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The rapidly growing solar industry is global, dynamic, multifaceted, and complex. And so Covington’s cross-disciplinary solar team operates globally, advising clients across the entire solar industry value chain regarding diverse and novel industry-shaping legal and policy matters. In this sense Covington’s solar practice and experience is distinguished from many firms that focus their solar efforts primarily or exclusively on solar project finance.
BrightSource Energy on environmental impact analysis and permitting of its Ivanpah project in the California desert.
Energy Conversion Devices, Inc. in its acquisition of Solar Integrated Technologies, Inc., an AIM-listed leading provider of building integrated photovoltaic roofing systems.
Green Lake Capital in its solar development financing activities, including a pooled power purchase transaction covering six megawatts DC of distributed solar facilities located at municipal sites throughout California.
OptiSolar Inc. in the sale its project development business to First Solar, Inc. in an all-stock transaction valued at approximately $400 million.
Plextronics in patent infringement litigation with Konarka relating to organic photovoltaics.
Advising Borrego Solar Systems, Inc. on a variety of corporate, financial and operational matters in a dynamic and rapidly changing solar market. Borrego is one of the oldest and largest solar integrators in California with over 25 years of experience. We counseled Borrego on tax, regulatory and corporate matters related to power purchase agreement, engineering procurement and constructions contracts, operations and maintenance contracts and site access agreements on more than 30 projects.
Represented Green Lake Capital in its solar development financing activities, including a pooled power purchase transaction covering six megawatts DC of distributed solar facilities located at municipal sites throughout California.
Represented Borrego Solar Systems, Inc. in connection with its $47 million project finance fund with partners U.S. Bank and East West Bank.
Morgan Stanley as financial advisor to Vivint Solar, Inc. in its $2.2 billion acquisition by SunEdison, Inc.
Borrego Solar Systems Inc. in connection with the sale of its residential solar division to groSolar Inc.
Negotiated with U.S. Department of Interior and California Energy Commission relative to environmental documentation, including NEPA, and species mitigation for siting of solar facility.
September 16, 2016, Inside Energy & Environment
Today, our colleague Whitney Schneidman posted on CovAfrica an interesting article that explores the theme of solar energy as an increasingly attractive opportunity for investment in Africa. The article can be read here.… Continue Reading
July 21, 2015
NEW YORK, July 21, 2015 — Covington advised Morgan Stanley & Co. LLC as financial advisor to Vivint Solar, Inc. in connection with its acquisition by SunEdison, Inc.
The transaction consideration, valued at $2.2 billion, will be paid to Vivint stockholders in a combination of cash, SunEdision common stock and a convertible promissory note.
Vivint Solar sells, ...
November 11, 2014, Inside Energy & Environment
Residential rooftop solar energy continues to expand at a rapid pace in many states. This growing market dynamic is affecting the business model of traditional electric utilities. Some utilities have sought to impose obstacles to the growth of competing solar rooftop providers, citing concern that as more homes produce their own electricity, the corresponding ...
April 1, 2014, Inside Energy & Environment
On March 28, His Serene Highness, Prince Albert II of Monaco bestowed innovation awards for excellence in the field of environmental technology to three emerging technology companies — Mango Materials, Frigesco, and One Earth Designs — out of a field of 22 companies from 11 countries that participated in the annual three-day CleanEquity Monaco conference … ...
January 6, 2014, Inside Energy & Environment
Here at Inside Energy & Environment we are honored to share that Law360 has named Covington’s energy practice as a 2013 “Energy Practice Group of the Year.” In giving this award, Law360 recognized the breadth of Covington’s practice capabilities (including litigation, transactions, regulatory and government policy) in both the traditional energy and clean ...
December 24, 2013, Inside Energy & Environment
FERC recently approved the California ISO’s (CAISO) proposal to lower a bidding floor to more efficiently address a growing “over generation” problem due in part to increasing “variable energy” (i.e., typically renewable) resources. A bit of background is needed to understand the problem and the solution. CAISO operates two bid-based energy spot markets to ...
December 20, 2013, Inside Energy & Environment
Earlier today, the Department of Defense (DoD) issued an interim rule that seeks to clarify when a contractor may use a non-U.S. manufactured photovoltaic (PV) device in certain government contracts. The rule offers guidance to contractors in determining whether a PV device qualifies as a permissible “designated country” device, explaining that the test should ...
January 3, 2013, Covington Advisory
February 25, 2011, Covington E-Alert
January 11, 2011, Covington E-Alert
January 5, 2011, Covington E-Alert
Winter 2011, US-China Quarterly Market Review
December 1, 2010, Covington E-Alert
September 30, 2010, Covington E-Alert
March 16, 2010, Covington Advisory
October 30, 2009, Covington E-Alert
August 18, 2009, Covington E-Alert
August 3, 2009, Covington E-Alert
July 10, 2009, Covington E-Alert
June 10, 2009, Covington E-Alert
May 7, 2009, Covington E-Alert