Foley Representa o First Citizens Bank no Financiamento de $360M para a Dimension Energy

Foley & Lardner LLP representou o First Citizens Bank como principal sindicato de dívida no recente financiamento de construção e prazo de $360 milhões da Dimension Energy (Dimension), o maior da empresa até à data. O financiamento apoiará uma carteira de 112 MWdc de 28 projectos solares comunitários localizados em Nova Jersey, Illinois, Delaware, Virgínia, Maine e Pensilvânia.

The transaction included participation from ING, MUFG, National Bank of Canada, Siemens, Cadence, and Comerica, with Advantage Capital providing $170 million in tax equity. The portfolio of community solar projects will create at least 500 jobs and support workforce development programs ranging from high school through mid-career, expanding pathways to well-paying local careers in solar and related trades.

Community solar projects provide power to more than 50 percent of individuals who are unable to install solar panels on their homes or apartments. Dimension’s projects tap into existing infrastructure, generate power where it is needed, and provide low-cost, clean electricity to surrounding communities.

The Foley team was led by partner Natalie Neals and senior counsel Sunita Paknikar and included partners Jason Barglow and Sarah Slack, of counsel Thomas Mullooly, senior counsel Justus Britt, and associates Amelia Dahl, Judah Lieblich, and Sadie Olson.