Wilson Sonsini Advises Zanskar on $40 Million Development Capital Facility for Early-Stage Geothermal

"Wilson Sonsini Goodrich & Rosati advised Zanskar on the closing of a $40 million Development Capital Facility co-led by Just Climate and Spring Lane Capital, with additional capital from Tierra Adentro Growth Capital. The revolving, non-recourse facility funds pre-construction geothermal development and is structured to scale to $100 million."

Wilson Sonsini Goodrich & Rosati advised Zanskar on the closing of a $40 million Development Capital Facility, a transaction co-led by Just Climate and Spring Lane Capital with additional capital committed by Tierra Adentro Growth Capital. The Development Capital Facility is a revolving development credit facility designed to accelerate project development across Zanskar’s growing geothermal portfolio. Drawing on best practices from the renewables and natural resource sectors, the non-recourse facility covers key pre-construction activities and bridges projects to traditional bank project financing. It is structured to upsize to $100 million as Zanskar’s portfolio scales and is among the first financings ever structured specifically for early-stage geothermal development. The financing strengthens Zanskar’s ability to commercialize its pipeline of naturally occurring geothermal systems and establishes a scalable financing precedent for greenfield geothermal as a recognized asset class across the United States. Wilson Sonsini Goodrich & Rosati represented Zanskar with a team composed by: Scott Zimmermann, Jason Slagle, Nicole Gambino, Bob O’Connor, Jordana Palgon, and Jenae Sharp.

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Wilson Sonsini Advises Zanskar on $40 Million Development Capital Facility for Early-Stage Geothermal

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Wilson Sonsini Advises Zanskar on $40 Million Development Capital Facility for Early-Stage Geothermal

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