WASHINGTON, DC – Bracewell LLP represented Competitive Power Ventures Group (CPV Group), a leading developer, owner and operator of utility scale renewable and low emission generation assets, in entering into a strategic partnership with Harrison Street, a leading investment management firm, pursuant to which Harrison Street agreed to acquire one-third of CPV Renewable Power, LP (CPV Renewables), a CPV Group affiliate.
This investment will permit CPV Renewables to accelerate its growing renewable energy development business which includes nine operating and under construction wind and solar projects totaling over 700 MW of capacity, and a near-term pipeline of approximately 4 GW of renewable power projects, consisting of more than 15 wind, solar and co-located battery storage projects.
Competitive Power Ventures is a leading North American electric power generation development and asset management company dedicated to increasing America’s energy sustainability by providing safe, reliable, cost-effective and environmentally responsible electric power.
This transaction was led by partner Danielle M. Varnell with key support from associate Timothy J. Scully.
Partners J. Dean Hinderliter and Laura D. Sheldon also assisted as did associate Haley L. Cambra.
