Bio

Sarah Ridel represents clients in the development, financing, acquisition and divestiture of energy and infrastructure projects. Ms. Ridel's experience includes representing:

  • Ardian in the formation of a partnership with Transatlantic Power Holdings to form a U.S. renewables platform, Skyline Renewables, which will focus on acquiring, operating and developing projects in the U.S. onshore wind sector and is targeting a total installed capacity of 3 GW;
  • Bank of America in connection with a development loan for 8minutenergy Renewables' 245 MW Mount Signal Solar 3 project;
  • Big River Steel in connection with a $1.225 billion financing consisting of $600 million of senior secured notes due 2025, a six-year $400-million senior secured term loan facility and a five-year $225-million asset-based lending facility;
  • Brookfield in connection with the $199 million refinancing of the Smoky Mountain Hydropower portfolio in North Carolina and Tennessee;
  • Citigroup and the co-placement agents in a $421 million 4(a)(2) private placement of senior secured notes issued by sPower. The proceeds of the notes were used to finance the operations of a portfolio of 39 solar and two wind generating facilities. This transaction was named Americas Renewables Deal of the Year for 2017 by Project Finance International and North America Renewables Project Finance Deal of the Year by Power Finance & Risk;
  • Emera in its $590 million sale of three natural gas-fired generation facilities in New England to The Carlyle Group L.P.;
  • Enel Green Power North America in the acquisition of a 50 percent interest in a 650 MW portfolio of operating renewable energy assets, including three geothermal plants, two solar PV projects and two wind farms;
  • Goldman Sachs, Morgan Stanley, SG Americas Securities and the lenders in connection with a four-year, $750 million revolving credit facility for Cheniere Energy;
  • Pattern Development in its $285 million sale of the Western Spirit Transmission Project in New Mexico to PNM Resources;
  • Pattern Energy in:
    • securing construction and tax equity financing for the approximately 220.5 MW Grady wind farm; and
    • its acquisition of a transmission project and associated wind project being developed in the southwestern U.S. from subsidiaries of Clean Line Energy Partners;
  • the underwriters on a $12 billion sovereign bond offering by the State of Qatar;
  • SunEdison in the $15 million sale of its commercial and industrial division to Mitsui & Co.; and
  • a tax equity investor in connection with both inverted leases and partnership flips for portfolios of residential distributed solar generation projects.

Credentials

Education

  • J.D., Harvard Law School, 2015 (cum laude)
  • B.A., The University of Texas, 2008

Admissions

  • New York
  • District of Columbia

Sarah R. Ridel

Associate, Energy and Infrastructure Projects
sarah.ridel@skadden.com