Sunita Paknikar
Senior Counsel
Sunita is Senior Counsel in Foley & Lardner LLP’s Energy practice, focusing on complex renewable energy finance transactions. Her practice centers on lender-side debt and investor-side tax equity financings for utility-scale and distributed generation projects across the United States.
She represents many of the most active financial institutions in the energy transition, including major U.S. and international commercial banks and other institutional investors. Sunita has deep experience across construction, development, bridge, term loan, and letter of credit facilities, as well as tax equity and sale-leaseback structures. Her representative matters include:
- A multi‑billion‑dollar tax equity financing for a large solar and battery energy storage project in California.
- A nine‑figure tax equity financing for a utility‑scale solar project in the Southwestern United States.
- Multiple tax equity and construction bridge financings for community solar portfolios across the country, including several hundred‑million‑dollar construction and tax equity bridge facilities for portfolios of projects spanning multiple states.
- A series of construction and tax equity bridge loans for multi‑state community solar portfolios, each supporting dozens of projects and totaling several hundred megawatts of capacity.
- A multi‑hundred‑million‑dollar construction, term, bridge, and letter of credit facility for a portfolio of solar projects, designed to support development, construction, and long‑term operation.
- Development and construction credit facilities for portfolios of distributed generation solar projects, including multi‑tranche structures combining construction, term, bridge, and letter of credit components.
- A development loan facility supporting acquisitions, development, and construction of a nationwide renewable energy project pipeline.
- A construction and sale‑leaseback financing for a portfolio of community solar projects.
- A development loan for a multi‑state solar portfolio sponsored by an established developer, including support for early‑stage project development costs.
- Financing transactions for portfolios of projects utilizing both traditional project finance structures and innovative variations adapted to evolving market and regulatory conditions.
In addition to her client work, Sunita plays an active role in firm leadership and attorney development. She serves on Foley’s Associates Committee as the Washington, D.C. representative, where she works closely with firm leadership on associate morale, retention, and professional development. Sunita is also committed to pro bono service, with recent representations including educational, cultural, and community nonprofit organizations.
Awards and Recognition
- Best Lawyers: Ones to Watch recognition for Energy Law, Commercial Litigation and Project Finance Law (2023-2025)
Foley Represents KeyBank as Sole Lender in $75M Lightshift Energy Project Finance Facility
Foley Advises MUFG in First Financing with Dimension Energy
Foley Represents Deutsche Bank in $200M Debt Facility for Catalyze
Foley Represents First Citizens Bank in $360M Financing for Dimension Energy
Foley Represents First Citizens Bank in $284M Financing for Dimension Energy