Akin Gump Advises Quinbrook Infrastructure Partners in Financing and Tax Equity of Ranchero Wind Farm Project
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(Los Angeles) – Quinbrook Infrastructure Partners, a specialist investor in low carbon energy infrastructure, has announced that its portfolio company, Scout Clean Energy LLC, has closed construction financing and tax equity commitments on the 300MW Ranchero Wind Farm located in Crockett County, Texas. Akin Gump advised Quinbrook and Scout in the deal.
The Ranchero project is expected to be operational by the end of 2019 and has been developed from inception by the Scout team. It will utilize 120 of the latest generation GE 2.5MW wind turbines with 127m rotors and has secured a 10-year proxy revenue swap with Allianz Global & Specialty, Inc.’s Alternative Risk Transfer unit, in partnership with Nephila Climate.
Ed Zaelke, a partner in Akin Gump’s global project finance practice, led the team advising Quinbrook and Scout. He was joined by oil and gas partners Eric Muñoz, Chip Cowell and William Morris, counsel Chase Armbrust, and associates Lisa Garrett, Eduardo Canales, Shane Copelin and Katherine Raymond; and global project finance counsel Daniel Lynch, and associates Nicole Scott and Matt Smith.
Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 850 attorneys in offices throughout the United States, Europe, Asia and the Middle East.
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