HOUSTON — Bracewell LLP advised Arroyo Energy Investment Partners on the sale of two US electric power generation investments, Brandywine and Broad River. The sale includes more than 1,100 MWs of power production in the eastern United States.
Brandywine is a 230 MW dual-fuel combined-cycle plant located in Brandywine, Maryland, with a long-term offtake agreement with a regional electric cooperative. Broad River is an 878 MW dual-fuel peaking facility located in Gaffney, South Carolina, with a long-term offtake agreement with a large utility company affiliate. Bracewell had previously advised Arroyo on the purchase of the Broad River facility.
Arroyo is an independent investment manager focused on power and energy infrastructure assets in North America and Chile.
Bracewell lawyers involved in the transaction Include:
Partners: Ryan S. Holcomb and Catherine P. McCarthy
Counsel: Jacqueline R. Java
Associates: Shannon M. Rice, Andrew P. Mintz, Natalie R. Cohen and Jay Harper