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Sheppard Mullin Recognized Among Proximo’s 2021 Deals of the Year


Sheppard Mullin’s Energy, Infrastructure and Project Finance team was awarded North America Onshore Wind Deal of the Year for the Shepherds Flat repowering project. The firm represented the sponsor of the project, Brookfield Renewable Partners, in the financing of the 845 MW Shepherds Flat wind farm complex, located in Arlington, Oregon.

According to Proximo, the Shepherds Flat project is “the repowering of what was once the largest wind farm in the US, and its sponsor’s ability to finance that repowering around an existing PPA and an existing complex debt structure, should serve as an inspiration to other owners of mature wind assets.” Of the project’s distinctiveness, Proximo adds, “The structural complexity attached to US renewables makes incremental financings like the Shepherds Flat repowering challenging. And the Shepherds Flat construction financing was already complex enough. The success of Brookfield’s 2021 debt package should be followed by a shot of much more straightforward imitators.”

The Sheppard Mullin team members that represented Brookfield Renewable Partners included Katherine Gillespie, Elliot Hinds, Amit Kalra, Anthony Sensoli, Daniel Knudsen, Megan La Tronica, Sarah Ben-Moussa and Alex Niebling.

Click here to read Proximo’s profile on the deal.

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