Boston – Boston law firm Sherin and Lodgen LLP announced that its Renewable Energy Group represented lender Cambridge Trust Company in the financing of the acquisition of a solar facility to an affiliate of Sea Oak Capital.
The 2 MW community solar portfolio, located in Pawlet, Vermont, was acquired by Sea Oak from MHG Solar. The acquisition was the first solar project in Vermont for both Cambridge Trust and Sea Oak, benefitting from the Vermont Group Net Metering program.
The Sherin and Lodgen team was led by Beth A. Goldstein, Chair of the Renewable Energy Group, and included associate Tanya M. Larrabee. Additionally, the firm assisted Sea Oak in preliminary due diligence in connection with Sea Oak’s readiness to acquire the project from MHG.
Goldstein is also a partner in the firm’s Real Estate Department. As a seasoned real estate attorney, she engages in complex renewable energy transactions including construction and permanent financing of clean energy facilities, permitting, development, and leasing for solar and battery energy storage projects, energy regulatory issues, and transactions involving the purchase and sale of renewable energy projects. As an associate at the firm, Larrabee represents renewable energy clients in the acquisition, development and financing of solar, wind and energy storage projects, including advising on state incentive programs.
The national Renewable Energy Practice Group at Sherin and Lodgen represents lenders, developers, municipalities, and companies committed to sustainability through solar, wind, hydro, and energy storage initiatives. Clients rely on our experience in financing, development, acquisition, leasing, environmental, and permitting to navigate this ever-changing market and accomplish their business goals. The group has particular experience assisting lenders in navigating the Solar Massachusetts Renewable Target (SMART) program.
