Allen & Overy advises Tokyo Gas America on its acquisition of Clean Capital Partners' Longbow Standalone Battery Energy Storage System

The A&O team also advised Tokyo Gas America on simultaneously negotiating a tax equity transaction with a possible tax transfer component. 

“We are delighted to have supported Tokyo Gas America in expanding its platform in Texas. The Battery Energy Storage System project fits squarely into their uniquely positioned long-term integrated energy strategy,” said partner Matthew Nesburn, who led the transaction with support from Global Projects, Energy, Natural Resources tax partner Scott Cockerham, senior counsel Simon Stevens and Porter Wiseman, associates Divya Rao, Shah Mohammadi, Aswini Endlur, and Michael Sykes. Environmental and regulatory support was provided by partner Ken Rivlin and associates James Daher and Georgie Kilborn.

About Tokyo Gas America Ltd.

Tokyo Gas America Ltd., wholly owned subsidiary of Tokyo Gas Co., Ltd, develops wide-ranging businesses that include upstream operations such as gas field development, midstream to downstream operations such as power generation, natural gas distribution, LNG exportation and natural gas trading in North America. With the aim to own and operate over 5 GW of renewable generation projects, Tokyo Gas America entered the U.S. renewables market through acquisition of the 500MWac Aktina solar project in 2020 and is committed to transforming its business model to better service its customers and contribute to a sustainable society.