Holland & Hart advised Copia Power (Copia), an energy transition company committed to developing, constructing, and owning large-scale infrastructure assets in the US, on its recently announced execution of a $1.71 billion debt facility to fund the construction of its Maricopa Energy Center projects in Maricopa County, AZ. Lenders provided a commitment for a construction loan, term loan, and letters of credit.
The Maricopa Energy Center projects consist of 550 MW of solar generating capacity and 2,200 MWh of battery energy storage capacity. The project is being constructed in two phases, which have both executed Power Purchase Agreements with Arizona Public Service and are scheduled to reach commercial operation in 2026-2027. Once operational, Maricopa will be the single largest energy transition power generation project in Arizona.
For more information, please see Copia’s press release.
The Holland & Hart real estate team was led by renewable energy partner Adrienne Bell, with assistance from Eben Clark, Addison Fairchild, Dickie Chazotsang, Melissa Reynolds, Andy LeMieux, Ben MacKenzie, Chelsea Marx, and Conor Willardson.
The firm’s Renewable Energy and Storage team has been at the vanguard of the renewable energy industry for decades and serves clients in the ever-changing, complex clean energy market. The team brings specialized experience in renewable energy and storage project finance and development to this dynamic market. We help clients capitalize on existing solar, wind, hydro, geothermal, and other renewable energy technologies in addition to battery storage technologies—as well as innovative new energy opportunities—as part of the global transition to a clean energy economy.