In its latest high-profile energy power transaction, the renewable energy team of Pillsbury lawyers led by Mona Dajani, the Global Co-Head of the firm’s Energy & Infrastructure Projects Team and lead corporate partner together with Jorge Medina, the Global Co-Head of the firm’s Renewable Energy team and lead tax equity partner, continued its representation of S&B USA (previously Shikun and Binui America) in a triple transaction to acquire 100% of the Brazoria West Solar Project with 260 megawatts of planned solar energy productivity from Savion, part of Macquarie’s Green Investment Group. Pillsbury advised on the acquisition as well as the debt financing and tax equity financing. The financial closing occurred on November 23, 2021.

This transaction is the third major renewable asset for S&B USA Energy, after acquiring Beacon II and Beacon V in late December 2020 that Pillsbury advised.

CIT Group's Power and Energy business led the debt financing with a total credit facility of nearly $210 million, and Macquarie Capital's Green Investment Group is arranging the tax equity financing for the project.

Mona Dajani, who was the winner of 2021 MVP honors for Project Finance by Law360 for the second year in a row, said, “Pillsbury is a leading adviser to the global renewable energy space. Our multi-disciplinary practice and cross-border deal team on this unique transaction showcased the experience and capabilities our clients rely on when pursuing their strategically important investments. We congratulate Shikun and Binui on this clean energy portfolio milestone.”

Added tax partner Jorge Medina, “The success of this transaction demonstrates the ongoing importance and appetite for the renewables market in the U.S., including the importance of utilizing tax equity credits particularly when considered in the context of the Texas grid failures and current pandemic.”

Pillsbury deal counsel Shellka Arora-Cox stated, “We continue to be thrilled to represent Shikun and Binui as it expands its  presence in the U.S. and develops a diverse portfolio of renewable investments, both in terms of markets and asset type.”

Along with Mona Dajani, Jorge Medina and Shellka Arora-Cox, the Pillsbury team included partners Alicia McKnight and Veronica Relea, counsel Irina Tsveklova and associates Danielle Unterschutz and Jack Price.

For previous coverage of this deal, see here.

Established in 1924, Shikun & Binui Ltd. (S&B) is an experienced construction, development, infrastructure and real estate group, headquartered in Israel and active globally. S&B is publicly traded on the Tel Aviv Stock Exchange (SKBN) and is active in Israel and globally in the development and construction of large scale, complex heavy civil infrastructure projects including solar and energy related projects. S&B has been active in the US since 2012 and is now operating out of Pittsburgh, PA through its energy subsidiary, Shikun & Binui USA Energy, its infrastructure development and equity subsidiary, Shikun & Binui USA Concessions, and its construction subsidiary, Shikun & Binui USA Construction. For further information, visit

Pillsbury’s Energy, Infrastructure and Projects team offers exemplary, integrated service across legal disciplines, advising on international project finance, acquisitions and dispositions, tax equity, development, day-to-day operations and restructurings of complex energy, infrastructure, digital infrastructure, telecommunications and industrial projects. Possessing wide-ranging legal knowledge across the power industry, from renewables (wind, solar, hydroelectric, biomass, biofuel, geothermal, energy storage and hydrogen) to gas-fired and other thermal to nuclear generation and transmission to oil and gas, mining and commodities and infrastructure, Pillsbury’s lawyers have worked on every aspect of complex projects in over 75 countries across six continents.