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Nicole Gambino
Senior Of Counsel
Energy and Climate Solutions
San Francisco
ngambino@wsgr.com

D415-947-2184

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  • Tax Expertise in Energy Industries

    Nicole specializes in tax matters related to project finance, with a focus on renewable energy and infrastructure assets.

  • Extensive Experience in Financial Structuring

    She has deep experience in utilizing a variety of structures to finance many different types of facilities, and has advised on numerous cutting-edge deals.

Nicole Gambino is Senior Of Counsel in the San Francisco office of Wilson Sonsini Goodrich & Rosati and a member of the firm’s energy and climate solutions practice. She specializes in tax matters related to project finance, with a focus on renewable energy and infrastructure assets. Her clients include developers of solar, wind, and energy storage facilities. Nicole has also represented financial institutions and other investors that finance utility-scale wind, solar, geothermal, and biomass facilities, as well as investors in new market tax credit transactions. She has extensive experience utilizing a variety of structures to finance these assets, has worked on numerous cutting-edge deals, and has advised clients more broadly in their debt financings, initial public offerings, and mergers and acquisitions.

Experience

Nicole Gambino is Senior Of Counsel in the San Francisco office of Wilson Sonsini Goodrich & Rosati and a member of the firm’s energy and climate solutions practice. She specializes in tax matters related to project finance, with a focus on renewable energy and infrastructure assets. Her clients include developers of solar, wind, and energy storage facilities. Nicole has also represented financial institutions and other investors that finance utility-scale wind, solar, geothermal, and biomass facilities, as well as investors in new market tax credit transactions. She has extensive experience utilizing a variety of structures to finance these assets, has worked on numerous cutting-edge deals, and has advised clients more broadly in their debt financings, initial public offerings, and mergers and acquisitions.

Education
  • J.D., UCLA School of Law, 2006
  • B.A., The College of New Jersey, 2003
Admissions
  • State Bar of California
Credentials
Education
  • J.D., UCLA School of Law, 2006
  • B.A., The College of New Jersey, 2003
Admissions
  • State Bar of California

Select Transactions

  • Representation of TransGrid Energy on $1.4 billion financing supporting battery storage projects in Arizona with a combined capacity of 450 MW.
  • Represented Sunrun in connection with raising billions of dollars of tax equity commitments.
  • Represented Luminace in the tax equity financing of a nation-wide portfolio of community solar and C&I solar photovoltaic projects in one of the largest portfolio tax equity financings to date for distributed generation and community solar projects.
  • Represented an affiliate of Goldman Sachs Renewable Power LLC in connection with a Membership Interest Purchase and Sale Agreement entered into with SunPower Corporation and an affiliate pursuant to which SunPower has agreed to sell to GSRP, in exchange for consideration of up to $86.9 million, the membership interests in certain limited liability companies that own leasehold interests in operating solar commercial and industrial projects subject to sale-leaseback financing arrangements, along with other related subsidiaries.
  • Represented Advanced Microgrid Solutions (AMS) in its sale of approximately $50 million in existing and future solar + storage and storage-only projects to 38 Degrees North for its joint venture with John Hancock. In connection with each sale, AMS will act as the project manager to provide ongoing support for customer issues and incentive requirements for each project.
  • Represented JPM Capital Corporation and State Street in connection with their joint tax equity commitment of approximately $179 million in connection with the financing and construction by E.ON Climate & Renewables North America, LLC of the 228 MW Bruenning’s Breeze Wind Farm located in Willacy County, Texas.
Matters

Select Transactions

  • Representation of TransGrid Energy on $1.4 billion financing supporting battery storage projects in Arizona with a combined capacity of 450 MW.
  • Represented Sunrun in connection with raising billions of dollars of tax equity commitments.
  • Represented Luminace in the tax equity financing of a nation-wide portfolio of community solar and C&I solar photovoltaic projects in one of the largest portfolio tax equity financings to date for distributed generation and community solar projects.
  • Represented an affiliate of Goldman Sachs Renewable Power LLC in connection with a Membership Interest Purchase and Sale Agreement entered into with SunPower Corporation and an affiliate pursuant to which SunPower has agreed to sell to GSRP, in exchange for consideration of up to $86.9 million, the membership interests in certain limited liability companies that own leasehold interests in operating solar commercial and industrial projects subject to sale-leaseback financing arrangements, along with other related subsidiaries.
  • Represented Advanced Microgrid Solutions (AMS) in its sale of approximately $50 million in existing and future solar + storage and storage-only projects to 38 Degrees North for its joint venture with John Hancock. In connection with each sale, AMS will act as the project manager to provide ongoing support for customer issues and incentive requirements for each project.
  • Represented JPM Capital Corporation and State Street in connection with their joint tax equity commitment of approximately $179 million in connection with the financing and construction by E.ON Climate & Renewables North America, LLC of the 228 MW Bruenning’s Breeze Wind Farm located in Willacy County, Texas.

Select Publications

    • Co-author with S. Moran and L. Chase, "Back to the Beginning: Energy Property Revisited," Tax Notes, December 19, 2016
    • Co-author with S. Moran, L. Chase, and L. Ludwig, "The Unwind: 'I Don't Want It'," Tax Notes, September 12, 2016
    • Co-author with S. Moran, L. Chase, and L. Ludwig, "Renewable Power Facilities: Placed-in-Service Issues," 151(8) Tax Notes, May 23, 2016
Insights

Select Publications

    • Co-author with S. Moran and L. Chase, "Back to the Beginning: Energy Property Revisited," Tax Notes, December 19, 2016
    • Co-author with S. Moran, L. Chase, and L. Ludwig, "The Unwind: 'I Don't Want It'," Tax Notes, September 12, 2016
    • Co-author with S. Moran, L. Chase, and L. Ludwig, "Renewable Power Facilities: Placed-in-Service Issues," 151(8) Tax Notes, May 23, 2016
Focus Areas
  • AI and Data Center Infrastructure
  • Clean Energy
  • Climate and Clean Technologies
  • Energy and Climate Solutions
  • Inflation Reduction Act of 2022 (IRA) Resource
  • Project Development and M&A
  • Project Finance and Tax Credit Transactions
  • Tax
Recent Insights
Client Highlights
Wilson Sonsini Advises Zanskar on Close of $40 Million in Novel Development Capital Financing
On April 16, 2026, Zanskar, the first AI-native geothermal energy company, announced the closing of $40 million in a Development Capital Facility. Wilson Sonsini Goodrich & Rosati advised Zanskar on the transaction, which is among the first ever structured for early-stage geothermal development. The financing was co-led by Just Climate and Spring Lane Capital, with additional capital committed by Tierra Adentro Growth Capital.

The Development Capital Facility draws on best practices from the renewables and natural resource sectors, establishing a revolving development credit facility designed to accelerate project development across Zanskar’s growing portfolio. The non-recourse facility covers key pre-construction activities, bridging projects to traditional bank project financing, and is structured to upsize to $100 million as Zanskar’s portfolio scales.

The financing transaction strengthens Zanskar’s ability to commercialize its pipeline of naturally occurring geothermal systems and sets a scalable financing precedent for greenfield geothermal as a recognized asset class across the United States.

The Wilson Sonsini team that advised Zanskar on the transaction included Scott Zimmermann, Jason Slagle, Nicole Gambino, Bob O’Connor, Jordana Palgon, and Jenae Sharp.
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Wilson Sonsini Advises Lead Investor on SHINE’s $240 Million Equity Funding
On February 27, 2026, SHINE Technologies, a nuclear fusion company, announced it has raised $240 million in equity funding led by NantWorks founder Dr. Patrick Soon-Shiong, with additional participation from Fidelity Management & Research Company, Sumitomo Corporation of Americas, Pelican Energy Partners, Deerfield Management, Oaktree Capital Management, and other existing investors. Wilson Sonsini Goodrich & Rosati advised lead investor OZ Shine LLC—a new investment company led by Dr. Soon-Shiong—on the transaction.
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Speaking Engagements
Webinar | Getting Real on the Inflation Reduction Act: Tax Credit Transfers
Nearly two years after Congress passed the Inflation Reduction Act, has its promise of a vibrant transferable tax credit market materialized? If not, why not?
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Speaking Engagements
Direct Pay and Other Tax Opportunities in the Inflation Reduction Act for Early-Stage Entrepreneurs
Stanford’s Lawyers for Sustainable Economy Initiative is hosting a webinar on Tax Opportunities for Early-Stage Entrepreneurs in the Inflation Reduction Act. Come join Karen Skelton, Senior Advisor to the Secretary of the U.S. Department of Energy (DOE), and clean energy tax law and startup experts from Wilson Sonsini on September 27 as they take a deep dive into how early-stage entrepreneurs can benefit from the Direct Pay provisions in the Inflation Reduction Act.
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