Ballard Spahr represented funds managed by Argo Infrastructure Partners on an investment in a 114-megawatt portfolio of commercial and industrial solar assets contracted under long-term power purchase agreements. The portfolio is diversified across 134 sites in 12 states and is one of the largest commercial and industrial solar portfolios in North America.

"Dirk Michels and his team's knowledge of the distributed solar industry and attention to detail contributed significantly to our success. In completing the establishment of our solar platform, we are now in a position to acquire additional solar generation and storage capacity," said Aaron Gold, managing director at Argo.

"Having completed Argo's energy storage investment in 2018, it was a pleasure to support them again, applying our substantial experience in the acquisition, investment, and financing of distributed commercial solar portfolios," said Mr. Michels, lead transaction counsel and partner in Ballard Spahr's Energy and Project Finance Group in Los Angeles. "With this portfolio investment, the Argo team has shown its dedication to the solar space and is on its way to become a real powerhouse in the distributed solar and storage industry."

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