Danielle M.Varnell

Partner

(T) 1.202.879.4696

Danielle Varnell has advised on some of the largest wind and solar transactions in the world. Her practice is concentrated on corporate transactions in the energy industry with a focus on renewable technology and clean energy. She advises U.S. and international clients on M&A, joint ventures, strategic alliances, and energy and infrastructure development projects. Danielle is an editor of Jones Day's The Climate Report.

Danielle works extensively on mergers and acquisitions in the energy sector, particularly in the area of the sale and purchase of renewable, fossil fuel, and nuclear generation assets. During the course of her career she has advised strategic and financial buyers and sellers on the purchase, sale, or development of more than 8000 MW of wind generation, 6000 MW of solar generation, and 4000 MW of nuclear generation assets having an aggregate value in excess of $40 billion.

Danielle has considerable experience in the energy projects and infrastructure area including in the negotiating and drafting of agreements covering the spectrum of project development in the energy industry including EPC contracts, O&M agreements, construction management agreements, joint venture agreements, project administration agreements, wind turbine supply agreements, REC purchase agreements, and other procurement and development agreements.

Danielle's practice also includes advising clients on significant electric transmission and other energy infrastructure projects. She has been active in structuring, drafting, and negotiating transactions on behalf of both buyers and sellers involving stock and asset sales, investments, joint ventures, development, construction and acquisition financing, and other agreements in the energy industry.

Experience

  • Competitive Power Ventures sells partial stake in Towantic Energy Center to Osaka Gas USAJones Day advised Competitive Power Ventures in the sale of 25 percent of its ownership interests in the CPV Towantic Energy Center (CPV Towantic) to Osaka Gas USA.
  • OGE Energy to acquire 146 MW combined cycle natural gas-fired power generation facilityJones Day is advising Oklahoma Gas and Electric Company, a subsidiary of OGE Energy Corp. in the purchase of a 146 MW combined cycle natural gas-fired power generation facility from Oklahoma Cogeneration, LLC.
  • OGE Energy to acquire 360 MW coal-fired generation facilityJones Day is advising Oklahoma Gas and Electric Company, a subsidiary of OGE Energy Corp. in the purchase of a 360 MW coal-fired generation facility and associated equipment from AES Shady Point, LLC.
  • NRG Energy sells ownership in NRG Yield and NRG's Renewables Platform to Global Infrastructure PartnersJones Day represented NRG Energy, Inc. in the sale of NRG’s ownership in NRG Yield and NRG’s Renewables Platform to Global Infrastructure Partners (GIP) for cash proceeds of $1.375 billion, subject to certain adjustments.
  • Invenergy, AEP, and GE Renewable Energy announce America's largest wind farmJones Day is advising Invenergy, LLC in its build transfer sale, subject to state regulatory approvals, to Public Service Company of Oklahoma and Southwestern Electric Power Company, affiliates of American Electric Power, of the 2000 MW Wind Catcher wind energy generating facility to be developed and constructed in Cimarron and Texas Counties, Oklahoma.
  • NRG Energy sells ROFO pipeline assets to NRG YieldJones Day represented NRG Energy, Inc. in the sale to NRG Yield of NRG’s interest in the following ROFO pipeline assets: 527 MW Carlsbad Energy Center and 154 MW Buckthorn Solar for cash proceeds of $407 million, subject to certain adjustments.
  • Starbucks invests in solar photovoltaic generating facility in Maxton, North CarolinaJones Day advised Starbucks Corporation, the premier roaster, marketer, and retailer of specialty coffee in the world, in connection with its tax equity investment in a 33.8 MW (AC) ground mounted solar photovoltaic generating facility located in Maxton, North Carolina developed and sponsored by VivoPower (the "Project") and in its purchase of solar renewal energy certificates related thereto from an affiliate of VivoPower.
  • NRG Energy sells south central power generating business to Cleco Corporate Holdings for $1.0 billionJones Day represented NRG Energy, Inc. in the sale to Cleco Corporate Holdings LLC (Cleco) of NRG’s South Central business for a total purchase price and cash proceeds of $1.0 billion, subject to certain adjustments.
  • Shenzhen Energy Group acquires PV solar generation facilities from Recurrent Energy for $232 millionJones Day advised Shenzhen Energy Group Co., Ltd. on its $232 million acquisition of a portfolio of PV solar generation facilities in California from Recurrent Energy, a wholly owned U.S. subsidiary of Canadian Solar.
  • Invenergy sells 175 MW Hardin wind project to subsidiary of American Electric PowerJones Day advised Invenergy, LLC in its build-transfer sale, subject to state regulatory approvals, of the Hardin wind project, a 175 MW wind energy generating facility to be developed and constructed in Hardin County, Ohio, to Appalachian Power Company, a subsidiary of American Electric Power.
  • Invenergy sells 50 MW Beech Ridge II wind project to subsidiary of American Electric PowerJones Day advised Invenergy, LLC in its build-transfer sale, subject to state regulatory approvals, of the Beech Ridge II wind project, a 50 MW wind energy generating facility to be developed and constructed in Greenbrier County, West Virginia.
  • NRG Energy sells Agua Caliente and Utah utility-scale solar projects to NRG Yield, Inc.Jones Day advised NRG Energy, Inc. in its sale of the Agua Caliente and Utah utility-scale solar projects (311 net MW) to NRG Yield, Inc. for a cash consideration of $130 million, plus assumed non-recourse project debt of approximately $464 million, excluding adjustments for working capital.
  • Major U.S. energy company seeks advice on electric and gas contracts and transactionsJones Day plays an ongoing counseling role for a major U.S. energy company on a variety of transactional matters, including deal structures, contract issues, and contract negotiation and drafting.
  • Competitive Power Ventures forms financing agreements for further development of its Keenan II wind farmJones Day advised Competitive Power Ventures Inc. in connection with the negotiation and drafting of an O&M agreement with Siemens Energy, Inc. and UpWind Solutions, Inc. for continued development of Competitive Power Venture's Keenean II wind farm in Oklahoma.
  • NRG Energy sells remaining interest in CVSR and its solar facility to NRG Yield OperatingJones Day represented NRG Energy, Inc. in its sale to NRG Yield Operating LLC of NRG Energy's remaining 51.05% interest in CVSR, which indirectly owns the CVSR solar facility.
  • KeyBank provides $106.8 million financing for five wind-powered electric generating projects in OregonJones Day represented KeyBank National Association in connection with the $106.8 million back leveraged project financing for the acquisition, development, and construction of five wind-powered electric generating projects with a total generating capacity of 50 MW located in Baker County, Oregon and sponsored by D.E. Shaw Renewable Investments, L.L.C., a leading generator of wind and solar power in North America.
  • NRG Energy sells wind assets to NRG YieldJones Day represented NRG Energy in its agreement to sell 75% of a portfolio of wind assets to NRG Yield, consisting primarily of assets acquired by NRG from Edison Mission Energy in 2014, for $210M in cash plus $145M in assumed project debt and approximately $97M in tax equity.
  • Oklahoma Gas and Electric Company negotiates EPC contract for the complete balance of plant necessary to add circulating, dry flue gas desulphurization systems at two sub-critical coal-fired steam electric generation facilitiesJones Day represented Oklahoma Gas and Electric Company in connection with the negotiation of an EPC contract for the complete balance of plant necessary for the supply, installation, interconnection, testing, commissioning, operation, maintenance and repair of circulating, dry flue gas desulphurization systems at two approximately 569 gross MW sub-critical coal-fired steam electric generation facilities located in Noble County, Oklahoma, which is part of its environmental retrofit program to comply with the U.S. Environmental Protection Agency’s Regional Haze Rules.
  • DTE Electric acquires Renaissance Power PlantJones Day represented DTE Electric Company, a subsidiary of DTE Energy, in its acquisition from the LS Power Group of the Renaissance Power Plant, a 732 MW simple-cycle natural gas facility, for approximately $240 million.
  • NRG Energy sells five power plants totaling 785 MW to NRG Yield Inc. for $1.2 billionJones Day represented NRG Energy, Inc. in the sale of five power plants totaling 785 MW to NRG Yield Inc. for $1.2 billion, including cash and assumed liabilities.
  • NRG Energy acquires Pure EnergiesJones Day represented NRG Energy, Inc. in its acquisition of Pure Energies Group, Inc., a residential solar developer.
  • Oklahoma Gas and Electric Company negotiates design, engineering and supply contract to add circulating, dry flue gas desulphurization systems at two sub-critical coal-fired steam electric generation facilitiesJones Day represented Oklahoma Gas and Electric Company in connection with the negotiation of a design, engineering and supply contract to add circulating, dry flue gas desulphurization systems at two approximately 569 gross MW sub-critical coal-fired steam electric generation facilities located in Noble County, Oklahoma, which is part of its environmental retrofit program to comply with the U.S. Environmental Protection Agency’s Regional Haze Rules.
  • NRG Yield acquires largest wind farm in North America for $2.5 billionJones Day advised NRG Yield, Inc. in the acquisition of the Alta Wind facility located in Tehachapi, California for $870 million, plus the assumption of $1.6 billion of non-resource project financings and subject to customary working capital adjustments.
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