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Josh Heideman
Josh Heideman
Partner — Energy Transactions & Projects
Partner — Energy Transactions & Projects

Josh Heideman

Josh Heideman
Los Angeles

Two California Plaza
350 South Grand Avenue
Suite 2100
Los Angeles, California 90071

Josh Heideman

Experience Highlights

  • Renewable project sponsor/developer in the $150 million tax equity financing and $90 million ITC transfers to fund approximately $450 million in residential solar assets across 35 states; this is the first hybrid tax equity transaction to employ a combined representation and warranty and tax insurance policy covering a tax equity investor and multiple tax credit purchasers within a single policy

  • MN8 Energy (f/k/a Goldman Sachs Renewable Power) in the (i) acquisition from Recurrent Energy (ii) project development, (iii) construction and term debt financing, and (iv) tax equity financing of a 300MW solar photovoltaic (PV) plus 140.25MW/561MWh storage project in California; which will sell power pursuant to 5 separate power purchase agreements, 4 of which include energy storage

  • Tax equity investor in its approximately $320 million commitment to a portfolio of two solar projects in Arizona and Virginia totaling 355 MW and including 100 MW of storage, representing one of the first tax equity financings of a battery energy storage asset for this investor

  • MN8 Energy (f/k/a Goldman Sachs Renewable Power) in the tax equity financing of the High Desert project, which consists of a 100-MW solar photovoltaic (PV) plant and a 50-MW battery storage facility, in San Bernardino County, California

  • Long Ridge Energy Terminal, a portfolio company of Fortress Investment Group, in the execution of a definitive agreement for the investment in and development of a low carbon, biodegradable plastics production facility in Hannibal, Ohio with Newlight Technologies

  • ioneer ltd, in their execution of lithium offtake agreements with (i) Ford Motor Company and (ii) PPES, a joint venture between Toyota and Panasonic, for the manufacture of batteries for electric vehicles, in connection with its development of its flagship Rhyolite Ridge Lithium-Boron Project located in Nevada

  • Tax equity investor in the tax equity financing for a repowering of a 220 MW wind farm located in Refugio County, Texas

  • A leading public renewable energy sponsor, in the (i) construction and term debt financing and (ii) tax equity financing of a 192 MW solar project in Kern County, California, with PPAs servicing two community choice aggregators and a municipality

  • A leading solar developer in connection with a sale of its operating asset portfolio and then in a subsequent transaction the sale of its development portfolio and sale of the company

  • Numerous tax equity investors in their initial investments in utility scale wind, solar, and storage projects including—with respect to solar and storage—commercial, industrial, and residential assets, utilizing partnership flip transactions, sale leaseback, and inverted lease structures

  • Tax equity investor in its approximately $130 million commitment in a 285 MWdc solar project in Muscle Shoals, Alabama; its approximately $125 million commitment in a 260 MWdc solar project in Brown County, Ohio; its approximately $90 million investment in a 128 MWdc solar project in Beaver County, Utah; and its approximately $190 million tax equity investment in a 315 MWdc solar project in Winkler County, Texas

  • Tax equity investor in its approximately $200 million investment in a 200 MW utility-scale, four-project solar portfolio in California, which was one of the first tax equity financings involving a community choice aggregator

  • Tax equity investor in its approximately $430 million tax equity investment in a 344 MW utility-scale, three-project solar portfolio in Nevada and Arizona, the first tax equity financing for a large California utility

  • Cypress Creek in a mezzanine debt facility, a preferred equity issuance, and recapitalization intended to optimize its capital structure as part of its long-term growth strategy

  • Tax equity investors and sponsors in the financing of numerous solar and wind projects selling power to Community Choice Aggregators

  • A leading public solar developer in a 200 million mezzanine debt facility, used as a rescue financing after a failed acquisition bid from another public solar company

  • A leading public solar developer in various working capital, borrowing base, term loan, and back-leverage financings secured by various residential solar assets and securitized products

Credentials

  • New York University School of Law, J.D., 2006
  • University of Southern California, B.A., 2003
  • Chambers USA, “Up and Coming” in Projects: Renewables & Alternative Energy (Nationwide), 2024
  • Legal 500 U.S., Energy: Renewable/Alternative Power, 2024; Finance: Project Finance, 2024
  • The Best Lawyers in America© (BL Rankings, LLC), “Ones to Watch,” Energy Law (Los Angeles), 2021–2024
  • Selected to the 500 Leading Energy Lawyers, Lawdragon, 2023 and 2024
  • California
  • “Structuring for Tax Equity: Credit Basics and M&A Considerations,” Houston Bar Association Taxation Section Monthly CLE, Houston, Texas, May 18, 2022 (co-speaker)