Shearman & Sterling advised OMERS Infrastructure in its agreement with a fund managed by Ares Management Corporation to acquire 100 percent of Navisun LLC, an independent distributed generation solar power producer. Navisun acquires, co-develops, constructs, finances, owns and operates distributed and small utility-scale solar and storage projects throughout the United States. The transaction is expected to close Q1 2022, subject to regulatory requirements.

OMERS Infrastructure’s global renewable energy holdings include Leeward Renewable Energy, which owns and operates a portfolio of 22 renewable energy facilities totaling more than 2 GW of installed capacity across the U.S. In April, Leeward closed on the purchase of a utility-scale solar project platform which included approximately 10 GW of development projects from First Solar. Leeward now has 17 GW of projects under development across wind, solar and storage.

Shearman & Sterling team below included counsel Lisa Raisner (Washington, D.C.-Litigation), associate Daniella Villatoro (New York- Compensation, Governance & ERISA) and visiting attorney Camila de Lasa (New York-Mergers & Acquisitions).

The Team