Recent M&A Activity:
April 1, 2021: SunStreet, a subsidiary of
Lennar (NYS: LEN), was acquired by Sunnova Energy (NYS: NOVA) for
$354.5 million. Under the terms of the agreement and earnout
agreement, Lennar will receive total consideration of up to 7.22
million shares of Sunnova common stock, which is comprised of 3.33
million shares in initial consideration payable at closing and 3.89
million shares in consideration associated with two earnouts.
SunStreet is a provider of solar panel systems that designs solar
panels to produce more solar energy than most traditional
systems.
April 6, 2021: Recycled Energy Development, a
subsidiary of Ironclad Energy Partners, reached a definitive agreement to be acquired
Highlights
The Massachusetts Executive Office of Energy and Environmental
Affairs (EEA) has issued its draft Massachusetts Environmental
Policy Act (MEPA) Interim Protocol on Climate Adaptation and
Resiliency (the Interim Protocol), as well as a draft Interim
Protocol for Environmental Justice Outreach (the EJ Interim
Protocol).
The Interim Protocol is designed to encourage development
projects to utilize the best available climate projections for
Massachusetts to consider risks and impacts associated with sea
level rise, increased intensity of precipitation and increases in
average temperature.
This Holland & Knight alert is the second in a series
covering Massachusetts initiatives targeting the Commonwealth s
anticipated need for climate change adaptation, focusing on the
MEPA Office Issues Draft Interim Protocol on Climate Adaptation and Resiliency | Holland & Knight LLP jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
This Holland & Knight alert provides a brief introductory overview highlighting some of these efforts. A series of alerts and blog posts to follow will analyze each of these initiatives in further detail, focusing on the potential implications for real estate development and permitting in Massachusetts.
Topics that the series will follow include:
MEPA Interim Protocol on Climate Adaptation and Resiliency
The Executive Office of Energy and Environmental Affairs (EEA) released a draft Massachusetts Environmental Policy Act (MEPA) Interim Protocol on Climate Adaptation and Resiliency (the Interim Protocol) in compliance with Gov. Baker s Executive Order 569. The Interim Protocol is designed to encourage development projects to utilize the best available climate science data and projections for Massachusetts to consider risks and impacts associated with sea level rise, increased intensity of participation and increases in average temperature. Once finalized, all new projects filing wi