Neeraj Arora’s practice focuses on the representation of sponsors and financial institutions in a broad array of project development and finance transactions, including single-asset and multiasset nonrecourse project financings. He has been involved with the project development and/or financing of a broad range of large energy infrastructure assets, including conventional (gas and coal) and renewable (energy storage, solar, wind, biomass, and geothermal) power generation projects, transmission lines, and pipelines. Neeraj currently serves as a co-leader of Morgan Lewis’s global energy industry team.
Neeraj has experience in energy storage projects, including his work on one of the largest lithium-ion battery projects in the world. Neeraj advises clients on the acquisition and disposition of projects, off-take agreements and the operation and management of projects. He also has experience negotiating power purchase agreements, for which he has negotiated both on the utility and developer side for a number of significant projects with an aggregate value in excess of US $3 billion.
Various lenders in connection with construction, bridge, and term debt financing of utility scale solar projects that include tax equity ownership.
A sponsor in connection with the tax and debt (both project level and mezzanine) of a utility scale wind project.
An independent power producer in connection with the development of two energy storage projects in San Diego on an expedited basis in connection with the California Public Utilities Commission’s resolution for an emergency energy storage solicitation, one of which is the largest lithium-ion battery project in the world as of January, 2017.
An independent power producer in connection with the negotiation of an off-take arrangement for a storage plus solar project across from the Kauai Island Utility Cooperative.
An independent power producer in connection with development of an energy storage project across from a mid-western utility.
Multiple developers in connection with their bids into Requests for Offers for energy storage projects across from each of the three major California Investor Owned Utilities.
A strategic investor in connection with an investment into an energy storage project that has an off-take contract with a California investor owned utility.
A group of commercial banks in connection with the greenfield construction financing of the 1,028 MW Freedom Project located in Pennsylvania.
A commercial bank in connection with the refinancing of a portfolio of assets owned by an independent power producer, which includes over 500-MW of generation from California to Colorado.
An independent power producer in connection with the financing of a 200-MW natural gas peaking project located in Northern California.
An independent power producer in connection with their negotiation of power purchase agreements with Southern California Edison Company for more than 1,200-MW of new combined cycle gas fired generation in Southern California.
A publicly traded REIT in connection with the financing and refinancing of their corporate credit facility and the acquisition of a portfolio of assets with an aggregate value in excess of US$2 billion.
A project sponsor in connection with the Term Loan B construction financing of an ethane pipeline, which spans approximately 430 miles from the United States to Canada, and which was named the North American Downstream Oil & Gas Deal of the Year in 2013 by Project Finance Magazine.
An independent power producer in connection with the construction financing of a two-phase 150-MW photovoltaic solar power project located in Boulder City, Nevada and another 250-MW photovoltaic solar power project located in Boulder City, Nevada.
A private equity fund in connection with their financing of an approximately 235 mile transmission line in the Texas Competitive Renewable Energy Zone.
A commercial bank in connection with the construction financing of a 584-MW combined cycle gas fired power project.
A commercial bank in connection with the financing of a 47-MW biomass power project located near Mecca, Riverside County, California.
An independent power producer in connection with the financing of a 30-MW geothermal power project located in Nevada.
A sponsor in connection with the financing of an alternative energy technology to expand an existing refinery to generate synthetic diesel.
The purchaser in connection with the debt financing of an approximately 80 MW solar project that was subject to an inverted lease structure in order to being in tax equity investors.
The investors in connection with debt and equity investments into a distributed electricity company.
Solar developer in connection with numerous non-recourse construction project financings in connection with the development of distributed solar projects.
The seller in connection with a build-own-transfer project for a significant in front of the meter lithium-ion battery energy storage project.
Yale Law School, 2005, J.D.
University of California, Los Angeles, 2001, B.A., Magna Cum Laude
Awards and Affiliations
Recommended, Finance: Project finance, The Legal 500 US (2018–2020)
Recommended, Industry focus: Energy: renewable/alternative power, The Legal 500 US (2017, 2020)
Recommended, Industry focus: Energy: transactions: conventional power, The Legal 500 US (2017, 2020)
Up and Coming, Projects, USA, Chambers Global (2020)
Ranked, Projects: Renewables & Alternative Energy, Nationwide, Chambers USA (2020)
Ranked, Projects, Nationwide, Chambers USA (2018–2020)
Most Influential Minority Attorneys, Los Angeles Business Journal (2019)
Recognized, 9th Annual Emerging Leaders Awards, The M&A Advisor (2018)
Member, Law Firm of the Year, Energy/Projects: Power (including Renewables), Chambers USA (2018)
Member, Energy Editorial Advisory Board, Law360 (2018, 2019)