NEW YORK – Jan. 5, 2024 – Global law firm Greenberg Traurig, LLP represented impact investment firm Enhanced Capital in one of the first syndicated investment tax credits (ITCs) transfer deals in the market. The seller was Key Capture Energy, LLC (KCE), a leading developer, owner, and operator of battery energy storage systems in the United States. The transaction included the transfer of ITCs to a third party from three operating standalone battery energy storage projects, including two in Texas and one New York with a total capacity of 120 MW.
The two operating projects in Texas, KCE TX 19 and KCE TX 21 in Williamson County, total 100 MW, and the project in New York, KCE NY 6 in Erie County, is a 20 MW project.
The team from Greenberg Traurig was led by Energy & Natural Resources Shareholder April B. Kim in Orange County and Associate Andrés A. Vega in Washington, D.C. The team also included Shareholders David Edington in Las Vegas and Gregory K. Lawrence in Boston.
About Greenberg Traurig’s Energy & Natural Resources Practice: Greenberg Traurig’s Energy & Natural Resources Practice has broad transactional, regulatory, and litigation experience across the energy industry, including oil and gas, LNG, electricity, coal, wind, solar and other renewable energy sources, and water. The firm’s exceptional multi-office platform, including key offices in major energy centers, enables us to serve and implement legal strategies for energy clients throughout the U.S. and internationally.
About Greenberg Traurig: Greenberg Traurig, LLP has more than 2650 attorneys in 47 locations in the United States, Europe and the Middle East, Latin America, and Asia. The firm is a 2022 BTI “Highly Recommended Law Firm” for superior client service and is consistently among the top firms on the Am Law Global 100 and NLJ 500. Greenberg Traurig is Mansfield Rule 6.0 Certified Plus by The Diversity Lab. The firm is recognized for powering its U.S. offices with 100% renewable energy as certified by the Center for Resource Solutions Green-e® Energy program and is a member of the U.S. EPA’s Green Power Partnership Program. The firm is known for its philanthropic giving, innovation, diversity, and pro bono. Web: www.gtlaw.com.