Sidley represented Harrison Street, one of the leading investment management firms exclusively focused on alternative real assets with approximately US$55 billion in assets under management, in a joint venture with Competitive Power Ventures Group (CPV Group), a leading developer, owner, and operator of utility-scale renewable and low emission electric generation, to expand their strategic partnership with Harrison Street executing an agreement to acquire an ownership interest in CPV Renewable Power, LP (CPV Renewables), a CPV Group affiliate.
Through this investment, Harrison Street will support and accelerate CPV Renewables’ growing renewable energy development business, which comprises nine operating and under construction projects. Together, these projects total over 700 MW-ac of wind and solar capacity, sufficient to power over 570,000 households. CPV Renewables has also identified a near-term pipeline totaling ~4 GW-ac and consisting of more than 15 wind, solar, and co-located battery storage projects.
The Sidley team was led by Noreen Phelan and Mario R. Samos (Energy and Infrastructure), with assistance from Scott J.F. Goldstein (Insurance); Terence T. Healey (Energy and Infrastructure); John T. Schaff and Tyler J. Replogle (Tax); and Kiana N. Shin (Energy and Infrastructure).
