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DEAL NOTE: Crowell & Moring Assists Clearway Energy, Inc. in the Repowering of Two Wind Energy Projects

Firm News | 1 min read | 06.27.19

Washington, June 27, 2019: Crowell & Moring represented Clearway Energy, Inc. (CWEN), a publicly-traded energy infrastructure investor, in the repowering of two existing wind assets in Texas with an aggregate capacity of 283 MW, held in a partnership with CWEN’s affiliate Clearway Energy Group.

The transaction commits CWEN to contribute an estimated $111 million in capital for the repowering. The partnership entered into a tax equity arrangement which, in combination with the CWEN’s equity investment, will be used to repay construction financing and costs related to the repowering.

The firm team was led by partner Patrick Lynch and included partners Charles C. Hwang and Richard B. Holbrook, Jr.; senior counsel Deborah A. Carpentier; counsel Nicholas James and Diana A. Jeschke; and associates Tyler A. O’Connor and Kevin M. Silk.

About Crowell & Moring LLP

Crowell & Moring LLP is an international law firm with approximately 550 lawyers representing clients in litigation and arbitration, regulatory, and transactional matters. The firm is internationally recognized for its representation of Fortune 500 companies in high-stakes litigation, as well as its ongoing commitment to pro bono service and diversity. The firm has offices in Washington, D.C., New York, Los Angeles, San Francisco, Orange County, London, and Brussels.

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Firm News | 1 min read | 07.16.24

Crowell & Moring Advises itselectric in $6.5 Million Seed Funding Round

New York – July 16, 2024: Crowell & Moring represented itselectric, a Brooklyn-based electric vehicle curbside charging company, in closing a $6.5 million in a seed funding round. The round was led by Failup Ventures and Uber Technologies, with additional participation from Halogen Ventures, The Partnership Fund for NYC, Pulse Fund, Newlab, Gratitude Railroad, Tale VP, Equity Alliance Fund, LACI Impact Fund, and The Helm. This new funding will support itselectric's expansion to seven U.S. cities in 2024, including Boston, Los Angeles, Detroit, Jersey City, and San Francisco, and will help meet the growing demand for convenient and affordable curbside EV charging solutions.With the rapid growth of EV sales in the U.S. and the increasing need for charging infrastructure, itselectric's innovative Level-2 charging posts offer a scalable solution. These chargers connect behind-the-meter to draw spare electrical supply from adjacent buildings, eliminating the need for utility permitting and coordination. This approach allows for zero-cost installation to property owners and cities, while also providing a revenue-sharing model that benefits property owners. Additionally, itselectric's UL-certified detachable cable EV chargers emphasize safety, customer experience, and product quality.New York-based corporate partner Matthew Moisan led the deal with assistance from counsel Justin Lurie and associate Justin Porter....

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