Anna Karapetyan

Anna Karapetyan’s practice focuses on business transactional law, with an emphasis on real estate and corporate transactions. She has significant experience in the development, construction, and debt and tax equity financing of utility-scale energy projects, including wind, solar, battery storage, and electrical transmission projects throughout California and the United States.

Anna’s experience includes:

Real Estate Contracts: Advises clients in all stages of a transaction, from structuring the deal and conducting diligence, including reviewing complex title, survey and zoning matters, to permitting, development, and negotiation of a variety of land rights, including lease agreements, option agreements, purchase and sale agreements, easements, licenses, loan agreements, and ancillary documents, as well as structuring projects throughout the U.S. in a financeable manner.
Solar: Advises clients on real estate and development matters for solar energy generation projects both in commercial operation and currently under development. Advised Terra-Gen in the development, debt and tax equity financing for the Edwards Sanborn Solar and Storage Project consisting of 410 MWac of solar modules 1,443 MWh of battery storage, which was the largest single solar and battery storage project to be financed. This transaction was named the Americas Renewables Deal of the Year by Project Finance International.
Wind: Advises clients on the development and dent and tax equity financing of wind projects, including operational issues and the divestiture of utility-scale wind energy projects.
Energy Storage: Advises clients on real estate and development matters for hybrid solar and energy storage and standalone energy storage projects, including related debt and tax equity financing.
Transmission: Advises clients on transmission lines associated with renewable energy projects and standalone transmission projects, substations, switchyards, and HV converter stations.

Anna is actively involved within Reed Smith and serves as the Associate Committee Representative and as the WINRs Representative in the Century City Office. She has also served on the Summer Associate Committee every year since joining the firm after law school. While at USC Gould School of Law, Anna was the Managing Editor of the RLSJ Law Journal and was the published author of a note. Additionally, Anna served as the Supervisor of the Intellectual Property and Trademark Clinic.

Experience

Representative matters

Advised affiliates of Terra-Gen on the site acquisition, development, construction financing, and tax equity financing of the first two phases of the Edwards Sanborn Solar and Energy Storage Facility in California, comprising over $2 billion in total capital commitments and about 3,300 MWh of energy storage capacity.

Advised a project developer on the development and construction financing for a $652 million wind energy generation project. The project is among the largest and most complex of its kind with a 400-megawatt capacity involving multiple federal, state and local governmental agencies. The project spanned more than 95,000 acres of land across two counties and involved over 250 landowners.

Represented a project developer in the sale of a wind project to a public utility, with a purchase price exceeding $600 million. This project was one of the largest in the US Midwest with turbines capable of powering 120,000 homes.

Represented the owner and developer of utility-scale energy storage projects in connection with project development and debt and equity financing of battery energy storage projects located in California and Texas, with capital commitments for this phase of the project exceeding $350 million and including battery storage on approximately 1,200 acres of land, with additional phases to follow.

Advised a renewable energy developer on the development and debt and tax equity financing for one of the largest wind developments in the world, located in California.

Advised a renewable energy developer on the acquisition of a 50% interest from a leading energy company in two operating solar projects in California with a total capacity of 80 MW, plus certain development rights for a third project.

Advised a large bank on the construction financing of a mixed-use development in San Francisco, consisting of 38 residential condominium units and ground-floor retail.

Represented the project owner in the sale of a portfolio of solar and battery energy storage projects located on and adjacent to an Air Force base in California.

Advised a utility-scale renewable energy developer in the sale of two geothermal power plants in Nevada, including related geothermal development rights.

Advised a project owner on construction, debt and tax equity financing for a portfolio of 7 solar projects.

Represented a real estate investment firm in connection with the acquisitions and debt financings of two Marriott franchised hotels in Florida.