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Devin Canavan

Of Counsel

Washington, D.C.

With expertise in complex financing transactions across the energy and infrastructure sectors, Devin has a proven track record in driving complicated transactions from development to structuring to close.

Devin regularly represents several of the largest independent power producers and other major players in the energy space on debt financings across a variety of asset classes including wind, solar, battery storage, gas and infrastructure assets. Devin takes a collaborative and common sense approach to help clients navigate complex financing challenges in a dynamic market to ensure their deals reach a successful close.

    • Intersect on an $837 million portfolio-level construction and term debt financing and associated tax equity financing to build and operate three storage projects (Radian, Lumina I and Lumina II) in Texas, which was named Deal of the Year by the 2025 Energy Risk Awards.
    • Aypa Power on its $398 million debt financing for the Pediment Battery Energy Storage System (BESS), a 250 MW/1,000 MWh project located in Mesa, Arizona.
    • Sunraycer Renewables LLC on its $475 million construction and term debt financing facility to support the construction and operation of (i) Gaia, a  43 MW solar + 75 MW battery storage project located in Navarro County, Texas and (ii) Midpoint, a 97.5 MW solar + 50 MW battery storage project located in Hill County, Texas.
    • Clenera in connection with construction and term debt financing for its flagship Atrisco solar and storage project located outside Albuquerque, New Mexico, which combines 364 MW of solar generation capacity with 1.2 GWh of battery storage,
    • Clearway Energy Group in connection with construction and term debt financing for the repowering of its 160 MW Cedro Hill wind farm in Webb County, Texas.
    • CelLink Corporation in obtaining a $362 million dollar loan from the Department of Energy to construct a new manufacturing facility in Georgetown Texas which will produce lighter and more efficient flexible circuit wiring harnesses for electric vehicles and other industries.  
    • Intersect in connection with obtaining a $480 million development loan facility for a portfolio of seven development stage solar plus storage projects.
    • KEPCO California, LLC, a subsidiary of Korea Electric Power Corporation, in refinancing the term debt of three operating solar projects totaling approximately 230 MWs in California.
    • Clearway Energy Group in connection with obtaining construction loan financing for (i) the repowering of a 55 MW wind project in West Virginia, (ii) a 110 MW wind project in West Virginia, and (iii) a 345 MW wind project in Texas.
    • Distributed Solar Development on securing $85 million in tax equity financing from Bank of America to finance one of its portfolios in the community solar and commercial and industrial space.
    • The sponsor in connection with the design, construction, financing, operation and maintenance of a significant extension to an existing express lanes project in Virginia, financed by tax-exempt private activity bonds.
    • The sponsor in obtaining construction financing for a portfolio of 13 solar projects totaling approximately 39 MWs in Michigan.
    • A leading solar developer in closing construction and term financing for a 75 MW solar facility in North Carolina.
    • A leading solar developer in closing construction and term financing for a 150 MW solar facility in California.
    • The New York State Urban Development Corporation d/b/a Empire State Development as financing counsel in connection with the redevelopment of the James A. Farley Post Office Building and Annex, including TIFIA funding.