Four Decades for Justice
Cravath has a breadth of expertise across the renewables sector, including solar, wind, hydro, energy storage, biofuels, biomass, geothermal and other emerging energy technologies. Our representation of leading industry participants in their most significant transactions, projects and disputes helps drive the expansion of U.S. and global renewable energy.
We advise strategic players, venture‑backed companies, utilities, infrastructure funds and financial institutions in the renewables and alternative energy sector in connection with joint ventures, strategic alliances, financing transactions and the acquisition and disposition of assets and companies. Our representation also includes providing legal expertise and commercial advice to conventional energy companies developing or expanding their alternative energy and renewables businesses. This includes assisting our clients in connection with green bonds and other sustainability‑linked financing transactions as well as complex financing arrangements for renewables projects involving debt, equity and lease transactions. Our lawyers employ a collaborative approach, drawing upon our expertise across a wide range of practices to navigate issues arising from U.S. and international tax, regulatory, environmental, ESG, real estate, intellectual property and restructuring matters related to renewables and alternative energy.
Our litigators advise clients in the renewables and alternative energy sector on a wide range of issues, including securities and derivative claims, intellectual property litigation and other commercial disputes, as well as with respect to corporate decision‑making and contested mergers and acquisitions. Our team possesses a deep understanding of the issues companies of all sizes face within this quickly evolving industry, and we provide counsel throughout the litigation lifecycle, including trying high‑profile cases as well as representing clients in internal and government investigations.
We advise strategic players, venture‑backed companies, utilities, infrastructure funds and financial institutions in the renewables and alternative energy sector in connection with joint ventures, strategic alliances, financing transactions and the acquisition and disposition of assets and companies. Our representation also includes providing legal expertise and commercial advice to conventional energy companies developing or expanding their alternative energy and renewables businesses. This includes assisting our clients in connection with green bonds and other sustainability‑linked financing transactions as well as complex financing arrangements for renewables projects involving debt, equity and lease transactions. Our lawyers employ a collaborative approach, drawing upon our expertise across a wide range of practices to navigate issues arising from U.S. and international tax, regulatory, environmental, ESG, real estate, intellectual property and restructuring matters related to renewables and alternative energy.
Our litigators advise clients in the renewables and alternative energy sector on a wide range of issues, including securities and derivative claims, intellectual property litigation and other commercial disputes, as well as with respect to corporate decision‑making and contested mergers and acquisitions. Our team possesses a deep understanding of the issues companies of all sizes face within this quickly evolving industry, and we provide counsel throughout the litigation lifecycle, including trying high‑profile cases as well as representing clients in internal and government investigations.
Deals & Cases
April 04, 2024
Cravath represented the initial purchasers in connection with the $750 million 144A/Reg. S high‑yield senior green notes offering of Alcoa Nederland Holding B.V., a wholly owned subsidiary of Alcoa Corporation, a global industry leader in the production of bauxite, alumina and aluminum products. The transaction closed on March 21, 2024.
Deals & Cases
January 29, 2024
On January 29, 2024, Montana Technologies LLC (“Montana Technologies”) announced an agreement to form a joint venture with GE Vernova, a global leader in electrification, decarbonization, and energy solutions, to incorporate GE Vernova’s proprietary sorbent materials into systems that utilize Montana Technologies’ patented AirJoule® dehumidification, air conditioning, and atmospheric water harvesting technology. The joint venture will exclusively manufacture and supply products incorporating the combined technologies to leading original equipment manufacturers and customers in the Americas, Africa, and Australia. Cravath is representing Montana Technologies in connection with the transaction.
Deals & Cases
November 20, 2023
On November 14, 2023, engineering and technology company Technip Energies announced the launch of Reju, a company focused on PET (Polyethylene terephthalate) recycling of textiles that will leverage technology co‑developed in a joint venture with IBM and Under Armour. IBM, Under Armour and Technip Energies have been working together since 2021 to bring VolCat, an IBM technology for rejuvenating waste PET packaging and polyester, to an industrial scale. VolCat allows the selective breakdown of polymers which IBM first applied to technologies like semiconductor lithography and microelectronics packaging, which Reju intends to use to address hard‑to‑recycle polyester garments and PET packaging lost to the waste stream. Cravath is representing IBM in connection with the joint venture and matters relating to the establishment of Reju.
Deals & Cases
November 06, 2023
Cravath represented the underwriters in connection with the $2 billion registered fixed‑to‑floating rate green notes and $5.25 billion registered fixed-to-floating rate notes offering of JPMorgan Chase & Co., a leading global financial services firm. The transaction closed on October 23, 2023.
Deals & Cases
July 10, 2023
Cravath represented First Solar, Inc. in connection with its $1 billion senior secured revolving credit facility. First Solar, Inc. is a leading American solar technology company and global provider of comprehensive PV solar energy solutions. The transaction closed on June 30, 2023.
Activities & Publications
April 11, 2024
On April 10, 2024, Cravath partner and former Commissioner and Acting Chairman of the U.S. Securities and Exchange Commission Elad Roisman testified before the United States House Financial Services Committee. The hearing focused on the U.S. Securities and Exchange Commission’s recently adopted final rules requiring climate‑related disclosures for public companies and their potential impact on American markets.
Activities & Publications
April 09, 2024
On April 5, 2024, the Harvard Law School (HLS) Forum on Corporate Governance published an article written by Cravath partners John W. White, Matthew Morreale, Elad Roisman, Michael L. Arnold and Kimberley S. Drexler entitled “A Deeper Dive into the SEC’s Landmark Climate Disclosure Rules for Public Companies.” The article examines the U.S. Securities and Exchange Commission’s recently adopted final rules requiring climate‑related disclosures for public companies, outlining key takeaways of the final rules and the timeline for compliance. The article was originally prepared by Cravath as part of a longer memo for clients in March 2024.
Activities & Publications
April 08, 2024
On April 4, 2024, Cravath partner John W. White participated in “New SEC Developments – Climate Disclosure,” an event hosted by NYU School of Law’s Institute for Corporate Governance & Finance in New York. John spoke on a panel which reviewed the content of the U.S. Securities and Exchange Commission’s recently adopted final rules requiring climate‑related disclosures for public companies, analyzed the SEC’s stay of those rules and explored practical advice for companies and their boards as they prepare to comply with the new rules.
Activities & Publications
April 05, 2024
On April 4, 2024, Cravath partner Michael L. Arnold participated in the American Bar Association’s 2024 Business Law Section Spring Meeting, which was held from April 4‑6, 2024, virtually and in Orlando, FL. Michael chaired a panel entitled “Putting More ‘E’ in ESG Disclosure: Latest Developments in Climate‑Related Disclosure,” which reviewed the latest developments in mandatory and voluntary climate‑related disclosure regimes, including the rules from the SEC requiring climate disclosures from public companies and developments in California, Europe and in private ordering.
Activities & Publications
March 29, 2024
On March 27, 2024, Cravath partner Michael L. Arnold participated in a webinar entitled “SEC Climate Rule & Materiality: Great in Principle, Harder to Apply in Practice,” which was hosted by Socialsuite. The virtual panel reviewed the key components of the U.S. Securities and Exchange Commission’s recently adopted final rules requiring climate‑related disclosures for public companies, as well as how to apply the principle of materiality to determine if companies are required to disclose under the rules.
Deals & Cases
April 04, 2024
Cravath represented the initial purchasers in connection with the $750 million 144A/Reg. S high‑yield senior green notes offering of Alcoa Nederland Holding B.V., a wholly owned subsidiary of Alcoa Corporation, a global industry leader in the production of bauxite, alumina and aluminum products. The transaction closed on March 21, 2024.
Deals & Cases
January 29, 2024
On January 29, 2024, Montana Technologies LLC (“Montana Technologies”) announced an agreement to form a joint venture with GE Vernova, a global leader in electrification, decarbonization, and energy solutions, to incorporate GE Vernova’s proprietary sorbent materials into systems that utilize Montana Technologies’ patented AirJoule® dehumidification, air conditioning, and atmospheric water harvesting technology. The joint venture will exclusively manufacture and supply products incorporating the combined technologies to leading original equipment manufacturers and customers in the Americas, Africa, and Australia. Cravath is representing Montana Technologies in connection with the transaction.
Deals & Cases
November 20, 2023
On November 14, 2023, engineering and technology company Technip Energies announced the launch of Reju, a company focused on PET (Polyethylene terephthalate) recycling of textiles that will leverage technology co‑developed in a joint venture with IBM and Under Armour. IBM, Under Armour and Technip Energies have been working together since 2021 to bring VolCat, an IBM technology for rejuvenating waste PET packaging and polyester, to an industrial scale. VolCat allows the selective breakdown of polymers which IBM first applied to technologies like semiconductor lithography and microelectronics packaging, which Reju intends to use to address hard‑to‑recycle polyester garments and PET packaging lost to the waste stream. Cravath is representing IBM in connection with the joint venture and matters relating to the establishment of Reju.
Deals & Cases
November 06, 2023
Cravath represented the underwriters in connection with the $2 billion registered fixed‑to‑floating rate green notes and $5.25 billion registered fixed-to-floating rate notes offering of JPMorgan Chase & Co., a leading global financial services firm. The transaction closed on October 23, 2023.
Deals & Cases
July 10, 2023
Cravath represented First Solar, Inc. in connection with its $1 billion senior secured revolving credit facility. First Solar, Inc. is a leading American solar technology company and global provider of comprehensive PV solar energy solutions. The transaction closed on June 30, 2023.
Activities & Publications
April 11, 2024
On April 10, 2024, Cravath partner and former Commissioner and Acting Chairman of the U.S. Securities and Exchange Commission Elad Roisman testified before the United States House Financial Services Committee. The hearing focused on the U.S. Securities and Exchange Commission’s recently adopted final rules requiring climate‑related disclosures for public companies and their potential impact on American markets.
Activities & Publications
April 09, 2024
On April 5, 2024, the Harvard Law School (HLS) Forum on Corporate Governance published an article written by Cravath partners John W. White, Matthew Morreale, Elad Roisman, Michael L. Arnold and Kimberley S. Drexler entitled “A Deeper Dive into the SEC’s Landmark Climate Disclosure Rules for Public Companies.” The article examines the U.S. Securities and Exchange Commission’s recently adopted final rules requiring climate‑related disclosures for public companies, outlining key takeaways of the final rules and the timeline for compliance. The article was originally prepared by Cravath as part of a longer memo for clients in March 2024.
Activities & Publications
April 08, 2024
On April 4, 2024, Cravath partner John W. White participated in “New SEC Developments – Climate Disclosure,” an event hosted by NYU School of Law’s Institute for Corporate Governance & Finance in New York. John spoke on a panel which reviewed the content of the U.S. Securities and Exchange Commission’s recently adopted final rules requiring climate‑related disclosures for public companies, analyzed the SEC’s stay of those rules and explored practical advice for companies and their boards as they prepare to comply with the new rules.
Activities & Publications
April 05, 2024
On April 4, 2024, Cravath partner Michael L. Arnold participated in the American Bar Association’s 2024 Business Law Section Spring Meeting, which was held from April 4‑6, 2024, virtually and in Orlando, FL. Michael chaired a panel entitled “Putting More ‘E’ in ESG Disclosure: Latest Developments in Climate‑Related Disclosure,” which reviewed the latest developments in mandatory and voluntary climate‑related disclosure regimes, including the rules from the SEC requiring climate disclosures from public companies and developments in California, Europe and in private ordering.
Activities & Publications
March 29, 2024
On March 27, 2024, Cravath partner Michael L. Arnold participated in a webinar entitled “SEC Climate Rule & Materiality: Great in Principle, Harder to Apply in Practice,” which was hosted by Socialsuite. The virtual panel reviewed the key components of the U.S. Securities and Exchange Commission’s recently adopted final rules requiring climate‑related disclosures for public companies, as well as how to apply the principle of materiality to determine if companies are required to disclose under the rules.
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