Pillsbury Advises Israel-headquartered Shikun & Binui on Purchase of 108MW California Solar Portfolio
Led by Mona Dajani, the Global Co-Head of the firm’s Energy & Infrastructure Projects team, a team of Pillsbury lawyers represented Shikun & Binui (S&B) USA Energy in its purchase from Capital Dynamics of 108MW in California of a solar portfolio consisting of two projects: Beacon II (59.6 MWdc) and Beacon V (48.2 MWdc).
TortoiseEcofin partnered with S&B on the purchase – each acquiring a 49.5% stake in the Beacon portfolio in Kern County, consisting of the Beacon II and Beacon V solar projects.
Capital Dynamics will retain a 1% stake in the Beacon portfolio. Capital Dynamics acquired the Beacon projects from SunEdison in 2016.
Along with Mona Dajani, the Pillsbury team included tax partner Jorge Medina counsels Shellka Arora-Cox and Matthew Rabinowitz and associates Christian Scarlett and Marissa Prieto.
