Nike O. Opadiran concentrates her practice on the development, financing, and acquisition and divestiture of energy and infrastructure-related projects. She is experienced in drafting and negotiating purchase and sale agreements, financing and collateral agreements, power purchase agreements and ownership agreements.

Bio

Ms. Opadiran's representative matters have included:

  • ArcLight Capital Partners, LLC, a private equity firm, in its acquisition and acquisition financing of a portfolio of 18 renewable energy projects and the subsequent sale of a tax equity stake and a minority equity stake in a subset of that portfolio;
  • a fund of BlackRock Financial Management, Inc. in the acquisition of a 90 percent stake in CWS Wind Farm, LLC, a 30.75 MW wind farm located in Minnesota, and in the sale of a tax equity stake in CWS Wind Farm to a subsidiary of U.S. Bancorp;
  • SunEdison, Inc. and its affiliates in the:
    • development, construction, $50 million debt financing by the European Bank for Reconstruction and Development (EBRD) and Overseas Private Investment Corporation (OPIC), and sale of a 20.6 MW DC solar power plant in the Ma’an Governate in Southern Jordan;
    • sale of 81.7 MW solar photovoltaic power plants in the Republic of Honduras;
    • sale of the Rocksprings wind project; and
    • sales of multiple wind turbines and related equipment;
  • First Solar, Inc. in:
    • connection with its tax equity financing of the Kingbird project, a 40 MW photovoltaic solar power plant in Kern County, California;
    • the $1.74 billion financing and sale of the 550 MW Desert Sunlight solar photovoltaic (PV) project, one of the two largest solar PV projects in the world; and
    • the financing of the ABW Solar Projects, a cluster of three solar PV power projects located in southwestern Ontario (Canada) with approximately 50 MW of nameplate capacity;
  • Hudson Transmission Partners, LLC in the $850 million construction financing of a 660 MW underwater transmission line connecting New Jersey to Manhattan;
  • Hydro-Québec (Canada) in the:
    • negotiation of a 40-year transmission service agreement with Northern Pass Transmission LLC to acquire 1,200 MW of firm transmission capacity over a proposed $1.2 billion, 140-mile-long overhead transmission line;
    • sale of the Bucksport co-generation power plant to Verso Bucksport LLC; and
    • negotiation of a 20-year power purchase agreement with Public Service Company of New Hampshire;
  • InterGen N.V. in the $1.8 billion refinancing of its debt and credit facilities, which consisted of a five-year revolving credit facility (including a $350 million tranche and a £100 million tranche), seven-year $300 million senior secured term loan B, eight-year £175 million senior secured notes and 10-year $750 million senior secured notes. As part of this transaction, InterGen’s shareholders contributed $700 million of new equity;
  • the lenders in the acquisition financing of a 1,175 MW portfolio of natural gas-fired generating assets located in California and Alabama;
  • the U.S. Department of Transportation, as lender under the TIFIA program, in connection with following projects:
    • Dulles Corridor Metrorail Project (Silver Line Phase 2);
    • Downtown Crossing portion of the Louisville-Southern Indiana Ohio River Bridges project; and
    • Chicago O’Hare International Airport consolidated rental car facility;
  • Samchully Asset Management Co. Ltd. in its acquisition and secured hedge of a $170 million interest in the Neptune gas processing plant in Louisiana from Marathon Oil Company;
  • a leading financial institution in a $400 million tax equity investment in a portfolio of wind projects in the United States;
  • the developer in a sale-leaseback tax equity transaction with respect to a portfolio of commercial distributed generation solar photovoltaic projects located on municipality-owned sites in Massachusetts;
  • Centaurus Renewable Energy, Inc. in the sale of a tax equity stake in a 9 MW PV solar generating facility located in Indiana to a subsidiary of U.S. Bancorp;
  • the state of New Jersey in its development of a $35 billion public-private partnership transaction for the state’s toll roads;
  • Deepwater Wind LLC in the negotiation of a 20-year power purchase agreement with the Long Island Power Authority for the 90 MW South Fork offshore wind project, which will be the second-ever — and largest — offshore wind farm in the United States;
  • a Fortune 500 company in the negotiation of virtual power purchase agreements for 1.3 million MWh/year of solar and wind energy in the United States;
  • a U.S. utility in the negotiation of solar and wind power purchase agreements and renewable energy credit agreements; and
  • a U.S. utility in the negotiation of a shared use agreement for the joint use of a radial line and associated facilities.

Credentials

Education

  • J.D., Harvard Law School, 2007
  • B.S., University of Waterloo, 2003 (with distinction)

Admissions

  • New York
  • District of Columbia

Nike O. Opadiran

Counsel, Energy and Infrastructure Projects
nike.opadiran@skadden.com