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Tristan Pelham Webb is a partner in King & Spalding’s Finance practice resident in the New York and Denver offices. Tristan focuses on King & Spalding’s power, energy and infrastructure project finance matters, handling a wide variety of greenfield and brownfield construction and permanent project financings, leveraged financings and acquisition financings. 

Tristan has extensive experience advising foreign and domestic project sponsors, investors and lenders in all aspects of the construction, development, financing and acquisition of major energy and infrastructure projects, including deep expertise in the renewables and transportation infrastructure sectors.

Full Bio

Credentials

J.D., New York University School of Law, magna cum laude

B.A. Philosophy, Bates College

Colorado

New York

Law Clerk, Theodor Meron, International Criminal Tribunal for the former Yugoslavia

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Matters

Carlyle Power through its portfolio company, Cogentrix Energy Power Management, LLC on the long-term wind and renewable energy credit hedging of a 600 MW portfolio of six operating wind projects in upstate New York.

Capital Dynamics on the acquisition from Middle River Power and the subsequent development and construction of the 60 MW / 240 MWh Coso battery storage project located in California as one of the first battery storage projects selected to meet the CPUC’s mandate to meet California’s rapidly increasing needs for resource adequacy.

Axium Infrastructure on the acquisition & financing (including interest rate hedges) of 50% equity interests in each of the 65 MW Dry Lake II wind project in Arizona and the 20 MW Copper Crossing solar project in Arizona.

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Matters

Carlyle Power through its portfolio company, Cogentrix Energy Power Management, LLC on the long-term wind and renewable energy credit hedging of a 600 MW portfolio of six operating wind projects in upstate New York.

Capital Dynamics on the acquisition from Middle River Power and the subsequent development and construction of the 60 MW / 240 MWh Coso battery storage project located in California as one of the first battery storage projects selected to meet the CPUC’s mandate to meet California’s rapidly increasing needs for resource adequacy.

Axium Infrastructure on the acquisition & financing (including interest rate hedges) of 50% equity interests in each of the 65 MW Dry Lake II wind project in Arizona and the 20 MW Copper Crossing solar project in Arizona.

8minutenergy on the negotiation and execution of multiple power purchase agreements, including (i) a power purchase agreement with NRG Energy Marketing for its proposed 250 MWac Galloway facility in Texas and (ii) a power purchase agreement with NRG Energy Marketing for its proposed 125 MWac Norton facility in Texas.

D.E. Shaw Renewable Investments in the acquisition, tax equity financing and back-leverage debt financing (including interest rate hedges) of multiple utility scale solar power projects in the United States with an aggregate capacity of over 1.0 GW.

D.E. Shaw Renewable Investments on (i) a $75 million development-stage letter of credit facility to support the warehousing of its pipeline of development stage solar and wind generating facilities by providing interconnection and other development-related letters of credit and loans and (ii) a $10 million equipment loan facility for borrowings related to certain payments under major equipment supply agreements. The project portfolio at closing included projects with an aggregate capacity of 712.4 MW, potentially supporting an aggregate of more than $1.5 billion in construction financing for the initial projects, with the option for DESRI to add additional projects during the tenor of the facility.

Energy Capital Partners on the $300 million equity investment into Sunnova Energy Corp., including a restructuring of corporate-level indebtedness and a securitization facility for Sunnova’s residential solar portfolios.

Power Line Services, a portfolio company of Energy Capital Partners, on a refinancing of a $200 million revolver and term loan for a portfolio of oil field services assets.

Energy Capital Partners and Next Wave Energy Partners on the approximately $1.0 billion equity and debt financing (including interest rate hedges) for the development and construction of a 28,000 bpd alkylation project in Pasadena, Texas.

Bank of America on the $1 billion construction warehouse facility for SunEdison Inc., supporting the construction and sale of a pipeline of development-stage utility scale renewable energy projects.

Goldman Sachs on the $500 million bridge loan and permanent financings for SunEdison Inc.’s new YieldCo SPV (TerraForm Power) and J.P. Morgan on the $350 million bridge loan financing for SunEdison Inc.’s newly formed YieldCo SPV (TerraForm Global).

Insights

Article · Source: The Banking Law Journal

April 8, 2020
Avoiding Windfalls on Libor Fallback Reference Rates

View all

Matters

Carlyle Power through its portfolio company, Cogentrix Energy Power Management, LLC on the long-term wind and renewable energy credit hedging of a 600 MW portfolio of six operating wind projects in upstate New York.

Capital Dynamics on the acquisition from Middle River Power and the subsequent development and construction of the 60 MW / 240 MWh Coso battery storage project located in California as one of the first battery storage projects selected to meet the CPUC’s mandate to meet California’s rapidly increasing needs for resource adequacy.

Axium Infrastructure on the acquisition & financing (including interest rate hedges) of 50% equity interests in each of the 65 MW Dry Lake II wind project in Arizona and the 20 MW Copper Crossing solar project in Arizona.

See more
Icon close

Close

Matters

Carlyle Power through its portfolio company, Cogentrix Energy Power Management, LLC on the long-term wind and renewable energy credit hedging of a 600 MW portfolio of six operating wind projects in upstate New York.

Capital Dynamics on the acquisition from Middle River Power and the subsequent development and construction of the 60 MW / 240 MWh Coso battery storage project located in California as one of the first battery storage projects selected to meet the CPUC’s mandate to meet California’s rapidly increasing needs for resource adequacy.

Axium Infrastructure on the acquisition & financing (including interest rate hedges) of 50% equity interests in each of the 65 MW Dry Lake II wind project in Arizona and the 20 MW Copper Crossing solar project in Arizona.

8minutenergy on the negotiation and execution of multiple power purchase agreements, including (i) a power purchase agreement with NRG Energy Marketing for its proposed 250 MWac Galloway facility in Texas and (ii) a power purchase agreement with NRG Energy Marketing for its proposed 125 MWac Norton facility in Texas.

D.E. Shaw Renewable Investments in the acquisition, tax equity financing and back-leverage debt financing (including interest rate hedges) of multiple utility scale solar power projects in the United States with an aggregate capacity of over 1.0 GW.

D.E. Shaw Renewable Investments on (i) a $75 million development-stage letter of credit facility to support the warehousing of its pipeline of development stage solar and wind generating facilities by providing interconnection and other development-related letters of credit and loans and (ii) a $10 million equipment loan facility for borrowings related to certain payments under major equipment supply agreements. The project portfolio at closing included projects with an aggregate capacity of 712.4 MW, potentially supporting an aggregate of more than $1.5 billion in construction financing for the initial projects, with the option for DESRI to add additional projects during the tenor of the facility.

Energy Capital Partners on the $300 million equity investment into Sunnova Energy Corp., including a restructuring of corporate-level indebtedness and a securitization facility for Sunnova’s residential solar portfolios.

Power Line Services, a portfolio company of Energy Capital Partners, on a refinancing of a $200 million revolver and term loan for a portfolio of oil field services assets.

Energy Capital Partners and Next Wave Energy Partners on the approximately $1.0 billion equity and debt financing (including interest rate hedges) for the development and construction of a 28,000 bpd alkylation project in Pasadena, Texas.

Bank of America on the $1 billion construction warehouse facility for SunEdison Inc., supporting the construction and sale of a pipeline of development-stage utility scale renewable energy projects.

Goldman Sachs on the $500 million bridge loan and permanent financings for SunEdison Inc.’s new YieldCo SPV (TerraForm Power) and J.P. Morgan on the $350 million bridge loan financing for SunEdison Inc.’s newly formed YieldCo SPV (TerraForm Global).

Insights

Article · Source: The Banking Law Journal

April 8, 2020
Avoiding Windfalls on Libor Fallback Reference Rates

View all

Credentials

J.D., New York University School of Law, magna cum laude

B.A. Philosophy, Bates College

Colorado

New York

Law Clerk, Theodor Meron, International Criminal Tribunal for the former Yugoslavia

Best Lawyers - Project Finance


Ones to Watch 2021

Icon close

Close

Recognition

Best Lawyers - Project Finance


Ones to Watch 2021