Sheppard’s Energy, Infrastructure and Project Finance industry team advised The AES Corporation (NYSE:AES) in the debt and tax equity financings of Phase I of the country’s largest solar-plus-storage facility.
Located in Kern County, Calif., the second phase of the two-phase project is expected to be completed later this year and the combined project will have a total 2,000 MW of installed capacity and is expected to generate power equivalent to the annual electricity usage of 467,000 homes, displacing over 1 million metric tons of carbon dioxide annual and improving air quality.
AES is a Fortune 500 global energy company accelerating the future of energy.
Laurette Petersen led the Sheppard team along with Andrew Ratts, Kathy Levecke, Nicholas Dugdale, Nathan Barbara and Luis Abreu.