Renewable Energy Trust Acquires Three Power Plants from Canadian Solar
Orange County partner John Leonti and associate Christine Byrnes were mentioned in May Lexpert and RET Capital articles for representing a subsidiary of Renewable Energy Trust Capital, Inc. in its acquisition and financing of CityLights solar power project, a 10-megawatt AC solar power plant located in Ontario, Canada, from CSI Solar Project 16 Inc., a subsidiary of Canadian Solar, Inc. in March. Two other solar power plants, DiscoveryLight and FotoLight, were acquired by the same subsidiary on December 31, 2014. The acquisitions for all three were financed through hybrid credit and note purchase arrangements arranged by Norddeutsche Landesbank Girozentrale, New York Branch and Babson Capital Management LLC.
Troutman Sanders was lead finance counsel in all of the transactions.