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ARTICLE · 24 MAY 2023

Market Intelligence Thought Leadership Award Winner

Project Finance 2023

Milbank
Milbank
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Milbank

Milbank

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The project finance market in the United States ("U.S.") remains mature and highly active, with a large volume of transactions continuing to be executed across a diverse range of industries and asset classes.

United StatesFinance and Banking
John Dewar
John Dewar
Daniel Michalchuck
Daniel Michalchuck
Richard Hillman
Richard Hillman
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1. Overview

1.1 What are the main trends/significant developments in the project finance market in your jurisdiction?

The project finance market in the United States ("U.S.") remains mature and highly active, with a large volume of transactions continuing to be executed across a diverse range of industries and asset classes.

Russia's invasion of Ukraine in 2022, and the unprecedented sanctions that have followed from the Western world, have caused substantial shifts in demand in global energy markets. The continued need to find alternative sources to meet shortfalls in European supply has underlined the importance of investment in midstream and export oil and gas infrastructure in the U.S. In electricity markets, innovation and the growing demand by state governments, investors and energy consumers for a diverse and clean energy mix are driving investment into offshore wind, solar and battery storage. 

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