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Sunita Paknikar

Senior Counsel

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)
November 11, 2025 Deals and Wins

Foley Represents KeyBank as Sole Lender in $75M Lightshift Energy Project Finance Facility

Foley & Lardner LLP served as legal advisor to KeyBanc Capital Markets, the corporate and investment banking arm of Cleveland based KeyCorp, for the $75 million credit facility to support Lightshift Energy’s expanding fleet of battery projects.
November 4, 2025 Deals and Wins

Foley Advises MUFG in First Financing with Dimension Energy

Foley & Lardner LLP advised to MUFG Bank Ltd. in its capacity as lead debt syndicator for Dimension Energy’s $412 million community solar project financing package that will support a new 134 MWdc portfolio of 25 community solar projects in Illinois, Maine, New Jersey, New York, Pennsylvania, and Virginia.
September 5, 2025 Deals and Wins

Foley Represents Deutsche Bank in $200M Debt Facility for Catalyze

Foley & Lardner LLP represented Deutsche Bank AG, New York Branch, a leading global investment bank and financial services company, in connection with a $200 million debt facility provided to Catalyze Holdings, a national Independent Power Producer (IPP) and fully integrated developer of distributed renewable energy assets. Deutsche Bank Trust Company Americas served as agent.
July 1, 2025 Deals and Wins

Foley Represents First Citizens Bank in $360M Financing for Dimension Energy

Foley & Lardner LLP represented First Citizens Bank as lead debt syndicator in Dimension Energy’s (Dimension) recent $360 million construction and term financing, the company’s largest to date. The financing will support a 112 MWdc portfolio of 28 community solar projects located in New Jersey, Illinois, Delaware, Virginia, Maine, and Pennsylvania.
December 16, 2024 Deals and Wins

Foley Represents First Citizens Bank in $284M Financing for Dimension Energy

Foley & Lardner LLP represented First Citizens Bank as lead debt syndicator in Dimension Energy’s (Dimension) recent $284 million construction and tax equity bridge loan. The financing will support a 122 MWdc portfolio of 30 community solar projects across seven states.
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February 5, 2024 Energy Current

Infocast Projects & Money – 2024 Conference on Financing of Energy Projects

A large number of key players in the renewable energy industry kicked off their 2024 in New Orleans, Louisiana for the Annual Infocast Projects & Money event.