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2022WIND

+UTILITY

SCALE

SOLAR

+STORAGEMarket

OverviewJeff

ChesterGlobalCo-Head

ofEnergyProjectFinanceJeffrey

Chester

|jeff.chester@

|+1

(310)

428-4598March

13,

2023About

GTGreenberg

Traurig,

LLP

(GT)

hasmore

than

2,650

attorneys

in

44locations

in

the

United

States,Europe,

Latin

America,

Asia,

andthe

Middle

East.

GT

has

beenrecognized

for

its

philanthropicgiving,

diversity,

and

pro

bono.

Thefirm

has

reported

gross

revenue

ofover

$2

billion.

GT

is

consistentlyamong

the

top

firms

on

the

AmLaw

100,

Am

Law

Global

100,

NLJ250,

and

Law360

(US)400.The

firm

is

net

carbon

neutral

withrespect

to

its

office

energy

usageand

Mansfield

Rule

5.0

Certified.?2023Greenberg

Traurig,

LLP2New

U.S.

Wind

Power

Capacity8,612

MW

Installed

in

2022MontanaMinnesota366245Maine20South

DakotaOregon304210Michigan72Iowa484Nebraska596Illinois120Colorado145California72Oklahoma1,452NewMexico235Texas4,186>500>250

-500100

-250<100Source:

ACP?2023Greenberg

Traurig,

LLP3New

U.S.

Utility

Scale

Solar

Power

Capacity12,589

MW

Installed

in

2022N.H.3WashingtonMinnesota22163Vermont7Maine93Wisconsin216Oregon68Idaho120Michigan154N.Y.232Mass.60Iowa141Nebraska12PennsylvaniaInd.32Illinois340OhioR.I.540Conn.90Nevada780Utah82Colorado2254N.J.30Kansas2Missouri14Kentucky50Virginia636Del.50California2,123Md.88Tennessee180NorthCarolina297Arkansas1NewMexico118D.C.1Arizona120Miss.100Ala.100Georgia388S.Carolina213La.>500Texas3,936100>100

-50050

-100<50Florida1,166Hawaii39Source:

ACP?2023Greenberg

Traurig,

LLP4Planned

Utility-Scale

Solar

PVGenerating

Capacity

DelaysSource:

U.S.

Energy

Information

Agency?2023Greenberg

Traurig,

LLP5U.S.

Annual

and

Cumulative

Clean

PowerCapacity

GrowthSource:

ACP?2023Greenberg

Traurig,

LLP6Cumulative

U.S.

Wind

Power

Capacity143,969

MW

Installed

by

Year-End

2022N.H.214WashingtonNorthDakota4,390Montana1,486Minnesota4,9463,518Vermont149Maine1,031Wisconsin737South

Dakota3,407Oregon4,233Idaho973Wyoming3,177Michigan3,231N.Y.Mass.120Iowa2,192Nebraska3,51212,817PennsylvaniaInd.3,468Illinois7,048Ohio1,1111,459R.I.79Conn.5Nevada152Utah391Colorado5,204N.J.9Kansas8,245Missouri2,435WV859KentuckyVirginia2,8240Del.2California6,117Md.191D.C.Tennessee28NorthCarolina208Oklahoma12,473Arkansas0NewMexico4,318Arizona6180Miss.0Ala.0GeorgiaS.Carolina>10,000

MWLa.0Texas40,31000>5,000

to10,000

MW3,000

to5,000

MW>1,000

to3,000

MW<

1,000

MWAK64Florida0Hawaii233Puerto

Rico125Source:

ACP?2023Greenberg

Traurig,

LLP7Cumulative

U.S.

Utility

Scale

Solar

Capacity74,079

MW

Installed

by

Year-End

2022N.H.6WashingtonNorthDakota0Montana17Minnesota1,154191Vermont139Maine378Wisconsin715South

Dakota1Oregon800Idaho362WyomingMichigan528N.Y.Mass.1,32692Iowa2591,044Nebraska43PennsylvaniaInd.674Illinois968Ohio484R.I.223283Conn.323Nevada3,814Utah1,538Colorado1,287N.J.1,036Kansas32Missouri89WV0KentuckyVirginia2,82476Del.87California17,610Md.605D.C.20Tennessee365NorthCarolina5,971Oklahoma46Arkansas325NewMexico855Arizona2,811Miss.319Ala.524Georgia3,457S.Carolina1,334>10,000

MWLa.Texas12,445125AK1>5,000

to10,000

MW3,000

to5,000

MWFlorida6,005>1,000

to3,000

MW<

1,000

MWHawaii327Puerto

Rico143Source:

ACP?2023Greenberg

Traurig,

LLP8Wind

and

Solar

Penetration

in

ERCOT?

Wind

Generation

record:

27,044

MW(May31,

2022)?

Wind

Penetration

record:

69.15

percent

(April10,

2022)?

36,909

MWof

installed

wind

capacity

as

of

December

2022?

14,806

MWof

utility-scale

installed

solar

capacity

as

of

December

2022?

2,788

MWofinstalled

battery

storage

asof

December

2022Source:

ERCOT?2023Greenberg

Traurig,

LLP9Wind

and

Solar

Penetration

in

CAISOHistorical

Peaks

(as

of

January

31,

2023)Installed

Renewable

Resources

(as

of

January

31,

2023)Source:

CAISO?2023Greenberg

Traurig,

LLP10Wind

and

Solar

Penetration

in

SPPWindPeak22,915MW10:34

p.m.

CT|February15,2022WindPenetrationRenewable

Peak88.5%10:34

p.m.

CT|February15,202223,802MW9:25p.m.

CT|March28,2022Renewable

Penetration90.2%2:42a.m.

CT|March28

&29,2022Source:

Southwest

Power

Pool?2023Greenberg

Traurig,

LLP11Real

Time

Generation

Mix3%<.01%4%.01%.01%9%12%19%26%32%16%21%42%35%4<.01%MISOFebruary

23,

2023

@4:05

pm

CTPJMFebruary

23,

2023

@2:00

pm

CTSource:

MISO

and

PJM?2023Greenberg

Traurig,

LLP12NYISO

Real

Time

Generation

MixFebruary

23,

2023

@

4:05

p.m.Central

TimeSource:

NYISO?2023Greenberg

Traurig,

LLP13In

First

Half

of

2022,

24%

of

U.S.

ElectricityGeneration

Came

From

RenewablesSource:

U.S.

Energy

Information

Agency?2023Greenberg

Traurig,

LLP14Wind

was

Second

Largest

Source

ofElectricity

on

March

29,

2022Source:

U.S.

Energy

Information

Agency?2023Greenberg

Traurig,

LLP15Wind

Energy

Penetration

in

Global

MarketsSource:

ACP?2023Greenberg

Traurig,

LLP16Investment

&

New

Capacity

Additionsfor

US

Power

GenerationSource:

WoodMackenzie?2023Greenberg

Traurig,

LLP17More

Than

Half

of

New

U.S.

Electric-Generating

Capacity

in

2023

Will

Be

SolarSource:

U.S.

Energy

Information

Agency?2023Greenberg

Traurig,

LLP18Renewable

Power

Plants

Reducing

U.S.Electricity

Generation

from

Natural

Gas

and

CoalSource:

U.S.

Energy

Information

Administration?2023Greenberg

Traurig,

LLP19Wind

and

Solar

LCOEs

(Unsubsidized)Source:

Lazard?2023Greenberg

Traurig,

LLP20U.S.

Annual

and

Cumulative

Utility

BatteryStorage

Capacity

GrowthSource:

ACP?2023Greenberg

Traurig,

LLP21Battery

Storage

2022Source:

ACP?2023Greenberg

Traurig,

LLP22Hybrid

Capacity

2022Source:

ACP?2023Greenberg

Traurig,

LLP23EV

OutlookSource:

EVAdoption?2023Greenberg

Traurig,

LLP24U.S.

Offshore

Wind

Pipeline

(40,083

MW)Source:

NREL?2023Greenberg

Traurig,

LLP25U.S.

Offshore

Locations

May

2022Source:

NREL?2023Greenberg

Traurig,

LLP26Wind

Developer

Market

ShareYear

End

2022

–

8,612

MWAmshore

Renewable

Energy

|Duke

Energy

SustainableSolutionsAVANGRIDOthers

(<200

MW)DeveloperMW2%2%4%NextEra

EnergyResourcesInvenergy2,6881,298677Northrenew

Energy

|TaaleriEnergia

Ltd.4%RWERenewables

Americas,

LLCENGIE

North

AmericaLeeward

Renewable

Energy4%602NextEraEnergyResources31%Enel

Green

Power

North

America600EDF

Renewables5%?rsted

WindPower

North

America

LLCApex

Clean

Energy

Inc.561424397380EDFRenewablesApex

CleanEnergy

Inc.5%Leeward

Renewable

EnergyNorthrenew

Energy|Taaleri

EnergiaLtd.AmshoreRenewable

Energy|DukeEnergySustainableSolutions336207?rsted

WindPower

NorthInvenergy15%America6%AVANGRID201375Enel

Green

Power

NorthAmerica7%Others

(<200

MW)ENGIE

NorthAmerica7%RWE

Renewables

Americas,LLCSource:

ACP8%?2023Greenberg

Traurig,

LLP27Utility

Scale

Solar

Developer

Market

ShareYear

End

2022

–

12,589

MWIntersectPower9%NextEraEnergyResources6%DeveloperMWOthers(<250

MW)39%Intersect

Power1,114812697578522500NextEra

EnergyResourcesDukeEnergyDukeEnergy6%Terra-Gen

LLCTerra-GenLLCFloridaPower

&Light5%Invenergy?rsted430400400351FloridaPower&LightPineGateRenewablesRecurrent

EnergyENGIE

North

AmericaCopenhagen

Infrastructure

Partners4%Invenergy4%350350?rsted3%Savion,LLCNationalGrid2%LightSource340PineGateRenewables3%Avantus2%EDFRenewablesAvantus316Recurrent

Energy3%300EDF

Renewables3%National

GridOthers

(<250

MW)279CopenhagenInfrastructurePartners3%LightSource3%Savion,

LLC3%ENGIENorthAmerica3%4,878?2023Greenberg

Traurig,

LLP28Compare

to

2003

–

1,687

Wind

MWsInstalledOtherDevelopers/Owners,

23%NextEra

(FPLEnergy),48%Avangrid

(PPM),9%Shell&Avangrid,

10%Shell,10%?2023Greenberg

Traurig,

LLP29To

p

Wind

Developers

for

the

Last

5

Years:2018

–

2022DeveloperMWNextEra

EnergyResources10,5276,5474,1382,9152,3552,2922,040Others(<1,000

MW)26%NextEra

EnergyResources19%InvenergyApex

Clean

EnergyENGIE

North

AmericaEDP

Renewables

North

AmericaEDFRenewablesClearway

Energy2%Enel

Green

PowerInvenergy12%Tradewind

Energy1,7821,7691,7341,543RWERenewablesMidAmerican

Energy2%Pattern

EnergyAVANGRIDApexClean

Energy7%?rsted3%?rsted

WindPower

North

America

LLC1,5091,2611,08314,791MidAmerican

EnergyClearway

EnergyAVANGRID3%ENGIE

North

America5%Others

(<1,000

MW)Pattern

EnergyRWERenewables3%Tradewind

Energy

EnelGreenPower3%

4%3%EDP

RenewablesNorthAmerica4%EDF

Renewables4%Source:

ACP?2023Greenberg

Traurig,

LLP30To

p

Solar

Developers

for

the

Last

5

Years:2018

–

2022NextEraEnergyResources5%FirstSolar

IntersectPowerEDF

Renewables3%4%3%DeveloperMWDukeEnergy3%NextEra

EnergyResourcesFirstSolar2,3471,6921,4141,3771,2071,202LightSource3%Intersect

PowerEDFRenewablesDukeEnergyAvantus2%Invenergy2%LightSourceAvantus1,1421,0941,043916FloridaLight

&Power2%InvenergyOthers(<650

MW)63%FPLENGIENorthAmerica2%ENGIE

North

AmericaRecurrent

Energy863856Recurrent

Energy2%D.E.

ShawRenewables

InvestmentsD.E.

ShawRenewables

Orsted850InvestmentsTerra-Gen

LLC7232%Longroad

Energy679Orsted2%Others

(<650

MW)29,430LongroadEnergy1%Terra-GenLLC2%Source:

ACP?2023Greenberg

Traurig,

LLP31To

p

U.S.

Wind

Owners:Net

Ownership

Year

End

2022Source:

ACPOwnerMWEDPRenewables

NorthNextEra

Energy22,8978,2897,3965,5565,2565,243America4%AVANGRIDMidAmerican

EnergyEDP

Renewables

North

AmericaEnel

Green

Power

North

AmericaNextEra

Energy16%AVANGRIDOthers

(<2,000

MW)6%RWERenewables

Americas,

LLC?rsted

WindPower

North

AmericaLLC44%EnelGreenPowerNorth

America4%RWE

RenewablesAmericas,

LLC4%3,043MidAmerican

Energy5%ENGIE

North

AmericaClearway

Energy

GroupEDFRenewablesPacificCorp2,9152,9052,6742,409?rsted2%Southern

Power2,3982,3392,3082,2652,12663,952ENGIENorth

America

Invenergy2%AEPRenewables1%BHE

RenewablesClearway

Energy

Group2%Pattern

EnergyGroupAEP

RenewablesPattern

EnergyGroupBHE

Renewables

Invenergy

Southern

Power

PacificCorp2%EDFRenewables2%2%2%2%2%Others

(<2,000

MW)?2023Greenberg

Traurig,LLP32To

p

U.S.

Utility

Scale

Solar

Owners:Net

Ownership

Year

End

2022FloridaPower&LightOwnerMWNextEraEnergy

Resources5%DukeEnergy4%6%NextEra

EnergyResourcesFloridaPower

&LightDukeEnergy4,7743,3912,9002,7332,0811,985ConsolidatedEdison4%GlobalAtlantic

FinancialConsolidated

EdisonGroup3%Global

AtlanticFinancial

GroupsPowersPower3%DominionEnergy1,7791,7511,7241,599Capital

DynamicsDominionEnergy2%BHE

RenewablesCapitalDynamics2%D.E.

ShawRenewable

InvestmentsClearway

Energy

GroupOthers(<1,100

MW)55%1,3951,3381,2281,2281,1901,1821,14941,283BHERenewables2%D.E.

ShawRenewableSiliconRanch

CorporationENGIE

North

AmericaHPS

InvestmentSB

EnergyInvestments2%ClearwayEnergyGroup2%Silicon

RanchCorporationLightsource2%OrstedHPS

Investment2%ENGIENorthAmerica2%Orsted2%Lightsource

SB

EnergySource:

ACP2%2%Others

(<1,100

MW)?2023Greenberg

Traurig,LLP33Energy

Storage

Owners

(End

of

2022)SouthernCaliforniaEdison3%OwnerMWJupiter

Power

LLC400394351350325260JupiterPowerLLC10%NextEra

EnergyResourcesTerra-Gen

LLCOthers(<100

MW)17%NationalGrid3%Recurrent

EnergyLSPowerNextEraEnergyResources10%Luminant

EnergyAESClean

EnergyCALPERS231230183160GoldmanSachs

&Co.3%Terra-GenLLC8%PacificGas

&ElectricAIP

ManagementKey

Capture

Energy,LLC4%Recurrent

Energy8%Key

Capture

Energy,

LLCGoldman

Sachs

&Co.National

Grid150140135112713AIP

Management4%LSPower8%Southern

California

EdisonOthers

(<100

MW)Pacific

Gas

&Electric4%LuminantEnergy6%CALPERS6%AES

Clean

Energy6%Source:

ACP?2023Greenberg

Traurig,

LLP34Annual

U.S.

P

PA

AnnouncementsSource:

ACP?2023Greenberg

Traurig,

LLP35Offtake

Arrangements2%11%UtilityPPA28%CorporatePPAUndisclosedPurchaserOtherNon-UtilityPPA59%2022Clean

Energy

CapacityOfftake

Status2022Clean

Energy

Purchase

AgreementAnnouncementsSource:

ACP?2023Greenberg

Traurig,

LLP36Clean

Energy

Buyers

2016-2022Source:

Clean

Energy

Buyers

Association

(CEBA)?2023Greenberg

Traurig,

LLP372022

Wind

&

Solar

PPAs:

Corporate

OfftakersSource:

CEBA?2023Greenberg

Traurig,LLP38Quarterly

P

PA

Price

Indices

by

ISOWindSolarSource:

LevelTen

Energy?2023Greenberg

Traurig,

LLP39Market

Share

of

Wind

TurbineManufacturers:

Installed

Capacity

2022ManufacturerMWSiemensGamesaNordexUSA8%GERenewableEnergy10%4,9122,048854VestasGERenewableVestas24%Energy58%Nordex

USASiemensGamesaTOTAL:6948,612Source:

ACP?2023Greenberg

Traurig,LLP40Turbine

Supplier

Market

Share2010

-

2022100.0%90.0%80.0%70.0%60.0%50.0%40.0%30.0%20.0%10.0%GEVestasSiemens-GamesaSiemensGamesaNordex/Acciona0.0%2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022Source:

ACP?2023Greenberg

Traurig,

LLP41Ta

x

Equity

Market

($B)25Wind

TaxEquityUtilitySolarTaxEquity2019.51812618TotalWindandUtilitySolarTaxEquity15131210.87.2109.5105108.54.584640201720182019202020212022?2023Greenberg

Traurig,LLP42Cost

of

15-Year

Debt

and

Tax

Equity

for

Utility-Scale

Wind

Projects

Over

TimeSource:

Intercontinental

Exchange

Benchmark

Administration,

BNEF,

Norton

Rose

Fulbright?2023Greenberg

Traurig,

LLP432022

Announced

Project

Finance

DebtRenewables

League

Table

–

To

p

10

LendersLendersAmount

(US$M)MUFG1,430KeyBank866Sumitomo

MitsuiBanking

Corporation

(SMBC)844NordLBU.S.Dept.ofEnergyBank

ofAmericaCoBank530504446433Siemens426342Societe

GeneraleSantander326TOTAL:

$16,270Source:

IJ

Global?2023Greenberg

Traurig,LLP442022

Announced

Project

Finance

DebtBy

Sponsor

(>$100

million)SponsorsProject

Name

(MW)Lead

BanksValue(USD

m)Quinbrook

Low

CarbonPowerFundGemini

Solar

PVPlant

&Battery

StorageFacilityLead

Arrangers:KeyBancCapital

Markets;MUFG;

Bank

ofAmerica;

NordLB1,300Other

Banks:

Amalgamated

Investment

Bank;

Associated

Bank;

Bankof

China;Bankof

Montreal;BNPParibas

Fortis;

Cadence

Bank;

Comerica

Bank;Commerzbank;

Credit

Agricole

Group;DnB

NOR

Bank;

FifthThirdBank;Huntington

National

Bank;

MetLife;National

Australia

Bank;

National

BankofCanada;

PNCBank;

Regions

Bank;

Silicon

Valley

Bank;

Societe

Generale;

TruistBank;

VoyaFinancialTerra-GenPowerLongroad

EnergyEdwardsSanbornSolar

PVPlantLead

Arrangers:BNPParibas;

CoBank;

INGBank;

Nomura959679Other

Banks:

AozoraBank;

Rabobank;

USBankSunStreams

3Solar

PVPlantLead

Arrangers:KeyBancCapital

Markets;Canadian

Imperial

Bankof

CommerceOther

Banks:

Australia

and

NewZealand

Banking

Group;

Commerzbank;

PNCBank;

Silicon

Valley

BankArevonEnergyManagementEland

ISolar

PVPlantLead

Arrangers:KeyBancCapital

Markets;Canadian

Imperial

Bankof

Commerce;Wells

Fargo;

CoBank;

Credit

Agricole

Group;

Zions

Bancorporation605Haddington

Ventures;MagnumDevelopment;Mitsubishi

PowerTheAdvanced

CleanEnergyStorage

HydrogenHubUnited

StatesDepartment

ofEnergy504485Intersect

PowerOberonISolar

PVPlantLead

Arrangers:KeyBancCapital

Markets;MUFG

Bank;

Santander;

BankofAmerica

Securities;

CoBank;

Helaba;

NordLB;

Zions

BancorporationSource:

IJGlobal?2023Greenberg

Traurig,LLP452022

Announced

Project

Finance

DebtBy

Sponsor

(>$100

million)SponsorsProject

Name

(MW)Lead

BanksValue(USD

m)JERAElSauzWind

FarmSumitomo

MitsuiBanking

Corporation;

Mizuho

Bank;

MUFG

Bank;KeyBancCapital

Markets460447392358ClearwayEnergyDaggett

2Solar

PV

PlantMammothISolar

PV

PlantPorter

Solar

PVPlantNatixis;NordLB;

Societe

Generale;

Sumitomo

MitsuiBankingCorporationGlobal

EnergyGeneration(GEG)Banco

Sabadell;

Bank

ofAmerica

Securities;

BayernLB;

ComericaBank;

Deutsche

Bank;

Intesa

Sanpaolo;

MetLife;National

BankofCanadaPineGateRenewablesMUFG

Bank;

Siemens

Financial

Services;

Sumitomo

MitsuiBankingCorporationApexClean

EnergyIntersect

PowerIntersect

PowerGreat

Pathfinder

Wind

FarmLumina

ISolar

PVPlantBankof

America

Securities;

Santander

Bank;

Sumitomo

MitsuiBankingCorporation348302291267237Bankof

America;

CoBank;

Helaba;

KeyBancCapital

Markets;MUFGBank;

NordLB;

SantanderLumina

II

Solar

PVPlantAppaloosa

Solar

PVPlantGoodnight

Wind

FarmPhase

IBankof

America;

CoBank;

Helaba;

KeyBancCapital

Markets;MUFGBank;

NordLB;

SantanderGreenbacker

Capital;

rPlusEnergiesKeyBancCapital

Markets;JPMorganOmegaEnergiaMUFG

Bank;

Rabobank;

Sumitomo

MitsuiBanking

CorporationSource:

IJGlobal?2023Greenberg

Traurig,LLP462022

Announced

Project

Finance

DebtBy

Sponsor

(>$100

million)SponsorsProject

Name

(MW)Lead

BanksValue(USD

m)Fengate

AssetManagementPrairie

SwitchWind

FarmMUFG

Bank215Longroad

EnergyDESRIThreeCorners

Solar

PVPlantKeyBancCapital

Markets;USBank194Bartonsville

Solar

PVPlantSandy

RidgeWind

Farm

2DnBNORBank;

National

BankofCanada;

Societe

Generale169162Algonquin

PowerIncomeFundBankof

Montreal;Canadian

Imperial

Bank

ofCommerce;

SumitomoMitsuiBanking

CorporationTerra-GenPowerSagebrush

EnergyStorageGreatCoveSolar

PVPlantCoBank;

INGBank;

MUFG

Bank148Community

EnergyMatrix

RenewablesCitigroup;

HSBC;National

BankofCanada135129Gaskell

West

2&3Solar

Portfolio

&BESSCommonwealth

Bank

ofAustralia;

HSBC;MUFG

Bank;

National

Bankof

CanadaPineGateRenewablesExcelsior

EnergyBulldog

Solar

PV

PlantSkyhawkSolar

PV

PlantWaimea

Solar

PV

PlantBanco

Sabadell;

MUFG

Bank;

Zions

BancorporationNordLB;Sumitomo

MitsuiBanking

CorporationMUFG

Bank125124122Innergex

RenewableEnergyPineGateRenewablesGunsight

Solar

PV

PlantMUFG

Bank;

Siemens;

Sumitomo

MitsuiBanking

Corporation120Source:

IJGlobal?2023Greenberg

Traurig,LLP472022

Announced

Project

Finance

DebtBy

SponsorSponsorsProject

Name

(MW)Lead

BanksValue(USD

m)PineGateRenewablesPhobos

Solar

PVMUFG

Bank;

Siemens;

Sumitomo

MitsuiBanking

Corporation120117117CleneraApexSolar

PVPlantBankof

America

Securities;

NordLBPineGateRenewablesCabinCreek

Solar

PVPlantMUFG

Bank;

Siemens;

Sumitomo

MitsuiBanking

CorporationKEPCOConcho

Valley

Solar

PVPlantAllora

Solar

PVPlantNordLB;Rabobank114107PineGateRenewablesMUFG

Bank;

Siemens;

Sumitomo

MitsuiBanking

CorporationRevityEnergyRobinHollow

Solar

PVPlantLancaster

Battery

StorageBlackstone105104AESCorporationCredit

Agricole;

Export

Development

Bankof

Canada;

KeyBanc

CapitalMarkets;Silicon

Valley

BankSource:

IJGlobal?2023Greenberg

Traurig,LLP48U.S.

Renewable

M&A

Activity1

Announcements

trackedthroughSparkSpread,RenewablesN,and

available

pressreleasesthroughJanuary5,

2023.Source:

CohnReznick?2023Greenberg

Traurig,

LLP492022

Selected

Platform

AcquisitionsSource:

FTl

Consulting?2023Greenberg

Traurig,

LLP50GT

Renewables

TeamRepresentative

TransactionsresenRepresentapresenRepresentapresenRepresentativetivetivetivetiveLead

counselintaxSun

Streams

3Lead

counselinMulliganSolarLead

counselintaxLead

counselinequity

partnership-flipLead

taxequity

investorcounselinconnectionwitha

285

MWsolarand

215