Scott W. Cockerham

Partner

Washington, D.C.

When it comes to renewable energy, the importance of creative and practical tax counsel cannot be overstated. Scott helps renewables and energy transition-focused sponsors and investors navigate this constantly changing landscape.

Scott provides practical tax and commercial advice in relation to the development, financing, purchase, and sale of energy and infrastructure projects. He regularly advises clients on the tax aspects of the development and financing of investments across the renewable energy and energy-transition landscape, including solar, wind, geothermal, fuel cell, biomass and carbon capture utilization and sequestration projects.

    • KKR as cash equity investor in an approximately $1.1 billion investment in a 1,625 MW portfolio of 12 solar and wind projects developed by NextEra Energy Resources and NextEra Energy Partners, LP.
    • Cypress Creek Renewables as sponsor in an inverted lease tax equity and back leverage debt financing for a 98 MW utility-scale solar project.
    • True Green Capital Management as sponsor in a partnership flip tax-equity financing of a portfolio of distributed generation solar assets.
    • Major technology company as tax-equity investor in a partnership flip financing of a fuel cell project in New York City that will monetize benefits from NYSERDA’s Value of Distributed Energy Resources (VDER) program.
    • True Green Capital Management as sponsor in a sale leaseback financing for a portfolio of solar projects.
    • GSO Capital Partners LP, an affiliate of Blackstone (NYSE: BX), in its preferred and common equity investment in Altus Power America, Inc. and in securing an investment-grade term loan facility and a construction-to-term loan facility for Altus Power America, a market-leading solar developer that provides clean electricity to commercial, industrial and municipal clients across the United States. The transaction resulted in $850 million of funded and committed capital to Altus Power to refinance its existing capital structure and fund future development.
    • Apollo Global Management in the sale of its equity interest in the 130 MW Arlington Valley Solar Energy II (AVSE II) project in Maricopa County, Arizona.
    • Cypress Creek Renewables on a mezzanine debt financing backed by a 1.6 GW portfolio of operating solar projects, and a senior financing of a portfolio of 14 operating solar projects, and the structuring of related tax equity buyouts funded with debt proceeds.
    • Sammons Renewable Energy, as developer, in the acquisition and tax-equity financing of a 162.9 MW wind project in Texas with two large bank investors.
    • Sammons Renewable Energy in the acquisition of a 194 MW portfolio of operating solar projects from Heelstone Energy. The 36-project portfolio produces enough electricity to power approximately 26,400 homes.
    • Global Infrastructure Partners in connection with its $1.375 billion acquisition of a controlling interest in NRG Yield, Inc.
    • RBC Capital Markets and SunTrust Bank in an aggregate $101 million tax-equity investment in a portfolio of residential rooftop solar projects developed by Vivint Solar.
    • Recurrent Energy in the sale of a 535 MW portfolio of California utility-scale solar assets to Shenzhen Energy and Korea Electric Power.
    • Advantage Capital Partners in the formation of a large tax-equity fund and the deployment of fund capital in five separate tax-equity transactions with different sponsors.
    • RBC Capital Markets in two tax-equity funds of commercial and small utility-scale solar assets developed by Onyx Renewable Partners.
    • 8minutenergy Renewables, LLC in the sale of its 328 MW Mount Signal 3 solar project to Capital Dynamics. The project is the third phase of the 800 MW Mount Signal Solar Farm, which is among the largest solar projects in the world.
    • Amp Solar Group in connection with two tax-equity funds with community solar assets in Massachusetts and Minnesota.
    • RBC Capital Markets in the tax-equity and debt financing of an approximately 100.5 MW wind project developed by NRG Renew LLC.
    • Scout Clean Energy and Quinbrook Infrastructure Partners as developers in the tax-equity financing of a 200 MW wind farm in Oklahoma in which EFS Renewables was the tax-equity investor.
    • Falck Renewables in the acquisition of Recurrent Energy’s sponsor interest in an existing tax-equity partnership that owned a 71 MW utility-scale solar project in North Carolina. This was Falck Renewables’ first investment in a United States solar asset.
    • SunPower Corporation in connection with the sale of a sponsor-equity interest in a portfolio of residential rooftop solar projects and the acquisition of an approximately $53 million back-leverage credit facility from Investec.
    • Sunnova in two tax-equity transactions involving large portfolios of residential solar projects.
    • SunPower Corporation as developer in the tax-equity financing of two portfolios of residential rooftop solar systems with two large bank investors.
    • AES Distributed Energy as developer in the tax-equity financing of an approximately 90 MW portfolio of distributed generation solar assets across multiple states.

    Scott’s experience includes that prior to joining Orrick.