Latham & Watkins Advises BrightNight and Cordelio Power on Financing of Pioneer Clean Energy Center in Arizona

"Latham & Watkins advised BrightNight and joint venture partner Cordelio Power on the financing and financial close of Pioneer Clean Energy Center, a 300 MWac solar plant paired with a 300 MW / 1,200 MWh battery storage facility in Yuma, Arizona, developed to meet a long-term tolling agreement with a local utility."

Latham & Watkins represented BrightNight and joint venture partner Cordelio Power in the financing for the Pioneer Clean Energy Center. The parties announced financial close for Pioneer Clean Energy Center, a 300 MWac solar plant combined with a 300 MW / 1,200 MWh battery energy storage facility located in Yuma, Arizona. Developed to fulfill the obligations of a long-term tolling agreement with a local utility, Pioneer is designed to deliver reliable, dispatchable energy to support Arizona’s growing electricity needs. Latham & Watkins represented BrightNight and Cordelio Power with a team composed by: New York partner Cameron Lyons (project finance, lead); associates Nicole Goldman, Emma Green and Josh Podolsky (project finance); New York partner Eli Katz (tax); associates Andrea Herman and Tessa Young (tax); Washington, D.C. partner Tyler Brown (energy regulatory); New York partner Carlos Alvarez (derivatives); and associates Jim Lambert and Adam Fovent (derivatives).

Latham & Watkins Advises BrightNight and Cordelio Power on Financing of Pioneer Clean Energy Center in Arizona

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