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Vinson & Elkins Advises Palmetto Solar in Puerto Rican Solar Project

Deals & Cases
July 22, 2024
Deals & Cases
July 22, 2024

Vinson & Elkins is advising Palmetto Solar, a leading climate technology company accelerating the adoption of clean energy, in connection with a project to facilitate the installation of residential solar and battery storage systems for disadvantaged Puerto Rican households.

Installation will begin in August of 2024.

Palmetto is partnering with Generac Power Systems, which was awarded a grant of up to $200 million from the U.S. Department of Energy (“DOE”), as part of the Puerto Rico Energy Resilience Fund — a program investing in renewable and resilient energy infrastructure in Puerto Rico. Under the program, Palmetto will own and operate thousands of residential solar and battery systems in low-income communities in Puerto Rico.

The Vinson & Elkins team is led by partner Jorge Medina, with assistance from partners John Decker and Jamie Tabb.

 

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 13 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.

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Key Contacts

Partner
Jorge Medina