Norton Rose Fulbright represents Grasshopper Energy in financing for solar-plus-storage portfolio

United States Press release - Business October 18, 2021

Norton Rose Fulbright represented affiliates of Grasshopper Energy in relation to a US$48 million financing package for a 17 MW solar-plus-storage portfolio of four large-scale, ground-mounted solar power projects located in Massachusetts. Norton Rose Fulbright advised on the construction debt financing that converts to a sale-leaseback.

This investment, provided by Fifth Third Bank, National Association, is part of Grasshopper Energy's commitment to accelerate its US growth plans and deploy solar energy plants along the Northeast Coast. The projects will provide clean energy to the people of Massachusetts while supporting the US energy industry transition toward a low-carbon or carbon neutral model.

Grasshopper Energy is a leading producer of clean energy focused on the development, acquisition and long-term ownership of clean energy assets. The company owns US$1.8 billion in current assets and a US$6.5 billion development pipeline.

Fifth Third Bank N.A. is a subsidiary of Fifth Third Bancorp, a diversified financial services company headquartered in Cincinnati, Ohio.

The Norton Rose Fulbright team was led by David Burton (New York) and Noam Ayali (Washington, DC) and also included Dilpreet Minhas (Washington, DC), and Amy Mitchell (Austin), as well as, Marjorie Glover (New York), Stefan Reisinger (Washington, DC), Christy Rivera (New York), Bob Shapiro (Washington, DC), Kevin Prokup (New York), Drew Skroback (New York), Ibrahim Basit (Houston), Monica Borda-Olarte (Washington, DC), and Connie Gao (New York).

Since 2015, Norton Rose Fulbright has been ranked annually as the leading US renewable energy legal advisor by volume having advised on a total 213 renewable energy projects valued at more than US$37.4 billion. (Inframation, Q1 2015 – Q3 2021, Renewables)