According to clients, Mr. Katz is “extremely knowledgeable in the tax equity space. He has a good business mind that complements his strong legal skills.”
Chambers USA 2017

Eli M. Katz

New York
  • 885 Third Avenue
  • New York, NY 10022-4834
  • USA

Eli Katz is a partner in the New York office of Latham & Watkins and a member of the firm’s Tax Department. Mr. Katz has extensive experience assisting clients on a wide range of complex transactions, including those in the renewable energy and financial sectors. His practice is focused on energy tax incentives, project development and financing, capital raising and deployment structures, mergers and acquisitions, and leasing transactions both internationally and in the United States.

Mr. Katz has repeatedly been recognized by The Legal 500 US for his work in Project Finance and Tax, as well as recommended by Chambers USA for Nationwide Projects in Renewables & Alternative Energy.

Prior to joining Latham, Mr. Katz was vice president and tax counsel at GE Energy Financial Services.

Publication Highlights

  • New IRS Rules for Tax Credits Slows the Wind Market, Project Finance News, July 2016
  • How Yieldcos are Re-Shaping the Tax Equity Market, Power Finance & Risk, January 2015
  • Yield Cos: Where to Next?, Project Finance NewsWire, November 2014
  • Solar Securitizations, Project Finance NewsWire, September 2014

Speaking Engagements

  • Investing in US Renewables, Toronto, 2013
  • Wall Street Green Summit XII, New York, 2013
  • The Return of Tax Equity - Crucial Financing Piece, New York, 2013    

Mr. Katz’s representative experience includes advising:

  • Senior and back-leverage lenders on the Mariah North wind project in Texas, a 230 MW wind farm that was tax equity financed and sells power into the ERCOT market under a fixed price hedge agreement.*
  • Alterra Power and Starwood Energy on the acquisition and tax equity financing of the Shannon wind farm, a 204 MW wind project located in Clay and Jack Counties, Texas.*
  • A syndicate of lenders on a US$250 million back-leverage facility to support the continued expansion of one of the largest residential solar developers in the market.*
  • NRG Energy, Inc. in connection with the tax equity financing of 12 operating wind farms located in eight states with a combined capacity of 947 MW, monetizing future tax attributes that will be generated primarily by wind projects acquired out of bankruptcy from Edison Mission Energy, and is structured to preserve NRG’s ability to monetize the cash flows from these assets through transfers to NRG’s recently formed yield-co, NRG Yield Operating LLC. Mr. Katz's representation of NRG Energy was honored in the Financial Times Most Innovative Law Firms 2015 Report.*
  • Just Energy Group on the sale of Hudson Energy Solar Corp., a commercial solar developer with an operating portfolio of over 100 projects.*
  • Atlantic Power Limited Partnership in connection with its borrowing of over US$800 million through Term Loan B and revolving credit facilities, secured by a portfolio of 17 power assets in Canada and the United States.*
  • Macquarie Bank on the purchase of the cash flows from a portfolio of 11 wind farms that were subject to tax equity financings. This was the largest transaction of its type ever closed.*
  • NRG Energy in connection with the formation of multiple tax equity funds for portfolios of residential solar projects.*
  • LS Power in connection with the financing of its 170 MW Centinela Solar Energy project located near El Centro, California.*
  • GE Energy on the acquisition and financing of three large wind farms in the US — the Prairie Rose Wind Project in Minnesota, the Chisholm View Wind Project in Oklahoma, and the Buffalo Dunes Wind Project in Kansas.*
  • LS Power in connection with the financing of its 127 MW Arlington Valley Solar Energy II project near Arlington, Arizona.*
  • Sponsor in the purchase and financing of an approximately US$3 billion, 550 MW solar photovoltaic project being constructed in California, including the application for a US Department of Energy loan guarantee in support of the debt financing for the project.*
  • The developer and lessee in the US$1.6 billion financing for Alta Phases II-V (which included a Rule 144A bond offering, a bank cash grant bridge facility, and a forward commitment for a sale-leaseback), making this the first large portfolio of wind projects utilizing a leveraged lease structure in the United States.*
  • The developer and lessee on a US$560 million sale-leaseback of a 150 MW wind farm in Kern County, California.*
  • The developer group in the approximately US$2 billion financing for the world's largest wind farm totaling 845 MW of capacity at the Caithness Shepherds Flat project in eastern Oregon.*
  • AES in a US$120 million tax equity financing from Citibank of the Armenia Mountain Wind projects in Tioga and Bradford County.*

    *Matter handled prior to joining Latham

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