Meridian Energy

Meridian Energy is the largest renewable energy electricity generator in New Zealand. I was retained by Meridian Energy Limited in its bid to acquire Cleantech America, Inc., an independent solar project developer. Meridian Energy won the bid and acquired Cleantech America (renamed Meridian Energy USA), whose assets represented 385 MW of solar projects in various stages of development. On behalf of Meridian Energy we formed a US subsidiary and negotiated and closed the purchase transaction. Also, in connection with the transaction, we engaged in extensive due diligence. The assets included, among other things, Power Purchase Agreements between PG&E and Cleantech America, EPC Contracts, Options for Ground Leases, Planning Commission Permits, Interconnection Agreements, and Environmental Site Assessments. The acquisition was wholly successful and Meridian Energy USA’s CalRENEW-1 project, which was the first utility-scale photovoltaic (PV) solar facility to be approved by the California Public Utilities Commission (CPUC) under the state’s Renewables Portfolio Standard (RPS) Program, went on to become the first to achieve approval from the California Independent System Operator (CAISO) to deliver zero-emission solar power directly to the transmission grid.
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