Nike O. Opadiran concentrates her practice on tax equity and debt financings, tax credit transfers, mergers and acquisitions, joint ventures and project development transactions involving renewable energy, data center and other infrastructure projects in the U.S. and internationally.
Opadiran’s clients include sponsors, strategic investors, financial institutions and multilateral agencies, and she has particular experience with offtake agreements and matters involving electric transmission. She is experienced in drafting and negotiating financing and collateral agreements, purchase and joint ownership agreements, power purchase agreements and transmission service agreements.
Lawdragon Honors
| Honor | Year | Practice |
|---|---|---|
| The 2026 Lawdragon 500 Global Leaders in Energy | 2026 | Energy & Infrastructure Development, Tax |
| The 2025 Lawdragon 500 Leading Energy Lawyers | 2025 | Energy & Infrastructure Development, Tax |
Tax Equity Financings and Tax Credit Monetization
Opadiran has represented sponsors and investors in tax equity financing and tax credit transfer transactions of all types. Significant and recent representations include:
- Bank of New York Mellon in:
- a $400 million tax equity investment in a portfolio of wind projects owned by EDP Renewables
- a tax equity investment associated with the repowering of a portfolio of wind projects owned by Enel
- EDP Renewables in Citibank’s and Allianz’s $400 million tax equity investment in a portfolio of wind projects
- Pattern Energy in the debt and tax equity financing of a solar project
- Urban Grid in:
- the debt and tax equity financing of its Alton Post Office Solar and Foxglove Solar projects
- the debt and tax equity financing of its Egypt Road Solar, Morgnec Road Solar and Spring Grove II Solar projects
- a fund of BlackRock Financial Management in its acquisition and U.S. Bancorp’s tax equity investment in a wind project
M&A and Joint Ventures
Opadiran has extensive experience representing buyers and sellers in investments in energy and infrastructure-related projects. Significant and recent representations include:
- Ardian Infrastructure Partners in the formation of Skyline Renewables, a partnership with Transatlantic Power Holdings to develop a portfolio of wind projects
- Brookfield Renewable in its:
- $540 million acquisition of Standard Solar, a distributed solar business
- sale of a 50% stake in its North American distributed energy platform
- Ocean Winds in a joint venture with Canada Pension Plan Investment Board to develop Golden State Wind, an offshore wind project in California
- Wisconsin Public Service Corporation in the negotiation of joint ownership and operating agreements in connection with its joint acquisition with Madison Gas and Electric and Wisconsin Power and Light of a wind project
Offtake and Transmission
Opadiran advises clients in the development and financing of transmission projects and the negotiation of power purchase agreements (PPAs) and other offtake arrangements. Significant and recent representations include:
- Hudson Transmission Partners in the $850 million construction financing of a 660 MW underwater transmission line connecting New Jersey to Manhattan
- Hydro-Quebec in:
- its winning bid in a New York RFP, including negotiating a renewable energy certificates (REC) purchase agreement and related transmission rights agreement for hydro power to be transmitted over the Champlain Hudson Power Express, a transmission line to be developed by a Blackstone portfolio company
- its winning bid in a Massachusetts RFP, including negotiating PPAs with Eversource Energy, National Grid and Unitil and related transmission services agreements for hydro power to be transmitted over the New England Clean Energy Connect, a transmission line to be developed by a subsidiary of Avangrid
- SouthCoast Wind (formerly Mayflower Wind) in its winning bid in a Massachusetts RFP, including negotiating PPAs with Eversource Energy, National Grid and Unitil for 1200 MW of offshore wind