Porter Hedges represented EIV Capital and EIV MAS Georgia LFG in the sale of four long-term contracted landfill gas-to-energy facilities located near Atlanta. The facilities were sold for an undisclosed amount to Cube District Energy, a portfolio company managed by I Squared Capital Advisors.
One of the facilities supplies electricity, steam and chilled water to Coca-Cola, Inc. under a 20-year power purchase agreement. The other three are in late-stage construction, and will supply electricity under 20-year power purchase agreements with Georgia Power Company, the premier electric utility in the region serving more than 2.25 million customers.
EIV Capital is based in Houston, TX and is a private equity firm specializing in the energy industry.
I Squared Capital Advisors, based in New York, is an independent global infrastructure investment manager focusing on energy, utilities, and transport in North America, Europe, and select high growth economies.
The Porter Hedges team was led by corporate partner James Cowen and tax partner Jim Reardon.
For additional information, please see the I Squared Capital press release here.