Overview
Leading international law firm, McDermott Will & Emery, represented Quinbrook Infrastructure Partners, a specialist investor in low carbon energy infrastructure, and its portfolio company, Scout Clean Energy LLC, in its closing for construction financing and tax equity commitments on a 180-megawatt Heart of Texas Wind Farm in McCulloch County, Texas.
Quinbrook and Scout have rapidly expanded their US utility scale wind power project portfolio to over 2.4GW of potential renewable power capacity, spanning 13 projects in 10 states.
- This transaction was completed on September 25, 2019.
- McDermott Will & Emery acted as legal advisor to Quinbrook Infrastructure Partners and Scout Clean Energy LLC, while Paragon Energy Advisors acted as financial advisor.
- Construction financing of $255 million, including letters of credit, is being provided by a lender consortium that includes KeyBank as Administrative Agent, Rabobank and Co-Bank, ACB. GE Energy Financial Services led the underwriting of tax equity financing.
- The McDermott team was led by Edward Zaelke, Carl J. Fleming, Joel Hugenberger and Philip Tingle, and included Heather Cooper, Robert Lamkin, Jacob Hollinger, Andrew Kim and Seth Doughty.
Energy businesses rely on McDermott for its attorneys’ ability to address the unique legal issues associated with operating in such a highly specialized market. The Firm’s global Energy team has been repeatedly recognized for its quality of work. US News-Best Lawyers has ranked the US national practice and Houston office as top providers in its Best Law Firms publication, while The Legal 500 USA has acknowledged this group’s transactional capabilities. The Legal 500 EMEA has praised the Firm’s Italian energy group, and Chambers Global has ranked the Firm for its projects and energy work in Africa.
About Scout Clean Energy
Scout Clean Energy is a North American wind energy developer and owner-operator. Scout is developing over 2.4 GW of PTC qualified wind projects across 10 US states covering most of the continent’s power markets. Scout’s operations affiliate Harvest Energy Services, Inc. provides independent O&M and construction management services to the wind industry. Scout and Harvest together have over 125 employees and are based in Boulder, Colorado.
About Quinbrook
Quinbrook Infrastructure Partners is a specialist investment manager focused exclusively on lower carbon and renewable energy infrastructure investment and operational asset management in the US, UK and Australia. Quinbrook is led and managed by a senior team of power industry professionals who have collectively invested over US $17 billion in energy infrastructure assets since the early 1990s, representing over 30GW of power supply capacity. Quinbrook’s investment and asset management team has offices in Houston, London, Jersey and the Gold Coast of Australia. Quinbrook has completed multiple investments in both utility and distributed scale wind power, gas fired power reserve and ‘smart grid’ projects in the US, UK and Australia and currently manages Cape Byron Power, one of Australia’s largest base-load 100% renewable power generators.
About McDermott
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. With more than20 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.
