Latham & Watkins Advises Terra-Gen on Investment by Cypress Infrastructure

Northampton Capital Partners LLC, an alternative asset management firm focused on infrastructure investments across North America, in partnership with pension investor APG Asset Management (on behalf of pension fund ABP) and other institutional investors, announced an agreement to form Cypress Infrastructure and make a strategic preferred investment in a renewable energy portfolio owned by Terra‑Gen, LLC (Terra‑Gen), one of the largest independent, integrated renewable energy producers in the United States, jointly owned by Masdar and Igneo Infrastructure Partners. The portfolio includes two assets: Lockhart, a 128.7 MW four‑hour battery energy storage system co‑located within Terra‑Gen’s solar and battery resources in San Bernardino County, California, and Monte Cristo I Windpower, a 238.5 MW wind project in Hidalgo County, Texas.

Latham & Watkins LLP represents Terra‑Gen in the transaction with a deal team led by New York corporate partners David Owen and Thomas Engelhardt and project finance partners Warren Lilien and Cameron Lyons, with corporate associate Samyung Han and assistance from Michael Sun and project finance associates Jesse Van Genugten, Donna Chen, and Julia Gabriel. Advice was also provided on tax matters by New York partner Eli Katz, with associate Chris Zhao; on HSR matters by Washington, D.C. counsel Ngoc Hulbig; on ex‑US merger control matters by Paris partner Adrien Giraud; and on intellectual property, data privacy, and cybersecurity matters by Washington, D.C. partners Morgan Brubaker and Clayton Northouse, with associate Sarah Zahedi.