Covington & Burling LLP operates as a limited liability partnership worldwide, with the practice in England and Wales conducted by an affiliated
limited liability multinational partnership, Covington & Burling LLP, which is formed under the laws of the State of Delaware in the United States
and authorized and regulated by the Solicitors Regulation Authority with registration number 77071..
Charlie Carroll represents developers, sponsors, investors, and financial institutions in the development, financing, acquisition, and disposition of renewable and other energy projects and related infrastructure in the United States and abroad.
Recently Charlie has been advising emerging pharmaceutical companies participating as borrowers under U.S. government programs to accelerate the production of COVID-19 vaccines. He also has extensive experience with other development and multilateral agency lending transactions and in capital market and other corporate finance, SEC filings and compliance, and corporate governance.
Charlie has advised clients engaged in project financings, holding company financings, tax-equity financings, single-investor and leveraged-leasing, Rule 144A offerings, Term Loan B financings, private placements, acquisitions, dispositions, joint ventures, and workouts. As external and internal counsel for public and private corporations, Charlie has been responsible for initial public offerings, high-yield offerings, and periodic SEC and exchange filings.
In his work with clients participating in the energy transition or otherwise pursuing strategies for growth and innovation, Charlie regularly:
Advises buyers and sellers of renewable and thermal energy projects participating in auctions and negotiated transactions;
Helps investors in battery storage and other emerging technology companies assess, mitigate and allocate risk;
Counsels borrowers on financial covenants, funding conditions precedent and other provisions of loan documents that can materially affect the clients’ future operations and its ability to capitalize on opportunities; and
Assists companies with establishing and unwinding joint development and other joint venture agreements.
Charlie has served as general counsel and deputy general counsel and corporate secretary of two public companies and general counsel of a private equity fund portfolio company. He received his J.D. from New York University School of Law in 1983, where he was elected Order of the Coif and served as Note and Comment Editor of New York University Law Review. He earned his B.A., cum laude, with high distinction in English, from Dartmouth College in 1980.
Advised seller in sale of minority interest in portfolio of solar projects and agreement for the joint development of future renewable energy projects.
Advised seller in sale of 50% of two renewable energy projects in the United States.
Advised water utility holding company borrower in revolving credit facility.
Advised solar developer in negotiation and execution of construction contracts for C&I installations.
Advised investor in acquisition of controlling interest in thermal project in West Africa.
Advised technology company borrower in secured term loan from a multilateral lending agency.
Advised water infrastructure software developer in negotiations with potential strategic investor
Advised public electrical utility in potential disposition of distributed energy businesses
Advised public electrical utility in sale of electrical contracting business
Advised seller in the sale of Norte III, a combined-cycle power plant under construction in Mexico (Latin Lawyer's "Project Finance Deal of the Year" for 2017).
Advised purchaser in acquisition of portfolio of solar projects in Massachusetts.
Advised purchaser in negotiations to acquire a 50 percent interest in a limited liability company pursuing offshore wind energy project development in Massachusetts.
Advised seller in disposition of project companies owning four wind energy projects in Southern Africa.
Advised bidder in auction of various renewable energy projects by a chapter 11 debtor.
Advised purchaser in negotiations to acquire several solar projects in North Africa.
Advised Telefonica S.A. in the sale of Television Federal S.A. (Telefe) in Argentina to Viacom, Inc.
Advised seller on Alta Wind I-V, X and XI, a sale of seven wind energy projects (1550 MW) in Kern County, California.
Advised purchaser on Mojave Wind, an acquisition of four wind energy projects (135 MW) in Kern County, California.
Advised seller on Pinyon Pines I and II (fka Alta Wind VII and IX), a sale of two wind energy projects (300 MW) in Kern County, California.
Advised seller on Alta Wind VI, a sale of a wind energy project (150 MW) in Kern County, California.
Advised seller on Alta VIII, a sale of a wind energy project (150 MW) in Kern County, California.
Advised senior lenders financing the acquisition of a portfolio of peaking generating stations serving PJM and MISO.
Advised tax equity investor on a portfolio of wind energy projects (354 MW).
Advised senior lenders financing acquisition of Homer City Generating Station, an 1884 MW coal-fired generating station in Pennsylvania.
Advised senior lenders providing construction and term financing for the San Pedro de Macoris Power Plant, a 300 MW natural gas-fired generating station in the Dominican Republic.
Advised lessee on Dixie Valley, a leveraged sale-leaseback of a geothermal energy project (67 MW) in Dixie Valley, Nevada.
Advised development lender on Hudson Ranch, a 50 MW geothermal power project located in the Imperial Valley, California.
Advised senior lenders on Keenan II, a 152 MW wind energy project located in Woodward, Oklahoma.
Advised senior lenders on a portfolio of peaking generating stations serving PJM and MISO.
Advised senior lenders on Lake Road Power Project, an 800 MW natural gas-fired generating station in Connecticut.
Advised senior lenders on Mayakan Pipeline Project, a 700 kilometer natural gas pipeline in Mexico.
Advised senior lenders on ABB Transmission Lines, two electrical power transmission lines in Mexico.
Advised developer/borrower on Quezon Power Project, a 490 MW coal-fired generating station in The Philippines.
Advised senior lenders on Samalayuca II Power Project, a 690 MW natural gas-fired generating station in Mexico.
Advised senior lenders on Michigan Power Project, a 123 MW natural gas-fired generating station in Michigan.
Advised senior lenders on Dulles Greenway, a 14-mile highway connecting Dulles Airport with Leesburg, Virginia.
Advised senior lenders on Midland Cogeneration Venture, a leveraged sale-leaseback of undivided interests in a 1370 MW natural gas-fired generating station in Michigan.
Advised senior lenders on Iroquois Gas Transmission System, a 370-mile natural gas pipeline in New York and Connecticut.
Advised subordinated lender on Keystone Power Project, a 202 MW coal-fired generating facility in New Jersey.
Advised lessee on AEP Rockport Power Project, a leveraged sale-leaseback of undivided interests in a 1300 MW coal-fired generating station in Indiana.
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