Insights
Firm News

Farella Braun + Martel Represents First Solar in Significant Solar Farm Acquisition

November 9, 2009 Announcement

SAN FRANCISCO, Nov. 9, 2009:  Farella Braun + Martel represented Topaz Solar Farms LLC, a subsidiary of First Solar, Inc., in its acquisition of the Carrizo Solar Energy Farm, a planned solar project by Ausra, Inc. in San Luis Obispo County, Calif.  The deal enhances First Solar's Topaz Solar Farm project development assets, including land options, on the Carrizo Plain.  This acquisition will help First Solar secure regulatory approval for its nearby 550-megawatt, 4,200-acre solar farm called the Topaz Solar Farm project.

"The acquisition of the project assets of the Carrizo Solar Energy Farm, including the land options, will help First Solar secure the County's approval for the Topaz Solar Farm," said David Stoll, a partner at Farella Braun + Martel.  "The acquisition provides First Solar with more prime land to work with for its Topaz Solar Farm and reduces the overall development impact on the County."

As a result of this deal, First Solar will be able to offer a reconfigured Topaz Solar Farm site plan for consideration with reduced impacts on issues of concern, such as preserving farmland, water usage and wildlife.

Farella's involvement in the Topaz Solar Farm project dates back to its origins with OptiSolar, which sold its project portfolio to First Solar in March.  The firm's legal team for First Solar's Carrizo Plain acquisition included Corporate Partners David Stoll and Philip Peters, Corporate Associates Ryan Lowther and Philip Milestone, Environmental Law Partners David Lazerwitz and John Gregory, and Real Estate Senior Associate Karen Jue.

Farella Braun + Martel represents clients throughout the United States and abroad in sophisticated business transactions and high-stakes commercial, civil and criminal litigation. Founded in 1962, the firm is headquartered in San Francisco and maintains an office in the Napa Valley focused on the wine industry. Farella Braun + Martel lawyers are known for their imaginative legal solutions, dynamism and intellectual creativity. With an unwavering service ethic and interdisciplinary team approach, the firm is committed to advancing clients' objectives in the most effective, coordinated and efficient manner. Farella Braun + Martel is a green business.

Contacts:

Melinda Hepp / Traci Stuart
Blattel Communications
415.397.4811
[email protected] / [email protected]

Cheryl Loof
Farella Braun + Martel LLP
415.954.4433
[email protected]

Firm Highlights

Publication

Battery Energy Storage Systems Integrated in Solar Facilities To Receive Tax Incentives

Intermittency is one of the largest issues impeding increased reliance on energy from utility-scale renewable energy generation sources such as wind and solar. Battery energy storage systems (“BESSs”) can alleviate concerns related to intermittency...

Read More
Publication

Engineering, Procurement and Construction Agreements for Utility-Scale Battery Projects

The negotiation of an engineering, procurement and construction (EPC) agreement for a battery energy storage systems (BESS) project typically surfaces many of the same contractual risk allocation issues that one encounters in the negotiation...

Read More
Publication

Battery Energy Storage Systems Series

The increasing mandates and incentives for the rapid deployment of energy storage are resulting in a boom in the deployment of utility-scale battery energy storage systems (BESS), presenting both challenges and opportunities for energy developers...

Read More
Publication

PG&E Bankruptcy: Lessons Learned and a Path Forward

Farella's Unplugged Renewable Energy Series features Nick Moore (moderator) and Gary Kaplan (panelist) discussing "PG&E Bankruptcy: Lessons Learned and a Path Forward." The California power giant, PG&E, has emerged from the country’s largest utility bankruptcy proceeding as...

Read More
News

How the Energy Transition Is Affecting the EPC Business

Mike Ginsburg was quoted in the Legal and Policy Considerations section of the  POWER  magazine article, "How the Energy Transition Is Affecting the EPC Business," outlining key trends affecting the EPC business. Read the...

Read More
Publication

What to Know About Taking a Data Center Company Public Through a SPAC

A recent IPO by InterPrivate IV Infratech Partners, a digital infrastructure-focused special purpose acquisition company, or SPAC, raised $250 million. Its impressive fundraising and management team, led by former CyrusOne CTO Kevin Timmons, may cause privately...

Read More
Publication

Top 10 Practical Business Implications Arising From the Passage of the CPRA

California’s Proposition 24 passed as expected, and the new California Privacy Rights Act will change the privacy landscape created by the California Consumer Protection Act (CCPA), which went into effect only months ago. While...

Read More
Publication

Breaking up the Patent Monopoly for the Benefit of Batteries

The patent monopoly is at odds with the global need for battery storage technology. As the world mobilizes towards climate change solutions, companies with battery patents will face increasing pressure to share this critical...

Read More
News

Farella Represents Catalyze in Its Acquisition of PermaCity

Northern California legal powerhouse Farella Braun + Martel represented leading national independent power producer Catalyze  as due diligence counsel in its acquisition of solar developer and installer  PermaCity . Based in Boulder, Colorado, Catalyze...

Read More
News

Plan for Off-Shore Turbines Likely To Generate Many Billable Hours

David Lazerwitz provided commentary in the Daily Journal article "Plan for Off-Shore Turbines Likely To Generate Many Billable Hours."  In the article, David noted that we are still a long way from actually developing...

Read More