Sidley represented I Squared Capital, a leading global infrastructure investor, and Atlantic Power Corporation, an independent power producer, in the sale of the 60 MW Curtis Palmer hydroelectric portfolio to Innergex Renewable Energy Inc. and HQI US Holding LLC, a subsidiary of Hydro-Québec, plus a potential earn-out based on the evolution of NYISO market pricing. Curtis Palmer consists of two run-of-river hydroelectric facilities, Curtis Mills (12 MW) and Palmer Falls (48 MW) in the state of New York, that are contracted with Niagara Mohawk Power Corporation for the offtake of their generated energy, RECs and capacity.
I Squared Capital is an independent global infrastructure investment manager focusing on energy, utilities, digital infrastructure, transport, and social infrastructure in the Americas, Europe, and Asia. Atlantic Power is an independent power producer with operations in 10 U.S. states and two Canadian provinces, with a portfolio diversified by geography, fuel type, technology, dispatch profile, and offtaker.
The Sidley team was led by partners Tara Higgins and Noreen Phelan, with support from associates Chris Folmsbee and Curtis Hart. The team also included partners Hagai Zaifman and Suresh Advani (Tax), Terence Healey (Energy Regulatory), Robert Golub (Real Estate), counsel Elizabeth Chen (Antitrust/Competition) and Maureen Crough (Environmental), as well as associate Maeghan Murphy (Real Estate).