Energy

Project Finance

Renewables Hero Image.

Foley’s Project Finance Leadership in Renewables

  • Foley is one of the top law firms in the United States in renewable energy project finance.
  • We represent half of the top project lenders (as measured by bank league tables).
  • Many top-tier borrowers and sponsors are our clients on project financings, for solar, wind and storage.
  • Every year since 2019, the Foley Finance Team has handled financings in at least 30 states, including all of the largest renewables markets.

Deep Experience Financing the Cutting Edge in Renewables

  • We have been involved in more than 20 community solar transactions and financings in both 2022 and 2021, in every major CS market, including the emerging markets.
  • Financing storage? Absolutely, we are working on storage deals in 15 states, including every major market.
  • Innovation is in our DNA, for example, we have pioneered the use of “unitranche” financings for renewable energy projects.
  • We have been on the ground floor of key insurance products for solar financings.
  • Negotiating as well as financing new offtake structures, including merchant risk and tail risk.

The Foley Difference

  • It’s not obvious but it’s pretty basic: To every financing, we bring practical experience from all corners of the renewable energy project business. We’ve been counsel to developers, owners, investors and sponsors, so we understand ahead of time the risks and barriers that will challenge a financing. More important, we know how to craft the solutions.
  • Our experience is hands-on across a team of 80 lawyers.
  • Our development lawyers represent developers at every stage of project development.
  • We represent buyers and sellers of project assets and platforms.
  • Foley represents leading tax equity investors, not to mention sponsors bringing TE investors into deals.
  • No matter what you are financing, Foley brings unparalleled industry know-how to its lender and borrower clients.
  • Streamlining and managing diligence investigations for lenders who recognize that cost management and efficiency is critical when financing portfolios of smaller projects.

Foley’s Deal Volume: Growing Market Leadership

  • 214 total transactions and financings in 2022
  • $39B in total value from all our deals in 2022
  • 40 states with projects in our deals in 2022, plus D.C. and Puerto Rico