Annie Tsai

Annie Y. Tsai is an associate and business lawyer with Foley & Lardner LLP. She is a member of the firm’s Finance Practice and the Energy Industry Team.Annie focuses her practice on energy project finance, advising clients in the development, acquisition, and financing of renewable energy projects.

Annie has vast experience in the electric power industry. Before becoming an attorney, Annie worked for Southern California Edison’s Energy Procurement Group. She optimized the utility’s multibillion-dollar conventional and renewables portfolio as a part of the energy trading team.

Annie advised negotiation teams on the value and risks of power purchase agreements, resource adequacy capacity contracts, energy call options, and firm energy delivery contracts.

She also managed the utility’s California PUC regulatory proceedings related to energy procurement (renewables power, conventional power, natural gas, and greenhouse gas emissions).

Education :

Annie graduated from Loyola Law School (J.D., 2014), where she was a symposium editor of the Loyola of Los Angeles International and Comparative Law Review.

She holds a master’s degree in international economics from the School of International Relations and Pacific Affairs at the University of California at San Diego (M.P.I.A., 2005). Annie earned a bachelor’s degree in economics and government from Cornell University (B.A., 2002).

Admissions : Annie is admitted to practice in California.

Representative Matters :

• Foley advised Canadian Solar Inc., one of the world’s largest solar power companies, in its acquisition of Recurrent Energy, LLC, a leading North American solar energy developer, from Sharp Corporation for approximately $265 million. This represents the largest solar transaction to date that the Foley Energy Industry Team has closed.
• The acquisition of Recurrent expanded Canadian Solar’s position as a leading solar energy developer and deepened the company’s project development and financing capabilities.
• The acquisition has increased Canadian Solar’s total solar project pipeline by 4.0 gigawatts (GW) to a total of 8.5 GW and added approximately 1.0 GW of late-stage projects, representing a revenue opportunity of at least $2.3 billion over the next two years. The transaction closed on March 30, 2015.
• The Foley team was led by partners Jeffery Atkin and Jason Allen, and included partners David Clark, Jason Barglow, Jamshed Patel and Leigh Riley; special counsels Justus Britt, Jeffrey Hua and Annie Tsai; of counsel Tom Mullooly; senior counsel Holden Brooks; and associate Bill DuFour.