D. E. Shaw Renewable Investments (DESRI), a leading renewable energy producer in North America, has announced that it has entered into a strategic financing arrangement with Credit Suisse and Zions Bancorporation N.A. (Zions). Under the arrangement, which was originated and led by Credit Suisse, the lenders will provide DESRI with long-term financing to support DESRI acquisitions and growth. DESRI is focused on owning and managing long-term contracted renewable energy assets in North America and has a portfolio of projects totaling over 2,400 MW of aggregate capacity.
Latham & Watkins LLP advises D. E. Shaw Renewable Investments in the financing with a team led by Washington, D.C. partner Paul Hunt and Washington, D.C. counsel Luis Torres, with Washington D.C. associate Evan Pelz and New York associate Jared Joyce-Schleimer. Advice was also provided on tax matters by New York partner Eli Katz, with New York associate Eric Kamerman; on environmental matters with Washington, D.C. partner James Barrett; on energy regulatory matters by Washington, D.C. partners Michael Gergen and Tyler Brown, with Washington, D.C. associate Christopher Randall; on investment matters by Chicago associate Jennifer Tian; and on compliance matters by Washington, D.C. counsel Annie Froehlich.