backNew York, NY, October 15, 2014 — King & Spalding advised Patagonia Works, an outdoor apparel company based in Ventura, California, in the company’s $13 million tax equity investment in a fund that will deliver solar energy systems to residential customers in Hawaii. Patagonia joined with local solar finance company Kina’ole Capital Partners, LLC to create a new $27 million fund that will purchase more than 1,000 rooftop solar energy systems in Hawaii, where homeowners currently pay three times the U.S. average price for electricity.
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The King & Spalding team included Charlotte/New York corporate partner Richard M. Bange, Houston global transactions senior associate Denis Fallon, Washington tax partner Abraham N.M. “Hap” Shashy and associate Ariana Wallizada.
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Celebrating more than 125 years of service, King & Spalding is an international law firm that represents a broad array of clients, including half of the Fortune Global 100, with 800 lawyers in 17 offices in the United States, Europe, the Middle East and Asia. The firm has handled matters in over 160 countries on six continents and is consistently recognized for the results it obtains, uncompromising commitment to quality and dedication to understanding the business and culture of its clients. More information is available at www.kslaw.com.