Overview
Leading international law firm McDermott Will & Emery represented Franklin Park Infrastructure, a private equity fund manager, in its tax equity partnership with New Columbia Solar to finance a 30 MW solar project portfolio for Washington, DC-based projects in 2020 and 2021. This is the largest tax equity deal to date for distributed solar project investments in the area. The capacity added under this transaction will increase the District’s current capacity by 33%.
- This transaction was completed on May 7, 2020.
- McDermott Will & Emery acted as legal advisor and Alfa Energy Advisors acted as financial adviser to Franklin Park Infrastructure.
- Leverage Law Group and Blanco Tackaberry & Matamoros represented New Columbia Solar.
- The McDermott team was led by Edward Zaelke and included Carl Fleming and Philip Tingle.
About Franklin Park
Franklin Park develops, owns and manages infrastructure assets. Franklin Park has a diverse portfolio, including renewable and conventional electricity generation, electric distribution, rail and road transport, and supply chain logistics. Additional details can be found at www.frpark.com.
About McDermott
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. With more than 20 locations on three continents, our team works seamlessly across practices, industries and geographies to deliver highly effective—and often unexpected—solutions that propel success. More than 1,100 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.
