Greenberg Traurig Advises Eolus in $66.9M All‑Cash Sale of Roccasecca Battery Energy Storage Project

MIAMI, Feb. 24, 2026 /PRNewswire/ -- Global law firm Greenberg Traurig, LLP represented Eolus, a Swedish renewable energy developer listed on Nasdaq Stockholm, in connection with the sale of Roccasecca, its stand‑alone battery energy storage system project, to a large U.S. independent power producer.

Located in Boulder City, Nevada, the Roccasecca project totals 127 megawatts/506 megawatt-hours, and sold for a total cash payment of approximately $66.9 million. The undisclosed buyer is a leading developer, owner, and operator of renewable energy assets with a portfolio exceeding 12 gigawatts of aggregate capacity, according to the company's press release.

As part of the transaction, the buyer assumed all rights and obligations associated with the project, including the 15‑year tolling agreement, equipment supply agreements, and the project finance agreements negotiated and closed by Greenberg Traurig on behalf of Eolus.

In addition to the equity sale of the project, the firm negotiated and closed the project‑finance credit facilities that funded concurrently with the transaction. These include construction‑to‑term financing and a tax equity bridge loan, which together support the project's continued buildout, expected to reach commercial operation in 2026.

Greenberg Traurig's representation of Eolus was led by Co-Head of the Global Energy Project Finance & Development Practice Jeffrey A. Chester, Corporate Shareholder Ernesto Danache IV, and Mergers & Acquisitions Shareholder Claire Hansen Suni.

The team also included Houston Environmental Shareholder Christopher L. Bell, San Diego Energy & Natural Resources Shareholder Thomas R. Brill, Co-Chair of the firm's Financial Regulatory and Compliance Practice Richard M. Cutshall, New York Corporate Shareholder Sylvie A. Durham, New York Tax Shareholder David Gillespie, Atlanta Finance Shareholder Christine M. Steenman, Minneapolis Tax Shareholder Margaret J. Weil, Charlotte Tax Associate Andrew B. Claytor, and Corporate Associate Alexandra C. Lynch.

Eolus is a leading Swedish developer of innovative and customized renewable energy solutions. The company offers sustainable investments in the Nordics, the Baltics, Poland, and the United States.

About Greenberg Traurig: Greenberg Traurig, LLP has more than 3,000 attorneys across 51 locations in the United States, Europe, the Middle East, Latin America, and Asia. The firm's broad geographic and practice range enables the delivery of innovative and strategic legal services across borders and industries. Recognized as a 2025 BTI "Best of the Best Recommended Law Firm" by general counsel for trust and relationship management, Greenberg Traurig is consistently ranked among the top firms on the Am Law Global 100, NLJ 500, and Law360 400. Greenberg Traurig is also known for its philanthropic giving, culture, innovation, and pro bono work. Web: www.gtlaw.com.

SOURCE Greenberg Traurig, LLP