Orrick Assisted Daiwa Energy & Infrastructure in their Acquisition of 380 MW BESS Projects in the U.S. and Italy—DEI’s first investment in Italy
2 minute read | June.10.2025
日本語: 米国・イタリアにおける380MWのBESSプロジェクトの持分取得において大和エナジー・インフラを代理
Orrick acted as advisor Daiwa Energy & Infrastructure Co., Ltd. (DEI) in their acquisition related to the 49% equity interest in two large-scale battery energy storage system (BESS) projects in the U.S. and Italy under development by Enfinity Global Inc., a leading renewable energy company specializing in BESS solutions.
The commercial operation of both projects totalling 380MW—the 250 MW BESS project in the Houston zone of ERCOT in the U.S. and the 130 MW BESS project in the Veneto region of Italy—are set to commence by 2027, with plans to operate for over 20 years.
The cross-border Orrick team has assisted with due diligence on the projects and drafting and negotiating the investment and joint venture documents in achieving these landmarking closings. Orrick will remain committed to assist the client in providing necessary support and play a significant role in the client’s goal to contribute to the creation of a sustainable carbon neutral future in Japan and worldwide.
This is DEI’s first investment in Italy. Orrick also previously assisted DEI in their first investment in operating projects in the U.S.
THE TEAM
Orrick team advising the client was led by Neil Golden, Fabio Fauceglia and Minako Wakabayashi, with close support provided by the cross-border energy team in the U.S., Italy, UK and Japan, including Zach Huey, Ryan Bullard, Lisa van Velsor, Mason Harry, Kayla Grant, Braxton Roam, Joe Lawlor, Cory Lankford, Harry Clark, Giji John and Mary Kate Murray in the U.S.; Leonardo Pinta and Riccardo Galet in Italy; Adam Smith, Sarah Stockley and April Lord in UK and Andrew Hughes in Japan.