Noreen Phelan is a partner in Sidley Austin’s energy group. She has extensive experience representing energy clients in complex equity and debt financings, project development, project and portfolio acquisitions and divestitures, joint ventures and other investment arrangements. Noreen counsels market leading private equity and strategic investors, governmental entities and major developers in connection with wind, solar, hydroelectric and other alternative energy projects and conventional power generation facilities in all stages of their life cycle. Select representative matters include: representation of I Squared Capital in the sales of Lincoln Clean Energy to Orsted and of its hydropower platform, Cube Hydro Partners, to Ontario Power Generation for over $2 billion combined; representation of GE Energy Financial Services and BHE Renewables in several recent tax equity financings of greenfield and repowered wind projects; and representation of a strategic investor in its sale of a portfolio of tax equity and cash equity interests in 24 wind generation facilities with an aggregate capacity in excess of 3 GWs.
Co-Author, “Renewable Energy Finally Coming of Age,” The National Law Journal (April 2015)