Elliot Hinds, Partner Los Angeles
ehinds@crowell.com
Phone: +1 213.443.5543
515 South Flower St., 40th Floor
Los Angeles, CA 90071-2201

Elliot Hinds is a partner in Crowell & Moring's Los Angeles office and focuses his practice on corporate and energy matters. While he is deeply engaged in energy transactions, Elliot also works with clients in a variety of other capital-intensive industries, including manufacturing, health care, and technology.

Elliot works extensively on mergers and acquisitions, debt financings, project development and finance, and joint ventures. The projects he has worked on include renewable energy (including wind, geothermal, solar, and biomass), natural gas, cogeneration and coal-fired electric power, liquefied natural gas (LNG), and bioethanol facilities. He has handled many billions of dollars of energy project finance transactions and worked on some of the first merchant facilities to be developed and/or owned in a fully deregulated environment.  He represents several wind and solar energy project developers, technology companies (some of whom bridge the energy and technology sectors), manufacturers of equipment, lubricants, and other products and companies in the health care space.

Elliot is a member of several professional organizations and frequently speaks to industry groups and teaches courses. He also has received a number of honors and recognitions, including being selected as one of the Top 25 Clean Tech Lawyers in California by the Daily Journal, being named 2015 "Corporate Lawyer of the Year" by the Century City Bar Association, and being named to the Lawyers of Color's Second Annual Hot List for the Western Region of the United States, which recognizes "mid-career minority attorneys excelling in the legal profession." Elliot is currently a member of the board of directors of the Los Angeles Urban League. He received his B.A. from the University of California, Berkeley, and earned his J.D. from the Georgetown University Law Center.

Representative engagements include:

Energy/Project Finance

  • Represented wind developer in approximately 2.4GW of master turbine purchase arrangements with multiple wind turbine manufacturers.
  • Represented a private wind project developer in the sale of a 1.6GW pipeline of solar projects located in the U.S. & Mexico. The 18 projects range in size from 13MWs to 336MWs and included assets that have been shortlisted for PPAs.
  • Assisted the development and sale of the 580MW Antelope Valley photovoltaic solar project (AVSP) to affiliates of MidAmerican Energy Holdings Company. The project will utilize proprietary photovoltaic modules and tracking technology and its electricity will be sold under long-term power purchase agreements. Construction of the project has commenced, and commercial operation is expected in 2015. When completed, AVSP will be the largest solar energy project in the world.
  • Represented a wind turbine manufacturer in multiple turbine sales, including a joint venture to develop a 70MW wind project in Chile.
  • Represented a wind turbine manufacturer in the turbine sale and equity financing for a 33MW wind project in Chile.
  • Represented a private renewable project developer in connection with a joint venture to develop utility scale solar projects in Japan.
  • Represented a private wind project developer in the development and sale of a 150MW–170MW wind project in Texas.
  • Represented a private solar project developer in the PPA negotiation, other development, and sale of a 50MW solar project in New Mexico.
  • Represented a private solar project developer in the development, EPC, and sale of a 25MW project in California.
  • Represented a private solar project developer in power purchase agreement and financing negotiations for solar power projects on various K-12 school campuses.
  • Assisted an iron ore mining company in the $45 million project financing and $20 million equity financing to expand its mine in Utah.
  • Represented a wind project developer in the acquisition of a 20MW wind project under development in Montana.
  • Represented a private wind developer in multiple complex and coordinated letter of credit and mezzanine debt financings totaling $240 million.
  • Represented the Los Angeles Community College District in connection with development and more than $65 million financing of a multi-campus solar energy facility installation program using tax-efficient financing strategies.
  • Assisted a private geothermal electric power developer in the completion of a $108 million second-round private equity financing.
  • Assisted a private wind developer in more than $1 billion omnibus debt and equity restructuring of existing corporate and turbine acquisition secured loans.
  • Assisted a major energy developer in connection with an acquisition and joint venture for the development of a $2 billion mine-mouth, coal-fired, electric generation facility.
  • Assisted a private owner in connection with development, joint-venture negotiations and subsequent project financing of the $760 million LNG facility in Canada that was named North American Mid-Stream Oil and Gas "Deal of the Year 2006."
  • Assisted a publicly traded company in connection with an approximately $300 million divestiture of an energy management services business, which was motivated by the need to reduce or eliminate bonding and capital support obligations.
  • Represented a private developer in connection with acquisition of project assets for planned development of a 20MW wind farm in California.
  • Worked with an acquirer of joint venture interests (in a limited liability company) in an existing 20MW wind farm on a brownfield site and of project assets for planned development of a 15MW wind farm in New York.
  • Counseled a private wind project developer in the simultaneous closing of two debt financings totaling $125 million: a $50 million secured corporate letter of credit facility and a $75 million secured mezzanine term loan provided by separate mezzanine lenders. These financings were layered among existing corporate debt, turbine debt, project debt, and another layer of mezzanine debt and as such, had a complex and layered springing lien collateral structure involving multiple operating and developing projects.
  • Represented a private wind project developer in connection with obtaining a $115 million mezzanine term loan facility, which is layered between project-level financings and the parent-level corporate and turbine loan facilities and the restructuring of approximately $300 million existing corporate and wind turbine acquisition secured loans and letter of credit facilities.

Manufacturing, Health Care, and Other Industries

  • Worked with a lubricant manufacturing company in connection with an aggregate of $53 million in first and second lien loans.
  • Represented a health maintenance organization in connection with multiple acquisitions, dispositions, and financing transactions involving hundreds of millions of dollars.
  • Assisted a Canadian acquirer in more than $1.8 billion senior and subordinated acquisition financing in connection with the acquisition of a major retail pharmacy operation.
  • Counseled a communications company in a $820 million acquisition debt financing transaction.
  • Represented a private company in connection with a joint venture to develop a new lubricant manufacturing facility in California.
  • Represented a health maintenance organization in connection with the acquisition of a New Mexico-based HMO.
  • Represented a healthcare group purchasing organization in connection with the asset purchase and stock redemption from one of its members.
  • Represented a manufacturer of thermal management products for defense, aerospace, supercomputer, and semiconductor industries in the sale of its business.
  • Represented an Arizona medical clinic in the sale of all of its stock via merger for cash and debt assumption.
  • Represented a hardware and equipment sales chain in connection with $50 million purchaser financing in connection with an acquisition and $1 billion secured credit facility and $600 million variable interest unsecured subordinated note offering.
  • Represented banks in connection with multiple multi-million senior and subordinated secured loan transactions to private equity backed companies operating in the retail industry.


Affiliations

Admitted to practice: California

Memberships

Vice-Chair, Utility Scale Power Division for the Solar Energy Industry Association



Highlights, News & Knowledge


Speeches & Presentations

  • "Guaranteed Performance: Storage Project Financing & Warranties," 26th Annual Energy Storage Association Conference, Charlotte, NC (April 27, 2016). Moderator: Elliot Hinds.
  • "A Market Making Moment for Large-Scale Energy Storage?" 6th Annual Knowledge Foundation Next-Generation 2016 Energy Storage, San Diego, CA (April 18, 2016). Presenter: Elliot Hinds.
  • "Pushing the Envelope: How California Policy Has Driven an Electric Grid Revolution," AEHS 26th Annual International Conference on Soil, Water, Energy, and Air, San Diego, CA (March 23, 2016). Presenter: Elliot Hinds.
  • "Commercializing Energy Storage Technologies and Financing Renewables," The Knowledge Foundation Next-Generation 2016 Energy Storage Podcast (February 18, 2016). Speaker: Elliot Hinds.
  • “Dealing with Contingency Terms – Asset Risk Management in Energy Storage Projects,” Infocast's 9th Annual Storage Week, San Diego, CA (January 25, 2016). Presenter: Elliot Hinds.
  • "How Utilities Make Decisions About Storage," Energy Storage Association Annual Conference, Dallas, TX (May 2015). Panelist: Elliot Hinds.
  • "Standards for Dollars: Embracing Performance Standards That Enable Large Scale Financeability," Energy Storage Association 25th Annual Conference and Expo, Dallas, TX (May 27-29, 2015). Presenter: Elliot Hinds.
  • "Solar + Storage," Solar Power Generation 2015, San Diego, CA (February 4, 2015). Panelist: Elliot Hinds.
  • "Solar + Storage hybrid systems," Webinar (December 18, 2014). Moderator and Panelist: Elliot Hinds.
  • "Pricing Energy Storage + Solar," Solar Power International 2014, Las Vegas, NV (October 22, 2014). Speaker: Elliot Hinds.
  • "Market Drivers Realizing the Value of Energy Storage," PV America 2014, Boston, MA (June 24, 2014). Speaker: Elliot Hinds.
  • "Energy Storage Mandate in California - A Progress Report on Procurements," California Energy Summit, San Francisco, CA (May 28, 2014). Speaker: Elliot Hinds.
  • "Specific Funding and Financing Options," Tribal Leader Forum "Financing and Investing in Tribal Renewable Energy Projects," San Diego, CA (May 14, 2014). Speaker: Elliot Hinds.
  • "Assessing Storage Roles, Requirements and Procurements," 7th Annual Storage Week, Santa Clara, CA (February 12, 2014). Speaker: Elliot Hinds.
  • "The Evolution of Debt Financing" Panel, Infocast Wind Power Finance & Investment Summit 2014, San Diego, CA (February 5, 2014). Moderator: Elliot Hinds.
  • "The Future Of The Industry: How Will The Dust Settle?" Opening Keynote Plenary, 6th Annual Solar Power Generation (SPG USA 14), San Diego, CA (February 4, 2014). Speaker: Elliot Hinds.
  • "Market Trends in Renewable Energy Project M&A," Renewable Energy Law Conference, San Diego, CA (January 23, 2014). Speaker: Elliot Hinds.
  • "Trends in Solar M&A," Webinar (November 19, 2013). Speaker: Elliot Hinds.
  • "Financing Energy Storage Projects - Making a Market to Attract Investment," Power-Gen International, Orlando, FL (November 12-14, 2013). Speaker: Elliot Hinds.
  • "Strategic Alliances," Solar Power International Conference, Chicago, IL (October 23, 2013). Speaker: Elliot Hinds.
  • "Energy Storage & Financing: New Market Opportunity," Solar Power International, Chicago, IL (October 2013). Speaker: Elliot Hinds.
  • "Financing Vehicles for Tribal Energy & Telecommunication Projects," NAFOA's 2013 Fall Finance & Tribal Economies Conference, Seattle, WA (September 9, 2013). Speaker: Elliot Hinds.
  • "Renewable Energy Investment, IRS Investment, Tax Credit and the Solar Opportunity," (National Center for American Indian Enterprise Development), RES, CA, Temecula, CA (June 18, 2013). Speaker: Elliot Hinds.
  • "Obstacles to Scaling Storage Solutions: Cost and Corporate Strength of Solution Providers," Infocast 6th Annual Storage Week 2013, Austin, TX (April 4, 2013). Moderator: Elliot Hinds.
  • "Deal Structuring: Current Options and New Directions – Panel Discussion, Finance," Solar Power-Gen 2013 Conference, San Diego, CA (February 13-15, 2013). Speaker: Elliot Hinds.
  • "Penetrating Niche Markets: Sports Teams, Nonprofits, Schools & Military," PV America East Conference, Philadelphia, PA (February 5-7, 2013). Speaker: Elliot Hinds.
  • "CEO Panel," Solar Power Generation USA, Newport Beach, CA (January 15-16, 2013). Speaker: Elliot Hinds.
  • "Tribal Renewable Energy Solutions and Partnerships: Collaborating through the Headwinds of Change Workshop," RETECH Conference, Washington, D.C. (October 14-16, 2012). Speaker: Elliot Hinds.
  • "2012 Fall Finance and Tribal Economies Conference," San Diego, CA (September 10-11, 2012). Speaker: Elliot Hinds.
  • "Tribal Economic Development Conference," Native Nation Events, San Francisco, CA (May 30-June 1, 2012). Speaker: Elliot Hinds.
  • "Tribal Energy Panel," NAFOA Conference, New Orleans, LA (March 19-21, 2012). Speaker: Elliot Hinds.


Publications

  • "Regulatory Forecast 2016: What Corporate Counsel Need to Know for the Coming Year," a Crowell & Moring LLP publication (January 2016). Contributor.
  • "Energy — Rapid Tech Changes Creating Winners and Losers," Crowell & Moring's Regulatory Forecast 2016 (January 2016). Co-Author: Larry F. Eisenstat and Elliot Hinds. Also published in Electric Light & Power.
  • "The Emergence of an Electric Energy Storage Market," Electricity Journal (March 2014). Author: Elliot Hinds.
  • "Creating Financeable Power Purchase Agreements for Military Renewable Energy Projects," American Council on Renewable Energy (ACORE) 2014 Industry Review (February 2014). Co-Authors: Elliot Hinds and Ian A. Shavitz.
  • "Effective Feedstock Management is Essential to a Successful Biomass Conversion Facility," Project Perspectives (Spring 2013). Co-Authors: Elliot Hinds and Michael Keller.
  • "Feed in Tariffs Emerge As Key Driver for Solar Development," Solar Industry Magazine (2012). Co-Authors: Elliot Hinds, Courtney Matsuishi, and Brent Schoradt.
  • "End of An Era: Keys to Project Finance In A Post-1603 Environment," Solar Industry Magazine (March 2012). Co-Authors: Elliot Hinds and Joshua R. Williams.
  • "Financing For Renewable Energy Projects – How one community college system overcame financing challenges to build a greener campus," Community College Journal (October/November 2011). Author: Elliot Hinds.


Firm News & Announcements

Oct.14.2016 Crowell & Moring Named a Top Firm for Serving Latin America by Latinvex
Nov.24.2015 Deal Note: Crowell & Moring Client NRG Yield, Inc. Acquires Wind Assets from NRG Energy, Inc.
Feb.11.2015 Crowell & Moring Expands West Coast Energy and Corporate Capabilities with Project Finance and M&A Partner Elliot Hinds
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