Kirkland Advises Talen on Sale of Zero-Carbon Data Center Campus
Kirkland & Ellis counseled Talen Energy Corp. (OTCQX: TLNE) on the sale of its 960-megawatt Cumulus data center campus in northeast Pennsylvania to a major cloud service provider. As part of the transaction, Talen and the cloud service provider have agreed to a long-term power purchase agreement whereby Talen will sell carbon-free, behind-the-meter power to the service provider from Talen’s adjacent Susquehanna nuclear plant.
The Kirkland team was led by corporate partners Bill Benitez, Josh Teahen and Andy Calder; and energy regulatory partner Drew Stuyvenberg led the Kirkland team in connection with the power purchase agreements. The team also included real estate partner John Caruso and associates Vincent Forcinito and Max Baird; corporate partner Blake Longoria and associate Jacob Volz; energy regulatory associate Cassidy Hall; tax partner Mark Dundon; and debt finance partners Lucas Spivey and Osaro Aifuwa.
