Louis J. Jenull

Experience represented below may have been handled at a previous firm.

Renewable Energy

• Represented the lenders in a US$523.067 financing for the 1000 Mile Solar PV Plant, a 300 MWac utility‑scale project in Yoakum County, Texas, expected to enter commercial operation in 2026. This deal was named IJGlobal's 2026 Power to X Deal of the Year, North America. 
• Represented CACIB in a US$1B construction debt financing to rPlus Energies for the Green River Energy Center, a 400 MW solar and 400 MW/1,600 MWh battery storage project, with a power purchase agreement with PacifiCorp. When constructed, it will be one of the largest solar-plus-storage facilities in Utah, and among the most expansive solar energy facilities in PacifiCorp’s system. This deal was selected by the Project Finance International (PFI) Americas Awards as its Renewable Deal of the Year.
• Represented First-Citizens Bank & Trust Company in its:
  • construction and term loan to X-Elio for the 100 MW Bell Solar and BESS Projects located in Bell County, Texas. This solar and BESS project will provide energy supply and support for Google on a 24/7 basis, with a physical PPA that enables direct delivery of power to Google.
  • construction loan to GridStor, a developer and independent power producer, for the 220 MW / 440 MWh Hidden Lakes Project which is a standalone BESS located in Galveston County, Texas.
• Represented KeyBank National Association in its:
  • construction and operating term loan warehouse facility to BlueWave, a leading solar and storage developer, owner, and operator in the Northeast U.S., for a portfolio of solar projects in Hampden County, Massachusetts.
  • construction loan for the 150 MW / 366.6 MWh BESS Headcamp Project located in Fort Stockton, Texas.
  • construction and term loan to Clearway Energy Group for a portfolio of four 80MW (320 MW/1,280 MWh 4-hour duration) BESS projects, located in Iron and Beaver Counties in Utah, known as Honeycomb.
• Represented CIBC with respect to a construction and term loan to rPlus Energies for the Pleasant Valley Solar 2 Project, a 125 MW solar facility in Ada County, Idaho which has a power purchase agreement with Meta and will deliver power to Idaho Power’s grid.
• Represented Credit Agricole Corporation and Investment Bank on closing of over US$1B in construction debt financing for its Green River Energy Center project comprised of 400 megawatts (MW) of solar PV and 400 MW/1,600 megawatt-hours of battery storage and has a power purchase agreement with PacifiCorp.
• Represented MUFG Bank, Ltd. with respect to a US$258M construction and term loan for the 980 MWh esVolta portfolio consisting of three battery storage projects in Texas.
• Represented Norddeutsche Landesbank Girozentrale in a US$133M senior secured bridge loan, construction and back-leverage term debt, and letter of credit facility for the construction and operation of the 150MW / 300MWh battery energy storage (BESS) project located in Carver, Massachusetts. The Cranberry Point Energy Storage facility will be the first major standalone battery storage project in the ISO-New England (ISO-NE) region.

• Represented seller on sale of energy investment tax credits under Section 48 related to microgrids, battery storage, and solar property.
• Represented buyer on sale of US$100M of wind energy production tax credits related to a 179Mw project near Lubbock, Texas.
• Represented clients in connection with applications for advanced manufacturing tax credits under Section 48C.
• Advised clients with the evaluation of carbon sequestration tax credits under IRC Section 45Q, including analysis of potential structures, market barriers, attracting tax equity investors, acquisitions of CO2 streams and wells and related IRS guidance.
• Advised an energy company in its investment in a joint venture to develop construct, operate and maintain a biofuel plant in Canada that will use municipal waste, waste plastics and biomass as feedstock to produce bio-methanol, ethanol and/or gasoline.
• Advised a large publicly traded investor in connection with its tax equity investment in a 33.8 MWac ground mounted solar photovoltaic generating facility in North Carolina and in its purchase of solar renewal energy certificates related thereto.
• Advised an individual investor on an investment in solar panels in Arkansas expected to generate federal energy investment tax credits. The complex transaction involved a flip partnership structure and additional new markets tax credit financing.
• Advised a national bank as local counsel on a tax equity investment in a solar energy project in Texas. The project involved a 250 MW solar energy project located in Upton County.
• Advised a national bank in connection with a US$106.8M back leveraged project financing for the acquisition, development, and construction of five wind-powered electric generating projects with a total generating capacity of 50 MW located in Oregon.
• Advised a national bank as local counsel on a tax equity investment in five renewable energy projects in Texas. The projects included a 160 MW wind project in Andrews County, a 300 MW wind project in Limestone and McLennan Counties, a 201.6 MW wind project in Las Lomas County, a 200 MW solar project in Anson, Texas, and a 225 MW solar project in Borden County.

Oil & Gas

• Advised a Denver-based exploration and production company in connection with the tax aspects of the acquisition of producing and non-producing well assets in East Texas.
• Advised a U.S. petrochemical and refining corporation, as well as affiliates in Austria and Canada, in connection with the tax aspects of the formation of a joint venture to build a US$1.7B, one million ton-per-year ethane cracker in Port Arthur, Texas; acquisition of an existing 400,000 ton-per-year two-line polyethylene plant in Bayport, Texas; and building of a new 625,000 ton-per-year Borstar PE plant at the Bayport site.
• Advised a midstream company on the tax aspects of its US$180M acquisition of a 575-mile pipeline system from a Houston-based pipeline operator.
• Advised an affiliate of a midstream client in connection with the tax aspects of the acquisition of a liquefied natural gas (LNG) facility in Kenai, Alaska.
• Advised a publicly traded exploration and production company on the US$84.2M sale of a portion of its Appalachia assets.
• Advised a Denver-based exploration and production company in connection with the tax aspects of its US$500M acquisition and related financing of producing and non-producing oil and gas assets.
• Advised an upstream division of an Indonesian national gas company in connection with the tax aspects of its acquisition of a 37.825% working interest in a gas production block in Indonesia.
• Advised a Detroit-based diversified energy company in connection with the tax aspects of its US$1.3B acquisition of midstream natural gas assets located in the Appalachia region.
• Advised the largest independent petroleum marketer in Western Massachusetts, and an owner and operator of car maintenance and service centers, in connection with the tax aspects of its sale of nine locations.
• Advised a U.S. gas and electric utility holding company in connection with the tax aspects of its acquisition of a 50% equity interest in a significant pipeline system connecting natural gas supply basins in Texas, Louisiana, Mississippi, Alabama, and the Gulf of Mexico to markets in Louisiana, Mississippi, Alabama, Florida, Georgia, South Carolina, and Tennessee.

Other

• Advised an investment banking and securities firm in connection with the tax aspects of an equity investment in a multifamily housing development.
• Advised a national bank in connection with the tax aspects of financing the acquisition of a forest in the state of Washington, and preservation and harvesting activities in relation thereto.
• Advised a regional bank in connection with its financing of the rehabilitation of a historic building in Dallas, Texas.
• Advised a diversified, growth-oriented master limited partnership in connection with the tax aspects of a US$5.5B public offering of Senior Notes.
• Advised a diversified, growth-oriented master limited partnership in connection with the tax aspects of a US$2.25B public offering of Senior Notes.
• Advised a diversified, growth-oriented master limited partnership in connection with the establishment of an at-the-market program for the sale of up to approximately US$1.2B of limited partner interests, as well as up to approximately 17 million common units offered by a selling unitholder.