K&L Gates Advises innogy on Acquisition of More Than 2,000 MW Onshore Wind Projects
3 August 2018
A team of lawyers from K&L Gates advised German-based energy company innogy SE and its Chicago- based US subsidiary Innogy Renewables US on the acquisition of EverPower Wind Holdings from UK private equity investor Terra Firma Capital Partners. The companies signed the purchase agreement at the end of 2017, but the project has now successfully completed with approval from the Committee on Foreign Investment in the United States.
Through the acquisition, innogy became the owner of more than 20 projects totaling in excess of 2,000 MW currently in various stages of development across eight states (Maine, Maryland, Montana, New York, Ohio, Pennsylvania, Washington, and Wyoming), giving innogy a strong foundation for expansion into the U.S., one of the company’s key strategic growth areas. innogy’s first U.S. onshore wind project at Scioto Ridge in Ohio is targeted to start full construction in early 2019.
The K&L Gates team advising innogy Renewables US was led by partner Andrea Lucan, assisted by partners David Benson, Sang-yul Lee, Karrie Diaz, Will Keyser, William Holmes, David Hattery, Elizabeth Crouse, Steven Hill, Charles Purcell, James Lynch, and Alyssa Moir, and supported by associates Mark Hammes, Nolan Thomas, Virginia Chiao, Ben Tejblum, Erica Bakies, and Tad MacFarlan.
The cross-office, cross-practice team included lawyers from K&L Gates’ power, labor, employment and workplace safety, employee benefits, tax, environment, land and natural resources, international trade, and corporate/M&A practice groups from the firm’s offices in Orange County, Seattle, Chicago, Washington, D.C., Portland, Los Angeles, and Harrisburg.