TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
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The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
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It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
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It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
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It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
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A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
Feb 7, 2017How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
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December 1, 2025
Source: McGuireWoods
McGuireWoods served as legal counsel to Peregrine Energy Solutions LLC in securing financing to support a $317 million battery energy storage project that is under construction, another milestone in Peregrine’s mission to advance clean energy infrastructure and grid reliability across the United States.
The funding comprises a preferred equity commitment with Bildmore Clean Energy and construction-to-term loans, preferred equity bridge loans, and tax credit transfer bridge loans, along with financing for a project letter of credit facility from a club of lenders including First Citizens Bank, Société Générale, Siemens Financial Services and East West Bank.
Peregrine, an integrated, multitechnology clean energy platform focused on utility-scale energy storage, continues to expand its portfolio of high-quality renewable projects. The $317 million in funding will enable Peregrine to bring its advanced battery energy storage facility into operation, further supporting grid stability, renewables integration and the transition to a more resilient energy future.
McGuireWoods partners Heather Welch Arbogast, Durham McCormick and Sharaf Islam led the team advising Peregrine with assistance from associates Aaron Mitchell, Shelby Sumlin, Jared Merens and John Ellison. The multidisciplinary team also included partners Eddy Daniels, Brennen Keene, Jude Leblanc, David Franchina, Adam Sowatzka, Julia English and Sabrina Conyers, counsel Heather Nixon Stevenson, and associates Emily Fletcher, Johnny Mac Yates, Caitlin Haus, Jacob Lubinski and Michelle Lim Harris. McGuireWoods previously assisted Peregrine in a financing agreement to fund its pipeline of over 7 gigawatts of high-quality projects, including standalone battery, solar and wind technologies.
“McGuireWoods is proud to assist Peregrine in this transformative project,” Arbogast said. “Our deep bench in the energy space complements Peregrine’s strong project pipeline and management team, providing comprehensive capabilities to support the company’s consistent growth and success. We greatly value opportunities to partner with clients like Peregrine to bring new and innovative projects onto the grid.”
McGuireWoods’ Renewable Energy Practice Group represents developers, independent power producers, sponsors, utilities, and infrastructure funds across sectors such as biomass and alternative fuels, geothermal, hydropower, nuclear, battery storage, solar and wind. The firm handles renewable energy projects across the country, counseling clients on development, finance, ownership, operation and maintenance issues, among others.
The firm consistently earns top rankings for its energy industry capabilities in Chambers USA and the Legal 500 United States.
