Deanne M. Barrow

Senior Associate
Norton Rose Fulbright US LLP

Washington DC
United States
T:+1 202 974 5763
Washington DC
United States
T:+1 202 974 5763
Deanne M. Barrow

Deanne M. Barrow

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Biography

Deanne Barrow is a transactional attorney focusing on project development, financing and M&A transactions for energy and infrastructure projects, with a special focus on solar energy, wind energy and energy storage. 

She has considerable experience with the development, financing, acquisition and sale of battery storage projects, including stand-alone, hybrid, front-of-meter and behind-the-meter projects. Her clients include emerging and high-growth companies as well as large corporate sponsors, developers, lenders and investors.

Deanne is the U.S. editor of the firm's quarterly Energy Storage Updater.


Professional experience

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  • LL.M, with highest honors, Energy and Environmental Law, Thomas Burgenthal Scholarship, George Washington University Law School, 2011
  • BA, with honors, Law, University of Cambridge, 2007
  • BS, with highest honors, Chemical Engineering, Georgia Institute of Technology, 2004
  • District of Columbia Bar
  • New York State Bar
ENERGY STORAGE
  • Represented the A$170 billion (US$114 billion) AustralianSuper pension fund in connection with, alongside other investors, an aggregate US$1.5 billion equity raise by Generate Capital to fund deployment of behind-the-meter battery storage projects and other distributed sustainable infrastructure. 
  • Represented a consortium of lenders in connection with the US$2.3 billion financing of the CCGT/ standalone battery storage Southland project in southern California sponsored by The AES Corporation. The transaction was named "North American Power Deal of the Year" by Project Finance International. 
  • Represented Société Générale and Silicon Valley Bank in connection with the US$40.6 million term loan financing of the Lawa'i solar and battery storage project in Kauai, Hawaii.
  • Represented SUSI Partners on its acquisition of a 340MWh portfolio of C&I battery storage systems in southern California from Macquarie Capital's Green Investment Group.
  • Represented a tax equity investor on a master partnership flip facility to finance a large portfolio of residential solar installations including batteries.
  • Represented Innolith Science and Technology GmbH on drafting and negotiation of commercial agreements for the development and commercialization of a novel battery technology.
  • Advised a leading South Korean OEM on warranties for its debut residential energy storage product.
DEBT
  • Represented a syndicate of commercial bank lenders in connection with the US$4.025 billion financing of Train Two of the US$12.5 billion Freeport LNG liquefaction and export project in Texas. The transaction was named "Americas Deal of the Year" by Project Finance International.
  • Represented International Finance Corporation (IFC), Central American Bank For Economic Integration, Bancolombia, Banco General and Global Bank on the financing of the US$1 billion Colón LNG-to-power project in Panama, sponsored by The AES Corporation and Inversiones Bahía.
  • Represented Investec as lead arranger on the US$225 million refinancing of Primary Energy Recycling Corp., a portfolio of behind-the-fence generation assets sponsored by Fortistar.
TAX EQUITY
  • Represented Clearway Energy Group in connection with a debt and partnership flip tax equity financing for the construction of the 419-MW Mesquite Star wind project in Texas.
  • Represented a leading solar developer in connection with a rare leveraged overlapping inverted lease financing of a utility-scale solar farm in North Carolina.
  • Represented PNC Energy Capital in connection with a sale-leaseback tax equity financing for the development of fuel cell power plants.
  • Represented SunPower Corporation in connection with a partnership flip tax equity financing for a portfolio of residential solar projects.
  • Represented NRG Renew LLC on a tax equity partnership flip for a portfolio of commercial and industrial solar projects.
M&A
  • Represented I Squared Capital on the purchase of Duke Energy's Latin American businesses in Peru, Chile, Ecuador, Guatemala, El Salvador and Argentina for a US$1.2 billion enterprise value.
  • Represented Google Inc. on an investment in the 310-MW Lake Turkana Wind Power Project in Kenya, which has a US$853 million syndicated financing package representing the single largest private investment in Kenya's history.
  • Represented the lenders on an acquisition financing for the purchase of a 100-MW portfolio of residential solar PV projects associated with Capital Dynamics' acquisition of  8point3 Energy Partners.
  • Represented SUSI Partners on its acquisition of a 340MWh portfolio of C&I battery storage systems in southern California from Macquarie Capital's Green Investment Group.
STRUCTURED FINANCE
  • Represented Dividend Finance, LLC in connection with a US$105 million warehouse aggregation facility and subsequent securitization of residential solar loans. The transaction was named "Esoteric Asset-Backed Securities Deal of the Year" by GlobalCapital. 
  • Represented the initial purchasers in connection with the Rule 144A/Regulation S issuance of US$1.25 billion of senior secured notes by FLNG Liquefaction 2, LLC.
  • Represented the IDB in its US$70 million investment in a total US$175 million securitization program over diversified payment rights (DPRs) arising primarily out of remittances to persons in El Salvador from family members abroad.
  • Women of Renewable Industries and Sustainable Energy, Market Trends Update, November 2019 
  • Storage Week Plus, Executive Briefing, San Francisco, July 2019
  • Energy Storage: Lessons Learned from US and International Markets, AE2C and The World Bank, Washington DC, April 2019
  • Storage Week, San Francisco, February 2019
  • Community Choice Energy Summit, San Francisco, November 2018 
  • AWEA Wind Energy Finance & Investment Conference, San Francisco, October 2018
  • Energy Storage: Delivering the Potential, International Project Finance Association Webinar, June 2018
  • Community Choice Aggregation Summit, La Jolla, April 2018
  • Energy Storage Drivers and Pitfalls, Currents Podcast Episode 25, April 2018
  • Storage Week, San Francisco, March 2018
  • Projects & Money, New Orleans, January 2018
  • Community Choice Aggregation Summit, Santa Clara, November 2017
  • U.S. Patent and Trademark Office Registration (Patent Bar), 2013
  • Research Fellow, Environmental and Social Safeguards Unit, Inter-American Development Bank, 2010–2013
  • Spanish

Knowledge

Focus on energy storage

Publication | February 25, 2020

Energy storage updater: October 2019

Publication | October 03, 2019

Energy storage updater - June 2019

Publication | June 27, 2019

Energy storage updater – March 2019

Publication | March 06, 2019