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Eric W. Macaux

Member

[email protected]

+1.617.348.1677

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Eric advises project sponsors, developers, and investors on a wide variety of transactions, including joint ventures, debt and equity financings, and mergers and acquisitions. Eric is a veteran of the renewable energy and sustainability space, having worked on a wide variety of projects, including solar, offshore and onshore wind, energy storage, EVs, energy-as-a-service, waste-to-energy, biogas, biofuels, and distributed water treatment. He has particular passion for an experience with distributed energy assets, including novel structures for financing and deploying assets at scale.  In addition to his financing experience, Eric has extensive experience with all of the critical commercial arrangements necessary to make projects successful, including power purchase and utility credit agreements, REC contracts, EPC agreements, O&M and asset management agreements, fuel supply agreements, site leases and easements. 

Eric also advises cutting-edge energy generation, energy storage, and sustainable technology clients and investors on corporate financings (debt and equity), mergers and acquisitions, and commercial matters.  He has also advised public and private companies on establishing and implementing sustainability and energy goals.

Before joining Mintz, Eric held senior positions at the Massachusetts Clean Energy Center (MassCEC), where he served as General Counsel and Senior Director for Strategy, advising the MassCEC board and other senior management on all aspects of governance, compliance, disputes, employment matters, confidentiality, and legislative and policy developments.

Education

  • Georgetown University (JD)
  • Washington University (BA, summa cum laude)

Experience

Renewable Energy Projects

  • Represented the solar development arm of a global asset manager with respect to its acquisition of over 170 MW of community solar projects in the U.S.
  • Represented a large, European offshore wind developer with respect to its development of an offshore wind project in the U.S.
  • Represented Enel Green Power with respect to its acquisition of the Lily Solar Project (148 MW solar + 50 MWh battery) in Texas.
  • Represented EcoSmart Solutions, a joint venture of global real estate investment firm Taurus Investment Holdings and Shell New Energies, with respect to the national roll-out of its business to partner with home developers to build large planned communities of zero net energy homes, including Whisper Valley, Texas.
  • Represented a leading community solar project developer and originator in New York with respect to the sale of multiple solar project portfolios.
  • Represented Ahana Renewables, formerly a subsidiary of ATN International, with respect to a $65.8M debt refinancing of its US solar assets with Legal and General Insurance, including refinancing multiple back leverage facilities and early, partial, take-out of tax equity.
  • Represented Brightcore Energy Holdings, an alternative energy, energy storage, and energy efficiency developer and asset owner, with respect to corporate financings and project developments.
  • Represented Building Energy, the former solar development arm of Aretex Capital, with respect to its acquisition, development, and sale-leaseback financing of the 17 MW Annapolis Solar project, which at the time was the largest landfill-sited solar project in the US.
  • Represented Building Energy with respect to mezzanine and debt financing of a portfolio of wind and solar projects located in New York and Iowa.
  • Represented Gaelectric Holdings with respect to its sale of the 235MW Jawbone wind project to Seventus, the renewable energy arm of Suzlon.
  • On behalf of a biogas developer, negotiated term financing for a 4.5 MW landfill gas-to-energy project in Washington, and negotiated key project documents, including PPAs, REC agreements, and O&M contract.

Energy Storage and Electric Vehicles Projects

  • Represented Nuvve Corporation (NASDAQ: NVVE), an EV charging-as-a-service company, with respect to its $750M joint venture with Stonepeak Infrastructure Partners.
  • Represented Infrared Capital Partners, a UK-based private equity infrastructure fund, with respect to its $110M investment in Hecate Grid, a joint venture with Hecate Energy to own and operate grid-scale battery storage systems in the U.S. and Canada.
  • Represented Enel Green Power with respect to its acquisition of the Lily Solar Project (148 MW solar + 50 MWh battery) in Texas.
  • Represented VionX Corporation, a flow battery technology company, with respect to initial commercial sales and utility-scale project deployments.

Other Sustainable and Infrastructure Projects

  • Represented Spring Lane Capital in its $25M investment in Aries Clean Energy, a waste gasification company.
  • Represented an equity club led by WindSail Capital with respect to its investment into Vonore Fiber Products, a waste-to-product joint venture with Genera, Inc.
  • Represented Cambrian Innovation, Inc., a water treatment technology company, with respect to a $18M joint venture with Spring Lane Capital to finance the development, ownership and operation of distributed water treatment systems in the U.S. and Canada.
  • Represented EcoSmart Solutions, a joint venture of global real estate investment firm Taurus Investment Holdings and Shell New Energies, with respect to the national roll-out of its business to partner with home developers to build large planned communities of zero net energy homes, including Whisper Valley (outside Austin, TX).
  • Represented New Energy Capital with respect to its investment in the AltAir Paramount 3,000 bpd renewable jet fuel production facility.
  • Represented Massachusetts Clean Energy Center with respect to the construction and commercial operation of the Wind Technology Testing Center, the largest wind blade testing facility in North America.
  • Lead counsel to the developer of North America’s first marine commerce terminal purpose-built to support offshore wind projects, the New Bedford Marine Commerce Terminal.

Emerging and Growth Companies

  • Represented Greentech Media, Inc. in the sale of its business to Woods Mackenzie (Verisk Analytics, Inc.)
  • Represented Gradiant Corporation, a leading water treatment technology company, with respect to multiple equity and debt corporate financings, expansion to global markets (Asia, GCC), spinouts, and commercial matters.
  • Represented New York Green Bank and NYSERDA with respect to the New York Climate Progress investment program, which makes low-cost convertible note investments in New York clean energy companies impacted by the COVID pandemic.
  • Represented a privately-held solar developer and asset owner in the sale of its business to a large private equity fund.
  • Represented Natural Systems Utilities, a water reuse technology company, with respect to its equity financing with New Energy Capital and XPV Capital.

Recognition & Awards

  • Included on the Massachusetts Super Lawyers list: Rising Star – Securities & Corporate Finance (2016 – 2017)
  • Hyman Meltzer Memorial Award for Excellence in Research, Washington University
  • Phi Beta Kappa

Involvement

  • Judge, MIT Clean Energy Prize: Renewable Energy Track Grand Finals (2016)

Recent Insights

News & Press

Events

Viewpoints

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MassCEC Upcoming Programs

September 27, 2019 | Blog | By Sahir Surmeli, Eric Macaux

Read more
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Mintz Continues to Expand Project Development & Finance Team

June 7, 2019 | Article | By Thomas R. Burton, III, Sahir Surmeli

Mintz Continues to Expand Project Development & Finance Team
Read more
In May, Mintz Levin client Axiom Exergy closed an impressive $7.6 million Series A round to scale its cold-storage device for grocery stores, bringing its total fundraising to $12.5 million.
Read more
Following months of speculation, on January 23, 2018, the Trump Administration issued a Proclamation announcing new tariffs on imported solar cells and modules (the “Solar Tariff”) in response to the Section 201 petition brought by Suniva and SolarWorld Americas.
Read more
As Sponsors of MIT’s Energy Venture Alumni Event, celebrating the past 10 years, Mintz’s attorneys are taking this opportunity to countdown the top 10 moments in energy which they feel impacted the industry and their practice.
Read more

Trends and Tips – Tax Equity for Mid-Market Energy Projects

November 1, 2016 | Blog | By Eric Macaux

Last week’s “Financing Renewable Energy” tax credit conference, by Novogradac and Company, affirmed some market trends that we have seen in recent project finance deals.
Read more

News & Press

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Mintz Member Eric Macaux was quoted in an article published by Law360 on keys to submitting winning clean energy project bids, including the importance of the ability to secure any necessary permits.
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An article published by Greentech Media included insights from Mintz Member and Chair of the firm’s Energy & Sustainability Practice Tom Burton and Member Eric Macaux on M&A activity in the U.S. solar industry during the first half of 2020.
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Mintz Member and Chair of the firm’s Energy & Sustainability Practice Tom Burton and Member Eric Macaux were quoted in an article published by Law360 on disputes related to the New England Clean Energy Connect project, an effort to build a $1 billion power line to ship Canadian hydroelectricity to Massachusetts.
An August 27 article published by American Banker examined a heightened interest in investing in renewable energy from Fifth Third Bancorp, as well as other big banks and regional and community banks. The article included commentary from Mintz Member and Chair of the Project Development & Finance Practice Audrey Louison and Mintz Member Eric Macaux.
Fifty-three Mintz attorneys have been named Massachusetts Super Lawyers for 2016 and thirty-one have been named Massachusetts Rising Stars. The findings will be published in the November 2016 issue of Boston Magazine and in a stand-alone magazine, New England Super Lawyers. 
Mintz attorneys represented Greentech Media, Inc. in its sale to Verisk Analytics, Inc., a leading data analytics provider. Greentech Media is an industry-leading information services provider for the next-generation electricity and renewables sector.

Events

Speaker
Aug
19
2020

Cleantech San Diego Member Webinar with Mintz

Trends in Energy Generation and Energy Storage amid COVID-19

This is an online event.

Webinar Reference Image
Mar
18
2020

Party on the Patio with Mintz

At the Solar Power Summit - March 18

Omni La Costa Resort & Spa | VUE Restaurant Patio

Panelist
Oct
29
2019

Power & Renewables Summit 2019

Greentech Media

AT&T Executive Education & Conference Center, 1900 University Ave., Austin, TX

Panelist
Sep
19
2019

Horizon19

Boston Convention & Exhibition Center, 415 Summer St., Boston, MA

Panelist
Jul
30
2019

Northeast Solar & Storage Forum

Greentech Media

Convene Boston, 201 Washington St, 2nd Floor, Boston, MA

Moderator
May
22
2019

Where Real Estate and Cleantech Trends Converge

NECEC's Emerging Trends Series

Mintz, One Financial Center, Boston, MA

Speaker
Jun
23
2016

Getting Savvy on Series A Financings

Venture Café

Cambridge, MA

Speaker
Nov
17
2015

Keynote: US Power Sector & Project Finance

Sustainatopia

Hyatt Regency Boston, MA