Solar panels at dusk
Our Work

Latham Represents the Lenders in the Financing for Matrix Renewables’ Gaskell West Project

November 22, 2022
Multidisciplinary team advises on US$217 million project financing of solar and energy storage project.

Matrix Renewables, the TPG Rise-backed global renewable energy platform, announced that it has closed on its first US construction loan, tax equity bridge loan and back-levered term loan facility for its Gaskell West 2 and Gaskell West 3 projects. The financing of US$217 million was provided by MUFG, HSBC, National Bank of Canada and Commonwealth Bank.

Latham & Watkins LLP represent the lenders in the transaction with a finance team led by New York partner Jonathan Rod and San Diego partner Omar Nazif, with New York associate Kimberley de Looze and San Diego associate Preston Chaffee. Advice was also provided on environmental matters by Los Angeles/Houston counsel Joshua Marnitz; on regulatory matters by Washington, D.C. partners Natasha Gianvecchio and Tyler Brown; on insurance matters by Los Angeles partner Drew Levin; on real estate matters by San Diego partner James Mann; and on tax matters by New York partner Eli Katz.