Faegre Drinker Advises Nexus Renewable Power and Bad Carbon on $100 Million Equity Investment

Co-leader of the firm’s energy transactions team and partner Deanna Reitman advised on a transaction between Nexus Renewable Power and Bad Carbon for a $100 million equity investment capitalizing Geologic Environmental Mineral Sequestration (GEMS™) credits.

The firm’s energy transaction team is committed to supporting this and other impact-driven transactions that address transparency, accountability, and the digitalization of carbon commodities markets.

"The Bad Carbon collaboration establishes an effective benchmark for credible, market-driven transition strategies," said Reitman. "Innovative projects like this create meaningful opportunities for the energy and commodities markets to strengthen resource security and deliver measurable energy transition benefits.”

A cross-office, cross-practice Faegre Drinker team supported the transaction, including finance and restructuring partner Glenn Reitman and Alex Yim; partner and co-leader of the firm’s energy transactions team Chris Berendt, counsel Brian Pickard and associate Anya Gersoff; business litigation partners Peter Baldwin and Kathy Osborn, and counsel Anna Berhmann; intellectual property partner Gary Weinstein and associate Tamara Criss; investment management partner Jeff Blumberg; corporate partner Jason Deppen; and insurance partner Peter Fabiankovic.

The full press release is available to subscribers at peakload.com.