DLA Piper advises Exelon in US$810 million agreement to sell solar business to Brookfield Renewable

DLA Piper is representing Exelon Corporation (NASDAQ: EXC) and its subsidiary Exelon Generation Company in the sale of Exelon Generation’s solar business to Brookfield Renewable Partners for US$810 million. The deal is expected to close in the first half of 2021.

Exelon Corporation is a Fortune 100 energy company serving electricity and natural gas customers across the United States and doing business in 48 US states. Exelon Generation’s solar business includes 360 megawatts of generation in operation or under construction across nearly 600 sites located throughout the US. With the purchase, Brookfield Renewable is expected to retain approximately 60 employees who comprise the solar business.

“We’re pleased to have represented Exelon in this important transaction,” said Andrew Weil, the DLA Piper attorney who helped lead the representation of Exelon. “Our deep understanding of the energy sector, particularly in the renewable space, was integral to our successful involvement in this deal.”

In addition to Weil (Chicago), the DLA Piper team that is leading the transaction on behalf of Exelon includes partner Drew Young (New York) and of counsel Rachel Ramos (Los Angeles). The following DLA Piper attorneys are also involved in the matter: partners Paolo Morante (New York) and Rita Patel and Vanessa Wilson (both of Washington, DC) and Brad Jorgensen (Austin); of counsel Vladimir Fet (Los Angeles) and Jeffrey Kuhn (Albany); senior attorney Susie McCann (Phoenix); and associates Tyler Davis and Sarah Nabors (both of Houston), Christopher Pearson (Washington, DC), and Karun Ahuja (Chicago).

With more than 1,000 corporate lawyers globally, DLA Piper helps clients execute complex cross-border transactions seamlessly while supporting clients across all stages of development. The firm has been rated number one in global M&A volume for ten consecutive years, according to Mergermarket.