Under the leadership of Dorina Yessios in New York, the project finance department at A&O Shearman has developed specialized PPP capabilities and is well equipped to handle all stages of the PPP lifecycle. The team additionally showcases expertise in renewable energy projects and strategic project M&A. The practice’s diverse roster of clients spans private equity and infrastructure fund managers, multinational lenders and government agencies. Based in New York, Cynthia Urda Kassis
is a key contact for corporations, financiers and development institutions, and offers expertise on project finance, joint ventures and restructuring. Kent Rowey, who splits his time between New York and Los Angeles, is well versed in the full asset lifecycle of infrastructure projects. New York’s Paul Epstein is a leading attorney in the PPP space and is sought by major government agencies. Other key practitioners include Nisim (Niso) Matari, who is based in New York and stands out for his capabilities in complex finance transactions and credit arrangements. Daniel Sinaiko departed the team to Latham & Watkins LLP in April 2024.
Project finance in United States
A&O Shearman
Practice head(s):
Dorina Yessios
Other key lawyers:
Cnythia Urda Kassis; Kent Rowey; Paul Epstein; Matthew Nesburn; Nisim (Niso) Matari
Key clients
ECP ForeStar
Scale Microgrid Solutions
Tokyo Gas America Ltd.
JERA Renewables
TotalEnergies Renewables USA
Advantage Capital
Sol Systems
Stonehenge Capital
United States Department of Energy (U.S. DOE)
Abertis
ConRAC Solutions
ENGIE North America Inc and AxInfra US LP
Ohio State Energy Partners, (ENGIE and Axium (OSEP)
Bregal Sagemount
United States Department of Transportation (U.S. DOT)
U.S. Environmental Protection Agency (U.S. EPA)
U.S. Department of Energy (U.S. DOE)
Work highlights
- Represented ECP ForeStar (an Energy Capital Partners business) and Copenhagen Infrastructure Partners (CIP) as debt financing sources for the Williams biocarbon facility in California. The senior debt, which was in the form of green bonds, was provided through ECP and CIP’s Green Credit Fund.
- Representing Scale Microgrid Solutions in a transaction to obtain equity financing from Captona LLC, which included the first-ever tax credit transfer partnership.
- Advised Tokyo Gas America Ltd. in connection with the tax equity financing for the 500 MWac Aktina solar facility in southeastern Texas with Bank of America and Morgan Stanley as investors.
- Abertis Infraestructuras, SA, a Spanish company that is a global leader in the management of toll roads, with a presence in 16 countries and over 8,600 kilometers of toll roads under its management.
- Assisted ConRAC Solutions in the development, financing, and construction of a consolidated rental car facility at Reno-Tahoe International Airport.
Akin
Akin has a particularly strong client base of commercial and investment banks, PE firms and other financial institutions in a project finance offering whose hallmark is debt and equity energy project financing. The team strikes a balance between traditional power, in which the firm has a notable history, and sustainable projects, from solar and wind, to battery storage and carbon capture capture ventures. At the firm’s New York office, Ike Emehelu co-leads the group and is a key advisor to lenders and investors engaging with renewable projects. From Houston, Matt Kapinos is fellow practice head, assisting with the full lifecycle of energy projects, from acquisition and financing, through development and on to refinancing. The team also has tax equity strength, largely in the shape of Shariff Barakat at the Washington DC office, and April Kim in Irvine. Hayden Harms focuses on commercial contract negotiations and agreements from Houston, while for battery storage finance LA-based Dan Lynch is a contact to note.
Practice head(s):
Ike Emehelu; Matt Kapinos
Other key lawyers:
Shariff Barakat; Hayden Harms; April Kim; Dan Lynch; Vanessa Wilson
Key clients
MUFG Bank, Ltd.
CIT and Siemens Financial Services, Inc.
CenterPoint Energy Inc.
Excelsior Energy Capital
Kennedy Lewis Investment Management LLC
National Grid
Rockwood Asset Management
The Guardian Life Insurance Co.
Santander
Rabobank
HSBC
Tenaska
U.S. Bancorp Community Development Corporation
CIM Group LLC
First Ammonia, LLC
Pacifico Power
Apterra Infrastructure Capital LLC
Work highlights
- Advised Excelsior Energy Capital on the $1.3bn financing package for the Faraday Solar project, a 682.5 MW ground-mounted solar facility in Utah County, Utah.
- Represented Climate United in financing for Scenic Hill Solar’s solar energy project that will provide power to University of Arkansas.
- Represented Kennedy Lewis in the purchase of a pool of solar loans and a related secured revolving credit facility provided by MUFG Bank, Ltd.
Baker Botts L.L.P.
In the energy sector Baker Botts L.L.P. is a robust choice for sophisticated tax equity financings, as well as a variety of debt and equity transactions. The group is accomplished in both domestic and cross-border mandates spanning a range of energy sector projects, including oil and gas, clean fuels, renewables and electric transmission. Clients of the practice include multinationals in power production and global asset management. In San Francisco, Dino Barajas leads the department and has a focus on domestic and international project development and finance, with particular emphasis on Latin American infrastructure projects. At the firm’s New York office, Ellen Friedman is reliable counsel for both developers and sponsors seeking assistance with clean energy transition projects. Mona Dajani has strength in tax equity deals involving solar and energy storage. John Papaspanos has broad experience across M&A, tax, and debt financing structures, and Frank Schoen is the name to note for project finance, leveraged finance and acquisition finance for conventional and renewable energy projects. Federal income tax is the standout strength for Michael Bresson in Houston.
Practice head(s):
Dino Barajas
Other key lawyers:
Ellen Friedman; Michael Bresson; John Papaspanos; Frank Schoen; Vladimir Fet; Mona Dajani
Key clients
AES Corporation, The
Blackstone Infrastructure Partners
Centaurus Renewable Energy LLC
CenterPoint Energy, Inc.
CIM Group LLC
EDPR NA Distributed Generation LLC
Green Street Power Partners, LLC
Hannon Armstrong
HyVelocity, LLC
Panamint Capital LLC
Sunnova Energy International, Inc.
Transmission Developers, Inc.
Work highlights
- Advising the HyVelocity hydrogen hub, a consortium of 7 energy companies focused on developing a large-scale clean hydrogen ecosystem along the US gulf coast, primarily in Texas and Southwest Louisiana.
- Assisted Green Street Power Partners, LLC with project refinancing of a portfolio of solar projects.
- Represented Sunnova Energy International on a $3bn loan guarantee agreement between Sunnova and the U.S. Department of Energy (DOE) Loan Programs Office, which equates to a 90% guarantee of up to $3.3bn of term loans, to support solar loans originated by Sunnova under a new solar loan channel named “Project Hestia.”
Baker McKenzie LLP
Renewable energy and clean technologies are the drivers of the projects team at Baker McKenzie LLP, assisting with both debt and equity finance transactions. The department is adept at advising lenders, sponsors or borrowers, and a complementary, strong tax practice facilitates advice on novel tax equity financing structures. Clyde Rankin‘s broad practice encompasses airport projects, renewable energy developments, and power projects. He is a key contact at the New York office and co-leads the group alongside Chicago-based duo José Morán and James O’Brien. Morán’s cross-border practice includes a host of Latin American transport projects, as well as renewable energy work in Canada. O’Brien supports his clients throughout a project’s life cycle, and also lends tax expertise to the group. Further tax assistance in this area comes from Maher Haddad, and Stan Sirot is another notable contact for both sponsors and lenders.
Practice head(s):
Clyde Rankin; José Morán; James O’Brien
Other key lawyers:
Maher Haddad; Stan Sirot; Carlos Suarez; Elaine Wilkins
Testimonials
‘Maher Haddad; Clyde Rankin, and Elaine Wilkins are all very technical and personable.’
Key clients
Birchwood Power Partners
HA Sustainable Infrastructure Capital, Inc
Iberdrola
J-POWER USA
Repsol S.A.
Best Buy Stores, LLC
Ferrovial (Natixis, BBVA and Norinchukin)
Avangrid Renewables, LLC
Work highlights
- Advised Iberdrola on the sale of 55% of its business in Mexico for around $6.2bn.
- Advising J-POWER USA ion the sale to Public Service Company of Oklahoma of 100% of J-POWER USA and John Hancock joint venture’s indirect equity ownership in interests in the Green Country Energy Project, an approximately 795 MW combined-cycle power generation facility located in Jenks, Oklahoma.
- Advised HA Sustainable Infrastructure Capital (HASI) on its structured equity investment in an approximately 605-megawatt (MW) portfolio of solar and solar-plus-storage assets, developed, owned and operated by The AES Corporation, spanning seven power markets and 11 states.
Ballard Spahr LLP
Ballard Spahr LLP‘s considerable offering across project finance is a robust choice for government agencies seeking counsel on major transport infrastructure builds, and the practice also regularly acts for lenders and developers. It further excels in energy projects, focusing on financing, regulatory and commercial advice to energy companies and investors in the sector. The firm also has a strong capital markets offering in the space. Steve Park, ‘widely recognized as a leader in the P3 legal field’, is a go-to lawyer for public entities, private developers, and lenders. He is based in Philadelphia along with fellow co-leaders of the group Patrick Gillard and Randall Towers. They both focus on project finance transactions in the energy space, assisting with a range of debt instruments. John Smolen rounds out the leadership team and from the Baltimore office acts on design-build, P3s, and other APD civil and social infrastructure projects across the country. Further key contacts include tax equity expert Bruce Johnson at the Las Vegas office; Donna Brady in Los Angeles, who has a strong practice in transport and social infrastructure; and William Estes (New York) and John Wheatley (Washington DC), who add further design-build and P3 experience and frequently collaborate as counsel on major transport constructions.
Practice head(s):
Patrick Gillard; Randall Towers; Steve Park; John Smolen
Other key lawyers:
Bruce Johnson; Lea Phillips; Katie Leesman; Donna Brady; John Wheatley; Matt Vantusko; William Estes
Testimonials
‘They are very knowledgeable in the P3 space and exceptionally responsive to a client’s timeline and needs.’
‘Steve Park is widely recognized as a leader in the P3 legal field. His track record and client referrals speak for themself.’
Key clients
Constellation Energy Generation LLC
Exelon Corporation
Green Development, LLC
University of Florida
Colorado Department of Personnel & Administration
Wells Fargo Bank, N.A.
City of Annapolis
Virginia Department of Transportation
Pennsylvania Department of Transportation
Nebraska Department of Transportation
Georgia Department of Transportation
University of Idaho
Amtrak
Indiana Department of Transportation
Work highlights
- Retained as P3 counsel for the P3 office of the Colorado Department of Personnel & Administration (CO DPA). CO DPA has a number of P3 projects on the horizon, including the Burnham Yard project, the 1881 Pierce Street Project and the Global Energy Park Project.
- Serving as P3 counsel to the University of Idaho in connection with the delivery of a suite of projects across the campus and off-campus, including student housing, market rate housing, parking and commercial projects.
- Acting as P3 counsel to PennDOT in connection with the Major Bridges Project, the P3 development of six major bridges across Pennsylvania, which had been procured under a pre-development agreement and ultimately, a design-build-finance-maintain agreement.
Bracewell LLP
Bracewell LLP is adept at a broad array of sophisticated financing structures related to energy and infrastructure projects, with its lawyers demonstrating a wealth of knowledge on PPPs and ‘the relevant credit agreements’. Practice specialities include social infrastructure, transportation, water and renewable energy projects. Thomas Tomlinson and Alan Rafte co-chair the firm’s energy project finance team out of Houston. Tomlinson has a deep knowledge of developing both conventional and renewable energy projects, while Rafte is a leading figure for oil and gas pipelines and midstream facilities. Alongside Tomlinson, Nicolai Sarad spearheads the infrastructure project finance team and offers expertise on significant PPP projects in the United States. Other stand-out practitioners in New York include Jeris Diana Brunette, who focuses on senior and subordinated debt financings and commercial lending for renewable energy projects, and Fernando Rodriguez Marin, who assists with infrastructure and renewable energy PPP projects. In San Antonio, Blakely Fernandez is adept at structuring projects which involve public benefits and incentives.
Practice head(s):
Alan Rafte; Thomas Tomlinson; Nicolai Sarad
Other key lawyers:
Fernando Rodriguez Marin; Blakely Fernandez; Jeris Diana Brunette
Testimonials
‘The Bracewell team was led by Jeris Brunette, who understood the relevant credit agreements better than anyone, from both a legal and commercial perspective. Jeris was great at understanding her clients’ concerns and issues to lead negotiations to drive home the key points that allowed the client to have an extraordinary outcome, which was to gain some additional economics, remain unimpaired, and allowed the company to continue with its business as a relevant going concern.’
‘The Bracewell team was an experienced finance, litigation, and commercial team, which were all the functions required. The associates were very engaged and responsive to the client, company, and other advisors. They knew what it took to get a deal done.’
‘I enjoy working with the Bracewell team, as they can always find an elegant solution to solve for a problem that the stakeholders seem to reach an impasse on. Additionally, the team is able to distil complex legal matters down to a simple business or risk concept. They have a good balance of legal, financial, and commercial acumen.’
Key clients
Delaware Trust Company
Pioneer Natural Resources
MUFG Bank, Ltd.
Sol Systems LLC
Tallgrass Energy
Designated Bidders, LLC
Hidalgo County Regional Mobility Authority
SouthStar at Mayfair, LLC
Comal County Water Improvement District No. 3
Evangeline/Laguna, LP
Work highlights
- Advising Delaware Trust Company on its roles as collateral agent and depositary on two project financings: one for a 275-MW battery energy storage system in California and another for a portfolio of community solar projects in Maine and Illinois.
- Representing Pioneer Natural Resources in its participation in two renewable energy projects, including the development with NextEra Energy Resources, LLC of a 140-MW wind generation facility on surface acreage owned by Pioneer (the Hutt Wind Farm), which will supply lower-cost, renewable power to the Texas electric grid and Pioneer’s Permian Basin operations.
- Advised a US financial services company – the right lead arranger and a lead lender – on a $363m senior secured first lien credit facility consisting of a term loan, a working capital revolving loan and a letter of credit facility for a power project developer.
Butler Snow LLP
Coming under the remit of its public finance, tax incentives and credit markets group, Butler Snow LLP‘s work in infrastructure financing covers state and county soft and hard builds. A diverse client base encompasses public institutions, urban development authorities, and energy developers, and the team’s 12 offices across the country facilitate comprehensive domestic coverage. The firm’s tax credits group is a further boon to clients, assisting with federal and state new markets tax credits. Thad Varner in Ridgeland and Blake Sharpton in Macon are joint leaders of the practice group. In Denver, Kimberley Crawford represents governmental entities in public finance transactions and economic development matters, whereas John England and Anna Watson in Ridgeland are recommended for their tax advice.
Practice head(s):
Thad Varner; Blake Sharpton
Other key lawyers:
Kimberley Crawford; John England; Anna Watson
Testimonials
‘The team takes the time to understand more than the project at hand. Rather, they get to know and understand the client’s needs and organizational dynamics.’
Key clients
RBC Capital Markets, LLC
Neighborhood Health Clinics Inc.
Meridiam
Colquitt County School District
Oglethorpe County School District
City and County of Denver, CO
City of Brighton, Colorado
City of Miami, Florida
The Nemours Foundation
TD Bank, N.A.
Virginia Commonwealth University Health System Authority
Boulder Valley School District
Eagle County School District
Raymond James & Associates, Inc.
Mississippi Development Bank (MDB), City of Jackson, MS and Jackson Redevelopment Authority
New Orleans Aviation Board (NOAB)
Louisiana Housing Corporation (LHC)
Work highlights
- Acting as bond counsel to the New Orleans Aviation Board.
- Bond counsel and issuer’s counsel for Virginia Commonwealth University Health System Authority (d/b/a VCU Health) in connection with the issuance of its General Revenue Bonds, Series 2024A, and its General Revenue Refunding Bonds, Series 2024B.
- Bond Counsel to the City of Miami in connection with the issuance of its Limited Ad Valorem Tax Bonds (Miami Forever Infrastructure Programs), Series 2024A and Taxable Series 2024B.
Clifford Chance
Leveraging its strong international presence, Clifford Chance demonstrates expertise in complex development banks and multisource project financings around the globe. Recently, the team has focused on various renewable energy projects, including wind, solar and geothermal technologies and their related storage. The practice maintains its advisory role to the US Department of Energy and the US International Development Finance Corporation, among other government agencies. Lori Ann Bean heads up the department and brings extensive experience in the financing of global infrastructure and energy projects. Fabricio Longhin and Jessica Springsteen are key contacts for developers, lenders, and sponsors, with a specific focus on Latin America and the United States. Peter Hughes further strengthens the team and frequently represents government departments in energy and infrastructure projects. Patricio Abal specializes in negotiating key project documents, including offtake and PPP agreements. New York-based Gianluca Bacchiocchi rejoined the firm from Latham & Watkins LLP in March 2025. All named attorneys are based in Washington DC unless otherwise stated.
Practice head(s):
Lori Ann Bean
Other key lawyers:
Fabricio Longhin; Jessica Springsteen; Peter Hughes; Patricio Abal; Gianluca Bacchiocchi
Key clients
U.S. International Development Finance Corporation (DFC)
Export-Import Bank of the United States
U.S. Department of Energy
Inter-American Investment Corporation (IDB Invest)
Proparco
International Finance Corporation (IFC)
Department of Commerce – CHIPS
Corporación Financiera de Desarrollo S.A. (Cofide) – Peru
Financiera de Desarrollo Nacional (FDN) – Colombia
Bancolombia S.A.
Corporación Andina de Fomento
J.P. Morgan Securities PLC
MUFG Bank, LTD.
Sumitomo Mitsui Banking Corporation
Work highlights
- Advised DOE on its $72.8m partial loan guarantee to finance the development of a solar-plus long-duration energy storage microgrid on the Tribal lands of the Viejas Band of the Kumeyaay Indians near Alpine, California.
- Advising a U.S. Agency on the financing of a sustainable aviation fuel project, including corn to ethanol and ethanol to jet fuel projects. The project includes related RNG production facilities, a dedicated wind project, a dedicated green hydrogen projected, and a carbon capture and sequestration project (including a pipeline).
- Advised Bancolombia S.A., Corporación Andina de Fomento, Financiera de Desarrollo Nacional S.A., Inter-American Investment Corporation, International Finance Corporation, J.P. Morgan Securities PLC, MUFG Bank, LTD., and Sumitomo Mitsui Banking Corporation on the $1.12bn multicurrency financing of the Troncales del Magdalena 1 and 2 toll road projects in Colombia (Troncales 1 and Troncales 2, respectively).
DLA Piper LLP (US)
With its global network, DLA Piper LLP (US)’s New York-based team has expanded its project finance offering across energy and infrastructure sectors. Regarding infrastructure, the team has a strong track record of securing a broad array of funding and procurement structures, including PPP and PFI models. The department has also become sought after for its renewable energy expertise, from generation, storage and transmission. Joe Stefano heads up the practice and stands out on deals which involve financing or credit support provided by government agencies. Robert da Silva Ashley, who divides his time between New York and Miami, is ‘very responsive’ and focuses on complex project finance transactions in the energy sector across North and Latin America. As regional head of finance in Latin America, Margarita Oliva Sainz de Aja also advises financial institutions and corporations in Latin America, along with the MENA region. Miriam Figueroa, who operates out of San Juan and New York, has extensive PPP experience. Additionally, Oliver Wright specializes in project financing transactions in the mining and metals sector. Bruno Soares and Jennifer Wnek joined the team from A&O Shearman in February and March 2024 respectively.
Practice head(s):
Joe Stefano
Other key lawyers:
Robert da Silva Ashley; Margarita Oliva Sainz de Aja; Miriam Figueroa; Oliver Wright; Bruno Soares; Jennifer Wnek
Testimonials
‘The team is incredibly responsive and available. The response times are impressive and the partners are always involved.’
‘Robert Da Silva Ashley is very responsive. He gets the deal done and is very effective and practical in his negotiation approach.’
Key clients
Belgian Investment Company for Developing Countries SA/NV (BIO)
Deutsche Bank Trust Company Americas
Doral Renewables LLC
San Pedro Bioenergy
Wilmington Trust
Xinfra Fibra-E
Dragados
SGP BioEnergy Holdings, LLC
Jacksonville Jaguars
SGH2 Energy Global, LLC, a Solena Group company
Queens Ballpark Company, LLC
Tennessee Football, Inc.
Work highlights
- Advised Doral Renewables LLC in connection with the US$392m project financing provided by an international syndicate of lenders led by Deutsche Bank AG NY Branch, and the related US$175m tax equity investment commitment provided by Bank of America, for the development, construction and operation of the 400MW Mammoth Solar project located in Indiana.
- Advised Xinfra Fibra-E with the refinancing of a US$225m secured credit facility led by Deutsche Bank AG for construction and permanent financing of a 131MW combined cycle power plant and associated 18MW BESS facility located in Nuevo León, Mexico in connection with its acquisition by Xinfra.
- Advised Stonehenge in arranging for the purchase of federal renewable production tax credits to be generated by the large utility-scale Pleasant Valley solar project located in Idaho and the large utility-scale Tierra Bonita solar project located in Pecos County, Texas.
- Advised Dragados and ACS Infrastructure in connection with PortMiami’s US$435m project port project.
- Advised NFL’s Jacksonville Jaguars in a large stadium renovation project.
Gibson, Dunn & Crutcher LLP
The team at Gibson, Dunn & Crutcher LLP is lauded by clients for its combination of technical expertise and ‘deep understanding of the commercial realities of infrastructure and PPP projects’, with a strong focus on transportation assets. Models deployed by the team include commercial bank term loans, TIFIA and WIFIA loans and tax-exempt bonds. The practice can handle both brownfield and greenfield projects in a variety of industries and regularly operates on the sponsor side of project financing. Practice head Tomer Pinkusiewicz is highly regarded for his extensive knowledge of infrastructure financing and development. Anita Girdhari is a leading specialist in PPPs across all asset classes. The ‘excellent’ Toren Murphy also focuses his practices on PPPs and brings expertise in transportation, as well as social infrastructure and campus utility systems. All named attorneys are based in New York.
Practice head(s):
Tomer Pinkusiewicz
Other key lawyers:
Anita Girdhari; Toren Murphy; Aja Sanneh; Mara Abera
Testimonials
‘They are very close to the client, understand what the client needs and are always there when you need them.’
‘Their profound knowledge of the industry in all respects: legal and commercial, stakeholders’ interests, etc. They are the best I know in the road PPPs sector.’
‘Tomer Pinkusiewicz and Anita Girdhari make an extraordinary team. They complement each other marvellously. Tomer has a very extensive knowledge of the industry and impressive business acumen and communication skills. Anita also has great experience and business acumen and an impressive ability to deal with the details rigorously and reliably.’
‘The Gibson practice in this area is highly skilled and knowledgeable with respect to market standards, commercial recommendations and value for money proposition, which regularly exceeds the cost of the services. Given the number of deals that the Gibson practice team completes in this area makes Gibson the most attractive service provider.’
‘Toren Murphy and his team, comprised of Aja Sanneh and Mara Abera, are excellent. We have been working with Toren for about at decade now. Toren and his team are highly knowledgeable and responsive. Toren and his team also take the time to form and maintain relationships with their clients, which allows, in my humble opinion for a solid working relationship built on trust and mutual understanding.’
‘The practice is truly exceptional. What sets the team apart is their combination of deep expertise, strategic thinking, and a hands-on, collaborative approach.’
‘What potential clients should know is that this team is incredibly thorough and responsive. They understand the urgency and complexity of major infrastructure projects and consistently deliver timely, precise guidance.’
‘Compared to other firms, Gibson Dunn stands out for their ability to combine technical expertise with a deep understanding of the commercial realities of infrastructure and PPP projects. They’re not just excellent lawyers—they’re strategic partners who genuinely care about the success of the project.’
Key clients
Abertis Infraestructuras
Blueridge Transportation Group
Channelside Water Resources LP
Cintra
Ferrovial
JFK NTO LLC
Macquarie Asset Management
Meridiam Infrastructure North America
New Energy One, LLC
NTE Mobility Partners
Puerto Rico Tollroads, LLC
Purple Line Transit Partners
Shikun & Binui
Work highlights
Hunton Andrews Kurth LLP
Hunton Andrews Kurth LLP fields a dedicated team of experts in primary and secondary transactions involving public-private partnerships. The firm takes a multi-sector approach in representing a wide array of lenders, equity sponsors, procuring authorities and sub-contractors. Prowess in toll road PPPs is one of the hallmarks of the practice group, and it has also had a recent flow of notable rail project financing. For energy project financing the team has carved out a strong presence in clean energy, especially solar projects and battery storage facilities. It excels in tax equity financing. The energy team is led by Jeff Schroeder in Washington DC, while infrastructure and PPPs are overseen by David Horner at the same office. Laura Jones is based in Richmond and focuses her practice on tax equity financing of renewable energy projects. Further key names on the energy side include New York-based George Borovas, head of the nuclear practice, and Geoffrey Lorenz in Washington DC, who assists with electric-generating facilities employing renewable technologies. Senior figure on the infrastructure side, John O’Neill in Richmond is a veteran of the field, and Mark Arnold has broad public law and real estate knowledge. The agency finance group is led by Jamie Head in Washington DC, while Andrej Micovic in Miami stands out for his ‘innovative, commercial approaches’ to complex PPP and privately-owned projects in the US and Latin America. At a more junior level, Ryan Pedraza at the Richmond office assists with the full range of major infrastructure financing.
Practice head(s):
Jeff Schroeder; David Horner
Other key lawyers:
Ryan Pedraza; Andrej Micovic; Geoffrey Lorenz; George Borovas; Robert McNamara; Mark Arnold; Douglas Dua; John O’Neill; Jamie Head; Forrest Murphy
Testimonials
‘I had the privilege of collaborating with Ryan Pedraza from Hunton Andrews Kurth over the past year on a broadband contract exceeding $100 million. Working with Ryan was an exceptional experience; his professionalism, customer service, and expertise in the telecommunications sector are unmatched. His extensive experience in contract negotiation and strategic thinking played a crucial role in the successful implementation of the contract, which involved a commercial vendor and two state agencies. Ryan genuinely exemplifies the attributes of an exemplary legal professional.’
‘360 degree experience in transactions, partners working on all sides of the negotiating table in various transactions allows unique insights into our clients, competition and the evolving nature of the contracts governing our work in public-private partnerships and turnkey project delivery.’
‘Lead partner David Horner is trusted advisor with a strong commercial perspective and facilitator to other partners within the firm with subject matter expertise.’
‘Andrej Micovic – very knowledgeable about a variety of fields, on top of his matters and makes himself available when needed.’
‘Long-standing experience in PPPs. The team brings a thoughtful approach, with pragmatic thoughts on risk, to its clients. With the many PPPs that the team has advised on, they are able to give context from a variety of deals and deal structures.’
‘David Horner is an exceptional attorney in the PPP space. He is able to bring together the legal/contractual risks with the political overlay to guide his clients.’
‘Andrej Micovic differentiates himself from other attorneys and practices with innovative, commercial approaches to solve risks and negotiation roadblocks.’
‘Our collaboration with Hunton has been fantastic in iteratively refining the deal structure of a complex and innovative project. The Hunton team has proven to be incredibly intellectually flexible and adaptive in navigating a wide array of challenges on this first-of-its-kind deal. The team quickly understood the commercial and policy considerations that were the driving force behind the transaction, and were able to creatively implement legal and contractual mechanisms to address those. Additionally, they have been efficient, responsive and always well prepared in order to carry the transaction forward.’
Key clients
International Finance Corporation
Government of Uzbekistan
United States International Development Finance Corporation
Baylor University
U.S. Departments of Energy and Commerce
Nuclear Power Plants Authority of Egypt (NPPA)
Core Tech International
Tennessee Department of Transportation
Nevada Department of Transportation and Brightline West
Brightline Trains Florida LLC
Virginia Passenger Rail Authority
Baylor University
Manulife Investment Management Private Markets (US) LLC
California Department of Technology
District of Columbia Department of Transportation
West Virginia Division of Highways
Core Tech International (Guam)
Sevana Bioenergy
El Salvador Government (Republic of El Salvador)
North Carolina Department of Transportation
ASTM North America, Inc.
Sacyr Infrastructure USA LLC
Meridiam Infrastructure North America Corporation
Plenary Americas US Holdings Inc.
Star America Infrastructure Partners LLC
Work highlights
King & Spalding LLP
King & Spalding LLP is a key port of call for complex conventional and renewable energy project financing transactions. Along with project and acquisition financing, the team is repeatedly called upon to advise on early-stage capital financing and is also trusted with workouts and rescue financing. Operating out of New York, practice head Brandon Dalling has been praised by clients ‘as one of the best lawyers in the industry’. Dalling’s practice centers around high-value acquisition financings, critical credits and term loan facilities, and debt and tax equity financings. Tristan Pelham Webb, who divides his time between Denver and New York, is active in greenfield and brownfield permanent project financings. Fradyn Suárez in Miami is another key advisor and represents a broad array of stakeholders in connection to transportation, infrastructure and renewable energy projects. Craig Phillips also comes recommended for his ‘mastery of tax matters on renewable projects’.
Practice head(s):
Brandon Dalling
Other key lawyers:
Nick Venetz; Stuart Zisman; Heath Trisdale; Mark Greenberg; Tristan Pelham Webb; Craig Phillips; Fradyn Suárez
Testimonials
‘The K&S team is quickly becoming my go-to firm. Their work on a recent global transaction received much deserved attention. They are reliable and take ownership of transactions. They don’t simply wait for tasks or instructions, they think about solutions, draft, and advise. Although their turnaround time is remarkable, they never compromise on quality. Not only do they think of solutions, they think about how the solutions will affect other structures or transactions, such as financings. ’
‘Brandon Dalling stands out as one of the best lawyers in the industry. He is able to crystallize issues and offer unique solutions to complex matters. His legal skills are top-notch, being always ahead of legal and commercial developments affecting transactions, adding value every time he participates on discussions and reviews documents, always efficient and crisp. On adversarial matters, I’d pick Brandon to be on my side.’
‘Nick Venetz’s strong analytical skills allow him to offer on-point advice on all our matters. He is proactive, reliable and responsive. His role in one of our largest transactions has caught the attention of our internal clients, who ask for Nick on most new matters.’
‘Great attorneys, from junior and senior associates to partners. Excellent experts in tax and renewable energy financing.’
‘Tristan Pelham Webb offers great customer service and is highly engaged in his transactions (doesn’t pass off the job to a different partner or to his associates with little oversight). He is well versed in project financing, has an excellent understanding of the market, and is very commercial.’
‘Craig Phillips offered great, creative thinking. He has a mastery of tax matters on renewable projects and can explain complicated concepts clearly, which can be hard to find in a tax lawyer.’
‘Very diligent and thoughtful while being pragmatic and creative in moving forward a critical financing for us on a very short timeline.’
‘Tristan Webb is an excellent attorney with very strong business acumen and an ability to effectively negotiate with our counterparties.’
Key clients
Axium Infrastructure
EverWind Fuels
DESRI
Nikola
Carolina Power Partners
NextDecade
Ohio Power Partners
Macquarie
PureSky Energy, Inc.
Work highlights
- Represented Macquarie Asset Management (“MAM”) in connection with its acquisition of a minority stake in D.E. Shaw Renewable Investments, Inc. (DESRI) via a number of MAM-managed funds, which investment of up to approximately $1.725 billion is intended to enable DESRI to continue its growth and enhance its market-leading position.
- Assisted Brookfield on a five-year agreement provides a pathway for Brookfield to deliver to Microsoft over 10.5 gigawatts of new renewable energy capacity between 2026 and 2030 across the U.S. and Europe.
- Represented Axium Infrastructure in its acquisition, financing and interest rate hedging involving the Edwards-Sanborn 1A Project and Edwards-Sanborn 1B Project, with a $1.2 billion enterprise value.
Kirkland & Ellis LLP
Kirkland & Ellis LLP is well regarded for its ‘first-rate project finance energy team’ which advises clients throughout the life cycle of infrastructure and energy projects. The firm’s leading private equity practice positions the team well to advise infrastructure funds, lenders and private equity investors, including notable clients like Brookfield and Blackstone. The team’s varied caseload covers traditional project finance, as well as back-levered and hybrid transactions. Clients describe Rohit Chaudhry, who is based in Washington DC, as ‘the go-to’ attorney for project financing, sales and restructurings across the energy spectrum, particularly for the debt side of transactions. Also based in Washington DC, Roald Nashi remains a key contact for private equity and infrastructure fund clients while Sam Kamyans is a specialist in structuring tax-driven transactions. Robert Eberhardt has significant expertise in renewable energy and energy transition transactions, with a particular emphasis on onshore and offshore wind. Kelann Stirling is another renewable energy specialist and frequently advises on sustainable financing. Tatiana Monastyrskaya brings additional expertise in a broad array of financing transactions. Eberhardt, Stirling and Monastyrskaya are all located in New York.
Practice head(s):
Rohit Chaudhry
Other key lawyers:
Roald Nashi; Robert Eberhardt; Tatiana Monastyrskaya; Allan Kirk; Gregory Howling; Kelann Stirling; Sam Kamyans; Mackenzie Drutowski; Alexandra Farmer
Testimonials
‘A first-rate project finance energy team that we have not seen lose when it matters most.’
‘Roald Nashi is a brilliant lawyer and commercially driven. Allan Kirk is an outstanding lawyer who is savvy and driven. Gregory Howling is a great lawyer, responsive and driven.’
‘Top project finance law firm in the market based on expertise, depth of capabilities, client relationships, management of transactions and collegiality of team members.’
‘Rohit Chaudhry is the absolute go-to US project finance lawyer. Able to provide highly commercial and actionable legal advice that leaves no stone unturned in quality and breadth of analysis, yet always sharp and concise.’
‘Kelann Stirling is a pleasure to work with, consistently at the top of her game and dedicated to delivering top-quality results every time.’
Key clients
Apex Clean Energy
ArcLight Capital Partners
Ares
Aypa Power
Basalt Infrastructure Partners
BlackRock
Blackstone
Canada Pension Plan Investment Board
Generate Capital
Global Infrastructure Partners
KKR
Macquarie
Morgan Stanley Infrastructure
SB Energy
Transition Equity Partners
Altus Power
Apex Clean Energy
ArcLight Capital Partners
Ares
Aypa Power
Basalt Infrastructure Partners
Blackstone
Brookfield
Canada Pension Plan Investment Board
Generate Capital
Glentra Capital
Global Infrastructure Partners
Intersect Power
KKR
Linea Energy
Macquarie
Sandbrook Capital
SB Energy
SunPower
TPG
Vineyard Wind 1
Work highlights
Latham & Watkins LLP
Energy transition stands out as a hallmark of Latham & Watkins LLP‘s project finance work in the sector, with battery storage, solar and wind financings areas of strength under that umbrella. The practice has a notable track record in first-of-their-kind financings in innovative energy projects, while also maintaining a position at the top of the LNG market in the US. For infrastructure and PPP projects, the team has a strong presence in fiber installation projects and other developments relating to digital assets. Cross-border work regularly crops up in the team’s slate of work and projects in Latin America are a particular strength. Jeff Greenberg is the head for both energy and infrastructure project financing and is counsel of choice to major international financial institutions. LNG exports and natural gas liquefication are focuses for both Jonathan Rod
and Jason Webber
, and Matthew Henegar‘s practice spans renewables, conventional energy, and infrastructure assets. The aforementioned Latin American projects often involve Guido Liniado, while Chirag Dedania is a key name for the financing of data centers. Kelly Cataldo and Omar Nazif are well known in the renewables space, which is also the forte of more junior lawyer Annelise Karreman. Warren Lilien has a strong client base of private equity sponsors, and Cameron Lyons has minerals, metals and chemicals work as part of a broad practice. Renewables expert Daniel Sinaiko and Washington DC-based Scott Cockerham are further key names to note. The team operates out of New York unless otherwise stated.
Practice head(s):
Jeff Greenberg
Other key lawyers:
Jason Webber; Matthew Henegar; Daniel Sinaiko; Chirag Dedania; Kelly Cataldo; Guido Liniado; Omar Nazif; Cameron Lyons; Chris Peponis; Annelise Karreman; Scott Cockerman; Hamad Al Hoshan; Eli Katz; Patrick Nevins
Testimonials
‘Terrific expertise on project finance for energy companies.’
‘I have come to rely heavily on Paul Hunt for his experience, his judgment and his negotiation skills.’
‘Latham can bring a multitude of talented lawyers to manage hugely complex project financing transactions. Not many firms can replicate that ability. Plus, the top talent are exceptional communicators and lawyers.’
‘Hamad Al Hoshan is terrific. He is incredibly talented, committed and tenacious. His communications skills are top-notch.’
‘Extremely deep knowledge of the market and are on the cutting edge of transactions in the energy sector.’
‘Omar Nazif, Kelly Cataldo and Eli Katz are exceptional partners at Latham. Omar and Kelly are extremely commercial and have a great understanding of what it takes to get financings to a close. They also have a great deal of insight on novel transaction structures and Eli has been instrumental on navigating the implementation of the IRA into the financing of renewable projects.’
‘The Latham team brings deep industry knowledge to support us and contextualize key business decisions in support of our development and financing activities. The team are skilled problem solvers and have a strong commercial acumen and business sense that can otherwise get lost in legal minutiae by other firms. In addition, we have noted and appreciated the Latham teams discipled approach to billing and managing our numerous matters with them. The scope of the franchise is strong and we have turned to Latham to help us in a number of matters outside of the ordinary course. They are always willing and capable of stepping up to the plate for us.’
‘Chirag Deanna and Patrick Nevins are our key relationship partners. They are closely intertwined with our business affairs, deadlines, and key milestones on their own initiative. We have been impressed by their responsiveness and how well-prepared they are, at a moment’s notice, to support our urgent and regular-course requests. They have also managed the broader deal teams effectively by drawing from a deep bench of skilled senior and junior associates.’
Key clients
Apollo Management
Ares Capital
Avenue Capital
BMO Capital Markets
The Carlyle Group
Conterra Ultra Broadband Holdings
Credit Agricole Corporation & Investment Bank
Energy Capital Partners
Global Infrastructure Partners
Harvestone Low Carbon Partners, LP
Lotus Infrastructure Partners
MUFG Bank
OIC
Santander
SMBC
Terra-Gen Power, LLC
Vacuumschmelze
Vitol
Work highlights
- Advised Cedar LNG Partners LP on achieving a positive final investment decision for the Cedar LNG Project, a floating LNG facility located in the traditional territory of the Haisla Nation, on Canada’s West Coast.
- Advised the lenders in SB Energy Global’s $2.4bn finance to support energy communities with renewable energy in Milam County, Texas.
- Advised the lenders on a $1.25bn project financing and construction warehouse facility for the Morrow Lake Solar project, a 200MW solar electricity generation facility in Texas developed by Leeward Renewable Energy.
Linklaters LLP
Linklaters LLP specializes in financing and developing energy transition and renewable energy projects, often involving a cross-border element. The group has solid experience in wind, solar, EV charging, hydrogen, biofuels and waste projects, and is well equipped to advise the full gamut of stakeholders on their assets. Marius Griskonis and Ron Erlichman co-chair the department from New York; Griskonis is a leading attorney for complex and large-scale renewable projects and transactions; Erlichman focuses on the acquisition and disposition of projects, and is sought after by lenders, sponsors and private investment funds. Lauren Bachtel, also located in New York, provides compliance and environmental regulatory expertise across a broad array of projects and transactions. In Washington DC, Diana Jeschke reviews and negotiates project-related commercial agreements, such as power purchase and offtake agreements. Michael Rodgers, a Washington DC-based attorney who joined from White & Case in November 2023, has bolstered the team’s offering with his experience structuring project transactions, such as flip partnerships and tax credit structures.
Practice head(s):
Marius Griskonis; Ron Erlichman
Other key lawyers:
Lauren Bachtel; Diana Jeschke; Michael Rodgers
Key clients
Advanced Power U.S. Energy Holdings
Avangrid Renewables
Avantus
Avia Solutions Group (ASG)
Attentive Energy
BNP Paribas
Credit Agricole
Citi
East West Bank
Elia Group SA/NV
Eni Plenitude S.p.A.
Export-Import Bank of Korea (KEXIM)
Korea Trade Insurance Corporation (K-SURE)
Morgan Stanley
Mizuho
Ontario Teachers’ Pension Plan (OTPP)
Qualitas Energy
Sixth Street Partners
SMBC
SouthCoast Wind
Terna S.p.A.
TOR Investment Partners
WindGrid
Work highlights
- Advising KEXIM, K-SURE and the lender group on the financing for the JV between Hyundai Motor Group and SK On (HSAGP Energy LLC) to build a 35Gwh EV battery manufacturing plant of HSAGP Energy LLC in Georgia.
- Advised Mizuho Bank, Ltd. in connection with an US$80m financing to a newly formed subsidiary of Saavi Energía (Saavi). The proceeds of the facility were used to purchase mobile gas turbines from General Electric for the purpose of leasing to third parties to provide emergency power capacity in Mexico and the U.S. to address an ongoing energy crises in impacted markets.
- Representing East West Bank as tax equity investor in connection with its investment in a 7.4MW fuel cell project located on the U.S. Naval Submarine Base in Groton, Connecticut.
Mayer Brown
Mayer Brown maintains its reputation for navigating complex and high-value project finance transactions in the energy and infrastructure sectors. The team has recently leveraged its expertise in high-end PPPs to act on the financing of network rail projects across the US. In the energy space, the practice has demonstrated experience in a wide variety of financing strategies, including through the lending market, the bond market, grants and tax equity investments. Joseph Seliga spearheads the firm’s government transactions practice and is widely recognised as an expert on PPP transactions within the infrastructure and transport sectors. Seglia co-heads the project finance team with Paul Astolfi, who leads multi-tiered financing structures in the renewables industry and is a key contact for leading financial institutions. In New York, Daniel Kiely is a tax attorney specialising in renewable energy investments and tax credits. Other standout practitioners in the infrastructure space include David Narefsky, who maintains an active role in high-profile PPP transactions, particularly regarding their government and regulatory aspects, and Stephanie Wagner, who has extensive expertise in state and local government law, as well as public finance. Mitch Holzrichte acts as a trusted advisor to government agencies, lenders, and private developers due to his innovative project delivery methods. All named attorneys operate out of Chicago unless otherwise noted. Isaac Maron joined from Latham & Watkins LLP and Vinita Sithapathy joined from Freshfields in May and September 2024, respectively. Nadav Klugman departed the team to White & Case LLP in April 2024.
Practice head(s):
Paul Astolfi; Joe Seliga
Other key lawyers:
Daniel Kiely; David Narefsky; Stephanie Wagner; Mitch Holzritchter; Rachel Smith; Gabriela Chavez Barrientos; Holly Qin; Isaac Maron; Vinita Sithapathy
Testimonials
‘Mayer Brown is renowned for its multidisciplinary approach, deep industry expertise, client-first mindset, and strong commitment to diversity and inclusion. These attributes, coupled with its ability to deliver outstanding legal services, position the firm as an ideal partner for clients seeking expert counsel on complex legal matters.’
‘Mayer Brown’s attorneys possess deep legal knowledge and specialized expertise in their respective areas. They have a thorough understanding of complex legal matters and the skills required to offer strategic guidance and solutions to clients. I worked very closely with Stephanie Wagner, Rachel Smith, Gabriela Chavez Barrientos, and Holly Qin. I cannot recommend them enough.’
Key clients
Apollo / Atlas Securitized Products
Ares Management
Bank of America
BlackRock
Blackstone
Brookfield Asset Management
Caisse de dépôt et placement du Québec (CDPQ)
ClearGen LLC (100% owned portfolio company of Blackstone Credit Sustainable Resources Platform)
Deutsche Bank AG
Diamond Generating Corporation
Duke Energy Corporation
ENGIE North America Inc.
Fengate Asset Management
GE Energy Financial Services, Inc
ING Capital LLC
MUFG
Nestlé
Nomura
Norddeutsche Landesbank
KKR/ Global Atlantic Financial Group
Leeward Renewable Energy
Longroad Energy
Rabobank
Santander
Tyr Energy
Wells Fargo
Gateway Development Commission (GDC)
KPMG/Michigan Department of Transportation
Morgan Stanley
Virgin Islands Port Authority (VIPA)
Illinois Department of Transportation
ACS and Glydways
University of Michigan
Queensland Investment Corporation
Iridium Concesiones de Infraestructuras, S.A. (ACS Group)
Work highlights
- Represented Caisse de Dépôt et Placement du Québec (CDPQ) in consortium with Blackstone and Invenergy to acquire renewables portfolio from AEP for $1.5bn. The portfolio includes 14 projects in 11 states and is comprised of 1,200 MW of wind generation and 165 MW of solar projects.
- Successfully represented Engie in the $1.2bn acquisition of Broad Reach Power LLC, a company specialized in battery storage, from private equity funds EnCap Energy Transition and Apollo Infrastructure. The transaction involves 350 MW of operating assets as well as 880 MW under construction and 1.7 GW of advanced stage projects and a significant pipeline of early stage projects.
- Continue to advise and represent Client in the sale of a 50% interest in Terra-Gen, owner and manager of over 50 US renewable generation and electric marketing businesses and assets, by Client’s partner in Terra Gen, Energy Capital Partners, to Masdar, a special-purpose investor sponsored and controlled by the Government of the UAE.
- Represented Morgan Stanley as lead underwriter on multiple tax-exempt financings, totalling approximately $1.65bn to support the development of Brightline West, a privately developed passenger rail network connecting Las Vegas with Southern California
- Represented Morgan Stanley as lead underwriter on multiple tax-exempt and taxable financings, totalling approximately $7.5bn, to support the development of Brightline Florida, a privately developed passenger rail network.
McGuireWoods LLP
Utilities and infrastructure funds are among the clients that turn to McGuireWoods LLP for project finance expertise and its multifaceted energy industry team that encompasses M&A, development, and tax issues relating to energy projects. Renewables are the primary focus, with both onshore and offshore wind, solar, and associated battery storage facilities regularly handled. A trio of lawyers oversee the practice group: Durham McCormick, a specialist in tax advice with extensive experience of such in the energy space; Brian Kelly, who covers M&A, project development, and project financing; and Brennen Keene, a real estate and land use expert. Tim Callahan often advises on complex financing structures in the renewables and conventional power spaces, while Doug Lamb is one of the most active practitioners across infrastructure and PPPs, commercial agreements, and project financing. McCormick is based in Houston, Kelly in Baltimore, Keene and Lamb are at the Richmond office, and Callahan is based in Chicago.
Practice head(s):
Brian Kelly; Brennen Keene; Durham McCormick
Other key lawyers:
Tim Callahan; Evelyn Kim; Doug Lamb; Jay Hughes
Key clients
KeyBank National Association
Dominion Energy, Inc.
Work highlights
- Advising KeyBank National Association on equipment, construction and permanent financings provided by KeyBank to developers of wind farms and solar plants.
- Represented Dominion Energy on contracts with an aggregate value, to date, of approximately $7bn to construct a 2.6-gigawatt Coastal Virginia Offshore Wind (CVOW-C) commercial project.
Milbank
Milbank continues to be a destination firm for high-end banks, financial services providers, and financial sponsors seeking counsel on a range of domestic and international project financings, acting on both early stage and operational assets. Across power and energy developments (including conventional and renewable energy), oil and gas projects, and natural resources the practice is at the forefront of financing matters, acting in some of the highest-value projects using innovative structures. Infrastructure matters also take up a substantial share of the workload for the global project, energy and infrastructure finance department. Data centers remain a strong focus for the team, with transport hubs also frequently seen in its slate of work. Dan Bartfeld ‘stands out as a preeminent figure in the project finance sector’ and acts on a wide range of power, digital infrastructure, transport, and energy-related matters. He co-leads the group with Dan Michalchuk, whose focus is on the energy and power side. Veteran of the energy project finance scene, Bill Bice is also a key figure, and Jeffrey Leider has project and structured finance expertise, with notable activity in conventional power projects. Digital infrastructure is a focus for Jaime Ramirez, and Roland Estevez is a further contact to note for financial institutions, multinationals and developers. Talia Lake departed to Herbert Smith Freehills Kramer LLP in Sydney in March 2024, and Javad Asghari left in April 2024.
Practice head(s):
Dan Bartfeld; Daniel Michalchuk
Other key lawyers:
Bill Bice; Jeffrey Leider; Kyle Smit; Sean O’Neill; Roland Estevez; Jaime Ramirez; Mike Duff; Rhys Howard
Testimonials
‘What sets Milbank apart is its deep understanding of both legal intricacies and the technological landscape of modern infrastructure projects. Potential clients would be impressed by the team’s ability to structure innovative financing solutions that address the specific challenges of data center development and operation. The practice’s key strengths lie in its multidisciplinary approach, combining expertise in project finance, real estate, technology law, and regulatory compliance.’
‘Dan Bartfeld stands out as a preeminent figure in the project finance sector. His work with us on various portfolio company financings exemplifies his expertise and the value he brings to complex transactions. What sets Dan apart is his exceptional ability to navigate intricate financial structures while maintaining a keen understanding of the energy industry’s nuances. His approach combines deep legal acumen with strategic business insight, allowing him to provide solutions that are not only legally sound but also commercially viable. I would also like to call out Jaime Rodriguez, who has been a great partner as well.’
Key clients
Barclays
Santander Mexico
Morgan Stanley
BNY Paribas
MUFG Band Ltd
Royal Bank of Canada
Valia Energia
LS Power
Tiger Infrastructure Partners LP
First-Citizens Bank & Trust Company
Macquarie
InfraRed
Invex Capital
CoBank, ACB
BBVA Mexico
Citibank
JPMorgan Chase Bank
Bank of Nova Scotia
Banco Santander
Sumitomo Mitsui Banking Corporation
Credit Agricole
MUFG Bank, Ltd.
TD Securities
Mizuho Bank, Ltd.
Banco Bilbao Vizcaya Argentaria, S.A.
Work highlights
- Represented Barclays, BBVA Mexico, Santander Mexico, SMBC, NAFIN and Bancomext as lenders and BBVA Mexico as hedge coordinator in the acquisition by the Mexican Government of 12 CCGT power plants.
- Represented MUFG Bank, Ltd. as Administrative Agent and Coordinating Lead Arranger in the refinancing of an existing credit facility supporting an operating natural gas-fired, combined cycle power generation facility with a nominal rating of 819 MW located in Oxford, Connecticut.
- Advised the lenders and the initial purchasers on a $500m secured bond offering and related $440m loan extended to Aeropuertos Dominicanos Siglo XXI, S.A., a subsidiary of Vinci Airports S.A.S., in connection with the operation and expansion of airports in the Dominican Republic.
Morgan, Lewis & Bockius LLP
With a caseload spanning traditional and renewable energy transactional projects, the team at Morgan, Lewis & Bockius LLP is highly proficient at guiding clients through purchase and sale transactions. Practice strengths include complicated tax equity, debt and equity structuring, and energy M&A transactions. Elizabeth Hanigan heads the department from Chicago and is a trusted advisor to developers, and private equity and financial investors involved in renewable energy generation projects. Laura Neumeister Wright is another key practitioner in Chicago and highly skilled at purchase and sale agreements related to renewable energy assets. Amy Maloney, in Boston, stands out for her debt financing work, which incorporates commercial bank, private placement and hybrid bank/bond debt. Based in New York, James Tynion specializes in construction, term and tax equity project financings, as well as greenfield development. Neeraj Arora, in Los Angeles, further strengthens the team with his expertise in utility procurement contracts on both the utility and developer sides.
Practice head(s):
Elizabeth P. Hanigan
Other key lawyers:
Laura Neumeister Wright; Amy Maloney; James Tynion; Neeraj Arora
Key clients
BP
Community Offshore Wind (RWE / National Grid JV)
Nautilus Solar Energy
Ares Management Corp.
Invenergy
Brookfield / Luminace
South Jersey Industries
Potomac Renewable Energy
GE Vernova Inc. / GE-Hitachi Nuclear Energy Americas
Salt River Project Agricultural Improvement and Power District
BP
Community Offshore Wind (RWE / National Grid JV)
Nautilus Solar Energy
Ares Management Corp.
Invenergy
Brookfield / Luminace
South Jersey Industries
Potomac Renewable Energy
GE Vernova Inc. / GE-Hitachi Nuclear Energy Americas
Salt River Project Agricultural Improvement and Power District
Work highlights
Nixon Peabody LLP
Nixon Peabody LLP fields a public finance team that acts in a breadth of PPPs. Public and private sector clients from across a wide spectrum of industries look to the practice for advice on procurement, financing and development. A strong tax offering is a further boon to clients. Co-leader of the group Virginia Wong has significant experience in P3s and infrastructure finance. Bonds, underwriters, financial institutions and banks are all regular clients and transport projects are a frequent feature of her workload. Fellow practice head Roderick Devlin excels in providing counsel to lenders for shortlisted bidders in substantial infrastructure builds. The practice heads are based at the New York office, while in Los Angeles, Rudy Salo is one of the most active advisors on transportation infrastructure from both policy and financing points of view. Dan Deaton is another key contact as bond, disclosure and underwriter’s counsel on transportation matters, and John Hutchinson is often lead tax counsel on P3s. Both Hutchinson and Deaton are at the New York office.
Practice head(s):
Virginia Wong; Roderick Devlin
Other key lawyers:
Rudy Salo; Dan Deaton; John Hutchinson
Work highlights
Norton Rose Fulbright
Comprised of ‘advanced subject matter experts’, Norton Rose Fulbright US LLP is the ‘go-to’ choice for large-scale and precedent-setting project transaction structures in the energy and infrastructure fields. Under the leadership of Keith Martin in Washington, DC, and Ben Koenigsberg in New York, the energy and power team has recently achieved significant milestones. These include advising on a billion-dollar battery storage project and providing counsel on the SunZia project, the largest clean energy infrastructure project in US history. Martin is a leading tax and project finance lawyer with experience in the full spectrum of power, storage and transmission projects. Koenigsberg focuses on power and transmission projects, particularly for government institutions. The team has also maintained its reputation as a leader in global PPP transactions, which has been further strengthened by the team’s recent focus on federal credit assistance programs. The firm’s infrastructure project finance team is jointly chaired by three seasoned infrastructure attorneys: Douglas M. Fried, located in New York, who is a leading figure in the US PPP market; Douglas B. Buchanan KC, also based in New York, is another PPP specialist who focuses on natural resources and power generation; and Los Angeles-based Patrick Harder, who strengthened the team with his arrival from Nossaman LLP in April 2024. Key names in New York include Todd Alexander , who led the SunZia project, and Noam Ayali, who focuses on LNG terminals and renewable assets. In Seattle, Rhodri Evans is well regarded for his deep knowledge of construction and design issues that arise from complex public works projects. Deanne Barrow in San Francisco is a key associate for debt financing and tax credit matters.
Practice head(s):
Keith Martin; Ben Koenigsberg; Douglas M. Fried; Patrick Harder; Douglas B. Buchanan KC
Other key lawyers:
Todd Alexander; Naom Ayali; Rhodri Evans; Deanne Barrow
Testimonials
‘The Norton Rose Fulbright Project Finance practice is impressive. It is anchored by seasoned infrastructure attorney Patrick Harder. Mr. Harder has decades of experience in the project finance and public-private partnership fields. His presence at Norton Rose Fulbright ensures that the firm will remain a leader in project finance for years to come.’
‘The individuals at Norton Rose Fulbright put extraordinary care and attention to detail into all of their work. I believe that is what makes them stand out.’
‘The length and breadth of understanding of the subject matter, including that of market standards and the approach taken by counterparties in the industry in general is extremely helpful in the decision-making process.’
‘The ability to breakdown complex concepts and explain it in simple terms is excellent. Furthermore, the diligence to keep a track of all the outstanding items and the effect of one change to another is remarkable.’
‘NRF is our go-to outside counsel for P3 transactions. Their attorneys are very advanced subject matter experts that are also efficient at billing.’
‘Rhodri Evans is our preferred NRF attorney. He is not only a subject matter expert and efficient biller, but has an in-depth understanding of the business needs of the client.’
Key clients
GridStor
rPlus Energies
Avangrid
Opdenergy
Cordelio Power LP
Leeward Renewables
Origis Energy
First-Citizens Bank & Trust Company
Nomura Securities International, Inc.
Work highlights
- Represented a syndicate of 44 lenders to the US$11 billion debt financing of the SunZia project, which is a 3,100-mile HVDC transmission line and 550-MW wind farm. SunZia is the largest clean energy infrastructure project in US history.
- Represented the New York Power Authority on several transmission line projects, including a new line to bring electricity from western New York to New York City on which NYPA is working alongside Invenergy and energyRe.
- Represented rPlus Energies as borrower in the successful closing of over US$1 billion financing of the construction of a 400 megawatts (MW) solar PV and 400 MW/1,600 megawatt-hours of battery storage project in Emery County, Utah.
Nossaman LLP
The PPP project financing group at Nossaman LLP assists with projects at each stage of development and implementation across the US. Elizabeth Cousins leads the department, which is a popular choice for state agencies looking for extensive financing, procurement and development expertise. Major transport infrastructure projects have been a regular feature of the group’s workload, including airport developments, highways, and bridge constructions. It also has experience in real estate work, such as university campus development, and stadium builds. Corey Boock has three decades of experience acting for private sponsors, contractors, and numerous regional and local transport agencies. Yukiko Kojima advises public agencies in the use of methods such as P3 and design-build, and is well versed in projects based in the US and Canada. Procurement and contracting are the focus of Andrée Blais, and Brandon Davis is another key contact for public agencies. Above named lawyers are all based at the Los Angeles office, while in Washington DC Shant Boyajian and Ann-Therese Schmid are further practitioners to note.
Practice head(s):
Elizabeth Cousins
Other key lawyers:
Corey Boock; Yukiko Kojima; Andrée Blais; Brandon Davis; Shant Boyajian; Ann-Therese Schmid
Work highlights
O'Melveny
O'Melveny boasts a strong project finance department specializing in large-scale transport and social infrastructure projects, and particularly high-end PPP transactions. The practice recently advised JFK Millenium Partners and LaGuardia Partners on the financing of new passenger terminals. Conventional and renewable power generation assets are another core pillar of the practice, structuring energy supply agreements for both public and private industry clients. Jason Schumacher in Dallas and Jeff Hoffner in Los Angeles lead the energy project offering, with Hoffner known for his innovative approaches to financing of renewable energy projects. The infrastructure project team is co-chaired by Elizabeth Dubeck, Eric Richards and Michael Hamilton, all based in Los Angeles. Both Dubeck and Richard specialize in complex transactions involving transportation infrastructure, with DuBeck focusing specifically on the privatization of government-owned assets. Denise Raytis, also based in Los Angeles, excels in infrastructure and tax-exempt financing and is a key contact for universities, museums and iconic commercial properties. New York’s Junaid Chida is recommended for M&A and financing transactions in the renewable energy sector.
Practice head(s):
Jeff Hoffner; Jason Schumacher; Elizabeth Dubeck; Eric Richards; Michael Hamilton
Other key lawyers:
Denise Raytis; Junaid Chida
Key clients
CS Energy
Satoshi Energy
INEOS Nitriles
Clean Energy Fuels Corporation
Texas Instruments
Gerdau Long Steel North America
Cheniere Energy
Soluna Computing
Occidental Petroleum
Pioneer Natural Resources Company
California High Speed Rail Authority
JFK Millennium Partners, LLC
LaGuardia Gateway Partners
Sepulveda Transit Corridor Partners (STCP)
State of Hawaii
Metrolink
Avports LLC
Alameda Corridor Transportation Authority
Puerto Rico Public-Private Partnership Authority
Vantage Airport Group
LAX Community Partners, LLC
Work highlights
- Assisted Clean Energy Fuels Corp., the United States’ largest provider of clean fuel for the transportation market, in establishing a new Senior Secured Term Loan Facility with Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets.
- Advised INEOS, a global petrochemicals manufacturer, on its agreement with Trillium Renewable Chemicals to establish INEOS Nitriles’ Green Lake facility in Port Lavaca, Texas as the world’s first demonstration plant for converting plant-based glycerol into acrylonitrile.
- Advised bitcoin mining company Satoshi Energy on two commercial agreements to co-locate flexible data center loads directly with operating wind farms in the Electric Reliability Council of Texas (ERCOT) market.
- Rpresenting JFK Millennium Partners, LLC (JMP), a consortium consisting of Vantage Airport Group, JetBlue Airways, American Triple I, and RXR Realty, in its development and operation of a new US$4.2 billion passenger terminal at New York’s John F. Kennedy International Airport (JFK).
- Advised the Puerto Rico Public-Private Partnership Authority (P3A), in collaboration with the Puerto Rico Highways and Transportation Authority (PRHTA), with respect to the negotiation and execution a 40-year concession agreement with Spanish infrastructure operator Abertis Infraestructuras, S.A (Abertis) for financing, operation, maintenance and improvement of four toll roads in Puerto Rico.
Orrick, Herrington & Sutcliffe LLP
As a key cog in its elite global offering for infrastructure matters, Orrick, Herrington & Sutcliffe LLP‘s team is well equipped to support clients through early development, construction planning, and equity advisory phases, on to later stages of permanent financing. It has a strong track record across the full range of project types and expertise in design-build contracting, operations and maintenance and interface matters. On the energy side, the firm has a standout offering to developers and has recently acted in projects in a range of energy production methods and on greenfield developments. Tax equity matters are also strength. The infrastructure department is led by Young Lee, a renowned figure in the market who has a stellar client list comprised of sponsors, investors and public authorities. Elite PPP and design-build infrastructure projects are a regular part of Matthew Neuringer‘s practice, while John Donaleski is noted for construction and acquisition financings. Victoria Boyne acts in both infrastructure and energy matters, and Louise Gibbons in San Francisco excels in tax equity, tax credit transfer, and project finance. At the same office, Wolfram Pohl is another name to note in tax equity and direct tax credit transfer financings. At the Washington DC office, Kyle Drefke has particular expertise in advising consumer-owned electric utilities, and Amy Padgett is a valued counsel to significant renewable energy developers.
Practice head(s):
Blake Winburne; Dahl Thompson; Kyle Drefke; Louise Gibbons; Young Lee
Other key lawyers:
Adam Griffin; Paul Zarnowiecki; John Eliason; Kyle Drefke; Wolfram Pohl; Chris Moore; Victoria Boyne; Matthew Neuringer; John Donaleski
Testimonials
‘Without a doubt, Orrick has the U.S.’s preeminent renewable energy and sponsor-side project finance legal practice. Orrick has its finger on the pulse of the renewable energy development and finance markets and routinely creates value for its clients in unexpected ways, whether through new business origination, market analysis, or even technology perspectives.’
‘Orrick is incredibly responsive, delivers immaculate work product, and tailors its counsel to its clients’ businesses and perspectives.’
Key clients
Intersect Power
CleanCapital
Strata Clean Energy
esVolta
MEAG
The Port Authority of New York and New Jersey
New York Metropolitan Transportation Authority
Macquarie
Meridiam Infrastructure North America
IFM Investors
ACS Infrastructure Development
Tikeau Star Infra
Transurban
New York City Health + Hospitals Corporation
abrdn (fka Aberdeen Asset Managers)
VINCI
Halmar International
Shikun & Binui
Kiewit Development Company, Inc.
Edgemoor Infrastructure & Real Estate LLC
Ardian Infrastructure
Adventist Health System/West
Aecon International
New York City Department of Environmental Protection
New York City Department of Citywide Administrative Services
Work highlights
- Advised MEAG on its entry into three long-term credit agreements funding three separate undivided interests in Vogtle Unit 3 and 4, a 2,208 MW nuclear-powered generation facility in Georgia.
- Advised Intersect Power on closing two transactions representing $837m in financing commitments to build and operate three standalone battery energy storage systems in Texas.
- Advised CleanCapital as lender on a corporate loan facility and a development loan facility to Arena Renewables, a community and distributed solar and storage developer.
Paul Hastings LLP
Paul Hastings LLP‘s energy and infrastructure practice has its strengths in financing alternative energy projects and PPPs across the country. The New York-based duo of Gregory Tan and Robert Freedman oversee the practice group. Tan is a renowned figure in the US infrastructure market and has an outstanding track record acting for sponsors, lenders, major financial institutions, funds and corporations, regional development banks, and multilateral institutions. Freedman has more of a focus on the energy side wherein he has expertise spanning finance and development, asset acquisitions and dispositions, and restructuring. David Avila is a further contact to note in New York, supporting across the range of energy project financing.
Practice head(s):
Robert Freedman; Gregory Tan
Other key lawyers:
David Avila
Key clients
Société Générale
AES
Mizuho
MUFG
Natixis
NextEra
PG&E
Santander
SMBC
Spearmint Energy
ARES
Jeffries
Macquarie
KeyBank
LS Power
MUFG Bank, Ltd
SMBC
Societe Generate
Natixis
Citibank
Blackstone / QTS
Iron Mountain
Boldyn
Work highlights
Sidley Austin LLP
Leveraging its leading tax equity and corporate practices, Sidley Austin LLP is proficient in leading all aspects of renewable energy projects. In particular, the team demonstrates significant experience in establishing legal structures to protect the assets and liabilities of banks, investors and sponsors. New York’s Tara Higgins leverages over thirty years of experience in high-value project financing, with her caseload spanning high-yield and bond financings and senior secured lending transactions. Higgins co-leads the department with Houston-based Cliff Vrielink and Kenneth Irvin, who practices in Washington DC. Other key practitioners based in Washington DC include Christopher Hutchison, who focuses on development financing, equity investment and joint ventures in the energy sector, and Noreen Phelan, a key contact for complex tax equity and debt financings. Gregory Lavigne, in New York, focuses on sustainability projects and has advised on various investments related to solar, wind, green hydrogen and battery and storage projects.
Practice head(s):
Tara Higgins; Cliff Vrielink; Kenneth Irvin
Other key lawyers:
Christopher Hutchison; Noreen Phelan; Gregory Lavigne
Key clients
Invenergy
Harrison Street
GIC
Vistra Corporation
NRG Energy, Inc
Simpson Thacher & Bartlett LLP
Simpson Thacher & Bartlett LLP‘s ‘consistently efficient, commercial and thorough’ offering in energy and power project financing spans the firm’s New York, Houston and Washington DC offices, as well as coordinating closely with its London-based lawyers. From traditional power generation, and electricity transmission and utilities, to energy storage, and renewable energy and alternative energy, the practice covers the gamut of project types in the US, and its client base includes major names on both sponsor and lender sides. New York-based Eli Hunt co-leads with Breen Haire in Houston, who excels in advice to private equity investors and public and privately-held parties on negotiated acquisitions and dispositions, controlled auctions, and investments. Further key contacts in Houston are the ‘consistently excellent’ Matthew Einbinder; energy transition expert Erland Modesto; and Amy Beller, whose broad slate includes several renewable energy projects. Javad Asghari joined the firm from Milbank in April 2024 and divides his time between New York and Los Angeles. He is active in matters with cross border elements, particularly the Americas and Australia.
Practice head(s):
Breen Haire; Eli Hunt
Other key lawyers:
Matthew Einbinder; Javad Asghari; Erland Modesto; Amy Beller; Sonia Lopez; Roy Jackson
Testimonials
‘The Simpson Thacher project finance team is consistently efficient, commercial and thorough.’
‘Matthew Einbinder is consistently excellent in terms of his market knowledge, the quality of his work, his efficiency and communication.’
Key clients
Algonquin Power & Utilities Corp.
American Electric Power, Inc.
Avnos
BlackRock
Blackstone
Bridgepoint Group
Capital Power
CBRE Acquisition
Citibank
ContourGlobal
Crédit Agricole
EIG
Energy Capital Partners
Enverus
EQT
EVgo Inc.
First Reserve
Global Infrastructure Partners
Goldman Sachs
Hecate Grid, LLC
IFM Investors
Ingeniería Estrella
Invenergy
ITC Holdings Corp.
JPMorgan Chase Bank
Kohlberg Kravis Roberts & Co.
Korea Electric Power Corporation
LS Power
PPL Corporation
Macquarie Infrastructure and Real Assets
Morgan Stanley
Michigan Electric Transmission Company
MUFG
Mizuho Corporate Bank, Ltd.
NextEra Energy Resources
Raízen
SIBA Energy Corporation
Stonepeak
Sumitomo Mitsui Banking Corporation
Summit Partners Credit Advisors
SunPower Corporation
Terra-Gen LLC
Vanguard Renewables
Vivint Smart Home
Algonquin Power & Utilities Corp.
American Electric Power, Inc.
Avnos
BlackRock
Blackstone
Bridgepoint Group
Capital Power
CBRE Acquisition
Citibank
ContourGlobal
Crédit Agricole
DataBank
DC Blox
DigitalBridge
EIG
Energy Capital Partners
Enverus
EQT
EVgo Inc.
First Reserve
Global Infrastructure Partners
Goldman Sachs
Greenvolt
Hecate Grid, LLC
IFM Investors
Ingeniería Estrella
Invenergy
ITC Holdings Corp.
JPMorgan Chase Bank
Kohlberg Kravis Roberts & Co.
Korea Electric Power Corporation
LS Power
NTT
PPL Corporation
Macquarie Infrastructure and Real Assets
Morgan Stanley
Michigan Electric Transmission Company
MUFG
Mizuho Corporate Bank, Ltd.
NextEra Energy Resources
Raízen
Scala Data Centers
SIBA Energy Corporation
Stonepeak
Sumitomo Mitsui Banking Corporation
Summit Partners Credit Advisors
SummitIG
SunPower Corporation
Terra-Gen LLC
Vantage Data Centers
Vertical Bridge
Work highlights
- Representing JPMorgan in a construction and term loan facility, a tax equity bridge loan facility and related letter of credit facilities totalling approximately $559m for the construction and operation of the 255MW/1,020MWh Scatter Wash battery energy storage system (“BESS”) project.
- Representing the lenders in NextEra Energy’s project financings of several wind farms and operating and newly-built solar and storage projects in multiple states.
- Representing BlackRock and Capital Power in the financing related to their joint purchase of Harquahala Generation Company, LLC, to own, operate, and manage its 1,092 MW Harquahala natural gas-fired generation facility in Maricopa County, Arizona.
Skadden, Arps, Slate, Meagher & Flom LLP
The team at Skadden, Arps, Slate, Meagher & Flom LLP is comprised of an experienced bench of financing, corporate and tax attorneys. The team advises both sponsors and developers on a broad array of project development transactions related to renewable energy and energy transmission assets. Notable practice strengths include acquisitions, joint ventures and various forms of debt and equity financing. A key asset to the team is Lance Brasher, who is well equipped to lead all phases of renewable energy generation projects, on both a national and international scale. Paul S. Kraske spearheads all forms of project documentation, including joint development and ownership agreements, PPAs and sale and purchase agreements. With his caseload spanning the energy and infrastructure sectors, Aryan Moniri stands out for his focus on acquisition and corporate financings. Meanwhile, in Palo Alto, tax specialist Sean Shimamoto excels in the qualifications and monetization of tax credits associated with energy projects. Nike Opadiran further strengthens the team with her expertise in offtake agreements and electric transmission matters. All named practitioners are based in Washington DC, unless otherwise stated.
Other key lawyers:
Lance Brasher; Paul S. Kraske; Aryan Moniri; Sean Shimamoto; Nike Opadiran
Work highlights
Troutman Pepper Locke LLP
Troutman Pepper Locke LLP handles large-scale transactions related to renewable energy projects for both investors and sponsors. The practice is distinguished in the market by its tax equity financing expertise, with an emphasis on sale-leaseback, partnership-flip transactions and lease pass-throughs. Christine Byrnes and John Leonti co-lead the department, operating out of New York and Los Angeles respectively. Byrnes primarily concentrates on tax equity partnerships and lease investment structures. In addition to his strengths in tax equity transactions, Leonti specializes in debt and hedge transactions, utilizing over-the-counter derivatives. In Portland, tax specialist Adam Kobos has established a strong track record in helping clients qualify for various tax incentives. Fellow tax specialist Anne Loomis, based in Richmond, focuses on tax issues affecting rate-regulated public utilities. Craig Kline is a key asset in New York, with his broad practice ranging from construction finance, M&A, securitization and secured lending, among other work. Additionally, Vaughn Henry Morrison in Atlanta brings experience overseeing the entire transaction process for renewable energy projects, including the financing, M&A and asset management processes.
Practice head(s):
Christine Byrnes; John Leonti
Other key lawyers:
Adam Kobos; Anne Loomis; Craig Kline; Vaughn Henry Morrison
Key clients
UBS Securities
Goldman Sachs
Hull Street Energy
Competitive Power Ventures
Huntington National Bank
EDP Renewables
NextEra
Plus Power
Spruce Power
Dominion Energy
Deriva Energy
Sabanci
National Grid Renewables
Serena Energy
M&T Bank
Work highlights
Vinson & Elkins LLP
Vinson & Elkins LLP‘s energy and power-focused project finance offering is a notable player in the oil and gas market, as well as acting on several matters across mineral extraction, renewables, battery storage, and clean energy. Its oil and gas reputation sees it a regular part of major cross-border projects, as well as precedent setting matters in the industry. Clients include leading oil and gas companies and elite private equity companies. The practice has strong presence on the ground in Texas, with the Austin office housing Kaam Sahely, who has deep experience in renewable and sustainable energy assets, power generation, traditional hydrocarbons and infrastructure assets. In Houston, Danielle Patterson has experience advising all energy industry stakeholders, including strategic companies, institutional investors, PE funds and other financial institutions; and Matt Strock has broad corporate law expertise. Opened in November 2024, the firm’s Denver office houses Michael Joyce, whose practice has a renewables focus.
Practice head(s):
Kaam Sahely; Matt Strock; Danielle Patterson; Michael Joyce
Work highlights
White & Case LLP
Lauded as both ‘technical’ and ‘commercial’, White & Case LLP remains a dominant force in energy and infrastructure project financing. PPP project financing is a core pillar of the practice, with recent work highlights including complex hybrid bank/bond lending structures, as well as the acquisition and sale of greenfield and brownfield PPP projects. Described by clients as a ‘world-class lawyer’, Dolly Mirchandani is a PPP expert, with a caseload spanning digital infrastructure, transport, energy, healthcare and social infrastructure. Mirchandani co-chairs the infrastructure departments with Sean Goldstein, who operates in Miami and specializes in project finance and development transactions in Latin America. Other key practitioners whose work spans the United States and Latin America include Armando Rivera Jacobo, based in Washington DC, and Evelyn Balassiano, a PPP specialist who brings particular expertise in secured credit facilities and project bond offerings. Additionally, Claire Watson is a key advisor for transportation, water and social infrastructure projects. Peter Berg, in Houston, joined the team from King & Spalding LLP in June 2024. All listed attorneys are based in New York unless otherwise noted.
Practice head(s):
Dolly Mirchandani; Sean Goldstein
Other key lawyers:
Armando Rivera Jacobo; Evelyn Balassiano; Claire Watson; Peter Berg
Testimonials
‘The W&C practice is very technical but also very commercial. It is incredibly skilled with managing the multiple stakeholders found in infrastructure and PPP project finance.’
‘Dolly Mirchandani is a world-class lawyer. She is exceptional at solving any problem as effectively and efficiently as possible. She is capable of innovating when that is required but also drawing from her vast experience to redeploy solutions that were effective in other contexts/prior situations.’
‘Dolly Mirchandani is one of a kind. One of the smartest infrastructure persons out there with extensive understanding of the market and people.’
Work highlights
Willkie Farr & Gallagher LLP
Willkie Farr & Gallagher LLP provides credit and capital solutions for its diverse client base related to conventional and renewable energy projects. Key areas of expertise include acquisition financing, as well as mezzanine, holding company and back-leverage financing. The department is co-chaired by Eric Pogue in New York and Archie Fallon in Houston. Pogue and Fallon are key advisors for nationwide and international renewable energy transactions. Jorge Kamine, who splits his time between Washington DC, New York and Houston, is well versed in both debt and equity financing of projects. The practice has experienced a significant amount of expansion, with a team of four partners joining from Mayer Brown between September 2023 and January 2024. Other notable hirings include Tony Johnston from Kirkland & Ellis LLP in October 2023, Sarah McLean from A&O Shearman in January 2024, and Holt Foster from Sidley Austin LLP in June 2024.
Practice head(s):
Eric Pogue; Archie Fallon
Other key lawyers:
Jorge Kamine; Tony Johnston; Sarah McLean; Holt Foster
Key clients
Breakthrough Energy Catalyst
Caliche Development Partners
Eureka Resources
Haddington Ventures
Lapis Energy
Macquarie Bank
Mitsui
Neuporter LLC
NGP
Pan Energy Infrastructure Fund
XGS Energy
Work highlights
Winston & Strawn LLP
Winston & Strawn LLP ‘brings tremendous expertise to the area of project finance’ and its sizeable group has complementary expertise in energy project finance and across P3 and infrastructure projects. In energy project financings, the group is well versed in transactions involving both renewable and conventional power assets, and acts in a plethora and significant matters located across the country. In PPP and infrastructure work, the practice is often engaged in mandates that require novel financing structures, and is otherwise a regular fixture of the domestic landscape of significant projects, from transport infrastructure to large-scale buildings. On both sides of the project finance offering, Mike Pikiel in New York is a renowned figure and whether acting for sponsors, developers, investors, lenders, underwriters, or contractors, he is experienced in the range of project financing, particularly P3s. Fellow infrastructure practice head Alan Hoffman is also based in New York and is a recognized figure in sports venue financing. Richard Puttré in Miami is the third of the trio coordinating infrastructure and PPP financing. In Los Angeles the energy offering benefits from the renewable energy finance knowledge of Laurae Rossi, and the growing transactions experience of Hao Huang.
Practice head(s):
Mike Pikiel; Alan Hoffman; Richard Puttré
Other key lawyers:
Laurae Rossi; Hao Huang; Danielle Young; Jason Goldstein; Jason Hellwig; Dan Shapiro; Sabrina Rishmague
Testimonials
‘Winston brings tremendous expertise to the area of project finance. They are focused on representing their client vigorously, but also appreciate the need to “get a deal done” in an efficient and practical manner. They are experts in the area of tax credit financing.’
‘Deeply knowledgeable, practical and a good sense of humor.’
‘Proactive, professional and with very good knowledge of the PPP industry.’
‘Although we work with a core group of individuals, we have found that all members of the firm come across and collaborative and truly interested as a team partner for your business. Every member is attentive and responsive, which helps keep things going and creates real efficiencies.’
‘Mike Pikiel and Dan Shapiro have been on our team since the beginning. It’s this consistency that creates trust and long-term knowledge, which allows them to know our business, and they have a true interest in our success. This also allows more efficiency and an ability to respond quickly. Mike Pikiel is always professional and up front with the information he has and advice he gives.’
‘Very smart, transparent and available to answer any and all questions.’
‘Jason Goldstein is one of the best in the industry.’
Key clients
CIBC Bank USA
Credit Agricole Corporate and Investment Bank (CACIB)
MUFG Bank, Ltd.
Natixis
Norddeutsche Landesbank Girozentrale
Petros PACE Finance, LLC
RBC Capital Markets Corporation
Sumitomo Mitsui Banking Corporation
Abertis Infraestructuras S.A.
Acciona Concessiones S.L.
ACS Infrastructure Development, Inc.
AxInfra US LP (Axium Infrastructure)
Barclays Capital, Inc.
Canadian Imperial Bank of Commerce, New York Branch
Henry Ford Health Energy Partners LLC
I-77 Mobility Partners, LLC
ING Capital, LLC
JPMorgan Chase Bank, N.A.
John Hancock Life Insurance Company (U.S.A.)
Kiewit Development Company
Liwathon B.O.S. LLC
Meridiam Infrastructure
Metropolitan Life Insurance Company
MUFG Union Bank, N.A.
National Bank of Canada
NTE Mobility Partners Segments 3 LLC
Royal Bank of Canada
SH 130 Concession Company, LLC
Sumitomo Mitsui Banking Corporation
Torres del Paine Investment I, LP
Work highlights
- Represented CIBC, New York Branch in a $1bn construction and term loan for the Sun Streams 4 project located in Maricopa, Arizona.
- Represented Credit Agricole Corporate and Investment in a $1bn construction debt financing to rPlus Energies for the Green River Energy Center, a 400 MW solar and 400 MW/1,600 MWh battery storage project.
- Represented the lenders supporting Abertis Infraestructuras in a concession to finance, operate, maintain, and improve toll road infrastructure in Puerto Rico.