ArentFox Schiff Advises Toho Gas on Investment in Goldfinch Solar Project
ArentFox Schiff served as US counsel to Toho Gas Co., Ltd. in its acquisition of a 50% interest in the Goldfinch Solar Project, a utility-scale solar power project in Van Zandt County, Texas, developed by Diamond Generating Corporation, and in connection with the financing of the project’s construction.
The investment marks Toho Gas Co., Ltd.’s first direct participation in a renewable energy power generation business in the United States. The project also has a 15-year virtual power purchase agreement with Toyota Motor North America, Inc., under which renewable energy certificates and other environmental attributes generated by the project are expected to be provided to Toyota Motor North America, Inc.
The AFS team was led by Sarah A. W. Fitts, Jena Watson, and Diandra Molina.
The transaction highlights ArentFox Schiff’s broader commitment to Japanese companies doing business and investing in the United States. The firm’s Japan Desk, led by Sarah Fitts and Paul Maier, provides coordinated US counsel to Japanese companies, individuals, and law firms across corporate governance, operational matters, employment, real estate, regulatory matters, acquisitions, joint ventures, financing transactions, international trade, customs and import compliance, export controls, sanctions, and CFIUS matters.
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