Excelsior Energy Capital and Unico Solar Investors announces the closing of a long-term partnership to build, own and operate a 250MW pipeline of commercial and industrial solar projects located across North America. A team from Akin Gump advised Excelsior in the transaction.
Unico Solar, a wholly owned subsidiary of Unico Investment Group, will leverage its vast real estate network to develop the portfolio. Excelsior, through its North American Renewable Energy Fund, will acquire the projects in the portfolio as they achieve start of construction, with Unico managing construction and supporting Excelsior on long-term operations while maintaining a minority equity position.
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Akin Gump partner Dan Lynch led the team advising Excelsior. He was joined by fellow partners Matt Kapinos, John Marciano and Tom Dupuis; senior counsel Jennifer Wnek; counsel Sam Guthrie; and associates Nicole Scott, Hayden Harms and Sharanyaa Kruti Vasan.