Julia R. Balas

Partner | Los Angeles • New York

jbalas@mofo.com | (213) 892-5277(212) 336-8490

jbalas@mofo.com
(213) 892-5277
(212) 336-8490

What makes my work exciting is that every day, my clients bring new and unique questions to answer—whether it’s managing a difficult negotiation with a counterparty, overcoming roadblocks in projects, or any other challenges, they know that I will be there every step of the way to help them and their projects succeed.

Julia focuses her practice on project finance, mergers and acquisitions, and corporate finance.

Julia represents clients in connection with the development, financing, acquisition and disposition of wind and solar projects. Her recent work has included representation of developers in connection with the acquisition and disposition of utility-scale wind and solar projects, debt and tax equity financings, and project contracts with suppliers and service providers. Her practice has also involved advising clients on such matters as private equity investments, sponsor-backed leveraged buyouts, mergers, debt and equity securities offerings, commercial lending and structured finance transactions, as well as general corporate matters, corporate governance and securities law compliance.

Representative Experience

  • EDF Renewables
    • in its sale of three California solar projects to Dominion, one of the nation’s largest producers and transporters of energy, for a total of 84 megawatt peak (MWp). The three solar projects included 32.6 MWp / 24 MWac Cottonwood Solar, 24.3 MWp / 18 MWac Catalina Solar 2, and the 27 MWp / 20 MWac CID Solar Project;
    • in its sale of a 26.7 MWdc / 20 MWac solar project located in San Bernardino County, California to Duke Energy, one of the nation’s largest producers and transporters of energy;
    • in its acquisition of the 500 MW Palen solar project in Riverside County, California from Abengoa;
    • in negotiating EPC contracts, O&M contracts, and other equipment and service supply arrangements for solar projects.
  • Solar Frontier Americas, an indirect subsidiary of Showa Shell Sekiyu, K.K.
    • in the sale of the 15 MW Morelos del Sol solar farm, located in Kern County, California, to Southern Power, a subsidiary of Southern Company;
    • in the sale of the 20 MW Calipatria solar farm, located in Imperial County, California, to Southern Power;
    • in the sale of the 50 MW Midway I solar project, located in Imperial County, California, to X-ELIO;
    • in the sale of the 30 MW Midway II solar project, located in Imperial County, California, to Dominion;
    • in the sale of the 20 MW Midway III solar project, located in Imperial County, California, to Greenbacker Renewable Energy.
  • A Japanese sponsor and project owner in the negotiation of an engineering, procurement and construction contract for a solar project in Mexico.
WIND
  • Apex Clean Energy
    • in the sale of the 300 MW Balko Wind project in Oklahoma, to D.E. Shaw Renewable Investments;
    • in the financing and sale of the 299 MW Kay Wind project in Oklahoma, to Southern Power;
    • in the financing and sale of the 151 MW Grant Wind project in Oklahoma, to Southern Power;
    • in the sale of the 147 MW Grant Plains Wind project in Oklahoma, to Southern Power;
    • in the sale of the 163 MW Midway Wind project in Texas, to Sammons Renewable Energy;
    • [in the negotiation and execution of a build-own-transfer agreement with a Michigan-based utility for the sale of the two-phase 385-MW Isabella Wind project in Michigan
    • in the negotiation and execution of a build-own-transfer agreement with a Kansas-based utility for the sale of the 300-MW Neosho Ridge Wind project in Kansas.
  • BayWa r.e. Wind, LLC
    • in the acquisition by its wholly owned subsidiary Beethoven Wind, LLC of all assets and rights related to the 80 MW B & H Wind Project in South Dakota;
    • in its acquisition of the 15 MW Anderson Wind Project in New Mexico;
    • in its acquisition of GE wind turbines from SunEdison;
    • in negotiating turbine supply agreements, EPC contracts, and other construction and supply arrangements.
  • EDF Renewables
    • in its acquisition of the 242 MW Coyote wind project in Texas from Lincoln Clean Energy;
    • in negotiating turbine supply agreements, service and maintenance agreements, EPC contracts, and other equipment and service supply arrangements for wind projects.
  • Oak Creek Energy Systems
    • in the sale of the 148.5 MW Phase I and Phase II of the Tres Mesas Wind Project in Tamaulipas, Mexico;.
    • in the sale of the 51.8 MW Phase III and 95.7 MW Phase IV of the Tres Mesas Wind Project in Tamaulipas, Mexico.
  • A national developer, in its financing and acquisition of a more than 50 MWac solar project in Mississippi, including in connection with a tax equity investment and in the negotiation of an engineering, procurement and construction contract. 
  • CalPlant, in connection with the development of its rice straw processing plant, which turns the waste product from rice production into medium density fiberboard. Negotiation of all construction and procurement contracts, as well as coordination regarding primary and subordinated bond financings and mezzanine financing.
  • The Nature Conservancy, in connection with a $1.7 million financing from Prudential Financial for stormwater retention projects.
OTHER PROJECT FINANCE

Rankings

  • Recommended: Finance: Project Finance – Legal 500 US 2019
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