Mintz Advises US Department of Energy LPO on $1.45B Loan Guarantee to Qcells
Mintz represented the US Department of Energy (DoE) Loan Programs Office (LPO) in the closing of a $1.45 billion loan guarantee to Hanwha Q Cells Georgia, Inc. (QCells), a leading North American crystalline silicon solar manufacturer.
The loan guarantee will support Qcells’ solar supply chain facility in Cartersville, Georgia, which will produce ingots, wafers, cells, and finished solar panels. The facility will be the largest ingot and wafer plant ever built in the US and will reestablish critical parts of the domestic solar supply chain. The factory will also be the first fully integrated silicon-based solar manufacturing facility constructed in the US in over a decade. Once fully operational, the facility is expected to produce 3.3 GW of solar panels per year, enough to supply panels to half a million American households. As a result, the project will reduce emissions from power generation by more than 5 million tons of CO2e per year.
The Mintz team was led by Paul Dickerson, Ayaz Shaikh, and Kris Kirkwood with support from Gregg Benson, Eric Blythe, Jacklyn Branby, Libby Decker, Gretchen Goyette, Jacob Hupart, Katrina Klinkhammer, Mary Lungu, Michael McNamara, Emily Moniz, Matt Panebianco, Lyndon Plothow, Josh Rudin, Matt Shoemaker, Geoff Smith, Bill Squires, and Xandy Walsh.
More information about the Qcells project is available here.
The Mintz Energy & Sustainability team is committed to advancing innovation, transforming infrastructure, and scaling solutions integral to business success and a thriving planet. Led by Co-Chairs Tom Burton and Sahir Surmeli, and comprising Projects & Infrastructure Chair Ayaz Shaikh and Member Paul Dickerson, the team includes 15 core members and 50+ industry-leading attorneys and professionals across legal disciplines. As one of the first law firms to develop a practice focused on energy and sustainability innovation, Mintz has helped clients complete 800+ transactions over nearly two decades, with more than $30 billion in investment value raised. The practice currently serves 250 clients spanning the climate tech, energy transition, sustainable infrastructure, and green industrial sectors. More information is available here.
About Mintz
Mintz is a litigation powerhouse and business accelerator serving leaders in life sciences, private equity, energy, and technology. The world’s most innovative companies trust Mintz to provide expert advice, protect and monetize their IP, negotiate deals, source financing, and solve complex legal challenges. The firm has over 600 attorneys across offices in Boston, Los Angeles, Miami, New York, Washington, DC, San Francisco, San Diego, and Toronto.