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Latham & Watkins Advises Orion Energy Partners in US$175 Million Investment in Talen Energy Corporation and Cumulus Growth

September 21, 2021
The investment will fund a carbon-free hyerscale data center campus and bitcoin mining joint venture.

Talen Energy Corporation and its wholly-owned subsidiary Cumulus Growth Holdings LLC have announced that they have taken additional steps forward in capitalizing and executing Talen's strategic transformation to a renewable energy and digital infrastructure growth platform. Cumulus Growth, through its wholly-owned subsidiary Cumulus Digital LLC, has secured a 6-year, up to US$175 million strategic capital partnership with Orion Energy Partners . 

Latham & Watkins LLP represents Orion Energy Partners in the transaction with a deal team led by Los Angeles/New York partner Jeff Greenberg, with New York associates Nicole Goldman and Maria Borges. Advice was also provided on corporate matters by Houston partner Lauren Anderson; and on tax matters by New York partner Gregory Hannibal.