Bracewell Represents Competitive Power Ventures in Financing and Acquisition of Four Wind Farms in Maine

WASHINGTON, DC — Bracewell LLP represented Competitive Power Ventures in the acquisition and financing of four operating wind farms in Maine from Patriot Renewables and other project owners. KeyBanc Capital Markets Inc. was the mandated lead arranger of the financings which included term, revolving and letter of credit facilities. The acquisition adds 81.5 MW of generating capacity to CPV’s existing renewable portfolio.

The acquired projects include Canton Mountain Wind, Saddleback Ridge Wind, Spruce Mountain Wind and Beaver Ridge. The projects supply renewable energy to multiple municipal utilities across New England.

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.

Bracewell lawyers involved in the transaction include:

Partners: Danielle M. Varnell, Jeris D. Brunette, Jason B. Hutt, Laura D. Sheldon and Thomas M. Tomlinson

Counsel: Jennifer N. Dill and Jacqueline R. Java

Associates: Kenni E. Callahan, Katie J. Jones, Sarah O. Lytal, Kathryn F. Penry, Taylor M. Stuart and Timothy J. Scully