Sidley represented Harrison Street, one of the leading investment management firms exclusively focused on alternative real assets, in the formation of a US$250 million joint venture with Soltage LLC to fund 450 megawatts of distributed solar and energy storage projects across the United States. Concurrent with the establishment of the joint venture, the partnership closed its first investment consisting of 14.5 megawatts of distributed solar projects located in Maine, North Carolina, South Carolina, and Virginia and representing an aggregate of US$30 million in project costs.
The Sidley team was led by Noreen Phelan, along with Chris Folmsbee and Curtis Hart (all Energy and Infrastructure), with critical assistance from John T. Schaff (Tax), Terence T. Healey (Regulatory), and Paul M. McBride (Energy and Infrastructure).
