Spearmint Energy Acquires 150MW Energy Storage Project

Houston – Paul Hastings LLP, a leading global law firm, advised Spearmint Energy, a next-generation renewable energy company, on the acquisition of a 150 MW battery energy storage project from Con Edison Development, a wholly-owned subsidiary of Con Edison Clean Energy Businesses.

Located adjacent to the King Mountain Wind Farm in Upton County, Texas, the project will provide much-needed battery energy storage assets to West Texas’ ERCOT market. The market has recently experienced a notable shift due to higher industry-wide demand for renewable power, growth attributed to the use of technology and increases in natural gas prices, as well as a weaker outlook for solar buildout.

M&A Partner Luis Gomar led the Paul Hastings team, which also included partners Greg Nelson, Michael Haun, Rocio Mendoza, Chris Carr, and Gregory Spitzer; and associates Irene Kau, Elena Rodriguez, Lucas Grunbaum, Justin Orr, and Matthew Seely.

About Paul Hastings

Dedicated to providing intellectual capital and superior execution to the world’s leading Wall Street and global investment banks, asset managers and corporations, Paul Hastings is a premier global finance law firm with elite teams in finance, mergers and acquisitions, private equity and litigation. It is one of only a handful of law firms ranked across multiple core finance areas including: structured credit, leveraged finance, private credit, capital markets, and real estate finance.

Paul Hastings is ranked as one of the top firms in the world in The American Lawyer’s “Premier League” for momentum, profit and prestige amongst firms in the 2022 American Lawyer 100.