Paul Hastings Advised Lead Arrangers on Project Financing for Ashtrom Renewable Energy’s $270 Million Green Solar Project in Texas with PTC Transfer Agreement

Paul Hastings LLP advised the lead arrangers and joint bookrunners in connection with Ashtrom Renewable Energy’s, a global independent power producer and renewable energy developer, approximately $270 million in green financing for the 400 Megawatt Tierra Bonita solar project in Texas. The transaction is one of the first project financings for a solar project in the U.S. with a solar PTC transfer agreement under the Inflation Reduction Act. 

Energy and Infrastructure co-chair Robert Freedman and Of Counsel David Avila led the Paul Hastings team, which also included partner Michael D. Haun, Of Counsel Donna J. Bobbish, and associates Bruna Rey, Elena Rodriguez, Kami LaBerge, Christine Fiedler, and Christopher Hargett.

More details on the transaction can be found here.

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