Renewable energy activity continued to flourish in North Carolina in 2015, and while the state tax credit sunsets and safe-harbored projects work their way through the pipeline, all expectations are that renewable energy transactions will continue at a robust pace in 2016.
In 2015, the attorneys at WF represented senior secured lenders providing construction, construction-to-permanent, and back leverage financing to renewable energy sponsors in 16 different transactions, that collectively total 47 solar farms, over 230 MW of renewable energy capacity and over $433,000,000 in debt exposure. WF attorneys also represented developers and investors in other renewable energy transactions involving purchases, sales and investments in renewable energy assets.
We want to take this opportunity to thank our clients, our team and everyone else that has enabled us to have a successful first year at our firm that, 12 months ago, was just a vision that Mike and Nate created together. Best wishes to everyone in 2016.