Ethan Schultz guides clients in acquisitions and divestitures, joint ventures, financings, and other corporate and commercial transactions in the energy and infrastructure sectors.

Ethan represents strategic and financial investors, independent power producers, project developers, public utilities, and financial institutions across a wide range of asset classes, with a particular focus on power and renewable energy, and energy transition infrastructure.

While in law school, Ethan served as executive editor of the University of Pennsylvania Law Review. Before that, he worked as a financial analyst for Enron and Project GRAD USA, a nonprofit focused on improving public education.

Ethan’s experience includes representing:

  • Advantage Capital in its formation and sale of interests in Perennial Renewables, a utility-scale solar development business, to Sumitomo Corporation
  • ArcLight Capital in its sale to Carlyle Power Partners of a controlling interest in Southeast PowerGen, a 2,800 MW portfolio of gas-fired peaking plants*
  • BlackRock Real Assets in:
    • Its acquisition of a 98 MW portfolio of C&I and community solar projects from Excelsior Energy
    • Its separate sales of interests in the Aurora solar portfolio, Howard wind, CWS Zephyr wind, and Elk and Hawkeye wind projects to Greenbacker Renewable Energy*
  • Brookfield Renewable in:
    • Its formation of a joint venture with California Resources Corporation to develop carbon capture and sequestration projects and related infrastructure
    • Its strategic collaboration with Amazon to develop renewable energy projects and pursue additional green energy opportunities*
    • Its acquisition of a portfolio of development-stage solar projects in MISO*
  • Clearway Energy Group in:
    • Its separate sales of interests in the Pine Forest, Victory Pass, and Arica solar and storage projects to AIP Management
    • Its sale of the Wildflower Solar project to Duke Energy
  • Core Solar in its sale to TotalEnergies Renewables USA*
  • Denham Capital in its controlling investment in Solops, a C&I solar and storage developer
  • EDF Renewables in its US$100 million sale of a non-controlling interest in PowerFlex, a provider of solar, storage, and EV charging solutions, to Manulife Investment Management 
  • EDF Group in its US$4.5 billion acquisition of a non-controlling interest in Constellation’s nuclear generation business*
  • Emera Energy in:
    • Its US$223.3 million sale of its 49% interest in Northeast Wind Partners, a 419 MW wind portfolio, to First Wind*
    • Its US$541 million purchase of a 1,050 MW portfolio of combined-cycle, gas-fired generating facilities from Capital Power*
  • Enel Green Power North America in its acquisition of an US-based energy services and technology provider*
  • First Solar in:
    • Project and portfolio sales to EDP Renewables, Longroad, Goldman Sachs Renewable Partners, Dominion Energy, EDF Renewable Energy, Southern Power, DESRI, Exelon, and NRG, among others, comprising more than 4,000 MW*
    • The sale of its solar project development business to Leeward Renewable Energy*
    • The formation and initial public offering of 8point3 Energy Partners, its joint-venture yieldco with SunPower*
    • The US$1.7 billion sale of its interests in 8point3 to Capital Dynamics*
  • InterGen in:
    • The sale of its Mexico assets, including six combined-cycle gas turbine projects, to Actis Group for US$1.3 billion (enterprise value)*
    • Its purchase from IEnova of a 50% interest in Energía Sierra Juárez, a 155 MW wind facility in Mexico*
  • JPMorgan Asset Management in its acquisition of Sonnedix Power Holdings*
  • NorthWestern Energy in its US$900 million purchase from PPL of a 633 MW portfolio of hydroelectric facilities*
  • Ontario Power Generation in its US$298 million acquisition of Eagle Creek Renewable Energy*
  • Ørsted in:
    • Its joint venture with Skyborn Renewables, a Global Infrastructure Partners portfolio company, relating to the South Fork and Revolution Wind offshore wind farms in New England
    • Its acquisition from Eversource of a 50% interest in Sunrise Wind, a 924 MW offshore wind farm off the coast of New York
  • Power Sustainable Energy in its acquisition of a 50% interest in the Desert Quartzite solar and storage project from EDF Renewables
  • SunEast Renewables in its sale of a 900 MW development-stage solar portfolio to Cordelio Power*
  • Torch Clean Energy in its strategic partnership with Morgan Stanley Infrastructure Partners
  • Upper Bay Infrastructure Partners in:
    • Its sale of Infiniti Energy, a C&I solar development company, to Aggregko Energy Transition Solutions
    • Its sale, as part of a consortium with BlackRock Real Assets and Silverfern Group, of a minority stake in Tidewater Holdings, an intermodal transportation business, to Ullico Infrastructure Fund
  • Wafra Inc. in its acquisition of a controlling interest in Mission Clean Energy, a utility-scale renewable asset developer

*Matter handled prior to joining Latham 

Bar Qualification

  • District of Columbia
  • Texas

Education

  • JD, University of Pennsylvania Law School, 2005
  • BA, Rice University, 1999