Client Deal Spotlight: Empower Energies Launches Distributed Generation Fund for PV Solar Projects

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Stoel Rives congratulates its client, Empower Energies, on the launch, together with WGL Energy Systems and a leading global strategic tax equity investor, of a Distributed Generation Fund (DG Fund) to finance photovoltaic (PV) solar projects. Empower is a “Clean Energy Portfolio Solutions” company that seeks to meet the business and sustainability objectives of industrial and commercial organizations through a mix of solar and cogeneration solutions and provides financing. WGL is an operator of distributed generation systems in 19 states and the District of Columbia. 

The DG Fund will be used to originate, develop, construct and manage rooftop, ground mount, and canopy PV solar projects for commercial and industrial customers, municipalities, universities, schools and hospitals. According to the press release on the launch of the fund: “The DG Fund enhances Empower's ability to provide customers with The Right Mix™ of financing for solar solutions that deliver on an organization's profitability, resiliency, and sustainability objectives.” 

The Stoel Rives deal team included Greg Jenner, Gary Barnum and Brant Norquist. 

To read the press release, please click here.

Key Contributors

Gary R. Barnum
Brant J. Norquist
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