Sidley represented HSRE Social Infrastructure Fund LP (Harrison Street) in connection with the acquisition and joint venture arrangements with Akuo Energy for a 93 MW wind farm to be constructed approximately 100 miles southwest of Chicago, Illinois.
Harrison Street and Akuo reached financial close in early September, alongside GE Energy Financial Services as tax equity investor and Morgan Stanley as sole provider of construction financing and exclusive long-term buyer of power and renewable energy credits. This project marks Harrison Street’s fourth investment in a U.S. wind farm. Once constructed, the project will yield significant economic benefits to the region and will benefit from proximity to major population centers, an excellent wind resource profile, and limited grid congestion.
The Sidley team was led by Noreen Phelan (Energy and Infrastructure), along with Chris Hutchison (Energy and Infrastructure), Averill Conn (Energy and Infrastructure), and Curtis Hart (Energy and Infrastructure), with critical assistance from Terence Healey (Energy and Infrastructure), John Schaff (Tax), Heather Palmer (Environmental), and Erica von Pechmann (Energy and Infrastructure).