Foley & Lardner LLP served as legal adviser to Hull Street Energy, LLC in its sale of Foundation Solar Partners, a Washington, D.C.-based developer with operations primarily in the Midcontinent Independent System Operator (MISO) and Pennsylvania, New Jersey, and Maryland (PJM) markets. Foundation Solar has developed and sold over 800 MW of solar projects and amassed a nearly 5 GW pipeline of solar and storage projects.
Hull Street Energy is a private equity firm that specializes in deploying capital into the power sector as it decarbonizes. Headquartered in Bethesda, Maryland, the team leverages its decades of experience and unique knowledge of North American electricity infrastructure, fundamentals and grid operations, including fuel inputs, commodity contract structuring, renewable and fossil-powered generation assets, energy storage, transmission and distribution systems, and electricity demand-side businesses to build value for stakeholders.
The Foley deal team was led by Partner John Klusaritz and included Partners James Howard and John Litchfield, Senior Counsel Jake Heller, Of Counsel Tom Mullooly, and Associate Doug Lightfoot. Lazard Frères & Co. LLC acted as exclusive financial advisor to Hull Street Energy.