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Energy: renewable/alternative power in United States

Latham & Watkins LLP

Led from Los Angeles by Jeffrey Greenberg  and able to draw upon a huge pool of resources from other offices on the East and West Coasts, including New York and San Diego, Latham & Watkins LLP's project development and finance practice has an 'excellent perspective of market trends and commercial norms', acting for sponsors, developers and lenders engaged in renewables matters. Although the firm has expertise across all phases of the development and financing of renewable power projects, it adds particular value on later stage mandates and matters requiring complex financing requirements, involving debt throughout the capital structure. Recent highlights include Greenberg's work for MUFG Bank, as lead arranger, on the $1.1bn financing to facilitate the  project financing of multiple geothermal facilities located in Sonoma County and Lake County, California. New York-based tax partner Eli Kazt is also a pivotal member of the team due to the importance of tax incentives for equity investors deploying capital to help fund solar and wind projects throughout the country. New York-based partner Matthew Henegar is appreciated for his ability to structure deals involving complex inter-creditor arrangements, while at a slightly more junior level, San Diego-based partner Omar Nazif is gaining market recognition for his balanced offering on behalf of developers, sponsors and financial institutions engaged in the development and financing of wind, solar, and geothermal energy projects.

Practice head(s):

Jeffrey Greenberg

Other key lawyers:

Matthew Henegar; Eli Katz; Paul Hunt; Omar Nazif

Testimonials

‘ The team has an excellent perspective of market trends and commercial norms.

Key clients

MUFG Bank, Ltd.

LS Power, LLC

Rancho Seco Solar II LLC

Ørsted A/S

Orion Energy Partners Investment Agent LLC

RE Maplewood Holdings LLC

Borrowed Sunshine, LLC

Vivint Solar Inc

8minute US Solar

Hillcrest Equity Holdings, LLC

DESRI Portfolios Financing, LLC

AEIF V IGS Solar, LLC

Ares Management Corporation

Kayne Anderson Capital Advisors, L.P.

ConnectGen LLC

Energy Capital Partners

Total S.A.

Work highlights

  • Acting for MUFG Bank on the project financing in connection with multiple geothermal facilities located in Sonoma County and Lake County, California.
  • Advised LS Power on the project financing in connection with a portfolio of battery energy storage systems throughout California.  
  • Advised Ørsted on several matters including on the tax equity financing in connection with a 285 MW solar photovoltaic electric generating facility located in Colbert County, Alabama.

Milbank

Leveraging the firm's world-class project finance offering, both domestically and across its international network, and also imbued with a strong understanding of the underlying sector specific nuances associated with work across the renewables firmament, Milbank is regularly involved in the most significant domestic and cross-border projects in the market. Led from New York by Daniel Bartfeld and Jonathan Green, the team is undoubtedly best-known for its creditor-side work for banks across a range of finance products, as well as institutional investors in private placement offerings. As part of his broad project finance offering, Bartfeld has developed  a strong reputation handling Latin America-based mandates, many of which involve multi-source finance structures. Roland Estevez is also a key driver of the firm's South America offering, with notable recent instructions flowing from both lenders and sponsors on financing and refinancing mandates relating to solar and wind projects in Chile. Los Angeles-based partner Timothy Wendling has a strong reputation advising lenders on the financing of utility-scale domestic wind and solar projects and is also well-versed in handling M&A-related work in the space, for both buyers and sellers. Karen Wong recently retired. All named practitioners are based in New York, unless otherwise indicated.

Practice head(s):

Daniel Bartfeld; Jonathan Green

Other key lawyers:

William Bice; Roland Estevez; Jeffrey Leider; Allan Marks; Dan Michalchuk; Jaime Ramirez; Carolina Walther-Meade; Henry Scott; Timothy Wendling; Alexander Borisoff; Richard Hillman

Key clients

AIP Management

Sonnedix

CoBank, ACB

Norddeutsche Landesbank

Canadian Solar Inc.

Mainstream Renewable Power Ltd.

Morgan, Lewis & Bockius LLP

Combining overarching M&A and finance expertise with comprehensive energy sector market knowledge, Morgan, Lewis & Bockius LLP is well positioned to advise a balanced mix of stakeholders on mandates at all stages of projects utilizing wind, solar, biomass, and other alternative energy assets. The team, which is co-headed from Boston and New York by Richard Filosa and John Klauberg, respectively, is perhaps best known for its 'very impressive sponsor-side development credentials', which see it engaged in a tremendous volume of wind and solar projects, from greenfield and brownfield development to the expansion of existing facilities. Los Angeles-based partner Wayne Song is 'very well known in the renewables market' and provides 'commercial and pragmatic' advice to developers and private equity/financial investors across a range of project development, finance and M&A mandates. New York-based partner James Tynion is particularly adept at handling debt and equity financing and M&A-related work pursuant to wind projects. With many years' experience advising both developers and private equity and financial investors, Chicago-based partner Elizabeth Hanigan has an excellent perspective of market trends and of the commercial drivers informing the acquisition and sale of development-stage wind and solar assets, completed projects and portfolios.

Practice head(s):

Richard Filosa; John Klauberg

Other key lawyers:

James Tynion; Wayne Song; Elizabeth Hanigan; Neeraj Arora; Laura Wright

Testimonials

The firm has very impressive sponsor-side development credentials.’

‘Wayne Song is very well-known in the renewables market and provides commercial and pragmatic advice.’

Key clients

esVolta

Korea Electric Power Corporation and LG CNS

Invenergy LLC

Longroad Energy Partners

Southern Power Company

Ameresco Inc.

City National Bank

The AES Corporation

Prudential Private Capital

hep energy USA

Energy Capital Partners

Nautilus Solar Energy

ND. E. Shaw Renewable Investments, L.L.C.

GlidePath

Norton Rose Fulbright

Benefiting from an 'excellent understanding of the market', and able to resource matters from across its office network utilizing lawyers with sector-focused finance, projects, regulatory and corporate expertise, Norton Rose Fulbright excels in handling 'complicated acquisitions involving numerous stakeholders'. Although it has a broad client base, the firm is perhaps best-known for its sponsors/developer-side work and has vast experience advising on acquisitions and disposals relating to interests in domestic wind and solar projects. 'Fantastic' New York-based partner Todd Alexander recently represented TOTAL Strong (a joint venture formed between Hannon Armstrong and Total) in connection with its formation and subsequent purchase from SunPower of the entirety of its equity interests in ten project companies, each of which is developing and constructing a solar project in the US. 'Truly an authority on renewable energy', Washington DC-based partner Keith Martin has gained legendary status in the market as a result of his renewable-related tax structuring advice. In addition to being sought out for his transactional expertise, he is also a persuasive voice on behalf of clients on policy issues in this space. Martin co-heads the firm's overarching projects team alongside New York-based partner Benjamin Koenigsberg, who, in addition to maintaining a very strong lender-focused offering, is also the relationship partner of Danish renewable energy heavyweight, Ørsted as it moves into the US market.

Practice head(s):

Keith Martin; Benjamin Koenigsberg

Other key lawyers:

Todd Alexander; Rob Eberhardt; David Burton; Noam Ayali; Paul Weber; Marissa Leigh Alcala; Ikenna Emehelu; Becky Diffen; Bob Shapiro; Kateri Gamache; Kessar Nashat; Amanda Rosenberg; Jim Berger; Deanne Barrow

Testimonials

It is the number one firm for renewable energy.’

The firm has an excellent understanding of the market.

The firm provides really valuable content on the state of the industry and structuring.

Keith Martin is truly an authority on renewable energy, including tax equity, and general corporate work, as well as compliance. Keith has the best expertise in these areas in the market, extraordinary professionalism (going the extra mile always), and he always gets back to you immediately!’

‘Todd Alexander is fantastic.’ 

Becky Diffen provided great counsel on strategic issues involving structuring a three party partnership agreement and obtaining consents from various stakeholders that was highly valued.’

David Burton provides outstanding tax counsel related to acquisition structuring, tax equity, and other complex tax matters to add value to the transaction.’

Key clients

Copenhagen Infrastructure Partners

Lightsource BP

Orsted Onshore North America

Hannon Armstrong Sustainable Infrastructure

Longroad Energy

Leeward Renewable Energy

BayWa r.e.

Origis Energy

GE Energy Financial Services

Macquarie Capital

Work highlights

  • Represented Kansai Electric Power Co. in the acquisition of a 48.5% interest in the 525MW Aviator Wind project located in Coke County, Texas and negotiation of joint venture agreements to govern the construction and operation of the project.
  • Represented Longroad Energy in the sale of the 227MW Muscle Shoals solar project to Orsted and a simultaneous tax equity commitment by Wells Fargo.
  • Represented TOTAL Strong LLC, a joint venture of Hannon Armstrong and French oil company Total, in connection with its formation and purchase from SunPower of 100% of the equity interests in ten project companies, each of which is developing and constructing a solar project in the US.

Orrick, Herrington & Sutcliffe LLP

Led from San Francisco by Les Sherman and also receiving robust support from the firm's energy and project finance-focused Houston hub, as well as regulatory, environmental and disputes lawyers throughout its national network of offices, Orrick, Herrington & Sutcliffe LLP is well placed to advise a range of stakeholders throughout the life cycle of solar, wind, hydro, geothermal and battery storage projects. The firm has developed deeply entrenched relationships with many developers/sponsors, including the renewable arms of major energy utilities, among which EDF Renewables and E.ON Renewables are the most prominent. Consequently, it picks up a tremendous volume of work as these energy behemoths invest and dispose of a myriad of renewables projects throughout the country, often in the context of large portfolio transactions. Recent highlights included the representation of Acciona Energy in its acquisition of a 3GW utility-scale portfolio of greenfield solar projects and a 1GW battery storage development portfolio from Tenaska. Although his project development and financing expertise in the energy sector covers a mix of renewables assets, Eric Stephens has gained most acclaim for his work within the solar space, particular as it relates to distributed projects, an area that he has been at the forefront since the inception of the technology over a decade ago. Mark Weitzel is particularly noted for his tax equity financing expertise in the solar and wind space. All practitioners named are based in the firm's San Francisco office.

Practice head(s):

Les Sherman

Other key lawyers:

Blake Winburne; Mark Weitzel; Eric Stephens; Brad Gathright; Dahl Thompson; John Donaleski; Kristin Seeger

Key clients

Recurrent Energy

Sempra Renewables

Macquarie Capital (USA), Inc.

Pattern Energy

EDF Renewables, Inc.

Energy Investors Funds / Ares Capital Corporation

RWE/E.On Renewables

Direct Energy

ENGIE North America

Orsted (formerly Lincoln Clean Energy)

sPower

Calpine Corporation

BP Wind Energy North America

Solar Frontier

Eurus Energy

Clearway Energy, Inc.

Intersect Power

ConEdison Development

Broad Reach Power

Algonquin Power

Work highlights

  • Represented ENGIE North America in connection with $1.6bn tax equity financing on a portfolio of seven wind projects located in Texas, Kansas, South Dakota and Oklahoma with a total capacity of approximately 1,507MW and four utility-scale solar projects located in Texas and Virginia with a total capacity of approximately 525MW.
  • Represented Acciona Energy USA Global LLC in the acquisition of a 3GW utility-scale portfolio of greenfield solar projects and a 1GW battery storage development portfolio from Tenaska. The solar portfolio comprises 20 projects spanning seven states.
  • Advised Intersect Power on the portfolio sale of five US solar power plants with a combined capacity of 1.7GW to development partner SB Energy, a subsidiary of SoftBank Group Corporation.

Vinson & Elkins LLP

Combining national M&A, private equity and project finance expertise with a core focus and understanding of the energy sector and the underlying assets involved, Vinson & Elkins LLP is well placed to provide 'commercially-minded' advice to a predominantly investor-focused client base on their renewables transactions. The firm remains the principal adviser to Goldman Sachs on investments made through its renewables fund and has also recently advised the Carlyle Group on the first two investments and financing transactions for its renewable and sustainable energy platform. As a corollary of his broader corporate and M&A practice, the 'proactive and creative' Dallas-based partner Peter Marshall is regularly engaged in private equity-related work in the sector and is a key member of the team, as is Spanish speaking New York-based partner Eamon Nolan, who regularly advises lenders and borrowers on debt and equity financing transactions to fund the acquisition, development, and divestment of renewable assets, both domestically and throughout Latin America. In addition to advising on commercial contracts, including PPAs and joint development agreements, Houston-based partner Danielle Patterson is also regularly engaged in M&A in the sector, adding value by dint of her ability to provide detailed asset-level due diligence. Kaam Sahely and John Connally co-head the firm's overarching energy, infrastructure and projects group from Austin and Houston, respectively. Sahely is particularly instrumental to the firm's success for private equity sponsors investing in renewables and clean energy projects.

Practice head(s):

John Connally; Kaam Sahely

Other key lawyers:

Eamon Nolan; Peter Marshall; Danielle Patterson

Testimonials

‘This team has become a renewables powerhouse. The breadth and depth of expertise makes them formidable and ferocious, and commercially minded.’

‘Peter Marshall is a proactive and and creative lawyer–he doesn’t just think two moves ahead, he IS two moves ahead. He anticipates, executes and eliminates challenges.’

Kaam Sahely is the Hannibal Smith of the A-Team that is Vinson & Elkins, the glue holding the squad together.’

Key clients

Babson Capital

The Carlyle Group – Renewable and Sustainable Energy Fund

Enviva Development Holdings, LLC / Enviva Partners

Global Atlantic Financial Group

Goldman Sachs’ Renewable Power Fund

Macquarie Infrastructure and Real Assets

Morgan Stanley Infrastructure

Pattern Energy Group Holdings LP

Riverstone

Sixth Street Partners

Tyr Energy

Work highlights

  • Advised The Carlyle Group on the acquisition of a portfolio of tax-equity incentivized solar development projects in the state of Maine, through a newly-established affiliate Acadia Renewable Energy, LLC, from the global solar independent power producer BNRG.
  • Advised Goldman Sachs Renewable Power Fund in connection with its acquisition of a 142MW portfolio of tax-equity financed solar power generation assets from a subsidiary of Macquarie Infrastructure Corporation in an initial closing and one or more deferred closings.
  • Advised the Renewable and Sustainable Energy Fund of The Carlyle Group in the formation of a joint venture with Alchemy Renewable Energy (ARE), a renewable energy developer and tax equity arranger, together with the purchase of certain operating and development-stage solar projects from ARE.

Winston & Strawn LLP

Fielding dedicated teams of practitioners from across the firm's multi-disciplinary nationwide energy group, Winston & Strawn LLP 'sets the standard for its knowledge of the subject matter and ability to adapt to any scenario' and is consequently able to provide 'thoughtful and constructive' advice to a myriad stakeholders engaged in domestic renewables matters throughout the project life cycle. Much of the work handled by the firm in this space is led from its California offices, which have over the years developed a strong track record advising on solar and wind farm-related project development matters. As well as regularly advising developers on renewable projects, San Francisco-based energy group chair Joe Karp is also praised for his 'in-depth knowledge of what is "market"' in relation to power purchase agreements (PPAs), enabling him to effectively advise both sellers and end-users in relation to power off-take arrangements. Los Angeles-based partner Laurae Rossi is regularly instructed by commercial/regional bank in debt financing related to the development of single projects, as well as in relation to renewables-related portfolio mandates. Mike Pikiel and Richard Shutran co-chair the energy and infrastructure energy group from the firm's New York office, which is also a significant hub for renewables-related transactional work, particularly on the corporate and finance front. Jonathan Birenbaum  handles a great deal of M&A work in the space, for both private equity funds and strategics, including as it relates to the acquisition and sale of existing and development-stage renewable energy assets. 'Superb' corporate finance partner Tara Greenberg is also based in New York and regularly works alongside Birenbaum for clients seeking to acquire, dispose of or finance assets relating to solar and wind projects, in particular.

Practice head(s):

Joe Karp; Mike Pikiel; Richard Shutran

Other key lawyers:

Laurae Rossi; Jonathan Birenbaum; Tara Greenberg; Tom Solomon

Testimonials

‘The team sets the standard for its knowledge of the subject matter and ability to adapt to any scenario. The way they describe issues to me so I can understand, and always come up with thoughtful and constructive approaches makes them my go-to-firm.’

‘Joe Karp provides expert advice on Power Purchase Agreements. He is a very good negotiator, obtaining great substantive results. We involve him directly in our discussions with potential PPA customers.’

‘Joe Karp has in-depth knowledge of what is “market” for Power Purchase Agreements. He is a smooth negotiator and excellent draftsperson.’

‘Jonathan Birenbaum and Tara Greenberg are the leading lawyers in this field. They understand the issues that matter most to my company and figure out solutions in difficult negotiations.’

Tara Greenberg is superb.

Key clients

Bay Area Rapid Transit (BART)

Brookfield Renewable Power

Cubico Sustainable Investments Limited

Hecate Energy LLC

John Hancock Life Insurance Company (U.S.A.)

MJE-Loop Capital Partners LLC

NextEra Energy Resources, LLC (NEER)

Work highlights

  • Advised MJE-Loop Capital Partners LLC in connection with its purchase from Sustainable Asset Fund and Clean Focus Corporation, and term debt financing, of a portfolio of 17 operating solar PV projects in Florida, Massachusetts, and California.
  • Represented Brookfield Renewable Power in obtaining FERC authorization for the acquisition of KKR’s interest in Spanish renewables company X-Elio. The transaction involved the acquisition of X-Elio’s solar portfolio in the US.
  • Continue to represent clients in the securitization of Property Assessed Clean Energy (PACE) bonds originated in residential PACE programs administered nationwide by Renovate America, Renew Financial Group, PACE Funding Group, and Fortifi Financial (f/k/a Energy Efficient Equity).

Akin Gump Strauss Hauer & Feld LLP

Akin Gump Strauss Hauer & Feld LLP has a core focus on renewables work for a variety of leading domestic and international stakeholders, including sponsors/developers (SunPower Corporation); lenders (Macquarie Bank, Royal Bank of Canada) and investors (D.E.Shaw Renewable Investments). The scope of the work is broad and includes advising on all aspects associated with the development, financing, acquisition and sale of renewables projects, both from a purely domestic as well as international perspective. Although the firm handles its fair share of volume-based instructions, its work at the leading-edge of the industry, in terms of new technologies, transactions and structures has ensured that it has become the go-to-practice for clients on their more bespoke and innovative transactions. Notable recent highlights include advising SunTrust Bank on its tax equity investment in the Holstein solar project (a 200MW solar project located in Texas), which was notable for being the first tax equity transaction on a solar hedge off-take in the market. The team was, however, impacted in March 2021 by the departure of a number of key practitioners including John Marciano to Allen & Overy LLP.

Other key lawyers:

Dan Lynch; John Goodgame

Key clients

SunPower Corporation

ING Bank

AES Distributed Energy

Voya Investment Management

Macquarie Bank

Vitol

Royal Bank of Canada

Distributed Solar Development, a GE Renewable Energy Venture

Tokyo Gas

Excelsior Capital

D.E. Shaw Renewable Investments

Work highlights

  • Assisted SunTrust Bank with its tax equity investment in the Holstein solar project, a 200MW solar project located in Nolan County, Texas—one of the bank’s first tax equity investments and the first tax equity transaction on a solar hedge off-take in the market.
  • Represented an affiliate of Tokyo Gas America LTD as the purchaser under a financially settled virtual power purchase agreement with the project company. The initial 400MW portion of the project is scheduled to reach commercial operation in 2021 with the rest expected in early 2022.
  • Advised Excelsior Energy Capital in pipeline partnership with Unico Solar Investors to build, own and operate a 250MW pipeline of commercial and industrial solar projects located across North America.

Allen & Overy LLP

Led from New York by Kent Rowey and aided by practitioners based out of Washington DC, Allen & Overy LLP's 'versatile and responsive' projects, energy, natural resources and infrastructure group regularly handles renewables work for lenders, sponsors, developers and project companies, much of which has an international complexion. Although the firm has capability throughout the project life cycle, it is undoubtedly most well-suited and visible for investors in the latter stage as they look to realize value by taking out developer equity. Much of this M&A-related work is derived from foreign investors, many of which have broader institutional ties established through other international offices at the firm. While at the moment a substantial amount of this work relates to solar projects, the team is well positioned to leverage the firm's strong broader ties with many of the European developers that are expected to dominate deal flow in the burgeoning US offshore wind market. On the financing front, although the firm handles some work for commercial banks, under the guidance of 'exceptional' Spanish speaking Washington DC-based partner Sami Mir, it is particularly accomplished at representing export credit agencies and development banks in Latin American projects. The arrival of a six-partner team from Akin Gump Strauss Hauer & Feld LLP, including Washington DC-based renewables tax guru  John Marciano, as well as Daniel Sinaiko and Matthew Nesburn, who both reside in the firm's nascent Los Angeles office, is a major coup and has the potential to vastly enhance the firm's visibility in the domestic and international market.

Practice head(s):

Kent Rowey

Other key lawyers:

John Marciano; Daniel Sinaiko; Matthew Nesburn; Andrea Lucan; Greg Lavigne; Sam Kamyans; Sami Mir; Dorina Yessios; Jillian Ashley

Testimonials

The versatile team delivers high-quality work.’

It is a responsive team, available when needed and even able to prepare good power point presentations  – which is something rare for lawyers!

I was extremely impressed by Sami Mir’s ability to be on top of everything: drafting, meeting deadlines on turnaround of financing documents, key structuring issues, sound understanding commercial and financial aspects, all this while managing the transaction and a difficult group of lenders and a tough sponsor.’

‘The exceptional Sami Mir is probably the most well-rounded project finance attorney that I have had the pleasure of working with. He is not only excellent at what lawyers are trained to be good at – legal drafting and negotiation – but he also really understands the financial aspects of the deal, which enables him to negotiate even better for the lenders’ benefit.’

Key clients

ENGIE North America Inc.

Meridiam Infrastructure North America Corporation

Inter-American Investment Corporation (IDB Invest)

Suez North America

Credit Agricole

Eksport Kredit Fonden (EKF)

Societe de Promotion et de Participation pour la Cooperation Economique S.A. (Proparco)

Apollo Global Management

Work highlights

  • Advising CA-CIB, BBVA, Natixis, Proparco and Bancomext as lenders and EKF as guarantor on a portfolio of renewable energy projects developed, financed, constructed, owned, operated and maintained by ENGIE México.
  • Advised IFC, NADB, JICA and DFC on the $555m financing to Sempra Energy’s Mèxico subsidiary, on the construction, completion, ownership and operation of five solar generation plants in Mèxico, with a total capacity of 526MW.
  • Advised certain funds managed by affiliates of Apollo Global Management, Inc. in the structured investment in US Wind Inc., an offshore wind energy development company.

Baker Botts L.L.P.

The 'diligent, reliable and smart' team at Baker Botts L.L.P. advises a balanced mix of stakeholders, including strategic investors, private equity firms, Independent Power Producers (IPPs) and banks, across the spectrum of renewables-related corporate and finance work throughout the project life cycle. New York-based partner Michael Didriksen continues to be involved in some high-profile and cutting-edge mandates in the space, including his recent work for AES Corporation on the ten-year strategic alliance it formed with Google to accelerate the growth and adoption of clean energy (in part by leveraging Google Cloud technology to pioneer innovation in the sector). 'Very bright and capable' San Francisco-based partner Jeff Kayes co-heads the global projects/renewable clean energy practice alongside Didriksen and is noted, in particular, for his 'superb experience in renewables-related finance', including advice to borrowers and lenders on equity and debt financing structures. New York-based senior associate Leslie Hodge provides 'a commercial and can-do-approach' for strategic investors, private equity firms and developers on project development and acquisition financing transactions within the renewables sector.

Practice head(s):

Michael Didriksen; Jeff Kayes

Other key lawyers:

Adam Griffin; Carmen Wehmeier; Tim Coxon; John Papaspanos; Leslie Hodge

Testimonials

This is the team that you’d want on your deals. They take ownership of the process, follow up, advocate and do not drop the ball.’

They are diligent, reliable, smart, flexible and have a great attitude.’

‘Jeff Kayes is very bright and capable; he has superb experience in renewables-related finance.’

‘Leslie Hodge has a commercial and co-do approach and has a bright future for work in the renewables space.’

Key clients

AES Corporation

Centaurus Renewable Energy LLC

D.E. Shaw Renewable Investments, LLC

Global Atlantic Financial Company

Hannon Armstrong

Hull Street Energy

Parasol Renewable Energy LLC

Sunnova Energy International, Inc.

Transmission Developers, Inc.

Work highlights

  • Represented The AES Corporation in connection with the structuring of a strategic alliance with Google to accelerate the growth and adoption of clean energy.
  • Represented Sunnova as borrower in a back-leverage warehouse facility to finance portfolios of residential solar assets that are held in tax equity funds.
  • Represented Hannon Armstrong as mezzanine lender and equity investor in a novel transaction structure for financing residential solar portfolios involving senior debt, tax equity investment, mezzanine debt and equity investment.

DLA Piper LLP (US)

Praised for its ‘accessible and responsive service‘, as well as its ‘flexible and aggressive billing strategy‘, DLA Piper LLP (US)‘s ‘knowledgeable and experienced‘ projects team continues to gain market share among sponsors, lenders and equity investors, which are appreciative of its ability to strike ‘the right balance of caution and common sense’. The firm’s aptitude at handling global projects, aided by a vast international network of offices, is also a significant selling point, and this was recently enhanced by the arrival in March 2020 of Dino Barajas from Akin Gump Strauss Hauer & Feld LLP, who is skilled at handling Latin America-related energy/infrastructure projects work. Combining both construction and ‘commercially-minded and solutions-oriented‘ industry sector knowledge,exceptional‘ Chicago-based of counsel Sameer Ghaznavi is also a key member of the team, particularly in light of the increasing tendency to implement build-own-transfer contracts in the renewables space. Washington DC-based partner Vanessa Wilson co-heads the projects, energy and infrastructure team alongside Barajas and is appreciated for her ‘depth of experience and patient disposition‘, in relation to renewable energy project finance matters.

Practice head(s):

Dino Barajas; Vanessa Wilson

Other key lawyers:

Evelyn Kim; Sameer Ghaznavi; Jennifer Layfield

Testimonials

‘The firm has a deep bench, and in particular has expertise in construction contracts and build-own-transfer structures.’

The team incorporates a flexible and aggressive billing strategy.’

‘The lawyers are accessible and responsive.’

‘The firm’s energy team includes attorneys with a variety of experiences, including those who began their careers at DLA, lateral entries, and, most importantly, attorneys with real in-house experience. DLA’s partners include people who have worked in renewables since its infancy and grown with the industry.’

‘The team provides commercially-minded and solution-oriented execution.’

‘They approach our matters with the right balance of caution and common sense – a combination that is critical in our industry. Additionally, this team is always looking for ways to show initiative, without overstepping their authority. Those characteristics make it easier for my internal attorneys to work with this team, which in turn makes us all more efficient and effective.’

‘DLA is one of the few firms with a full-service renewable energy practice, covering the full variety of transaction structures and construction contracts. There are very few firms that understand the renewable development business and can cover a build-transfer project from start to finish.’

‘Sameer Ghaznavi’s unique combination of thoughtfulness and kindness is what makes him particularly appealing to me. In a world where I am constantly bombarded with the ego of older white male partners in the external counsel world, working with Sameer is a breath of fresh air. I’ve highly recommended him to other in-house attorneys looking for someone who can assist their M&A deals with compassion and brilliance.’

‘Sameer is kind, compassionate, and always puts the deal first. He understands that his job is not just about getting documents drafted and deals done but about making me look good to my executive board and that’s HUGE.’

‘Sameer Ghaznavi is one of the few lawyers who has both construction and transaction experience in the energy space. This is particularly important as the demand for build-own-transfer structures continues to increase.’

‘I very much appreciate Sameer Ghaznavi’s rational, even-headed approach to negotiations and deep experience in energy deals and construction contracts.’

‘Sameer Ghaznavi is an exceptional resource for energy companies. He leverages his prior in-house experience at two energy companies to deliver sensible, real world advice.’

Key clients

Canadian Solar Inc.

Mitsubishi Corporation

Diamond Generating Corporation

Invenergy

Hecate

Capital Dynamics, Inc.

FirstSolar, Inc.

SER Capital

Cloverland Electric Cooperative

Work highlights

  • Assisting Mitsubishi Corporation, Japan’s largest trading company, with corporate matters relating to a 495 MW natural gas fired power project located in Mexico (Tuxpan V).
  • Advised solar photovoltaic manufacturer Canadian Solar on the sale of its 68 MW Aguascalientes solar project in Mexico to BlackRock Infrastructure Fund II.
  • Represented SER Capital Partners, a sustainable investment-focused private equity firm, in its acquisition of three project companies from HGP, a Texas-based energy developer.

Gibson, Dunn & Crutcher LLP

Led from New York by Peter Hanlon and Nicholas Politan and drawing upon the expertise of industry-focused M&A, financing, projects, tax and regulatory lawyers spread across the firm's network of offices, Gibson, Dunn & Crutcher LLP is well positioned to advise developers, project sponsors, funds and lenders on the acquisition, development and financing of a range of renewables projects. Both Hanlon and Politan continue to regularly advise cornerstone client BHE Renewables, Berkshire Hathaway's renewables arm, which remains voracious in its appetite for acquisitions and tax equity investments in the wind and solar space. Other domestic work includes advising on the buy- and sell-side of utility-scale projects, as well as helping clients in the sector to raise finance via debt and equity issuances on the capital markets. The firm's international network of offices also ensures that it is well placed to pick up instructions from foreign investors entering the US market, as well as assisting on projects which necessitate a multi-jurisdictional approach.

Practice head(s):

Peter Hanlon; Nicholas Politan

Other key lawyers:

Gerald Farano; Emad Khalil; Robert Nelson

Key clients

Berkshire Hathaway Energy Company and its utility subsidiaries, including NV Energy Company, Nevada Power Company, Sierra Pacific Power Company, MidAmerican Energy Company and PacifiCorp.

BHE Renewables LLC, including BHE Wind LLC and BHE Solar LLC

WGL Holdings

GE Capital

Sojitz Corporation of America

Goldman Sachs & Co.

Avista

Terna Energy

Carlyle Power Partners (CPP)

Saguaro Power

Northern Natural Gas Company and Kern River Gas Transmission Company (collectively referred to as “BHE Pipeline Group”)

Investment Banks including Morgan Stanley, Guggenheim Partners, Evercore, Deutsche Bank, J.P. Morgan, Wells Fargo Securities Barclays Capital, MUFG Securities Americas

AIP Management P/S

Algonquin Power and Utilities Corp.

Softbank Energy

Government of Barbados (for new National Energy Policy and matters relating to Barbados Light & Power)

I Squared Capital

Gilead Sciences

KIRKBI Invest

Orion Energy

Intel (fuel cell and solar)

Tesla

Emera Electric

South Jersey Industries

NRG Energy, Inc.

Clearway Energy, Inc.

South Carolina Department of Administration

UBS O’Connor Capital Solutions

SolarEdge

Bloom Energy

STEM

Exelon Corporation

The Related Companies

Hunton Andrews Kurth LLP

Led from Washington DC by the ‘responsive and commercialJeffrey Schroeder, Hunton Andrews Kurth LLP‘s energy and infrastructure team is particularly adept at advising banks investing and lending into domestic solar and wind projects. Tax equity financing structures account for a significant volume of this work, which shows no signs of abating, particularly in light of the recent federal extension of the tax credit system. San Francisco-based partner Michael Klaus is a key member of the team and has advised investors on the tax equity financing to facilitate utility-scale, distributed generation and residential-related solar projects throughout the country.

Practice head(s):

Jeffrey Schroeder

Other key lawyers:

Laura Ellen Jones; David Lowman; Hilary Lefko; Michael Klaus; Geoffrey Lorenz

Testimonials

‘Jeffrey Schroeder is pleasant, responsive, detailed and commercial.’

‘Geoffrey Lorenz is hardworking and thoughtful.’

Key clients

Duke Energy Corporation

DTE Energy

Work highlights

  • Represented Duke  Energy acquiring 37 MWs of fuel cell projects from Bloom Energy, with off-take arrangements with commercial and industrial customers.

K&L Gates

Benefiting from an 'in-depth knowledge of the renewables space', from transactional, operational and regulatory perspectives, K&L Gates provides a well-rounded service to developers, sponsors, lenders, tax equity investors, utilities, and governmental and regulatory bodies across all aspects of the development, financing, acquisition, and operation of renewable energy projects. The team is particularly adept at guiding clients through the early stages of project development, including helping to secure the relevant permits and rights necessary to proceed and to ultimately achieve financing. Other areas of strength include negotiating both physical and virtual PPAs for developers and corporates, as well as providing thought leadership to clients and industry participants through the firm's well received handbooks on emerging trends in the sector relating to energy storage and offshore wind. David Hattery is well versed at structuring renewables-related EPC contracts and co-heads the team alongside tax partner Elizabeth Crouse, who has niche experience advising on storage and secondary market acquisitions of renewables facilities by taxable and tax-exempt organizations.

Practice head(s):

Elizabeth Crouse; David Hattery

Other key lawyers:

Teresa Hill; William Holmes; David Benson; Edmundo de la Fuento; Buck Endemann; Kimberly Frank; Brad Lewis; Lana Le Hir

Testimonials

‘Their in-depth knowledge of the renewables space and their ability to understand our objectives and their passion to achieve our strategic goal together is very impressive.’

‘ Edmundo de la Fuento is very knowledgeable, responsive and practical.’

Key clients

TransAlta Corporation

Safari Energy

Tokyo Gas America Ltd.

Unico Solar Investors

Middle River Power

Madison Energy Investments

Kitsap Bank

Jupiter Power, LLC

Work highlights

  • Advised Tokyo Gas America Ltd. on its acquisition of the Aktina Solar Project in Wharton County, Texas.
  • Advised energy systems developer, Unico Solar Investors, on a long-term joint-venture partnership with Excelsior Energy Capital, a leading independent North American renewable energy investor, to build, own, and operate a 250 MW pipeline of commercial and industrial solar projects across North America.

King & Spalding LLP

King & Spalding LLP's multi-disciplinary team is best known for its representation of financial sponsors and infrastructure funds in their clean energy investments. Leveraging strong ties with investors including DE Shaw Renewables and Capital Dynamics, New York-based M&A partner Jonathan Melmed handles a considerable amount of this investor-side work and since his arrival in 2018 from Morrison & Foerster LLP has significantly enhanced the firm's credentials within the mid-market fund space, in particular. Melmed is regularly aided on the finance front by Brandon Dalling, who is well versed across a range of debt and equity structures, as well as hedging arrangements. The firm's oil and gas-focused Houston office is also playing a more visible role in the space in light of the increasing crossover between conventional fossil fuels-related matters and renewables.

Practice head(s):

Jonathan Melmed

Other key lawyers:

Brandon Dalling; Edouard Markson; David Runnels; Scott Greer; Stuart Zisman; Zori Ferkin; Tristan Pelham Webb

Key clients

Axium Infrastructure

Brookfield Infrastructure Group

D.E. Shaw Renewable Investments

Atlas Holdings

InstarAGF Asset Management

Starwood Energy Group

The Carlyle Group

UBS Infrastructure

Capital Dynamics

Global Clean Energy, Inc.

8minute Energy

Work highlights

  • Represented Global Clean Energy Holdings, a leading developer of biofuels, in its acquisition, development and project financing of a renewable oil seed-sourced biodiesel and jet fuel refinery in Bakersfield, CA.
  • Represented Capital Dynamics in its $900m acquisition on a leveraged buyout basis of an approximately 300MW portfolio of operating solar power plants located in California, Delaware and Arizona from LS Power.
  • Represented Trafigura Group in its $900m long term, Renewable Hydrocarbons Purchase and Sale Agreement with Gevo, a renewable chemicals and advanced biofuels company.

McDermott Will & Emery LLP

Leveraging the firm's overarching project finance and regulatory strengths, McDermott Will & Emery LLP is increasingly active in the market and now has the critical mass and breadth of expertise to be able to resource a significant range and volume of work for investors, developers, public utilities and lenders on the development and financing of wind, solar and battery storage projects. The group was recently bolstered by a spate of notable hires, including that of Washington DC-based partner Christopher Gladbach from Orrick, Herrington & Sutcliffe LLP in March 2020. Los Angeles-based partner Edward Zaelke was himself somewhat of a catalyst to the firm's increased market visibility, and since his arrival in March 2019 from Akin Gump Strauss Hauer & Feld LLP has spearheaded many of the most significant debt and tax equity renewable financing transactions on both the creditor and debtor side, including a considerable volume of private equity-related M&A and financing work. Washington DC-based partner Carl Fleming  is also recommended and as well as as providing 'highly commercial and pragmatic' advice to stakeholders on M&A and financing transactions, is also well placed to advise on shifting market trends and government policy decisions in the sector by virtue of his previous role as a White House advisor. Miami-based partner Philip Tingle co-heads the firm's energy and project finance practice alongside Zaelke and is noted for his solar and wind-related tax structuring expertise.

Practice head(s):

Edward Zaelke; Philip Tingle

Other key lawyers:

Carl Fleming; Lloyd MacNeil; Christopher Gladbach; Joel Hugenberger; Debra Harrison; Robert Lamkin

Testimonials

Carl Fleming provides highly commercial and pragmatic advice.’

Key clients

US Wind Inc.

Scout Clean Energy LLC/Quinbrook Infrastructure Partners

S-Power

Northern Indiana Public Service Company LLC (NIPSCO)

CIT Bank

Franklin Park Advisors

innogy renewables (now RWE Renewables)

Boston Energy Trading and Marketing LLC

Agera Energy

GenOn Holdings, LLC

Work highlights

  • Represented S-Power in connection with the development of and the negotiation of a construction and tax equity bridge loan, back levered financing and tax equity financing for a 220 MW wind project in South Dakota.
  • Advised Scout Clean Energy and its parent company, Quinbrook Infrastructure Partners, in connection with construction and tax equity bridge loan financing and a tax equity commitment relating to the 146 MW Bitter Ridge Wind Farm in Jay County, Indiana.
  • Represented the tax equity investor in a first of its kind program to finance numerous distributed energy solar facilities in Washington DC.

O'Melveny & Myers LLP

Led from New York by Junaid Chida and also aided by a sizeable cohort of lawyers on the West Coast, O'Melveny & Myers LLP's multi-disciplinary nine-partner energy team provides a 'very strong service' to stakeholders on their strategic investments, acquisitions, dispositions, and joint ventures across a range of renewables projects, including solar, wind, hydroelectric and biomass. The firm is, however, best known for its project financing credentials and is regularly instructed by key banks in the sector, including Citicorp and Wells Fargo, on debt financings or in their capacity as equity investors. Recent highlights include Chida's work for Goldman Sachs on a preferred equity investment in, and project financing of, a 75MW portfolio of solar installations in various states being developed by Duke Energy Renewables. New York-based tax partner Arthur Hazlitt regularly provides valuable input on financing mandates, including on the aforementioned deal, and is noted for his tax equity financing prowess.

Practice head(s):

Junaid Chida

Other key lawyers:

Jeff Hoffner; Arthur Hazlitt; Maria von Schack; Alexander Roberts

Testimonials

‘The firm provides a very strong service.’

Key clients

Berkshire Hathaway Energy

Bloom Energy Corporation

Citicorp

Goldman Sachs & Company

First State Investments

John Laing Group Plc

Kemper Corporation

Morgan Stanley

OCI Solar

Wells Fargo Bank

Work highlights

  • Represented Goldman, Sachs & Co. in a preferred equity investment in, and project financing of a 75MW portfolio of solar installations in various states being developed by Duke Energy Renewables.
  • Represented Citicorp North America in the project financing for the construction of the Mountain Breeze wind project, a 189MW energy facility in Colorado.
  • Represented Siemens AG on the construction debt financing for the High Prairie Wind Farm Project, a 400MW wind power facility in Missouri.

Pillsbury Winthrop Shaw Pittman, LLP

Led from New York and San Francisco by Mona Dajani and Robert James, respectively, and also aided by a sizeable international footprint, Pillsbury Winthrop Shaw Pittman, LLP has a strong reputation acting on behalf of sponsors, utilities and commercial and development banks, on the development, financing, and M&A work associated with domestic and international renewable power projects throughout the value chain. In addition to handling more conventional renewables work, including as it relates to wind and solar projects, the firm is also at the forefront of new developments within the renewables space and has, for example, handled a number of major battery storage projects. Most notably on this front, in a deal which was led from the firm's Los Angeles office by tax partner Jorge Medina and aided by Dajani, the firm represented Plus Power in the tax structuring, development, and financing of the Kapolei Energy Storage project, which when completed is expected to be one of the largest battery storage projects in the world.

Practice head(s):

Mona Dajani; Robert James

Other key lawyers:

Thomas Gump; Alicia McKnight; Jorge Medina; Shellka Arora-Cox; Irina Tsveklova

Key clients

1st Avenue Capital, LLC

AECOM Capital

BNP Paribas

Brookfield Renewable Energy Partner

Chevron

Clark Realty Capital

CMS Enterprises Company

Deutsche Bank

Emirates Nuclear Energy Corporation (ENEC)

Genentech, Inc

Holtec International

JP Morgan Chase

Marubeni Corporation

Mitsubishi Hitachi Power Systems Americas Inc.

MVP Capital

NextEra Energy Resources Inc

Osaka Gas

Recurrent Energy, LLC

Sunrun

Tenaska, Inc.

Tesla

Work highlights

  • Represented CMS Energy in the acquisition of a majority stake in the Aviator Wind project, the largest single-phase and one-site onshore wind development in the US.
  • Advising Plus Power as finance and tax counsel on the bidding, contract negotiation, tax structuring, development, and financing of the 185-megawatt/565-megawatt-hour Kapolei Energy Storage project, one of the largest battery storage projects in the world.
  • Represented Mitsubishi Hitachi Power Systems (i) in an agreement with Key Capture Energy and Powin to build three utility-scale battery storage systems totalling 200MW in Texas and (ii) project development and financing of the construction of a solar/battery project at The State University of New York at Fredonia.

Sheppard, Mullin, Richter & Hampton LLP

Co-headed from Chicago and San Diego by Katherine Gillespie and Tony Toranto, respectively, Sheppard, Mullin, Richter & Hampton LLP's energy, infrastructure and project finance team provides a comprehensive service, including advice on financing provisions, project acquisitions and divestitures and PPAs, to developers, investors and lenders. Although she does handle some M&A throughout the project development and operation process, Gillespie is best known for her financing expertise, and is conversant with a range of techniques (including project-level debt transactions, back-leverage financings, and lease financing) to help facilitate the funding of renewable projects, including wind power generation facilities. Gillespie, and indeed the team as a whole, have perhaps gained most recognition for their ability to structure deals utilizing the tax benefits available in the market. This was recently underscored by its representation of Wells Fargo Bank, as tax equity investor, in two wind production tax credit (PTC) transactions, which uniquely achieved a binding commitment between a regulated utility and a tax equity provider. Chicago-based tax partner Amit Kalra is regularly involved in tax equity financing mandates, including on the aforementioned Wells Fargo matter.

Practice head(s):

Katherine Gillespie; Tony Toranto

Other key lawyers:

Amit Kalra; Andrew Ratts; Laurette Petersen; Paul Kaufman; Christine Hourcade-Hoefliger; Elliot Hinds; Matthew Bonovich; Katarzyna Levecke; Benjamin Huffman

Key clients

174 Power Global

Akuo Energy USA Inc.

ALLETE, Inc.

Avangrid, Inc.

Brookfield Power U.S. Asset Management LLC

Capital Power Corporation

CarVal Investors, LLC

CIT Bank, N.A.

Clearway Renewables LLC

ConnectGen Operating LLC

Consolidated Edison Development, Inc.

Crestwood Biofuels Investors, LLC

EDF Renewable Energy, Inc.

ENGIE North America Inc.

Eni S.p.A.

Exelsior Energy Capital LP

Falvez Energy

Fifth Third Bank

First Reserve Energy Infrastructure Fund

Fortistar Services, LLC

Gexa Energy, L.P.

Goldwind USA, Inc.

Greenbacker Renewable Energy Corporation

Hecate Energy LLC

Homestead Capital USA LLC

Invenergy LLC

Longroad Energy Holdings, LLC

Mitsubishi UFJ Lease & Finance Co., Ltd.

Montopolis Storage, L.P.

Nestle USA, Inc.

New Resource Solutions

Nexamp, Inc.

NextEra Energy Resources, LLC

RWE Renewables Americas, LLC

sPower, LLC

Sure Power LLC

Telamon Energy Solutions

TerraForm Power LLC

U.S. Bancorp Community Development Corporation

United States Solar Corporation

Waste Management, Inc.

Wells Fargo, N.A.

X-Elio Energy, SL

ZCF Wind Wall, LLC

Work highlights

  • Represented the developer in a build transfer agreement to develop, build and sell a 166MW wind project in Michigan to an investor-owned electric utility. This transaction was notable in that it is one of the first components of the utility’s clean energy plan, which has a target of having 90% of its energy come from clean energy sources by 2040, reducing emissions by 90% and eliminating the use of coal.
  • Represented the developer in connection with the construction and term debt and tax equity financing of its 485MW solar project in development in Virginia. This transaction was notable for its large size, multiple phases of construction and commercial operation, multiple power offtake agreements, and multiple lenders and interest rate hedge providers at closing.
  • Represented the tax equity investor in connection with what are perhaps the only wind production tax credit transactions to have achieved a binding commitment between a regulated utility and a tax equity provider. The transaction structure took two years to develop and could ultimately represent a significant shift in the renewable energy finance and sale market in the US.

Simpson Thacher & Bartlett LLP

Benefiting from numerous core energy and infrastructure-focused transactional lawyers based out of the firm's New York headquarters, and also able to resource matters utilizing practitioners with more generalist M&A and finance credentials, Simpson Thacher & Bartlett LLP is particularly well suited to advise private equity firms and infrastructure funds on their renewables investment strategies. The 'very knowledgeable' David Lieberman heads the team and, as well as handling M&A work for both strategics and financial sponsors, is also regularly involved in the capital markets and bank loan financing aspects of transactions in the sector. Lieberman is praised by clients for is ability to 'expertly manage the needs and questions' of deals often involving a diverse group of lenders.

Practice head(s):

David Lieberman

Other key lawyers:

Brian Chisling

Testimonials

The very knowledgeable David Lieberman expertly manages the needs and questions of an often diverse group of lenders.’

Key clients

American Electric Power, Inc.

BlackRock Energy and Power Infrastructure Group

Blackstone

Citibank

Credit Agricole

Goldman Sachs

Global Infrastructure Partners

ITC Holdings

KeyBank National Association

Kohlberg Kravis Roberts & Co.

Morgan Stanley

MUFG

NextEra Energy

PPL Corporation

The Royal Bank of Canada

Stonepeak Infrastructure Partners

Sumitomo Mitsui Banking Corporation

Terra-Gen LLC

Vivint Solar

Skadden, Arps, Slate, Meagher & Flom LLP

Benefiting from a core group of energy-focused transactional and regulatory lawyers dispersed throughout the firm's national network of offices, and also able to leverage the expertise of lawyers from within its market leading M&A and finance practices, Skadden, Arps, Slate, Meagher & Flom LLP is regularly engaged in big-ticket renewables-related mandates for a diverse roster of stakeholders, including strategic and tax equity investors, developers, financial sponsors, lenders and utilities. Financing work accounts for a significant deal flow and the firm is regularly instructed by both borrowers and lenders implementing a range of debt and equity techniques, including private placement funding, to facilitate the development of wind and solar projects throughout the country. Washington DC-based partner Lance Brasher leads the firm's global energy and infrastructure group and has significant project finance and M&A expertise in domestic and international renewables projects, including many involving Latin American jurisdictions.

Practice head(s):

Lance Brasher

Other key lawyers:

Paul Kraske; Ethan Schultz

Work highlights

  • Advised Bank of America as lender in a local currency revolving credit facility provided to Fourth Partner Energy, one of India’s largest distributed solar companies.
  • Advised Barclays in connection with its tax equity investment in a 300 MW utility scale solar project in Texas developed by SB Energy Corp, an affiliate of Softbank.
  • Advised Mayflower Wind in connection with the development of an 800 MW wind farm of Nantucket, Martha’s Vineyard.

White & Case LLP

White & Case LLP's multi-disciplinary team—which draws upon the expertise of M&A, projects, financing and tax lawyers throughout the country—is well positioned to advise sponsors, developers, investors, operators and financiers, on the development, financing, acquisition and disposal of renewables-related energy assets, in the context of single-asset deals, as well as major portfolio transactions. Leveraging the firm's vast international network, the team is also appreciated for its ability to handle significant global projects, while also regularly advising major international energy developers and investors on their inbound US-related work. Marius Griskonis is well versed across a range of corporate and finance-related renewables transactions and has taken the lead on much of this foreign investment, including recently advising a consortium of Korean investors acquiring a major cash equity interest in a portfolio of four domestic wind projects located in Texas, Illinois and Nebraska. Hagai Zaifman provided valuable input on the tax structuring side of the aforementioned deal and has quickly established himself as an integral member of the team since his arrival in June 2019 from General Electric Capital. Nandan Nelivigi heads up the firm's energy, infrastructure and project finance team. All named practitioners are based in New York.

Practice head(s):

Nandan Nelivigi

Other key lawyers:

Marius Griskonis; Hagai Zaifman

Key clients

Abu Dhabi Future Energy Company PJSC – Masdar

Akuo Energy

Avangrid Renewables, LLC

Banco Santander

Calpine Corporation

EIG Global Energy Partners

Invenergy

Antin Infrastructure Partners

Nautilus Energy Partners and Samay I S.A.

Korea Hydro & Nuclear Power

Work highlights

  • Advising a consortium of Korean investors, consisting of Korea Hydro & Nuclear Power, Alpha Asset Management, Sprott Korea Investment, Hana Financial Investment and Korea Investment & Securities, in connection with an ongoing acquisition of a 49.9% cash equity interest in a portfolio of four US-based wind projects.
  • Representing Abu Dhabi Future Energy Company PJSC – Masdar, in its acquisition of a 50% cash equity stake in a clean energy portfolio with total capacity of approximately 1.6GW from EDF Renewables, Inc.
  • Represented Akuo Energy, as sponsor, on the acquisition of an equity interest in the 336MW Escalade wind farm in Texas.

Baker McKenzie LLP

Led from New York and Chicago by James O’BrienJosé Morán and Clyde Rankin and also able to tap into the expertise of projects and energy lawyers spread throughout the firm’s international network, Baker McKenzie LLP regularly advises clients on domestic and international renewables and clean technology-related work. Although it represents a diverse range of stakeholders, developer work remains the fulcrum of the practice, with EDF Renewables accounting for a considerable deal flow in this regard. Another major strength of the team is its advice for end users, including numerous high-profile corporates, on the structuring of their PPA offtake arrangements, work which continues to grow as more and more companies seek to utilize this contractual arrangement in order to minimize their carbon footprint and to meet their sustainability targets.

Practice head(s):

Clyde Rankin; José Morán; James O’Brien

Other key lawyers:

Luis Gomar; Stanislav Sirot; Matthew Martin; Carlos Suarez

Key clients

Brookfield Asset Management

Ergon Peru S.A.C.

EDF Renewables

Estée Lauder Companies, Inc.

Japan Bank for International Cooperation

Marc Jones Construction, L.L.C. d/b/a Sunpro Solar

Parque Eolico Kiyu SA

Siemens Financial Services

Siemens Energy, Inc.

Sonnedix

Total Eren SA

Vestas Mediterranean A/S and Vestas WTG Mexico, S.A. de C.V. (Vestas)

Hannon Armstrong Sustainable Capital Infrastructure, Inc.

DIF Capital Partners

J-Power USA Development Co., Ltd.

Naturgy Energy Group, S.A. (f/k/a Gas Natural SDG, S.A.)

Repsol Energy Ventures, S.A.

Best Buy, Inc.

Work highlights

  • Advised EDF Renewables, Inc. on the execution of five purchase and sale agreements for the sale of 50% of the membership interests in eight wind and solar energy companies that own the renewable energy projects under development by EDF in several states in the US.
  • Represented Hannon Armstrong in structuring and closing a $550m partnership transaction with a US subsidiary of ENGIE S.A., where the newly created partnership will own a 2.3GW portfolio of wind and utility-scale solar assets.
  • Represented J-POWER USA in connection with the initial investment, joint development agreement and development loan for a 350MW solar project to be located in Wharton County, Texas.

Ballard Spahr LLP

Benefiting from many years of transactional experience in the market as well as complementary strengths in regulatory and environmental law, Ballard Spahr LLP remains a favorite among developers, investors and lenders requiring advice on their domestic renewable energy projects. Drawing upon deep industry ties (including his current role at the Solar Energy Industry Association), Los Angeles-based partner Dirk Michels has an excellent reputation in corporate and finance transactions, particularly as they relate to domestic distributed solar energy matters. Dual qualified in the US and Germany, Michels has also developed a strong reputation for advising on solar, wind, and energy storage projects involving collaboration between North American and German companies. In addition to representing clients in the development, financing, and acquisition of solar and wind renewable generating facilities, Philadelphia-based energy team head Patrick Gillard is also well versed at advising large industrial and corporate energy retail customers on renewable-related commercial contracts, including on the drafting of PPAs, competitive generation supply agreements, and renewable energy credit trading arrangements.

Practice head(s):

Patrick Gillard

Other key lawyers:

Dirk Michels; Raymond Faricy; Bruce Johnson; Katie Leesman; Matt Vantusko

Key clients

BayWa r.e. USA, LLC

Work highlights

  • Advised BayWa r.e. USA LLC on its acquisition of Enable Energy and all solar and energy storage projects owned and under development by Enable Energy.

Bracewell LLP

While it remains best known for its oil and gas expertise, Bracewell LLP continues to develop a strong offering in the renewables space, acting on behalf of alternative energy-focused developers and investors, as well as conventional utilities and core fossil fuels clients, which are increasingly visible in the sector. Houston-based partner Alan Rafte exemplifies the firm's flexible and varied energy offering. In addition to continuing to service its loyal roster of clients on their traditional midstream and upstream matters, Rafte is increasingly active for petroleum companies as they deploy more capital into the renewables sector. For example, he recently acted as US counsel to Equinor on its $1.1bn sale to BP of a 50% interest in the Empire Wind project and the Beacon Wind project off the US East Coast; as part of this transaction Equinor and BP agreed to form a partnership to develop other offshore wind projects in the US. As well as advising on core debt and equity financing facilities, the firm also has a sweet spot representing clients in commodity and hedging transactions, an aspect of the practice that was further enhanced by the arrival in March 2020 of New York-based partner Danielle Garbien from Sidley Austin LLP. Houston-based partner Ryan Holcomb heads the firm's power practice and deploys wide-ranging corporate and finance expertise on behalf of stakeholders engaged in conventional and renewables-related energy matters.

Practice head(s):

Ryan Holcomb

Other key lawyers:

Thomas Tomlinson; Hans Dyke; Danielle Garbien; Martha Kammoun; Alan Rafte; Fernando Rodriguez Marin; Nicolai Sarad; Danielle Varnell

Key clients

Equinor

Entergy Corporation

Rockland Capital, LLC

Competitive Power Ventures

Sol Systems LLC

Upper Bay Infrastructure Partners and its affiliates

Work highlights

  • Acted as US counsel to Equinor on its $1.1bn agreement to sell to BP a 50% interest in the Empire Wind project and the Beacon Wind project off the US East Coast.
  • Representing Sol Systems on its initiative with Microsoft to develop over 500MW of solar projects in under-resourced communities in the US and to create a first-of-its-kind community investment fund.
  • Representing Invenergy in connection with the disposition of its remaining 20% equity interest in each of the 156MW Trent Mesa Wind project and the 170MW Desert Sky Wind project to its joint venture partner, CSW Energy, Inc., a subsidiary of American Electric Power.

Dentons

Dentons has developed a particular niche advising government bodies and their electric and gas utility entities across a range of energy-related regulatory, compliance, transactional and litigation matters. Praised for his 'sound judgement and professionalism', Washington DC-based energy head Clint Vince takes the lead on much of this work. Of recent note, he is advising New York Power Authority on the regulatory issues associated with its joint venture with Ortsed and Eversource to develop and own over 800MW of offshore wind generating capacity. The firm is also heavily engaged in thought leadership in the space, and recently launched its Smart Cities Think Tank, aimed at developing equitable solutions for sustainable and prosperous cities and communities.

Practice head(s):

Clint Vince; David McGimpsey; John Rhine

Other key lawyers:

Emma Hand; Karl Zobrist; Peter Thieman; Carl Steen; Adriana Vélez-León; Grace Dickson

Testimonials

Clint Vince displays sound judgement and professionalism.’

Key clients

City Council of the City of New Orleans

Tri-State Generation & Transmission Association

New York Power Authority (NYPA)

Tenaska

Anterix

Midcontinent Independent System Operator, Inc. (MISO)

Colorado Springs Utilities

MacQuarie Energy LLC

CPS Energy

Evergy Missouri West

Work highlights

  • Providing regulatory advice to NYPA in its role as part of the winning Orsted and Eversource joint venture team that will develop and own over 800MW of offshore wind generation capacity.
  • Federal energy regulatory, litigation and strategic counsel for Tri-State Generation and Transmission, Inc. on all aspects of its transition to becoming a regulated public utility subject to the jurisdiction of the FERC.
  • Providing strategic advice to Anterix, in connection with its efforts to play a key role in the modernization of communications infrastructure in the nation’s various critical infrastructure sectors, and particularly in the utility sector.

Eversheds Sutherland

Led from Atlanta by Dorothy Black Franzoni and aided by experts with strong transactional, operational and regulatory credentials throughout the country,  Eversheds Sutherland provides a comprehensive service across the development, financing, acquisition and disposal of renewable assets, financiers as well as investors and developers. Franzoni has successfully nurtured and strengthened the team's relationship with Con Edison, one of the country's largest investor-owned renewables companies, and represents it across a tremendous flow of its repeat work relating to the acquisition and disposal of renewable assets (including solar and wind) at various stages of development. The firm's enhanced international presence, following its international merger in 2017, has also seen the US office increasingly well positioned to advise on international inbound work, as well as for US entities looking to acquire assets or develop projects globally. In addition, it has been effectively able to learn and draw from the firm's European offshore wind expertise, enabling it to provide a compelling offering to international developers seeking to enter the nascent US offshore wind market. Other recommended partners include Atlanta-based Ram Sunkara, who is noted for his work on behalf of corporate off-takers, and New York-based partner Madeleine Tan, who has vast experience across a range of debt, equity and structured financing structures to facilitate renewables projects.

Practice head(s):

Dorothy Black Franzoni

Other key lawyers:

Ram Sunkara; Thomas Warren; Madeleine Tan; Amish Shah; Joshua Belcher; Kyle Wamstad; Jackson Allen

Key clients

Consolidated Edison Clean Energy Businesses, Inc.

Kaua’i Island Utility Cooperative

Macquarie Capital’s Green Investment Group/Core Solar

Consolidated Edison Company of New York, Inc. (CECONY)

Consolidated Edison Transmission, Inc. (CET)

Con Edison Development, Inc.

Minnkota Power Cooperative

Work highlights

  • Advising Consolidated Edison Clean Energy Businesses, Inc. on acquisitions and dispositions of renewable energy projects in varying stages of development; construction and procurement contracting for Con Edison’s renewable energy facilities; procurement of battery storage systems; and related federal tax incentive and import tariff matters.
  • Advised a joint venture of Macquarie Capital’s Green Investment Group and Core Solar LLC on the negotiation of a PPA for the sale of approximately 109MW of solar-generated electricity to a subsidiary of Occidental Petroleum Inc.
  • Represented Minnkota Power Cooperative in the project development, tax structuring, tax equity and debt financing of Project Tundra, which when completed will be the largest carbon capture and sequestration project in the world.

Foley & Lardner LLP

Combining both regulatory and transactional expertise throughout its extensive network of national offices, Foley & Lardner LLP handles a significant range and volume of work in the sector, including as it relates to the acquisition and financing of single assets and renewable portfolios. The firm remains best known, however, for its advice relating to tax-based financing arrangements, and this accounts for a substantial volume of solar and wind-related mandates. Washington DC-based energy group co-head John Eliason is one of the firm's main contacts for tax-related renewables matters.

Hogan Lovells US LLP

Combining deep sector strength with a formidable multi-disciplinary offering  covering financing, M&A, regulatory and disputes, the 'responsive and professional' team at Hogan Lovells US LLP is well placed to advise clients on work throughout the renewables life cycle, from project development and finance, through to buy- and sell-side project M&A. An electrical engineer by trade and benefiting from prior in-house experience in the electric utility industry, Baltimore-based team head Brian Chappell is uniquely positioned to advise clients in the renewables space and is recommended for providing 'considered and commercial' advice from a purely legal as well as business perspective. Although the firm handles a substantial amount of work for established developers and utilities in the sector, it is also regularly instructed by start-ups seeking to grow their businesses in the renewables sector through venture capital equity financing. Other recommended practitioners include 'responsive' Washington DC-based partner John Lilyestrom, who provides an 'excellent work product', particularly as it relates to regulatory challenges facing stakeholders in the industry, and Miami-based partner Jorge Diaz-Silveria, who regularly advises on financing and M&A pursuant to Latin America-based renewables projects.

Practice head(s):

Brian Chappell

Other key lawyers:

Jorge Diaz-Silveria; John Lilyestrom; Hilary Tompkins; Darcy Bisset; Gary Stapleton

Testimonials

‘The team is very responsive and professional.’

They have relevant experience, are effective in face-to-face negotiations, come across as credible and know how to close a deal.’

The team members are well-versed in the energy field and related engineering and construction practices. This allows them to recognize what is really important when negotiating contracts. Their real-world knowledge also enables them to make persuasive arguments with counterparties.’

Brian Chappell provides considered and commercial advice.’

‘The responsive John Lilyestrom always met the deadline, including in cases involving very short turnaround times. He provides an excellent work product.’

Key clients

Gulf Pacific Power

esVolta

Candela Renewables

Telos Clean Energy dba Telyon

Constellation Energy Commodities Group

Enel Green Power North America

Savion

UGI Energy Services

Canadian Solar

Work highlights

  • Assisting EsVolta, LP with its Series B equity raise with Macquarie as the principal investor.
  • Assisting Savion with the negotiation of numerous PPAs for the sale of solar energy and related products from an aggregate of 590MW solar energy projects.
  • Assisted Enel in successful negotiations and litigation before FERC over the terms of service for interconnecting a large wind generation facility in Nebraska to the transmission system operated by the Southwest Power Pool.

Kirkland & Ellis LLP

Praised for its 'first-hand knowledge of market trends' and 'first-rate technical skills', Kirkland & Ellis LLP is able to 'secure favorable transactional terms' for its private equity-focused client base on their investments in the renewable/alternative energy sector. Indeed, the firm has been the welcome beneficiary of the increased appetite, driven in part by ESG considerations, of core institutional fund clients, including KKR and Blackstone, to deploy capital in renewable projects. In addition to advising sponsors on acquisitions and divestitures in the sector, including on many large utility-scale wind and solar projects, the firm is also increasingly active for the credit arms of private equity firms, including GSO Capital Partners, as alternative lenders in the space. Washington DC-based team head Rohit Chaudhry excels at structuring complex single-asset and portfolio debt financing arrangements on both the debtor and creditor side, including work for a number of non-bank lenders.

Practice head(s):

Rohit Chaudhry

Other key lawyers:

Roald Nashi; Brian Greene; Kelann Stirling; Scott Cockerham; Olivia George; Osaro Aifuwa

Testimonials

‘The firm is a market leader, with first-hand knowledge of market trends and practice, together with first-rate technical legal skills, to advocate for clients and secure favorable transaction terms.’

Key clients

AES Capital AG

Apollo Global Management

Ares Management

Blackstone

Brookfield Asset Management

Credit Suisse

Cypress Creek Renewables

EIG

Energy Capital Partners

EQT

Fidelis Infrastructure

Goldman Sachs

GSO Capital Partners

I Squared Capital

ING Capital

Investec

KKR

Macquarie

MUFG

Nomura Corporate Funding Americas, LLC

Sumitomo Mitsui Banking Corporation

True Green Capital Management

Warburg Pincus

Mayer Brown

Leveraging the expertise of corporate, projects, real estate and environmental lawyers with considerable industry level knowledge, Mayer Brown 'combines excellent legal analysis and commerciality' for investors, sponsors and developers across a range of transactions in the renewables sector. The firm is, however, best known for its work on the financing side, in the context of M&A and project-related mandates. At the core of this is its ability to structure matters utilizing sophisticated tax arrangements, including tax equity financing work for many leading investors engaged in both solar and wind projects. Jeffrey Davis and Robert Goldberg jointly head the team from Washington DC and Houston, respectively. Chicago-based partner Nadav Klugman is also recommended.

Practice head(s):

Robert Goldberg; Jeffrey Davis

Other key lawyers:

Paul Astolfi; Nadav Klugman; Stephen Yeh; Isaac Maron

Testimonials

‘The firm combines excellent legal analysis and commerciality.’

Key clients

Fengate Asset Management

John Hancock Life Insurance Co.

Leeward Renewable Energy

Longroad Energy Partners and PKA AIP

Wells Fargo

GE Energy Financial Services and Berkshire Hathaway

Global Atlantic Financial Group

ING Capital

Arroyo Energy

McGuireWoods LLP

Co-headed from Richmond and Houston by Breenen Keene and Durham McCormick, respectively, McGuireWoods LLP's multi-disciplinary practice advises a varied array of stakeholders, including banks and developers, on the development, financing and acquisition of renewable-related assets. In addition, the firm also benefits from close ties with numerous energy utilities, including Dominion Energy, with which it continues to advise on its solar-related activity throughout the country. Richmond-based M&A partner Michael Woodard leads on much of this work for Dominion and is a key member of the team that also includes Timothy Callahan in Chicago, who is adept at handling both M&A and project financing work in the sector.

Practice head(s):

Brennen Keene; Durham McCormick

Other key lawyers:

Timothy Callahan; Michael Woodard

Key clients

KeyBank National Association

Caprock Renewables

Centrica Plc

Dominion Energy Inc.

Work highlights

  • Represented Centrica Plc, a British multinational energy and services company, in closing a tax equity investment in a portfolio of 31 rooftop solar installations planned for Walmart Inc. stores across the US.
  • Assisted Dominion Energy in working with 16 Virginia school districts to deploy 50 electric school buses this year to replace old diesel buses in their fleets, preventing almost 3m pounds of carbon emissions per year.

Shearman & Sterling LLP

Led from New York by Gregory Tan and also able to tap into the expertise of practitioners spread throughout the firm's global network, Shearman & Sterling LLP's 13-partner project development and finance team is regularly engaged in high-profile transactional work throughout the life cycle of renewable energy projects. Although the firm also regularly handles corporate and M&A-related work for private equity investors, in particular, it derives a sizeable proportion of its workflow for lenders, including commercial banks providing debt facilities and institutional investors involved in private placements. Alexandro Padrés handles a significant amount of Latin America-related single project and portfolio renewables financing work for both sponsors and lenders (including both commercial and development banks). Robert Freedman is also recommended.

Practice head(s):

Gregory Tan

Other key lawyers:

Robert Freedman; Cynthia Kassis; Alexandro Padrés; Denise Grant; Augusto Ruiloba; Robert O’Leary

Key clients

Den Norse Bank

MUFG Bank & Citigroup

Barclays Bank

Engie Latin America

MUFG Bank, Ltd.

Scotia Capital

BNP Paribas

South Jersey Industries

Troutman Pepper

Steeped in the electric power business since the firm's inception, Troutman Pepper has followed the needs of its clients, including developers, finance providers, utilities, investors and IPPs, as they have increasingly focused on renewable sources of energy to generate electricity. Consequently, the firm, which deploys a multi-disciplinary approach (and draws from the expertise of lawyers on the East and West coast with project finance, environmental, real estate, tax and regulatory capabilities) has developed a strong understanding of work in the space and is well placed, by virtue of its underlying sector knowledge and substantive legal expertise, to effectively advise clients throughout the life cycle of a project. As well as regularly advising on solar and wind projects, the firm has also been at the vanguard of projects implementing battery storage, as well as hydrogen technology, in part due to its representation of numerous funds and utilities, including NextEra, that have been first movers in the space. 'Very knowledgeable' Los Angeles-based partner John Leonti is particularly well versed in advising clients on a range of financing structures, including tax equity and hedging products. New York-based partner Craig Kline co-heads the team alongside Leonti.

Practice head(s):

John Leonti; Craig Kline

Other key lawyers:

Hayden Baker; Adam Kobos; Christine Byrnes; Vaughn Morrison

Testimonials

‘The team displays very good knowledge on energy hedges.’

‘John Leonti displays great knowledge and leadership.’

Key clients

Duke Energy Renewables

Southern Power Company

Wells Fargo

Broad Reach Power

NextEra Energy Resources

Fifth Third Bank

Competitive Power Ventures

Geronimo Energy (National Grid)

The Huntington National Bank

Spruce Finance

EDF Renewable Energy

Consolidated Edison Development, Inc.

Dominion Energy

BNRG Renewables

Generate Capital, Inc.

Leandlease Energy Development LLC

M&T Bank

I Squared Capital

Work highlights

  • Advised Duke Energy Renewables on the purchase and project financing (debt and tax equity) of the 200MW Holstein solar project from 8minute Solar Energy.
  • Represented Geronimo Energy on its first wind tax equity financing for the 194MW Green River Wind Farm.
  • Represent CEI and CED in the Pacific Gas and Electric Co bankruptcy and serve as one of the lead firms representing the interests of renewable energy suppliers to PG&E.

Clifford Chance

While Clifford Chance does handle some M&A work in the sector, its primary focus remains on the project finance front for a fairly balanced mix of commercial banks, development banks and export credit agencies.  Washington DC-based team head Lori Bean is the firm's OPIC (now DFC) and US-Exim Bank relationship partner, and has consequently handled major project financing mandates throughout the globe, including numerous wind farm projects in Latin America and East Africa. Native Spanish speaking New York-based partner Hugo Triaca is a 'star capital markets lawyer in Latin America' for both issuers and underwriters; he has been involved in many renewable energy-related financings in the region, including as it relates to green bonds.

Practice head(s):

Lori Bean

Other key lawyers:

Catherine McCarthy; Fabricio Longhin; Chris Willott; Hugo Triaca; Thais Garcia; Alberto Haito; Jessica Springsteen; Luis Clouet; Rob Richardson; Peter Hughes; Patricio Abal

Testimonials

‘Hugo Triaca is a star capital markets lawyer in Latin America.’

Key clients

DFC

US Ex-Im Bank

US Department of Energy

IDB Invest

IFC

KfW – the German Development Bank

EKF – Denmark’s Export Credit Agency

CAF – Development Bank of Latin America

Proparco – the French development bank

Allianz

Solarpack

Paracel

Reden Development Chile

Grenergy

Genneia

AES Corporation

Greenberg Traurig LLP

Strengthened by a spate of recent hires, including Los Angeles-based energy-focused corporate partner April Kim, who joined in November 2019 from Morgan, Lewis & Bockius LLPGreenberg Traurig LLP's multi-disciplinary energy team is increasingly well positioned to resource a growing volume and range of development, finance and corporate work for developers, investors, operators and utilities. Los Angeles-based energy project finance team head Jeffrey Chester is regularly involved in renewables-related financing and development matters. He recently handled a raft of wind project sales for developer client Apex Clean Energy.

Practice head(s):

William Garner; Kenneth Minesinger; Jeffrey Chester

Other key lawyers:

Iskender Catto; Robert Downing; Nathan Limpert; Andrew Scher; April Kim; Alejandra Garcia Earley

Key clients

8minute Solar Energy

Sumitomo Corporation of America

Apex Clean Energy, LLC

BayWa r.e. Wind

Idemitsu Renewables (fka Solar Frontier)

New Jersey Resources

Oil & Gas Climate Initiative Fund (OGCI)

Summit Agricultural Group

Work highlights

  • Lead counsel for BayWa r.e. as developer, sponsor, and seller in all aspects of the construction, financing, and sale of the 250MW Amadeus Wind Project.
  • Advised the developer, Apex Clean Energy, on the sale of the 525MW Aviator Wind Project (the largest single-phase wind project within the Texas electrical grid) to Ares Management Corporation’s Infrastructure fund.
  • Assisted Oil & Gas Climate Initiative Fund with investment in the world’s first carbon-neutral ammonia plant to be located in Indiana and in the formation the UK’s largest carbon sequestration project, the Teesside Clean Gas Project.

Husch Blackwell LLP

Led from Kansas City by John Crossley, Husch Blackwell LLP‘s cross-disciplinary renewable energy group, which resources matters utilizing sector-specific experts from across the firm’s corporate, regulatory, finance, real estate environmental and tax groups, provides ‘practical and pragmatic advice‘ to developers, tax credit investors and lenders engaged in solar, wind and battery storage projects. Although the firm is active in deals throughout the country, it has gained particular praise from clients in relation to Texas-based matters which require knowledge of the state’s unique regulatory requirements. In this regard, Maria Faconti, who has in-house experience at the Public Utility Commission of Texas, ‘has hands-on experience with the myriad regulatory requirements needed to finance a Texas renewable energy project and to keep it in compliance with the ever changing regulatory landscape in the state’. 

Practice head(s):

John Crossley

Other key lawyers:

Jim Goettsch; Maria Faconti; Kaitlyn DeYoung; Chris Reeder

Testimonials

My company retained the firm to serve as our local counsel for the tax equity financing of several Texas wind and solar projects. The reason we initially hired them and continued to hire them for another four financings was because of the strength of their Texas regulatory practice.

The firm is really a rarity in how well-suited they are to serve as local counsel, in that they have specialists that know the Texas market so well.’

Our primary go-to lawyer at the firm is Maria Faconti. Having worked at the Texas PUC, Maria has hands-on experience with the myriad PUC and ERCOT requirements needed to finance a Texas renewable energy project and to keep it in compliance with the ever-changing regulatory landscape in the state.’

And, long after the financings have closed, Maria is proactive in advising us of changes to the regulatory requirements that our operating renewable projects must comply with and new developments that will have an impact on future Texas financings. She is truly an expert and is never wrong!’

Chris Reeder is an exceptionally strong commercial lawyer that we often work with on broader commercial issues.’

Key clients

Algonquin Power & Utilities Corp.

Ares Management Corporation

Lincolnway Energy

Southwest Iowa Renewable Energy LLC

Diode Ventures, LLC

Black & Veatch

Leeward Renewable Energy

Swift Current Energy

GridLiance LLC

General Electric Energy Financial Services

Work highlights

  • Advised Ares Management Corporation on the financing and sale of the Aviator facility which is the largest single-phase, single-site wind project in the US.
  • Represented Algonquin Power & Utilities Corp., the project owner in the financing of the Sugar Creek wind (202MW) energy project in Illinois, including a construction loan and an expected tax equity investment totaling approximately $440m.
  • Represented a consortium of construction lenders in 999MW Traverse Wind Energy Center project.

Morrison & Foerster LLP

Morrison & Foerster LLP regularly advises venture capital firms and private equity sponsors on renewable energy investments, as part of the firm's overarching focus on sustainability and impact investing. San Francisco-based corporate partner Susan Mac Cormac chairs the energy and social enterprise and impact investing practices. She also leads on much of the most significant transactional work in the renewables sector (particularly in relation to later-stage venture capital financing). Moreover, Mac Cormac provides advice to company board members on corporate governance and fiduciary duties as applied to sustainability and climate change.

Practice head(s):

Susan Mac Cormac

Other key lawyers:

Elizabeth Sluder; Julia Balas

Key clients

Vision Ridge Partners, LLC

Generate Capital

U.S. Department of Energy

Huck Capital

European Climate Foundation/Tempest Advisors LLC

Pivotal Investment Corporation II

Virgo Investment Group

Work highlights

  • Representing Generate Capital in its recently announced $870m fundraise to continue to scale its renewable, sustainable infrastructure fleet.
  • Represented Huck Capital in its partnership with Schneider Electric, to form a new company that will deliver energy-as-a-service to commercial and industrial buildings.
  • Advising Pivotal Investment Corporation II, a publicly traded special purpose acquisition company, on its merger with XL Fleet, a leader in vehicle electrification solutions for commercial and municipal fleets.

Nossaman LLP

Nossaman LLP's sweet spot lies in its ability to help energy clients navigate the environmental and wildlife permitting issues associated with solar, wind, hydro and battery storage projects throughout the country. In addition tp providing advice in the context of transactions, for example, to investors on environmental and land use due diligence issues, the 'extremely responsive' team also regularly advises wind and solar developers on standalone environmental compliance matters, as well as in the context of any litigation which may ensue (including as it relates to the Endangered Species Act and the National Environmental Policy Act). Leveraging his wide-ranging environmental law expertise, Seattle-based team head Svend Brandt-Erichsen  is frequently engaged in contentious and non-contentious renewable energy-related matters, including the representation of clients participating in rule development.

Practice head(s):

Svend Brandt-Erichsen

Other key lawyers:

Reed Neuman; Paul Weiland; Rebecca Barho; Brooke Wahlberg; Edward Roggenkamp; Brian Ferrasci-O’Malley

Testimonials

The attorneys at Nossaman are extremely responsive. They always meet challenging deadlines with great work product.’

Key clients

GE Energy Financial Services

Renewable Energy Systems Americas, Inc.

Avangrid Renewables, LLC

Engie North America

Energy and Wildlife Action Coalition (EWAC)

EDP Renewables, Inc.

Ares Energy Investors

Lower Colorado River Authority

CPS Energy

Pattern Energy Group LLC

Electron Hydro LLC

Southern California Edison (SCE)

County of Siskiyou

Mubadala Investment Company

Work highlights

  • Continuing to conduct federal wildlife due diligence reviews of potential wind energy investments (new projects and repowering) for GE Energy Financial Services throughout the US. Recent work has included conducting the review of several wind energy facilities in Texas, Oklahoma, Nebraska, Illinois, California, New Mexico, and New York.
  • Assisted Engie with obtaining $1.6bn in tax equity financing for a portfolio of 11 renewable projects across several states. Work included environmental, state, and local regulatory compliance advice and the preparation of permitting opinions in support of five of the projects (three wind, two solar).
  • Advising Pattern Energy Group and related entities on environmental and federal lands issues related to two of its existing wind energy projects – Ocotillo in Southern California and Spring Valley in Nevada – and the development of new projects.

Reed Smith LLP

The 'knowledgeable, responsive and dedicated' team at Reed Smith LLP is able to advise myriad stakeholders engaged in the development, financing, acquisition and disposal of renewable and clean-tech projects, from both a purely domestic, as well as international perspective. In addition to conventional M&A, financing and operational work throughout the project life cycle, the firm also excels at advising on transactional issues relating to the trading and marketing of all major power-related commodities and products across the spectrum of renewable technologies. Princeton-based partner Henry King has a longstanding track record advising buyers and sellers of renewables-generated power plants, and is also well versed at drafting power-related commercial agreements, including physical and virtual PPAs. Stan Perry and Nicolle Bagnell co-head the firm's overarching energy and natural resources group from Houston and Pittsburgh, respectively.

Practice head(s):

Stan Perry; Nicolle Bagnell

Other key lawyers:

Edward Rogan; Henry King; Donald Ousterhout; Craig Enochs; Brendan McNallen

Testimonials

‘The team is knowledgeable, responsive, and dedicated.’

‘Edward Rogan is smart, efficient, and a good advocate. He is an extremely hard worker.’

‘Donald Ousterhout is a knowledgeable and well-rounded lawyer, a trusted advisor.’

‘Brendan McNallen is an excellent communicator and an extremely effective negotiator. He always delivers on his promises.’

Thompson & Knight LLP

Strengthened by a number of targeted strategic personnel hires in recent years, Texas-based Thompson & Knight LLP is increasingly visible in the market, with the ability to leverage the firm's core existing ties with oil and gas companies and investors that are pivoting towards the renewables space. George Humphrey's arrival in July 2019 from Orrick, Herrington & Sutcliffe LLP was the most recent of these hires. Humphrey enhances the firm's capabilities, particularly for developers and private equity sponsors, in light of his strong finance, project development and M&A credentials with regard to wind and solar projects throughout the US and Latin America. Austin-based partners Phillip Oldham and Katie Coleman  are both very well versed in state and federal regulations underpinning work in the sector. The duo regularly advise clients on discrete strategic counseling and compliance, as well as on due diligence relating to transactional matters.

Practice head(s):

Ted Benn; Katie Coleman; George Humphrey; Phillip Oldham

Other key lawyers:

Louis Jenull

Work highlights

  • Assisted tax equity investors in closing the Texas portion of a $1.6bn investment in 2,000MW of wind and solar assets.
  • Advised a New Orleans-based investment firm in structuring an investment vehicle and obtaining initial funding to secure interconnection rights for seven solar generation projects.
  • Advised a publicly traded steel producer on a PPA with developers for approximately 80MW behind-the-meter solar facility at a steel manufacturing site in Texas, which will offset the emissions of more than 13,000 average households, create more than 200 construction jobs, and generate $19m in tax revenue over the next 30 years.