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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.

  • Financing

    • Intersect Power, LLC 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 approximately $260 million in tax equity financing for a 276 MW wind project in Kansas.
    • 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.

    M&A and Joint Ventures

    • A leading solar developer in its acquisition of a portfolio of ground mounted solar projects in Chile.
    • Elawan Wind on a joint venture with Quinbrook Infrastructure Partners in connection with developing two wind projects with an approximate capacity of 365 MWs.
    • A strategic investor in the sale of a portfolio of tax equity and cash equity interests in 24 wind generation facilities with an aggregate capacity in excess of 3 GWs.
    • A leading solar developer in its acquisition of two development stage solar projects totaling approximately 120 MWs in Texas.
    • A leading developer in connection with a safe harbor equipment joint venture.