WASHINGTON, DC – Bracewell LLP is representing Sol Systems, LLC on its initiative with Microsoft to develop over 500 MW of solar projects in under-resourced communities in the United States and to create a first-of-its-kind community investment fund. Sol Systems and Microsoft designed the initiative to maximize the portfolio’s positive environmental, community and societal impact.
Washington, DC-based Sol Systems will finance, develop and operate the portfolio and sell energy from the projects to Microsoft. In parallel, working with local leaders in nearby communities and those disproportionately impacted by climate change, Sol Systems and Microsoft will invest at least $50 million for community-led grants and investments that support educational programs, job and career training, habitat restoration, and programs that support access to clean energy and energy efficiency.
While the size of the portfolio itself is notable, the initiative is unique in the industry for its ongoing commitment to community involvement and localized environmental justice.
Bracewell lawyers involved in the transaction included:
Partners: Hans P. Dyke, Danielle Garbien and Stephen J. Hug