Taft Acted as Legal Counsel to BrightNight in $440 Million Strategic Investment from Goldman Sachs Alternatives

Taft is pleased to have acted as lead counsel to BrightNight LLC in its successful closing of a $440 million strategic equity investment from Goldman Sach Alternatives into BrightNight's newly-formed subsidiary, BrightNight Power, LLC. The investment, combined with existing capital commitments from leading institutional investors, is expected to fully fund BrightNight's five-year business plan and advance the execution of its 31-gigawatt renewable power project portfolio, which includes solar, energy storage, and hybrid solutions. Read the release here.

Taft's legal team included Bob Hicks, Ralph Caruso, Henry Alderfer, Ivan Golden, Ben Hager, Todd Lady, Matt Secrist, Claire Burdick, Sam Huff, and Steve Marino. In addition, effective as of the closing of the transaction, Bob Hicks became a member of the Board of Directors of BrightNight Power, LLC.