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Tristan Pelham Webb is a partner in King & Spalding’s Finance practice resident in the New York and Denver offices. Tristan is a key member of King & Spalding's power, energy and infrastructure project finance team, handling a wide variety of greenfield and brownfield development and construction project financings, leveraged financings and acquisition financings.

Tristan has extensive experience advising foreign and domestic project developers, sponsors, investors and lenders in all aspects of the development, construction, financing, acquisition and divestiture of major power, energy and infrastructure projects, including deep expertise in the renewables, energy innovation and energy transition sectors.  Tristan also has broad experience assisting clients in strategies to monetize a variety of tax credits associated with renewables, energy innovation and energy transition projects, including through tax equity, tax credit transfer, tax insurance and credit sharing arrangements.

 

Full Bio

Credentials

J.D., New York University School of Law, Magna Cum Laude

B.A. Philosophy, Bates College

Colorado

New York

Law Clerk, Theodor Meron, International Criminal Tribunal for the former Yugoslavia

Next Generation Partners - Renewable & Alternative Power


Legal 500, 2024

Band 4 - Projects USA - Nationwide


Chambers & Partners

Law 360 Project Finance Editorial Board, 2023


Law 360, 2023

Next Generation Partners - Project Finance


Legal 500, 2023 and 2024

Rising Stars - Project Finance - 2022


Law360

Best Lawyers - Project Finance


Ones to Watch 2021-22

Close

Recognition

Next Generation Partners - Renewable & Alternative Power


Legal 500, 2024

Band 4 - Projects USA - Nationwide


Chambers & Partners

Law 360 Project Finance Editorial Board, 2023


Law 360, 2023

Next Generation Partners - Project Finance


Legal 500, 2023 and 2024

Rising Stars - Project Finance - 2022


Law360

Best Lawyers - Project Finance


Ones to Watch 2021-22

Matters

8minutenergy on the negotiation and execution of multiple power purchase agreements, including (i) a power purchase agreement with NRG Energy Marketing for its proposed 250 MWac Galloway facility in Texas and (ii) a power purchase agreement with NRG Energy Marketing for its proposed 125 MWac Norton facility in Texas. (2018)

Axium Infrastructure on the acquisition & financing (including interest rate hedges) of 50% equity interests in each of the 65 MW Dry Lake II wind project in Arizona and the 20 MW Copper Crossing solar project in Arizona. (2019)

Carlyle Power through its portfolio company, Cogentrix Energy Power Management, LLC on the acquisition, financing, long-term wind and renewable energy credit hedging and ultimate sale of a 600 MW portfolio of six operating wind projects in upstate New York. (2019)

See more

Close

Matters

8minutenergy on the negotiation and execution of multiple power purchase agreements, including (i) a power purchase agreement with NRG Energy Marketing for its proposed 250 MWac Galloway facility in Texas and (ii) a power purchase agreement with NRG Energy Marketing for its proposed 125 MWac Norton facility in Texas. (2018)

Axium Infrastructure on the acquisition & financing (including interest rate hedges) of 50% equity interests in each of the 65 MW Dry Lake II wind project in Arizona and the 20 MW Copper Crossing solar project in Arizona. (2019)

Carlyle Power through its portfolio company, Cogentrix Energy Power Management, LLC on the acquisition, financing, long-term wind and renewable energy credit hedging and ultimate sale of a 600 MW portfolio of six operating wind projects in upstate New York. (2019)

Carlyle Power through its portfolio company, Cogentrix Energy Power Management, LLC on the structured spark spread and heat rate call option transactions (and associated credit sleeving) for its portfolio of three natural gas-fired combined-cycle generating facilities totaling in excess of 1,100 MW in New England. (2019)

Capital Dynamics on the acquisition from Middle River Power and the subsequent development and construction of the 60 MW / 240 MWh Coso battery storage project located in California as one of the first battery storage projects selected to meet the CPUC’s mandate to meet California’s rapidly increasing needs for resource adequacy. (2020)

Capital Dynamics/Arevon on its financing and acquisition of a 300MW portfolio of operating solar power plants from LS Power and its follow-on acquisition and financing of the remaining 69.98% interest in Arlington Valley Solar Energy II (AVSE II), a 175MWDC solar PV project, from funds managed by affiliates of Apollo Global Management. (2020)

Axium Infrastructure on the acquisition & financing (including deal contingent interest rate hedges) of a 49% interest in Constellation Renewables Partners, a 1,415 MW diversified portfolio of twenty-four wind and four solar assets in the United States, and an incremental delayed draw term loan facility to fund contribution obligations of its joint venture interest for the repowering of the 70 MW Criterion wind farm in Maryland. (2021)

Axium Infrastructure on the acquisition & financing (including interest rate hedges) of 50% equity interests in each of the 65 MW Dry Lake II wind project in Arizona and the 20 MW Copper Crossing solar project in Arizona. (2021)

Axium Infrastructure and Morongo Transmission on the private placement notes financing of the West of Devers upgrade project, a 48 mile, 220 kV double circuit transmission line to increase the transmission capacity of the existing West of Devers corridor from the current 1,600 MW to approximately 4,800 MW. (2021)

Axium Infrastructure on its acquisition of a large equity interest in CPV Three Rivers Energy Center, a 1,258 MW power project to be constructed in Illinois, from affiliates of GE and Competitive Power Ventures and related financing matters. (2021)

Carlyle Power through its portfolio company, Cogentrix Energy Power Management, LLC on the sale of its Effingham 511 MW combined-cycle gas generation and transmission facility in Rincon, Georgia, and associated debt financing matters. (2021)

J.P. Morgan in connection with a tax equity and wind hedge restructuring and back-leverage Winter Storm Uri rescue financing for over 460 megawatts of windfarms in Texas. (2021)

J.P. Morgan on the Winter Storm Uri rescue financing and tax equity & wind hedge restructuring of Skyline Renewable’s 460MW aggregate Horse Creek and Electra wind farms in Texas. (2021)

Axium Infrastructure on its acquisition from Blackrock and financing of a portfolio of more than 1 GW of wind generating facilities across the United States with an aggregate enterprise value in excess of $700mm. (2022)

Axium Infrastructure and its portfolio company BWC Holdings/Bluewave on a development-stage revolving loan and letter of credit facility structured to finance Bluewave's operations, development, build out and expansion of its pipeline of solar and storage facilities currently in excess of 2.3 GW. (2022)

The sponsors in connection with the refinancing of the Middletown Energy Center, an approximately 485 MW combined-cycle generating facility in Middletown, Ohio. (2022)

The sponsors in connection with the refinancing of the Kings Mountain Energy Center, an approximately 485 MW combined-cycle generating facility in Kings Mountain, North Carolina. (2022)

Axium Infrastructure in connection with the acquisition financing of an 80% interest in Edwards-Sanborn 1A, a 1,505 MWh battery storage and 346 MW solar photovoltaic power project in California acquired from Terra-Gen. (2023)

D.E. Shaw Renewable Investments on its upsized $150mm corporate revolving facility for general corporate purposes and issuance of letters of credit supporting development of its portfolio of renewable power generation assets, including a committed $100mm incremental revolving credit facility. (2023)

An independent solar developer and sponsor in connection with the bridge financings of a pre-FID photovoltaic 375 MWdc and 1,200 MWh battery storage project in Southern California. (2023)

Axium Infrastructure in connection with the sale and private placement acquisition financing of its joint venture ownership interest in Morongo Transmission, the owner of an interest in the West of Devers Transmission Upgrade Project, a 48 mile, 220 kV double circuit transmission line that increased the transmission capacity of the existing West of Devers corridor from 1.6 gigawatts to approximately 4.8 gigawatts that connects renewable energy resources in the Coachella Valley with Los Angeles. (2024)

Carlyle Power, through its portfolio company Cogentrix Power, in connection with the sale to Oglethorpe Power Corporation of the Walton County project, an approximately 465 megawatt natural gas-fired simple-cycle electric generation facility located in Walton County, Georgia. (2024)

Carlyle Power, through its portfolio company Cogentrix Power, in connection with the sale to Georgia Gulf Southeast PowerGen of the Monroe project, an approximately 309 megawatt natural gas-fired simple-cycle electric generation facility located in Monroe, Georgia and its joint venture interests in the Sandersville project, an approximately 585 megawatt natural gas-fired simple-cycle electric generation facility located in Warthen, Georgia. (2024)

Instar in connection with the term loan A refinancing of JET Infrastructure, the owner and operator of a portfolio of fuel pipelines and terminals supplying major hub airports and urban growth centers across the United States, including Miami, Ft. Lauderdale, San Diego, and Reno, as well as FedEx World Headquarters in Memphis. (2024)

Lotus Infrastructure in connection with all senior debt and commodity hedging matters for the sale of its membership interests in the 1.3 gigawatt Compass Power Portfolio to Electrify Generating Public Company Limited, a Thailand-based independent power producer. (2024)

Lotus Infrastructure in connection with the term loan B and commercial bank refinancing of Edgewater Generation, the owner of approximately 2.7 gigawatts of thermal power generation in PJM and ISO-NE. (2024)

Relevate Power in connection with the acquisition and private credit acquisition financing of Gravity Renewables, an owner and operator of an approximately 40 megawatt portfolio of 15 hydroelectric run-of-the-river projects and one solar project located in New York and New England, which are expected to be operated under renewable programs substantially similar to community solar. (2024)

A joint venture between a leading developer and the U.S. subsidiary of a major Japanese power company in connection with the term loan B refinancing of CPV Fairview, a 1,050 megawatt dual fuel (ethane and natural gas)-fired combined-cycle generating facility in PJM. (2024)

A leading developer in connection with the term loan A refinancing of CPV Towantic, an 805 megawatt gas-fired combined-cycle generating facility in ISO-NE. (2024)

A leading private equity-backed renewables IPP on structuring considerations for its portfolio of renewable energy projects, including devco/opco, basis step-up and tax credit monetization strategies. (2024)

A leading developer in connection with the investment tax credit financing and sale for the Anemoi project, a 200MW/400 MWh battery energy storage facility in Hidalgo County, Texas. (2024)

A joint venture between the U.S. subsidiary of a major Japanese power company and a Thailand-based independent power producer in connection with the term loan B refinancing of Compass Power, the owner of approximately 1.3 gigawatts of gas fired thermal power generation in PJM and ISO-NE consisting of the Marcus Hook, Milford and Dighton projects. (2024)

A major private equity and infrastructure investor in connection with the private credit acquisition financing of Pelican Power, the owner of approximately 3.7 gigawatts of gas, fuel oil and coal-fired thermal power generation in Louisiana (MISO) PJM and Texas (ERCOT and MISO). (2024)

A major private equity sponsor in connection with the sale of White Energy, the owner of two state-of-the-art ethanol plants that are developing a joint carbon capture project. (2024)

A major power and infrastructure investor in connection with negotiation of numerous solar and wind physical and virtual power purchase agreements. (2024 & 2025)

Lotus Infrastructure in connection with the term loan B refinancing of Edgewater Generation, the owner of approximately 2.7 gigawatts of thermal power generation in PJM and ISO-NE. (2025)

Lotus Infrastructure in connection with the Michigan municipal bond construction financing of a portfolio of renewable natural gas projects consisting primarily of anaerobic digestors of animal waste and associated upgraders and gas processing infrastructure. (2025)

Rev Renewables in connection with the construction financing, tax credit bridge financing and tax credit purchase for its Tumbleweed project, a 125 MW/1,000 MWh battery energy storage facility in Kern County, California. (2025)

A major private equity sponsor in connection with the acquisition financing of Cogentrix, the owner and operator of approximately 5.3 gigawatts of thermal power generation in PJM, ISO-NE and ERCOT. (2025)

A major private equity sponsor in connection with the refinancing of NextWave’s Traveler project, a 32,000 b/d nameplate ethylene-to-alkylate production facility in Pasadena, Texas. (2025)

A leading developer in connection with the term loan B refinancing of CPV Shore, a 725 megawatt natural gas-fired combined-cycle generating facility in PJM. (2025)

D.E. Shaw Renewable Investments in the acquisition, tax equity financing and back-leverage debt financing (including interest rate hedges) of multiple utility scale solar power projects in the United States with an aggregate capacity of over 3.0 GW. (Ongoing)

D.E. Shaw Renewable Investments on (i) a $75 million development-stage letter of credit facility to support the warehousing of its pipeline of development stage solar and wind generating facilities by providing interconnection and other development-related letters of credit and loans and (ii) a $100 million equipment loan facility for borrowings related to certain payments under major equipment supply agreements. The project portfolio at closing included projects with an aggregate capacity of 712.4 MW, potentially supporting an aggregate of more than $1.5 billion in construction financing for the initial projects, with the option for DESRI to add additional projects during the tenor of the facility. (Ongoing)

Multiple private equity sponsors and developers in connection with deal-contingent interest rate hedging agreements to pre-lock and mitigate interest rate risk in anticipation of acquisition closings and financial close under project financings. (Ongoing)

Matters

8minutenergy on the negotiation and execution of multiple power purchase agreements, including (i) a power purchase agreement with NRG Energy Marketing for its proposed 250 MWac Galloway facility in Texas and (ii) a power purchase agreement with NRG Energy Marketing for its proposed 125 MWac Norton facility in Texas. (2018)

Axium Infrastructure on the acquisition & financing (including interest rate hedges) of 50% equity interests in each of the 65 MW Dry Lake II wind project in Arizona and the 20 MW Copper Crossing solar project in Arizona. (2019)

Carlyle Power through its portfolio company, Cogentrix Energy Power Management, LLC on the acquisition, financing, long-term wind and renewable energy credit hedging and ultimate sale of a 600 MW portfolio of six operating wind projects in upstate New York. (2019)

See more

Close

Matters

8minutenergy on the negotiation and execution of multiple power purchase agreements, including (i) a power purchase agreement with NRG Energy Marketing for its proposed 250 MWac Galloway facility in Texas and (ii) a power purchase agreement with NRG Energy Marketing for its proposed 125 MWac Norton facility in Texas. (2018)

Axium Infrastructure on the acquisition & financing (including interest rate hedges) of 50% equity interests in each of the 65 MW Dry Lake II wind project in Arizona and the 20 MW Copper Crossing solar project in Arizona. (2019)

Carlyle Power through its portfolio company, Cogentrix Energy Power Management, LLC on the acquisition, financing, long-term wind and renewable energy credit hedging and ultimate sale of a 600 MW portfolio of six operating wind projects in upstate New York. (2019)

Carlyle Power through its portfolio company, Cogentrix Energy Power Management, LLC on the structured spark spread and heat rate call option transactions (and associated credit sleeving) for its portfolio of three natural gas-fired combined-cycle generating facilities totaling in excess of 1,100 MW in New England. (2019)

Capital Dynamics on the acquisition from Middle River Power and the subsequent development and construction of the 60 MW / 240 MWh Coso battery storage project located in California as one of the first battery storage projects selected to meet the CPUC’s mandate to meet California’s rapidly increasing needs for resource adequacy. (2020)

Capital Dynamics/Arevon on its financing and acquisition of a 300MW portfolio of operating solar power plants from LS Power and its follow-on acquisition and financing of the remaining 69.98% interest in Arlington Valley Solar Energy II (AVSE II), a 175MWDC solar PV project, from funds managed by affiliates of Apollo Global Management. (2020)

Axium Infrastructure on the acquisition & financing (including deal contingent interest rate hedges) of a 49% interest in Constellation Renewables Partners, a 1,415 MW diversified portfolio of twenty-four wind and four solar assets in the United States, and an incremental delayed draw term loan facility to fund contribution obligations of its joint venture interest for the repowering of the 70 MW Criterion wind farm in Maryland. (2021)

Axium Infrastructure on the acquisition & financing (including interest rate hedges) of 50% equity interests in each of the 65 MW Dry Lake II wind project in Arizona and the 20 MW Copper Crossing solar project in Arizona. (2021)

Axium Infrastructure and Morongo Transmission on the private placement notes financing of the West of Devers upgrade project, a 48 mile, 220 kV double circuit transmission line to increase the transmission capacity of the existing West of Devers corridor from the current 1,600 MW to approximately 4,800 MW. (2021)

Axium Infrastructure on its acquisition of a large equity interest in CPV Three Rivers Energy Center, a 1,258 MW power project to be constructed in Illinois, from affiliates of GE and Competitive Power Ventures and related financing matters. (2021)

Carlyle Power through its portfolio company, Cogentrix Energy Power Management, LLC on the sale of its Effingham 511 MW combined-cycle gas generation and transmission facility in Rincon, Georgia, and associated debt financing matters. (2021)

J.P. Morgan in connection with a tax equity and wind hedge restructuring and back-leverage Winter Storm Uri rescue financing for over 460 megawatts of windfarms in Texas. (2021)

J.P. Morgan on the Winter Storm Uri rescue financing and tax equity & wind hedge restructuring of Skyline Renewable’s 460MW aggregate Horse Creek and Electra wind farms in Texas. (2021)

Axium Infrastructure on its acquisition from Blackrock and financing of a portfolio of more than 1 GW of wind generating facilities across the United States with an aggregate enterprise value in excess of $700mm. (2022)

Axium Infrastructure and its portfolio company BWC Holdings/Bluewave on a development-stage revolving loan and letter of credit facility structured to finance Bluewave's operations, development, build out and expansion of its pipeline of solar and storage facilities currently in excess of 2.3 GW. (2022)

The sponsors in connection with the refinancing of the Middletown Energy Center, an approximately 485 MW combined-cycle generating facility in Middletown, Ohio. (2022)

The sponsors in connection with the refinancing of the Kings Mountain Energy Center, an approximately 485 MW combined-cycle generating facility in Kings Mountain, North Carolina. (2022)

Axium Infrastructure in connection with the acquisition financing of an 80% interest in Edwards-Sanborn 1A, a 1,505 MWh battery storage and 346 MW solar photovoltaic power project in California acquired from Terra-Gen. (2023)

D.E. Shaw Renewable Investments on its upsized $150mm corporate revolving facility for general corporate purposes and issuance of letters of credit supporting development of its portfolio of renewable power generation assets, including a committed $100mm incremental revolving credit facility. (2023)

An independent solar developer and sponsor in connection with the bridge financings of a pre-FID photovoltaic 375 MWdc and 1,200 MWh battery storage project in Southern California. (2023)

Axium Infrastructure in connection with the sale and private placement acquisition financing of its joint venture ownership interest in Morongo Transmission, the owner of an interest in the West of Devers Transmission Upgrade Project, a 48 mile, 220 kV double circuit transmission line that increased the transmission capacity of the existing West of Devers corridor from 1.6 gigawatts to approximately 4.8 gigawatts that connects renewable energy resources in the Coachella Valley with Los Angeles. (2024)

Carlyle Power, through its portfolio company Cogentrix Power, in connection with the sale to Oglethorpe Power Corporation of the Walton County project, an approximately 465 megawatt natural gas-fired simple-cycle electric generation facility located in Walton County, Georgia. (2024)

Carlyle Power, through its portfolio company Cogentrix Power, in connection with the sale to Georgia Gulf Southeast PowerGen of the Monroe project, an approximately 309 megawatt natural gas-fired simple-cycle electric generation facility located in Monroe, Georgia and its joint venture interests in the Sandersville project, an approximately 585 megawatt natural gas-fired simple-cycle electric generation facility located in Warthen, Georgia. (2024)

Instar in connection with the term loan A refinancing of JET Infrastructure, the owner and operator of a portfolio of fuel pipelines and terminals supplying major hub airports and urban growth centers across the United States, including Miami, Ft. Lauderdale, San Diego, and Reno, as well as FedEx World Headquarters in Memphis. (2024)

Lotus Infrastructure in connection with all senior debt and commodity hedging matters for the sale of its membership interests in the 1.3 gigawatt Compass Power Portfolio to Electrify Generating Public Company Limited, a Thailand-based independent power producer. (2024)

Lotus Infrastructure in connection with the term loan B and commercial bank refinancing of Edgewater Generation, the owner of approximately 2.7 gigawatts of thermal power generation in PJM and ISO-NE. (2024)

Relevate Power in connection with the acquisition and private credit acquisition financing of Gravity Renewables, an owner and operator of an approximately 40 megawatt portfolio of 15 hydroelectric run-of-the-river projects and one solar project located in New York and New England, which are expected to be operated under renewable programs substantially similar to community solar. (2024)

A joint venture between a leading developer and the U.S. subsidiary of a major Japanese power company in connection with the term loan B refinancing of CPV Fairview, a 1,050 megawatt dual fuel (ethane and natural gas)-fired combined-cycle generating facility in PJM. (2024)

A leading developer in connection with the term loan A refinancing of CPV Towantic, an 805 megawatt gas-fired combined-cycle generating facility in ISO-NE. (2024)

A leading private equity-backed renewables IPP on structuring considerations for its portfolio of renewable energy projects, including devco/opco, basis step-up and tax credit monetization strategies. (2024)

A leading developer in connection with the investment tax credit financing and sale for the Anemoi project, a 200MW/400 MWh battery energy storage facility in Hidalgo County, Texas. (2024)

A joint venture between the U.S. subsidiary of a major Japanese power company and a Thailand-based independent power producer in connection with the term loan B refinancing of Compass Power, the owner of approximately 1.3 gigawatts of gas fired thermal power generation in PJM and ISO-NE consisting of the Marcus Hook, Milford and Dighton projects. (2024)

A major private equity and infrastructure investor in connection with the private credit acquisition financing of Pelican Power, the owner of approximately 3.7 gigawatts of gas, fuel oil and coal-fired thermal power generation in Louisiana (MISO) PJM and Texas (ERCOT and MISO). (2024)

A major private equity sponsor in connection with the sale of White Energy, the owner of two state-of-the-art ethanol plants that are developing a joint carbon capture project. (2024)

A major power and infrastructure investor in connection with negotiation of numerous solar and wind physical and virtual power purchase agreements. (2024 & 2025)

Lotus Infrastructure in connection with the term loan B refinancing of Edgewater Generation, the owner of approximately 2.7 gigawatts of thermal power generation in PJM and ISO-NE. (2025)

Lotus Infrastructure in connection with the Michigan municipal bond construction financing of a portfolio of renewable natural gas projects consisting primarily of anaerobic digestors of animal waste and associated upgraders and gas processing infrastructure. (2025)

Rev Renewables in connection with the construction financing, tax credit bridge financing and tax credit purchase for its Tumbleweed project, a 125 MW/1,000 MWh battery energy storage facility in Kern County, California. (2025)

A major private equity sponsor in connection with the acquisition financing of Cogentrix, the owner and operator of approximately 5.3 gigawatts of thermal power generation in PJM, ISO-NE and ERCOT. (2025)

A major private equity sponsor in connection with the refinancing of NextWave’s Traveler project, a 32,000 b/d nameplate ethylene-to-alkylate production facility in Pasadena, Texas. (2025)

A leading developer in connection with the term loan B refinancing of CPV Shore, a 725 megawatt natural gas-fired combined-cycle generating facility in PJM. (2025)

D.E. Shaw Renewable Investments in the acquisition, tax equity financing and back-leverage debt financing (including interest rate hedges) of multiple utility scale solar power projects in the United States with an aggregate capacity of over 3.0 GW. (Ongoing)

D.E. Shaw Renewable Investments on (i) a $75 million development-stage letter of credit facility to support the warehousing of its pipeline of development stage solar and wind generating facilities by providing interconnection and other development-related letters of credit and loans and (ii) a $100 million equipment loan facility for borrowings related to certain payments under major equipment supply agreements. The project portfolio at closing included projects with an aggregate capacity of 712.4 MW, potentially supporting an aggregate of more than $1.5 billion in construction financing for the initial projects, with the option for DESRI to add additional projects during the tenor of the facility. (Ongoing)

Multiple private equity sponsors and developers in connection with deal-contingent interest rate hedging agreements to pre-lock and mitigate interest rate risk in anticipation of acquisition closings and financial close under project financings. (Ongoing)

Credentials

J.D., New York University School of Law, Magna Cum Laude

B.A. Philosophy, Bates College

Colorado

New York

Law Clerk, Theodor Meron, International Criminal Tribunal for the former Yugoslavia

Next Generation Partners - Renewable & Alternative Power


Legal 500, 2024

Band 4 - Projects USA - Nationwide


Chambers & Partners

Law 360 Project Finance Editorial Board, 2023


Law 360, 2023

Next Generation Partners - Project Finance


Legal 500, 2023 and 2024

Rising Stars - Project Finance - 2022


Law360

Best Lawyers - Project Finance


Ones to Watch 2021-22

Close

Recognition

Next Generation Partners - Renewable & Alternative Power


Legal 500, 2024

Band 4 - Projects USA - Nationwide


Chambers & Partners

Law 360 Project Finance Editorial Board, 2023


Law 360, 2023

Next Generation Partners - Project Finance


Legal 500, 2023 and 2024

Rising Stars - Project Finance - 2022


Law360

Best Lawyers - Project Finance


Ones to Watch 2021-22