LONDON, October 21, 2026 – Corvane Ryle LLP today announced that it advised Solenne Energy, a solar developer, on the financing of a portfolio of solar projects with a combined capacity of 900 MW. The financing combines construction and term debt from a group of commercial banks and institutional lenders, together with a tax equity commitment, and is one of the larger portfolio financings in the sector this year.
The portfolio includes utility-scale projects across several US states, each backed by long-term power purchase agreements with creditworthy offtakers. Solenne expects the first projects to reach commercial operation in 2027. The financing allows the company to move multiple projects to construction under a single set of documents, which reduces cost and execution risk.
The Corvane Ryle team was led by Isabelle Duchamp-Moore, an energy and infrastructure partner in London, who advised on the structure of the financing and the project documents. Benedikt Sauerland, a banking and private credit partner in Frankfurt, led the work on the debt facilities and the lender group. Arjun Mehra-Collins, a tax partner in New York, advised on the tax equity structure and the availability of federal tax credits for the projects.
The team also included lawyers from the firm's Energy & Infrastructure, Restructuring and Antitrust & Competition groups in London, Frankfurt, New York and Washington, D.C., who advised on interconnection arrangements, security packages and foreign investment review.
"A portfolio financing of this size depends on getting hundreds of moving parts to land at the same time," said Isabelle Duchamp-Moore. "Solenne's team and the lenders were committed to a clear timetable, and that made it possible."
Energy transition is one of the firm's signature areas. Corvane Ryle advises developers, utilities, lenders and investors on renewable power, storage, grid and low-carbon fuels projects around the world.
About Corvane Ryle LLP: Founded in Chicago in 1958, Corvane Ryle LLP has approximately 2,400 lawyers in 26 offices across 14 countries. The firm advises on transactions, regulatory matters and disputes for clients in technology, consumer, healthcare and energy transition. Counsel for what comes next.