HOUSTON – Bracewell LLP represented PLT Energia in its joint venture with GGS Energy LLC to develop more than 1 GW of renewable energy in Texas.
The joint venture’s first project will be the development and construction of its Indigo Project Phase I, located in West Texas totaling 330 MW: 150 MW of PV and 180 MW of storage. Construction is expected to commence in June 2024. The newly formed joint venture company, PLT US Solar 1 LLC, is 80 percent owned by PLT and 20 percent owned by GGS.
PLT is one of the largest independent Italian groups in the renewable and energy storage sector.
GGS, a subsidiary of Glacier Global Partners, was formed in 2020 as an energy transition company focusing on developments of utility-scale renewable energy projects in the United States with an initial focus on photovoltaic projects.
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Bracewell lawyers involved in this transaction included:
Partners: Oliver Irwin, Kate Barrington McGregor, Jason B. Hutt, Catherine P. McCarthy, and Bucky Brannen
Counsel: Tamara L. McKinzie and Suzanne F. Day
Associates: Natalie R. Cohen, Caroline E. Rao, Shannon R. McKay, Taylor M. Stuart, Boris B. Shkuta, Emily A. Banse and Benjamin S. Cantor
