BOSTON, HARTFORD, December 18, 2024: Morgan Lewis advised Energy Capital Partners (ECP) on the acquisition of a 50% equity stake in three US onshore projects from Danish clean energy company Ørsted. The value of the transactions is $572 million.
Under the terms of the deals, ECP will acquire an equity stake in Mockingbird Solar and Sparta Solar, two Texas 468-megawatt and 250-megawatt power plants, respectively, and the Eleven Mile Solar Center, a 300-megawatt solar and 300-megawatt/1,200-megawatt-hour battery storage project in Arizona.
ECP is an investment firm across energy transition infrastructure, with a focus on investing in electricity and sustainability infrastructure providing reliable, affordable, and clean energy. The company previously combined with Bridgepoint Group Plc to focus on value-added middle-market investing with a combined $73 billion of assets under management across private equity, credit, and infrastructure.
Partners Spencer Curtis, Amy Maloney, Charles Vandenburgh, Neeraj Arora, and Daniel Losk and associates Brooke Tinnerello, Alessia Mihok, and Kristin Hasselgren represented ECP.