L2 Counsel Advises 174 Power Global In Joint Venture with Total
Industry: Legal Services
L2 Counsel was co-counsel for 174 Power Global, a subsidiary of Hanwha Energy Corporation of Korea, in a utility scale solar and storage project joint venture with an affiliate of Total of France to produce 1.6GW of renewable energy plants.
San Francisco, CA (PRUnderground) January 27th, 2021
Solar-plus-storage developer 174 Power Global, a subsidiary of Hanwha Energy Corporation of Korea, has entered into a joint venture with an affiliate of French energy conglomerate Total, to develop utility-scale solar and storage projects with a total capacity of 1.6GW in the United States.
The plants, which are to all be completed by 2024, will be constructed in Texas, Nevada, Oregon, Wyoming, and Virginia. The projects were sourced from 174 Power Global’s strong development pipeline.
The in-house legal team at 174 Power Global was led by general counsel Carolyn Byun and vice president of legal Pauline Ung. L2 Counsel, P.C. was co-counsel for 174 Power Global, together with Amis Patel & Brewer, Stoel Rives and DLA Piper. The L2 Counsel team was led by Louis Lehot, alongside Natasha Allen and Nicole Hatcher.
Louis Lehot of L2 Counsel, said, “We are excited to be a part of what is a significant step for the renewables and storage market.”
About L2Counsel
L2 Counsel, P.C. is an elite boutique law firm based in Silicon Valley designed to serve entrepreneurs, innovative companies, and investors with sound legal strategies and solutions.
About Louis Lehot
L2 Counsel was founded by Louis Lehot, a corporate, securities, and M & A lawyer who helps clients, whether they be public or private companies, financial sponsors, venture capitalists, investors, or investment banks, in forming, financing, governing, buying, and selling companies. Louis is praised by clients, colleagues and industry guides for his business acumen, legal expertise and leadership in the global Silicon Valley.
About 174 Power Global
174 Power Global is a leading solar and energy storage project developer focused on North America’s utility and C&I energy markets. The company is wholly owned by the Hanwha Group, and has offices in Houston, Irvine, California and New York City. With deep expertise across the full spectrum of the project development cycle, 174 Power Global works closely with utilities,landowners, local communities, financial investors, and other partners to build highly productive, utility scale and C&I solar power plants throughout North America. Since its formation in 2017, 174 Power Global has signed over 3 gigawatts (GW) of power purchase agreements (PPAs) with more than 8 GW of additional solar projects and 10GWh of ESS projects in the
development pipeline.
About Total
Total is a broad energy company that produces and markets fuels, natural gas and electricity. Our 100,000 employees are committed to better energy that is more affordable, more reliable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.
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Elizabeth Lampert PR
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About L2Counsel
Louis Lehot is a partner and business lawyer with Foley & Lardner LLP, based in the firm’s Silicon Valley, San Francisco and Los Angeles offices, where he is a member of the Private Equity & Venture Capital, M&A and Transactions Practices and the Technology, Health Care, and Energy Industry Teams. Louis focuses his practice on advising entrepreneurs and their management teams, investors and financial advisors at all stages of growth, from garage to global. Louis especially enjoys being able to help his clients achieve hyper-growth, go public and to successfully obtain optimal liquidity events. Prior to joining Foley, Louis was the founder of a Silicon Valley boutique law firm called L2 Counsel.
