SEAN M. MORAN

Partner
Energy and Infrastructure

EXPERIENCE:

Sean M. Moran is a partner in Wilson Sonsini Goodrich & Rosati's Los Angeles office, where he specializes in renewable energy, project finance, and infrastructure assets. Instrumental in creating the structure that has become the standard for renewable energy deals in the United States, Sean has handled many of the country's largest and most complex renewable energy financing transactions, including numerous first-of-its-kind deals.

In the course of his practice, Sean represents Fortune 50 companies, investors, utilities, sponsors, and developers. His clients include some of the largest investors in the renewable energy market, collectively investing more than $15 billion in renewable energy generation. His projects include solar, geothermal, biomass, biofuel, wind energy, and waste-to-energy facilities that generate more than 20,000 megawatts per year in 44 states.

Sean also represents clients in fossil fuel energy generation facilities, including those utilizing natural gas, coal, and oil and gas. In addition, he represents clients in a wide variety of other infrastructure projects, such as transmission systems, toll roads, transportation systems, and water and waste treatment facilities. His broad expertise includes tax issues related to capital markets transactions and derivative products, M&A and private equity, reorganizations and bankruptcy, structured finance, and affordable housing.

Prior to joining the firm, Sean was a partner in Sidley Austin's Los Angeles office. Early in his career, he clerked for the Honorable Joseph M. McLaughlin in the U.S. District Court for the Eastern District of New York. Sean is a frequent speaker at national and international conferences, and his articles have appeared in a variety of publications.

SELECT TRANSACTIONS:

A sampling of the diverse projects in which Sean has represented the principal investors or participants include:

  • Alta Wind Energy Center developed by Terra-Gen Power, which involved the first leveraged lease financing of a wind power project
  • Armenia Mountain wind project, the first leveraged transaction to claim a cash grant from the U.S. Treasury pursuant to the American Recovery and Reinvestment Act of 2009 ($250 million)
  • Glacier II wind project, the first transaction in the tax equity market to claim the cash grant under the American Recovery and Reinvestment Act
  • Peace Garden wind power project portfolio developed by NextEra ($325 million)
  • Rail Splitter wind power project, one of the first power projects to use Treasury grants in lieu of ITCs as an integral part of its capital structure ($240 million)
  • Vento wind projects portfolio (valued at more than $1.4 billion)
  • Invenergy wind project portfolio, the first renewable energy transaction to access infrastructure fund investors
  • Sweetwater 1 wind project, the first wind power transaction to be financed by institutional equity investors
  • Coso geothermal power project, the largest geothermal transaction closed to date in the U.S. ($1 billion)
  • Dixie Valley geothermal project ($275 million)
  • Puna geothermal power project, involving the only commercial producer of geothermal energy in Hawaii
  • Nevada Solar One project, the largest solar facility built in the U.S. in nearly two decades
  • The acquisition and related project financing of a utility-scale solar power project developed by Sunpower
  • The financing by an affiliate of a major U.S. utility of several portfolios of solar power projects developed by Solar City
  • The financing by an affiliate of a major utility of several portfolios of solar power projects developed by Sun Run
  • Sun Edison solar (photovoltaic) systems projects, a multiphase sale/leaseback of solar panels in numerous states
  • Geneva biomass facility, notable for its innovative trash combustion technology
  • Perry Nuclear Generating Station Unit 1
  • Calpine peakers transaction, which utilized an innovative partnership structure together with Rule 144A financing to finance a power purchase agreement with the California Department of Water Resources, establishing a template for a project financing done through a leveraged lease on the strength of a related-party tolling contract
  • Calpine Geysers transaction, which established the template for a sponsor-supported pure merchant project financing done through a leveraged lease
  • Homer City Generating Station, a landmark transaction that is the largest project financing of a single-asset merchant project to date, as well as the first to be consummated through a leveraged lease
  • A major pipeline expansion on behalf of one of the leading U.S. oil pipeline companies
  • Southern Energy Mid-Atlantic genco transaction, which was the largest genco financing in the leveraged lease market
EDUCATION:
  • LL.M., Tax, New York University School of Law, 1994
  • J.D., Fordham University School of Law, 1988
    Member, Fordham Law Review
  • B.S., Fordham University, 1981
HONORS:
SELECT PUBLICATIONS:
ADMISSIONS:
  • State Bar of California
  • State Bar of New York

Contact Information

633 West Fifth Street
Suite 1550
Los Angeles, CA 90071
Phone | 323-210-2916

Email | Sean Moransmoran@wsgr.com


Areas of Expertise

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