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Editorial

Index of tables

  1. Project finance: advice to lender
  2. Project finance: advice to sponsor
  3. Hall of Fame
  4. Leading lawyers
  5. Next generation lawyers

Next generation lawyers

  1. 1

Who Represents Who

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The editorial for this section is in alphabetical, as opposed to ranking, order, due to two ranking tables.

Akin Gump Strauss Hauer & Feld LLP continued to be highly active on tax equity and cash equity investments into the renewable sector. Washington DC-based John Marciano and Los Angeles-based Edward Zaelke advised key client Royal Bank of Canada on the debt and tax equity financing of the Buckthorn Wind Project in Texas. Marciano together with Jeremy Schwer in Washington DC and Los Angeles-based Daniel Sinaiko acted for Quantum Strategic Partners on the cash equity and back-leverage investment in future cash flows from 230MW of residential solar projects developed by SolarCity. The team also handled a number of significant debt financings for sponsors, both in the US and overseas; Zaelke and Sinaiko assisted Abu Dhabi Water and Electric Company with the financing of the 1,180MW Sweihan Photovoltaic Independent Power Project in Abu Dhabi, and Marciano advised WindHQ on the financing for the Astra wind farm in Texas. Another name to note in the team is Los Angeles-based Thomas Dupuis, who assisted Hannon Armstrong Sustainable Infrastructure Capital with the purchase of numerous solar assets in the US.

Trusted Advisor - with Finnegan

IP specialist Finnegan detail how their collaborative approach makes for a unique culture which is designed to allow them to work with clients in a way which is cognizant of the challenges facing all companies today.

Allen & Overy LLP’s global reputation for lending works ensures that the practice is regularly engaged on significant deals in both the infrastructure and the energy sector. Washington DC-based Sami Mir advised the lenders on the $5bn project financing of a constellation of 882 satellites for OneWeb, and the same lawyer also assisted with the financing of various wind farms in Latin America. Another name to note in Washington DC is practice co-head David Slade; he assisted the United States Department of Energy with two solar financings. In New York practice co-head Kent Rowey was active on a range of sponsor mandates for investment funds, including acting for Carlyle Infrastructure Partners on the proposed financing of the redevelopment of Terminal 1 at JFK International Airport, and assisting Conrac Solutions Capital with the financing for rental car facilities at Anchorage, Philadelphia, Newark and Hartford airports. Dorina Yessios, who is also based in New York, advised Cubico Sustainable Investments on the financing of a 249MW wind project in Mexico.

Ashurst LLP is probably best known for acting for public agencies and financiers on P3 projects. The practice’s lender side work continued to make strong progress following the hire of Washington DC-based Sarah Rackoff, who joined from Orrick, Herrington & Sutcliffe LLP. Rackoff assisted New York-based Vincent Casey with a number of significant mandates, including advising Bank of America Merrill Lynch and Citigroup Global Markets on the issuance of $737m private activity bonds to finance the construction of the I-66 managed lanes P3 project in Virginia, and acting for the financing parties on the Denver Airport Great Hall project. In another major financier deal, Casey advised the underwriters supporting the Mile High Partners consortium’s construction of the I-70 road project in Denver. The team also secured a number of leading roles for the procurers of major projects, including New York-based practice head Andrew Fraiser acting for the Fargo-Moorhead Flood Diversion Board of Authority on a $2bn flood diversion project in North Dakota, and Casey assisting Rhode Island Department of Transportation with the procurement for an intermodal transportation center linked to the Providence train station. Doug Bird departed for Chapman & Cutler LLP.

Baker McKenzie LLP further enhanced its offering with a number of hires, including Latin American specialist Margarita Oliva Sainz de Aja, who joined the New York office from Norton Rose Fulbright US LLP. Another name to note in New York is Clyde Rankin, who handled various mandates for Siemens Financial Services, including advising on a development loan to Lincoln Land Energy Center with respect to the development of a natural gas-fired generating facility in Illinois. The wide-ranging practice draws on the firm’s international network of offices to handle a number of cross-border matters; Chicago-based practice head José Antonio Morán led a team that acted for Acciona Energía on the financing to be provided for two photovoltaic solar projects under the Egypt Round II feed-in-tariff program, and New York-based Mark Tibberts assisted PT UPC Sidrap Bayu Energi and its sponsors with the project financing for the 70MW Sidrap Wind Farm in Indonesia. In the US, the team regularly acts for investment and commercial banks on equity investment deals, and in one example Mona Dajani, who divides her time between Chicago and New York, was part of a team advising First Source Bank as lender and equity investor on two solar projects in Minnesota and Montana.

Energy is a key practice area for Bracewell LLP and the team continued to be active for sponsors and lenders on a variety of projects across the US. High-value mandates included New York-based Ron Erlichman advising Advanced Power Energy Holdings on the financing of the $1.3bn South Field Energy facility in Ohio, and New York-based Jeris Brunette assisting Kinder Morgan with the back-leverage financing of a 49% interest in Elba Liquefaction Company. In another major deal, Houston-based Thomas Tomlinson and Robin Miles acted for Yuhuang Chemical on a $800m loan facility for the construction of a methanol plant in Louisiana. The practice is led from Houston by Alan Rafte and Jessica Adkins; Adkins focuses on the renewable energy sector, where her work included acting (with Erlichman) for lenders to a wind project being developed by Macquarie Capital in Texas, and assisting a hedge provider with a hedging agreement with Goldwind Americas for the 160MW Rattlesnake wind power project in Texas. The team was further strengthened by the arrival of New York-based duo Nicolai Sarad and Fernando Rodriguez Marin in March 2018 from Pillsbury Winthrop Shaw Pittman, LLP.

From its New York office, Cleary Gottlieb Steen & Hamilton LLP handles an impressive proportion of Latin American matters, which takes in both energy and infrastructure mandates. Chantal Kordula acted for the Mexican Ministry of Communications and Transport and Aeropuertos y Servicios Auxiliares on a $2bn bond offering to finance the construction and development of the New Mexico City International Airport; and Richard Cooper and Adam Brenneman assisted Puerto Rico Electric Power Authority with the $500m financing and development of an offshore gas port. In another major deal, Nicolas Grabar advised the Brazilian Development Bank on its offering of $1bn in green notes to finance new and existing renewable energy projects. The practice also handles work in the US and in one example Brenneman and Richard Lincer acted for Oaktree Capital Management on the finance arrangements for the operation of the Westchester County Airport. On the lender side, Brenneman was active in Latin America for a major investment bank providing finance for an infrastructure project.

Clifford Chance regularly acts for commercial banks on Latin American project financings, with the firm particularly dominant in Peru and Columbia; according to one observer, the firm ‘is by far the most experienced international firm in Latin America’. Washington DC-based Fabricio Longhin and Catherine McCarthy and New York-based Gianluca Bacchiocchi advised lenders on 14 different projects for Colombia’ s 4G toll road program using both multi-currency loans and project bonds. Bacchiocchi, who ‘pushes the envelope with his pioneering work in project bonds’, has particular expertise in acting for investment banks such as Goldman Sachs; in a further example of his work, he and New York-based Per Chilstrom assisted Citigroup Global Markets with the dual offering of international and local project bonds for the Ruta 27 project in Costa Rica. While the practice is particularly active on the lender side, it does also have sponsor capability; for example Longhin acted for Aela Energía on a $434m loan with six lenders to finance the construction of two wind farms in Chile. The team is also able to source the firm’s European expertise in private equity to advise on significant equity investments in projects; Washington DC-based practice co-head David Evans and New York-based David Brinton were active in this respect on for clients including Barings. Lori Ann Bean, who is based in Washington DC, is also noteworthy.

At DLA Piper LLP (US), Washington DC-based Timothy Moran and Gregory Smith handle an even balance of lender and sponsor work across the Americas. Moran continued to be highly active for key client Exelon Generation, which he advised on a $650m financing for a portfolio of 31 operating solar and wind generation projects; he also acted for Hanwha General Chemical on a $110m construction loan financing of a solar project in Texas. Smith, who focuses on overseas energy projects, assisted the Overseas Private Investment Corporation (OPIC) with numerous matters, including the financing of a 50MW gas-fired power project in Guinea. In another piece of work, he acted for Export-Import Bank of the United States and the Central American Bank for Economic Integration on their financing of the Cerro de Hula wind project in Honduras. The practice is led from New York by global co-chair Joseph Tato.

Foley & Lardner LLP’s practice is led by Milwaukee-based Jason Allen, Jeffery Atkin, who is based in Los Angeles, and Washington DC-based John Eliason, who handle a range of work for sponsors and investors in the renewables sector. Atkin and Allen, together with Los Angeles-based David Markey and Jason Barglow advised GCL Solar Energy on various mandates including the inverted lease tax equity financing of eight solar projects in North Carolina; and Eliason was highly active on tax equity investment work for both sponsors and investors in solar and biomass projects. In another highlight, Markey assisted PowerFin Partners with the revolving construction loan financing of a number of solar photovoltaic systems located on various sites in Texas. While the bulk of work performed relates to the US, the practice also handles work in Latin America, and in one example Atkin acted for Solar Panama Venture and Entropy on the financing of three solar energy projects in Panama. Exelon Generation Company and Canadian Solar are also clients.

Freshfields Bruckhaus Deringer LLP’s ‘availability - virtually 24/7 - connection to different investors and banks, and deep knowledge of the subject’ make it a popular choice with lenders and sponsors alike. The practice is led from New York by Melissa Raciti-Knapp, who is ‘an excellent communicator, result-oriented, and has the ability to cool down emotions and remain focused’. Raciti-Knapp was particularly active on international work for key client OPIC; remits included advising on the financing of a 35MW geothermal power plant in western Honduras, and assisting with the bilateral limited recourse financing for the development of a network of cell phone towers and related power solutions across Myanmar. Another significant client of the practice is KfW Ipex-Bank, which Raciti-Knapp advised on the $1.2bn limited recourse financing of an ammonia fertilizer plant in Mexico. On the sponsor side, clients include Petroperú and various infrastructure funds and the team also features in the P3 space, most recently in a procurement role for the Colorado Department of Transportation. Senior associate Kyle Lakin is ‘very accurate in both due diligence and drafting’. Lisa O’Brien retired.

Hogan Lovells US LLP has particular expertise in P3 projects and the practice continued to be highly active in this area in 2017. Miami-based practice head Jorge Diaz-Silveira and New York-based Mike Matheou acted for a joint venture partnership on its bid for the FargoMoorhead Flood Diversion project, and Matheou is also advising one of the teams bidding for the Gordie Howe International Bridge project. While the practice predominantly acts for the sponsors of infrastructure projects, it does also advise lenders and in one example Miami-based José Valdivia advised International Finance Corporation (IFC) and China-Mexico Fund on the $1.8bn financing of the construction of the Red Compartida wholesale shared mobile network in Mexico; and in the energy sector, Washington DC-based counsel Thomas Hechl assisted IFC, Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden and Deutsche Investitions - und Entwicklungsgesellschaft with the financing of a large hydro project in Armenia. Other work includes Houston-based David Locascio advising ISA on its investment in the development of telecoms infrastructure in Colombia and Peru. Additional contacts include Denver-based Scot Anderson and Baltimore-based Brian Chappell. Ricardo Martinez joined the New York office from Haynes and Boone, L.L.P..

Hunton Andrews Kurth LLP is the result of a merger between Hunton & Williams LLP and Andrews Kurth Kenyon LLP. The former Hunton & Williams LLP team ‘has an in-depth understanding of market standards and market precedents’ and advises on a range of tax equity investments and lending agreements and the legacy Andrews Kurth Kenyon LLP practice regularly acts for sponsors and tax equity investors involved in the renewable energy sector. New York-based Jo Anne Sirgado and Douglas Murphy advised Bank of America Merrill Lynch on the $200m expansion of a lending debt credit facility for Hannon Armstrong Sustainable Infrastructure Capital to be used for the financing of renewables projects. Vera Rechsteiner was highly active in Latin America for clients such as Corporación Interamericana para el Financiamiento de Infraestructura and Inter-American Investment Corporation; she assisted the latter with the $78m financing of a hydroelectric power plant in Ecuador. The practice also impresses in the P3 space, with Richmond-based John O’Neill assisting the Virginia Department of Transportation with its procurement of the $2.1bn Transform I-66 project. On the sponsor side, the ‘detailed and thoughtful’ Jeffrey Schroeder and John Tormey were active for clients such as DTE Energy Services on the financing of conventional power projects. Austin-based Lisa Montgomery Shelton, Houston-based Timothy Unger, solar specialist Eric Pogue and David Lowman are also noted. All named partners are based in Washington DC save where stated otherwise. Stephanie Kroger, formerly with Andrews Kurth Kenyon LLP, joined Eversheds Sutherland in 2018.

King & Spalding LLP’s ‘extremely talented lawyers’ have considerable experience in representing the sponsors of oil and gas projects, with particular emphasis on LNG mandates; Ken Culotta, who demonstrates ‘keen insight into client needs and expectations’, is advising Quebec LNG on the finance for an LNG export project in Canada, while Scott Greer continued to assist Freeport LNG with the non-recourse financing of its LNG export terminal near Freeport, Texas. In other highlights, Culotta, Daniel Rogers and Vera de Gyarfas assisted SeaOne Caribbean with the development finance for a compressed gas liquids production, transportation and delivery project at Mississippi, and Culotta and Archie Fallon advised Magnum Energy on the private equity financing of an up to 10 million barrel refined products storage facility in Utah. Brian Betancourt and James Bowe are key contacts in New York and Washington DC respectively. Named attorneys are based in Houston unless otherwise stated.

Latham & Watkins LLP draws on its impressive investment banking and international banking following to advise on a high volume of lender mandates relating to energy projects. ‘Very versatile’ practice head Jonathan Rod and counsel Amy Maloney acted for The Bank of Tokyo-Mitsubishi UFJ on the $551m refinancing of the Trans Bay Cable in California, and Los Angeles-based Jeffrey Greenberg, who is ‘terrific on conventional power projects’, advised BNP Paribas, Bank of America, and Credit Agricole on the construction financing of the Hickory Run power project in Pennsylvania. On the sponsor side, the practice regularly acts for developers and private equity funds, and in one example of the former Matthew Henegar and Eli Katz assisted Alterra Power with the construction loan and tax equity financing of the Flat Top Wind Farm in Texas. Arclight Capital and The Blackstone Group are key private equity clients; Maloney and Washington DC-based David Penna are advising the latter on the private placement of senior-secured notes concerning the Sabine Pass LNG Terminal in Louisiana. The practice was further enhanced by the promotion of San Diego-based Kelly Thomason Self to counsel, and the arrival of Eugene Elrod and Patrick Nevins, who are based in Washington DC, from Sidley Austin LLP and Hogan Lovells US LLP respectively. All named partners are based in New York except where stated otherwise.

Linklaters LLP’s New York-based practice is led by Vijaya Palaniswamy, who was active for sponsors on a range of energy and infrastructure deals in Chile. Besides advising Santiago Solar on the project finance of a 115MW solar plant in Santiago, Palaniswamy was also part of a team acting for the sponsor consortium on the $900m expansion development and project financing of the Arturo Merino Benitez Airport in Santiago. In another Latin American mandate, Matthew Poulter assisted Alupar Investimento with the project financing of an 84MW hydroelectric power plant and transmission line to be constructed in Peru. Although the practice has a strong Latin American slant, it also handles work in the US, often for European and Asian corporates on inbound investments or joint ventures; Palaniswarmy and Alberto Luzárraga acted for Dong Energy Wind Power US on its 50/50 joint venture with Eversource Energy to develop, construct and operate a utility-scale offshore wind project off the coast of Massachusetts. Domestic clients include Highland Pellets, for which Palaniswarmy advised as borrower on a tax credit transaction to inject additional capital into the construction of its biomass plant in Arkansas.

In 2017 Mayer Brown acted for procuring entities on a large of number of public-private partnerships, including advising California High-Speed Rail Authority on the procurement and financing of its proposed state-wide high-speed rail network, and acting for

Texas Department of Transportation on the SH 288 Toll Lane project in Houston. P3 specialist Joseph Seliga was particularly active in this regard. In another example of the practice’s strong infrastructure capability, Douglas Doetsch and Nadav Klugman assisted the noteholders with the private placement of senior secured notes to be used for the purposes of redeveloping the L.F. Wade International Airport in Bermuda. In the energy sector, New York-based Christopher Erckert and David Bakst advised Celeo Redes Operación Chile on the issuance of dollar-denominated and local currency-denominated notes to finance the construction and operation of electricity transmission projects in Chile. The team also acted for lenders such as Deutsche Bank on various mid-market financings for renewables projects. Barry Machlin and Paul Astolfi are additional contacts. All named partners are based in Chicago except where stated otherwise.

McGuireWoods LLP handles a high volume of mandates for lenders, particularly in the renewable energy sector. Chicago-based Timothy Callahan acted for KeyBank National Association on the $80m back-leveraged financing of a portfolio of over 80 solar projects in California, and Charlotte-based Adam Greene advised Fifth Third Bank on numerous solar project financings in North Carolina. The team also advises investment funds on both debt and equity investments; in one example of the latter, Charlotte-based Marvin Rogers assisted a renewable energy investment fund with investments into various wind projects in Texas. Additional sponsor mandates include Callahan advising Indeck Energy Services on the finance for a combined-cycle power plant in the Pennsylvania, Jersey and Maryland market, and Baltimore-based Brian Kelly (a ‘frank and devoted lawyer’) and Houston-based Matthew Kapinos acting for Tokyo Gas America on the acquisition and related project financing of a 25% interest in a 635MW natural gas power plant owned by Empire Generating. Kelly and Kapinos win praise for their ability to ‘understand foreign business concept and culture’. Richmond-based Joanne Katsantonis heads the practice.

Milbank, Tweed, Hadley & McCloy LLP stands out for cross-border project finance capabilities, particularly on the lender side, where recent work includes global practice head Daniel Bartfeld acting for the international lenders on the $600m financing of the development, design and maintenance of the Tierra Mojada power plant in Mexico. In another deal, Bartfeld and Roland Estevez are advising a syndicate of multilateral and commercial banks on the $435m financing of Aela Energía’s wind portfolio in Chile. The practice is also highly active in the US; for example Bartfeld and Daniel Michalchuk assisted the lenders with the $330m financing of the Waha Connector and Agua Blanca gas pipeline in Texas. William Bice is a key name for sponsor mandates and has an outstanding reputation for conventional power projects and regularly acts for clients such as LS Power. In an example of the practice’s sponsor-side work, Estevez and Bartfeld advised Macquarie on the financing of Norte III, a 907MW combined-cycle gas turbine power plant in Mexico. Additional contacts include practice co-chairs Jonathan Green and Eric Silverman. ‘Very solid lawyer’ Timothy Wendling is a key contact in Los Angeles. Named individuals are based in New York unless otherwise stated.

Morgan, Lewis & Bockius LLP leverages off its strong project developer client base to advise on a high volume of conventional power projects. Boston-based Marc Reardon acted for Advanced Power and Cricket Valley Energy Center on the financing of a 1100MW combined-cycle natural gas-fired electric generating facility to be constructed in New York, and New York-based Terrence Dugan assisted EFS Cogen Holdings I with a $1bn term-loan B project financing and a $125m five-year revolving credit facility to refinance a 942MW gas-fired power plant in New Jersey. The practice is also highly experienced in handling equity investments for investment funds and foreign investors; Boston-based practice co-head Richard Filosa advised funds managed by key client Ares on the purchase of the equity interests in the Birdsboro power project under development from EmberClear, and New York-based practice co-head James Tynion and Jonathan Morris acted for National Grid on its agreement to provide $100m in equity financing to a joint venture vehicle established with Sunrun to invest in solar projects. The practice does have lending capability, with recently promoted partner Neeraj Arora, who is based in Los Angeles, active on debt mandates for Prudential Capital Group. The practice was further bolstered by a number of hires including San Francisco-based Baird Fogel, who joined from Crowell & Moring LLP, and Houston-based John Crespo and Adrian Talamantes, who joined from King & Spalding LLP; the group adds considerable Latin American expertise. Talamantes has ‘strong oil and gas knowledge in Mexico and the US’.

Morrison & Foerster LLP has particular expertise in advising sponsors on renewable energy projects. Los Angeles-based Jeffrey Chester, who heads the practice, handled a number of wind projects in Mexico for Oak Creek Energy Systems, including advising on the financing and sale of phases 3 and 4 of the Tres Mesas project. Another key lawyer in California is San Francisco-based Jeffrey Kayes, who acted for Invenergy on the financing and sale of a 24.9MW solar project in New York. Kayes was also highly active on equity investments for Hannon Armstrong, with recent work including advising on its joint venture with GI Energy Investments to purchase mid-sized commercial solar projects from SunPower.

Norton Rose Fulbright US LLP was highly active for both sponsors and lenders in the renewable energy space; recent mandates include New York-based Robert Eberhardt acting for Allianz Risk Transfer and REsurety on a ten-year proxy revenue swap and associated price hedging arrangements for the Bloom wind farm in Kansas, and Benjamin Koenigsberg advising the lenders on the construction and equity bridge loan financing of the Deerfield wind project in Michigan. The practice is best known on the lender side, where remits extended to a number of multibillion-dollar conventional power deals; the team assisted a consortium of lenders on the $2.3bn financing for the Southland repowering project in Southern California, and Todd Alexander and Eberhardt advised GE, BNP Paribas and Crédit Agricole on the $1.6bn financing of the construction of the Cricket Valley Energy Center in New York. Practice co-head Keith Martin and cross-border specialist Noam Ayali (both based in Washington DC) are also key figures. All named partners are based in New York save where stated otherwise. Rohit Chaudhry joined Kirkland & Ellis LLP in 2018.

O'Melveny & Myers LLP’s strong government relationships results make the practice ‘a trusted partner for municipal finance’. The team is also a favourite with procuring government entities and sponsors on major P3 projects; for example practice co-head Eric Richards and Denise Raytis are advising LaGuardia Gateway Partners on the finance for the redevelopment and long-term operation of the Central Terminal Building at New York LaGuardia Airport; and ‘competent and thorough’ practice co-head Gregory Thorpe, Elizabeth Dubeck and Kelly McTigue are acting for California High-Speed Rail Authority on its multibillion-dollar project to develop a high-speed passenger rail system in California. In the energy sector, the practice handled a number of equity investments into renewable projects, including Junaid Chida and Arthur Hazlitt (both based in New York) and Jeff Hoffner assisting Citicorp North America and Berkshire Hathaway Energy with their commitment to acquire preferred equity interests in the Rattlesnake wind power project in Texas. All named partners are based in Los Angeles save except stated otherwise.

Orrick, Herrington & Sutcliffe LLP has great depth of experience in transportation financings, particularly in relation to light rail, and the New York office continued to be active in this space, both for procuring entities and sponsors. Young Lee and Richard Chirls are advising the Port Authority of New York and New Jersey on the financing of the redevelopment of the Hudson River underwater rail crossings and associated infrastructure; and practice co-head Daniel Mathews is acting for New York State Urban Development in connection with the financing for phase 2 of the Moynihan Train Hall redevelopment project. The practice also excels at renewable projects, where highlights included Washington DC-based Paul Zarnowiecki and Christopher Gladbach assisting a client with the finance for a hybrid wind and solar project to provide energy for the US Army at Fort Hood, Texas. In the conventional power space, Houston-based practice chair Blake Winburne advised NRG Energy on the financing of the 600MW Carlsbad Energy Center in San Diego.

Paul Hastings LLP’s New York offering was further enhanced by the arrival of Robert Leung and Mike Huang from Boies Schiller Flexner LLP. Leung in particular was active on behalf of sponsors and lenders in the Americas on the finance for renewables projects. Another name to note in New York is practice co-chair Robert Kartheiser, who regularly advises investment banks on the financing of energy and infrastructure projects in Latin America. The practice has additional presence in Washington DC and San Francisco, where William DeGrandis and practice co-head Peter Weiner are respectively the main contacts; DeGrandis handled a major transmission assets investment for GridLiance West Transco.

Pillsbury Winthrop Shaw Pittman, LLP is ‘top notch for finance-related work in the energy industry’, with the team singled out for its ‘reliable and efficient execution of financing transactions’. In San Francisco, ‘very creative problem-solver’ Thomas Gump acted for Duke Energy ion an offering of $586m in senior-secured notes and a $50m letter of credit facility for a portfolio of four wind farms in Texas and Oklahoma. Other work for the team included assisting Citibank with a multimillion-dollar loan facility with respect to a portfolio of energy efficiency projects to be installed and operated by Metrus Energy. New York-based practice co-head Michael Reese and Todd Eckland, and San Francisco-based Alicia McKnight are all ‘extremely capable’ for energy industry transactions. The practice is also noteworthy for its experience in advising on P3 projects, both in the US and overseas. The group also advised the lenders to Front Range Mobility Group on its bid for the Central 70 East improvements project in Colorado, and acted for the government of the Republic of Cyprus, as procurer, on the upgrade and long-term operation and maintenance of the Larnaca Port and Marina. San Francisco-based practice co-head Robert James is an additional contact. Nicolai Sarad and Fernando Rodriguez Marin joined Bracewell LLP in March 2018.

From its New York office, Shearman & Sterling LLP provides ‘practical, commercial and insightful advice’ to a strong mix of lenders and sponsors on infrastructure and energy projects, both in the US and in Latin America. Cynthia Urda Kassis advised government entities on various significant road and rail projects, including acting for the US Department of Transportation on the issuance of private activity bonds and subordinated debt for the purpose of financing toll lanes between North Virginia and Washington DC. In the oil and gas sector, Kassis acted for a syndicate of 19 commercial banks on the $7.3bn financing of the Gasoducto Sur Peruano project in Peru. The other key figure in the team is Gregory Tan, who advised sponsors on numerous energy projects in Latin America: as well as assisting Carso Gasoducto Norte and its affiliates with the $535m project financing of the development of a gas pipeline running from Chihuahua to Sonora in Mexico, Tan also advised Y-GEN Eléctrica and Y-GEN II Eléctrica on the financing of the construction of two gas-fired power stations in Argentina. The practice is also present in Wash DC, where Patricia Hammes and ‘outstanding’ New York-based lawyer Robert Freedman were active for lenders to the conventional power sector.

Simpson Thacher & Bartlett LLP specializes in capital markets financings, and in 2017 the practice handled a high volume of mandates for lenders to the renewable energy sector; practice head David Lieberman advised the mandated lead arrangers and joint bookrunners on NextEra Energy’s $134.8m financing of two solar power plants in Georgia, and Kenneth Wyman acted for the joint lead arrangers for Terra-Gen’s $176.4m financing of Voyager I’s anticipated development of a 131.1MW wind generation facility in California. The team also executes similar work in the conventional power sector; Todd Crider assisted Jefferies and Seaport Global Securities as initial purchasers with a $500m project bond offering by Stoneway Capital to be used for the construction and operation of four power generation projects in Argentina. While the practice is predominantly lender oriented, it also handles sponsor mandates; Latin American specialist Juan Francisco Méndez is advising Albanesi Energía on a $175m credit facility that will finance the construction of a new power plant in Argentina. All named partners are based in New York.

Skadden, Arps, Slate, Meagher & Flom LLP is involved in a considerable number of renewable energy and conventional power mandates in the US for sponsors and lenders. Ethan Schultz is acting for a lender on the $100m secured-mezzanine debt facility to support the construction of a natural gas-fired combined-cycle power plant in Pennsylvania. Paul Kraske and Aryan Moniri advised an independent power company on a $150m development financing of a wind project, and the pair also handled work in Latin America, including assisting an independent power company with the restructuring of a credit facility for the development of a solar plant in Chile. David Armstrong, who is a key figure in New York, acted for DZ Bank on the refinancing of ancillary credit facilities relating to the 885MW combined cycle natural gas power plant in Alabama. Lance Brasher leads the practice and conventional power specialist Michael Rogan is also noted. Named attorneys are based in Washington DC except where stated otherwise.

Overall service is excellent’ at Sullivan & Cromwell LLP where the New York-based team is ‘uniformly strong in intellect, negotiating, deal management, associate management and business judgement, as well as being pleasant people to deal with.’ The practice is particularly recommended for its work in the mining sector, where recent mandates include Sergio Galvis and Inosi Nyatta providing ongoing advice to Sierra Gorda on the finance for the Sierra Gorda copper-molybdenum project in Chile; and Galvis and Christopher Mann assisting sponsors with various copper mining projects in Peru. Another strength is the LNG sector; Nyatta and John Estes handled a number of billion-dollar mandates for Cheniere Energy concerning the Cheniere Corpus Christi LNG export facility, including a $1.5bn offering in senior notes. On the infrastructure side, Mann was active on investment work in the US and overseas, and in one key deal he advised Pocahontas Parkway and Macquarie on the $600m sale of the Pocahontas Parkway in Virginia to Globalvia.

Sullivan & Worcester LLP’s practice underwent some restructuring following a number of departures including former practice head Elias Hinckley, who left for K&L Gates. Washington DC-based Jeffrey Karp, who now has charge of the team, was active for a developer on an export credit agency-backed power project financing in East Africa. The practice is probably most notable for its sponsor side renewable work, with New York-based Hayden Baker and Truman Bidwell and Boston-based Benjamin Armour and Nicole Rives names to note in this space. Recent work includes advising on the acquisition and financing of landfill gas-to-energy facilities, waste-to-energy facilities and solar energy projects. BNRG Renewables, Cube District Energy, and I Squared Capital are all clients.

Vinson & Elkins LLP leads the way in advising sponsors and equity investors on the financing of major oil and gas projects; Washington DC-based Katy Gottsponer is acting for AES and the Motta Group on the $535m project financing of the Colón LNG-to-power project, and Keith Fullenweider, New York-based David Wicklund, Mark Brasher and Dallas-based John Grand are all part of a team assisting Blackstone Energy Partners and Blackstone Capital Partners with its $1.6bn investment in the Rover pipeline in the US. The practice is also well versed in handling infrastructure work, and in one example Kaam Sahely and Mark Brasher are assisting Texas Central Partners with the finance for a high-speed rail project between Dallas and Houston. In another Texas mandate, the same duo advised Gulf Coast Ammonia on the $800m financing of a hydrogen-based ammonia production facility. John Connally and James Cuclis head the team. All named partners are based in Houston save where stated otherwise.

White & Case LLP has a stellar reputation for LNG projects; New York-based Jason Webber and Washington DC-based Sean Johnson are acting for FLNG Liquefaction II on its private placement of $450m of investment-grade project bonds as part of the financing of the natural gas liquefaction and LNG export facility being constructed at Quintana Island near Texas. Additional mandates in the oil and gas sector were undertaken for national oil companies such as Saudi Aramco and Adnoc; New York-based Wendell Maddrey was part of an international team advising the former on its potential joint venture with PT Pertamina to expand and upgrade Pertamina’s Cilacap refinery in Indonesia. In the lender space, the practice regularly assists with projects in Latin America: Miami-based Carlos Viana and Jeannine Acevedo are advising the senior lenders, and Prudential as initial fixed-rate note purchaser, on a long-term project financing for the development of a 600km electricity transmission line in Chile; and Washington DC-based Ned Neaher is advising Banco Santander-Chile on the financing of the value added tax associated with the construction of two wind farm projects in Chile. The practice is led from New York by global practice head Arthur Scavone. Other key figures in that office are Clark Wohlferd and PPP specialist Dolly Mirchandani, who joined from Allen & Overy LLP.

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