Professional Biography
Image of Elizabeth Crouse

Elizabeth Crouse Partner

  • Portland

    D +1.503.727.2084

    F +1.503.727.2222

    Portland

    1120 NW Couch Street, 10th Floor

    Portland, OR 97209-4128

    +1.503.727.2084

    ECrouse@perkinscoie.com

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Overview

Experience

Renewable Electricity

Negotiated more than 11GW worth of investment, procurement, development, and mergers and acquisitions (M&A) contracts for U.S. renewable energy developers, investors, and syndicators including:

  • Representation of major global retailer in more than $100 million tax equity investment in portfolio of community solar projects in New York state.
  • Representation of major global software company in more than $350 million tax equity investment in solar and battery energy storage facility in Arizona.
  • Representation of global apparel and footwear holding company in $80 million tax equity investment in multiple solar facilities in the southeastern United States.
  • Representation of regional bank acquirer in several sale leaseback financings of commercial and industrial solar facilities.
  • Representation of syndicator in tax equity financings of more than one gigawatt of solar generation facilities.
  • Representation of developer in nearly $200 million tax equity financing of solar facility in the southeastern United States.
  • Representation of top 10 U.S. independent power producer in more than $300 million of solar acquisitions.
  • Tax counsel on more than 30 solar, wind, and battery acquisition agreements, including early-stage development portfolios, pre-notice to proceed projects, and post-placement in service projects and portfolios.

Renewable Natural Gas

  • Negotiated financing and counseled wastewater natural gas developer on legal and tax structure and coordinated completion of full suite of related development contracts.
  • Counseled major U.S. dairy renewable natural gas developer on project development and maximization of U.S. federal income tax credits created under the Inflation Reduction Act.
  • Counseled major U.S. landfill renewable natural gas developer on project development and maximization of U.S. federal income tax credits created under the Inflation Reduction Act.
  • Counseled major U.S. mixed feedstock renewable natural gas developer on project development and finance models as well as maximization of U.S. federal income tax credits created under the Inflation Reduction Act.

Renewable Hydrogen

  • Representing e-methanol production company regarding U.S. structuring and project development.
  • Representing municipal authority in development of electrolytic hydrogen production and fueling facility, together with related power supply and offtake agreement.
  • Represented major global retail company in negotiation of U.S. federal income tax credit considerations in respect of multiple significant electrolytic hydrogen offtake agreements.
  • Represented the Pacific Northwest Hydrogen Hub in respect of organization, governance, and compliance with respect to Department of Energy Hydrogen Hub grant proposal.

Carbon Capture

  • Counseled direct air capture project developer and technology company on U.S. federal income tax credit qualification and structuring for multiple facilities in the United States; assisted with project finance planning for same entities.
  • Counseled novel carbon utilization technology company on U.S. federal income tax credit qualification for technology in various applications in the United States.
  • Advised liquefied natural gas project developer on U.S. federal income tax credit qualification and structuring for facility in Texas.
  • Represented multinational electricity and fuels operator in rulemaking procedure concerning U.S. federal income tax credits for carbon capture and sequestration.
  • Represented global corporate investor in respect of U.S. federal income tax implications of investment in advanced development stage direct air capture company.
  • Negotiated private equity investment in direct air capture company.

International Tax and Structuring

  • Advised international retailer on legal and financial structure of real estate and operating assets portfolio.
  • Advised multinational renewable natural gas producer on legal, tax, and intercompany financial structure of U.S. real estate and operating assets portfolio.
  • Advised U.S. contract manufacturer of consumer goods on tax and legal considerations of transfer of operations to People’s Republic of China and implementation of operations.

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RELATED INFORMATION

Bar and Court Admissions

  • Oregon
  • Washington
  • U.S. Court of Appeals for the Federal Circuit
  • U.S. Tax Court

Education

  • New York University School of Law, LL.M., Taxation, 2010
  • University of Michigan Law School, J.D., cum laude, 2009
  • University of Hawaii at Manoa, M.A., Sociology, 2006
  • Hawaii Pacific University, B.A., Applied Sociology, 2003