White & Case advises ERG on US$270 million agreement with Apex Clean Energy

Global law firm White & Case LLP has advised ERG S.p.A. (ERG) on an agreement with Apex Clean Energy Holdings LLC (Apex) to establish a strategic partnership to manage an operating US wind and solar project portfolio and its potential expansion.

The agreement represents ERG’s first expansion outside Europe, establishing a US-based holding company that includes the wind and solar plants, which have a total of 317 MW installed capacity and an estimated production of around 1 TWh, and a cooperation agreement related to new solar and onshore wind projects of about 1 GW that are currently under development. The value of the transaction is US$270 million and it is expected to close during the first half of 2024.

ERG is a leading independent operator of clean energy from renewable sources that operates in nine European countries. Apex is a leading independent American clean energy company.

The White & Case team that advised on the transaction was led by partner Raymond Azar (New York) and included partners Michael Immordino (London & Milan), Piero de Mattia (Milan), Ian Cuillerier, Raffaele Montenero Turco (both New York), Jeffrey Davis, Farhad Jalinous, Keith Schomig, Rebecca Farrington (all Washington, DC), Taylor Pullins, Emery Choi, Mingda Zhao (all Houston) and Michael Engel (London), and associates John Forbush, Heather Greenfield, Naari Ha (all Washington, DC), Samuel Spiers, Helen Xiang (both Houston), and Joao Lacerda (London & Brussels).

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