Akin Gump Advises Spruce Finance in Residential Solar Asset Acquisition

February 11, 2020

Reading Time : 1 min

Contact:

Jacinta O'Shea-Ramdeholl

Director of Communications

Scott Wasserman

Senior Media Relations Manager

(Los Angeles) – Spruce Finance, the largest private owner and operator of residential solar assets in the United States, has completed its most significant solar portfolio acquisition to date. A team from Akin Gump advised Spruce Finance in the transaction.

Spruce purchased 5,864 rooftop solar assets totaling 31.3 megawatts (MW) from funds managed by Atalaya Capital Management LP. The acquisition, which closed December 23, 2019, expands Spruce’s solar portfolio to more than 180 MW. Financial terms were not disclosed.

Akin Gump global project finance co-head Dan Sinaiko led the team advising Spruce Finance. He was joined by counsel Nertila Qenani and associate Nicole Scott.

Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 1,000 lawyers and advisors in offices throughout the United States, Europe, Asia and the Middle East.

# # #

Share This Insight

People Mentioned in This News

© 2024 Akin Gump Strauss Hauer & Feld LLP. All rights reserved. Attorney advertising. This document is distributed for informational use only; it does not constitute legal advice and should not be used as such. Prior results do not guarantee a similar outcome. Akin is the practicing name of Akin Gump LLP, a New York limited liability partnership authorized and regulated by the Solicitors Regulation Authority under number 267321. A list of the partners is available for inspection at Eighth Floor, Ten Bishops Square, London E1 6EG. For more information about Akin Gump LLP, Akin Gump Strauss Hauer & Feld LLP and other associated entities under which the Akin Gump network operates worldwide, please see our Legal Notices page.