Linklaters represents C2 Energy Capital in the financing of the first tranche of 46 solar projects to be constructed at Walmart stores across the United States
Linklaters has represented C2 Capital Energy, a registered investment advisor focused on renewable energy asset development, investment and operation, in connection with the structuring of the construction and permanent financing for a portfolio of photovoltaic solar projects to be constructed at Walmart stores across the United States.
The solar installations at 15 Walmart stores in New Jersey and Arizona will provide between 10-60% of each Walmart store’s overall electricity use and are part of a broader solar generation portfolio being developed by C2 Energy Capital to be installed on Walmart locations throughout the United States. The projects are part of Walmart’s goal to be supplied globally with 50% renewable energy by 2025.
Linklaters’ Co-Head of the US Finance Practice, Margot Schonholtz, and Energy and Infrastructure counsel Andrew Compton led the team, along with associates April Kent and Nandy Millette. Jonathan Ching, a partner in the US Finance Practice with a focus on structured finance matters assisted C2 Energy Capital with hedging matters on the transaction.