Foley Hoag Represents Soltage-Greenwood in $70M Equity Financing
July 24, 2014
Foley Hoag recently advised a joint venture between North American solar power provider Soltage, LLC and Greenwood Energy. The $70 million financing, led by John Hancock Life Insurance Company (U.S.A.), will support the construction and operation of seven solar photovoltaic (PV) power stations in Massachusetts and North Carolina, with an expected total capacity of 32 megawatts. This portfolio financing follows on an earlier successful financing led by John Hancock that Soltage Greenwood announced earlier this year.
Soltage is a national leader in the development, financing and operation of solar power stations for commercial, industrial and municipal clients. Greenwood Energy is the North and Latin American clean energy division of the Libra Group, a privately owned international business group comprising 30 subsidiaries operating across five continents.
About Foley Hoag LLP
Foley Hoag provides innovative, strategic legal services to public, private and government clients across the globe. We have premier capabilities in the life sciences, healthcare, technology, energy, professional services and investment management fields, and in cross-border disputes. Our professionals possess the skills and experience to provide exceptional senior level service to clients ranging from startups to multinational companies to sovereign states. For more information, visit www.foleyhoag.com or follow @FoleyHoag on Twitter.