Daniel P. Sinaiko

Mr. Sinaiko’s experience includes advising: 

Tax Equity Financings

Investors

• Tax equity investors on negotiating and consummating commitments to purchase commercial and residential solar projects aggregating to more than US$500 million* 
• A global investment fund manager on tax equity financing of 200 MW portfolio of solar projects in the Northeastern US* 

Sponsors

• TotalEnergies Renewables USA on the tax equity financing for the 720 MWac PV/225MWh battery storage Danish Fields project in Brazilian County, Texas, TotalEnergies’ largest solar farm in the US and the first tax equity facility to integrate both investment tax credits and production tax credits*
• Orsted on tax equity financing from Berkshire Hathaway for the 298 MW Haystack Wind project in Wayne County, Nebraska*
• Clearway Energy Group on tax equity commitments from Bank of America and JP Morgan in connection with the 482 MWac PV/ 1,120 MWh energy storage Daggett Solar Plus Storage project in San Bernardino County, California, California's largest solar plus storage project*

Mergers & Acquisitions

Corporate

• Aspen Power Partners on acquiring Safari Energy, a national developer of commercial and industrial scale solar energy projects with an operating portfolio of over 600 projects in 24 states and a 224 MW development pipeline, from Philadelphia Power and Light*
• Carlyle Investment Management on the merger of Birch Infrastructure’s renewable energy business into its Copia Power platform to create an integrated development platform for solar and energy storage projects in the United States*
• Crayhill Capital on US$100 million and US$125 million co-investment rounds into its Sunraycer solar development business* 

Project

• Clearway Energy Group in the US$950 million disposition of 1.6 GW portfolio of renewable energy projects to a partnership between Hannon Armstrong and Clearway Energy, Inc.* 
• Copia Power on acquiring the 750 MW Centennial Flats solar plus storage project in La Paz County, Arizona*
• SunPower on the Hannon Armstrong “SunStrong Capital Holdings” joint venture, facilitating the deconsolidation and optimization cash flows of SunPower’s entire residential solar lease portfolio, including multiple mezzanine loan facilities and refinancing existing back-leverage facilities through a US$400 million asset-backed securitization*

Debt Finance

Lenders

• Voya Investment Management on a mezzanine loan to Primergy Solar in connection with the 690 MWac PV/1,416 MWh battery storage Gemini Solar & Storage Project in Clark County Nevada, the largest single phase solar and battery storage project in the US; the loan was part of a US$1.9 billion package of debt and tax equity financing and the project was recognized as IJGlobal’s Renewable Energy Deal of the Year – Solar and Storage and the 2022 Infrastructure Investor Awards’ North America’s Energy Deal of the Year*
• ING Capital on construction, tax equity bridge, and term financing for the 105 MW Phoenix Solar project in Fannin County, Texas* 
• A lender on a US$100 million mezzanine financing for a portfolio of five utility-scale solar projects in Texas* 

Sponsors

• SunPower on a US$300 million project finance facility, including seniors loans from Atlas SP Partners and mezzanine financing from Hannon Armstrong, to finance portfolios of residential solar installations*
• Clearway Energy Group on a US$700 million construction to term loan financing from a consortium of commercial banks for the 452 MWac Texas Solar Nova project in Kent County, Texas*
• TotalEnergies on a US$480 million construction loan facility for the 380 MWac PV/225MWh battery storage Myrtle Solar project near Houston, Texas*

Development

Sponsors

• GlassPoint Solar on developing the 850 MWt/25 MWe Tulare Solar enhanced oil recovery project for the Belridge oilfield near Bakersfield, California, including structuring and negotiating solar energy supply, carbon credit sale, site control, construction contracting, and advice on debt and tax equity structuring*
• Project companies on negotiating 1.17 GW of wind turbine supply arrangements for the Alta Wind Energy Center in Tehachapi, California* 
• Attentive Energy, a TotalEnergies company, on negotiating a port lease for an offshore wind project*

*Matter handled prior to joining Latham