Sonnedix, the global solar independent power producer, has announced the 100% ownership transfer of its interest in the Puerto Rico Operation to ArcLight’s Infinigen renewables platform. The Puerto Rico Operations is comprised of two operating solar PV plants – Oriana and Horizon – totaling 73.2MW, and a dedicated operating and asset management team, plus other entities pursuing additional solar and battery energy storage in Puerto Rico. The transaction is expected to close in two stages between December 2021 and March 2022, subject to customary regulatory approvals and closing conditions.
Latham & Watkins LLP represents ArcLight in the transaction with a corporate team led by New York partner David Allinson, with New York associates Molly Ryan and Adam Abulawi. Advice was also provided on project development and finance matters by New York partner Warren Lilien, Washington, D.C. partner Tyler Brown, and San Diego counsel Sosi Biricik, with San Diego associate Joanna Gorska and New York associate Deborah Ogali; on tax matters by Bay Area partner Katharine Moir and New York partner Eli Katz, with Boston associate Jeremiah Cowen; on labor, benefits and compensation matters by Washington, D.C. partner Adam Kestenbaum and Los Angeles partner Joe Farrell; on environmental matters by Los Angeles/Washington, D.C. counsel Joshua Marnitz, with Boston associate Sam Scott and Washington, D.C. associate Peter Viola; on antitrust matters by Washington, D.C. partner Farrell Malone and counsel Joseph Simei; and on insurance matters by Los Angeles partner Drew Levin, with Los Angeles associate Harrison White.