LOS ANGELES (PRWEB) December 22, 2020
Global law firm Greenberg Traurig, LLP served as lead counsel for BayWa r.e. in the financing, and sale of the 250 MW Amadeus Wind Project, which completed construction and achieved financial close in December. Situated northwest of Abilene in Rotan, Texas, the wind farm is BayWa r.e.’s largest onshore wind project completed to date and “will generate enough clean, renewable energy to meet the electricity needs of more than 74,800 homes annually,” according to a press release issued by BayWa r.e.
“We were pleased to assist BayWa r.e. in the installation of this significant and strategically located wind project,” said Greenberg Traurig’s Global Head of Energy Project Finance, Jeffrey A. Chester, who led the Greenberg Traurig team. “Despite the profound global business challenges presented by the ongoing COVID-19 pandemic, the completion of the Amadeus Wind Project demonstrates the consumer demand and strong market fundamentals for U.S. wind installations.”
Chester, an Energy & Natural Resources Practice shareholder in the firm’s Los Angeles office, has deep experience handling transactions related to renewable energy, having closed more than 100 wind and solar power projects throughout the United States and Mexico. He has been centrally involved in the development of the equity, debt, and capital markets for renewable energy projects and represents developers, sponsors, lenders, and investors in a wide variety of energy finance transactions.
In addition to Chester, the multi-office Greenberg Traurig team included Shareholders Christopher L. Bell, Robert J. Downing, April B. Kim, Jillian C. Kirn, Gregory K. Lawrence, Andrew W. Scher, and Labry Welty; Of Counsels Alejandra Garcia Earley and Margaret J Weil; and Associates Ernesto Danache, IV and Thomas O. Lemon.
According to BayWa r.e.’s press release, the Amadeus Wind Project comprises of 96 GE wind turbines, will provide millions of dollars in tax benefits to the local community, will decrease the need for power generated from fossil fuels, and will keep over 648,000 metric tons of carbon dioxide from being emitted into the atmosphere on an annual basis. BayWa r.e., which is committed to delivering renewable energy solutions worldwide, is part of BayWa Group, a business with revenues of $19.1 billion.
About Greenberg Traurig’s Energy & Natural Resources Practice: Greenberg Traurig’s Energy & Natural Resources Practice has broad transactional, regulatory, and litigation experience across most sectors of the energy industry, including oil and gas, LNG, electricity, coal, wind, solar and other renewable energy sources, and water. The firm’s exceptional multi-office platform, including key offices in major energy centers, enables us to serve and implement legal strategies for energy clients throughout the U.S. and internationally.
About Greenberg Traurig: Greenberg Traurig, LLP (GT), has approximately 2200 attorneys in 40 locations in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, diversity, and innovation, and is consistently among the largest firms in the U.S. on the Law360 400 and among the Top 20 on the Am Law Global 100. The firm is net carbon neutral with respect to its office energy usage and Mansfield Rule 3.0 Certified. Web: http://www.gtlaw.com