Milbank advises sponsors, lenders, and investors on a wide range of renewable and alternative power matters, including project development, financings, acquisitions, and joint ventures involving wind, solar, hydro, and energy storage assets. The team regularly represents financial institutions, developers, and infrastructure investors in domestic and cross-border renewable energy transactions. The practice is co-led by Daniel Bartfeld and Daniel Michalchuk in New York, both of whom advise on project financings and M&A involving renewable energy assets. Timothy Wendling in Los Angeles focuses on financings and acquisitions involving wind, solar, and geothermal projects. Also in Los Angeles, Henry Scott advises financing parties on renewable energy transactions, including tax credit financings and energy transition projects. Sean O’Neill in New York advises sponsors and lenders on renewable energy financings and investments, including energy transition and infrastructure projects.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
‘Milbank has a deep bench of top tier subject matter experts that are always available to jump in and help for any legal matter we've ever brought them.’
‘Jeff Leider and Rhys Howard are exceptionally talented and commercially proficient attorneys. Their ability to cut right to the heart of the matter, problem solve, and efficiently draft documents is second to none. Further, they are highly responsive. I view them as transaction partners rather than just attorneys.’
Key clients
- Mizuho Bank, Ltd.
- Equinor
- Tallgrass Energy Partners, LP
- Rev Renewables, LLC
- LS Power
- BNP Paribas
- Apterra
- MetLife
- New York Life
- Crédit Agricole Corporate and Investment Bank
- Natixis
- Royal Bank of Canada
Work highlights
Representing the Lenders in connection with the debt financing of the acquisition by KKR, together with Canada Pension Plan Investment Board (CPPIB) of an additional 45% equity interest in Sempra Infrastructure Partners, resulting in the KKR/CPPIB consortium becoming the majority owner holding a 65% equity stake in Sempra Infrastructure Partners. Sempra will retain a 25% interest and ADIA its existing 10% stake. KKR and CPPIB are acquiring an additional 45% equity interest in Sempra Infrastructure Partners for transaction proceeds of $10 billion, implying an equity value of $22.2 billion and an enterprise value of $31.7 billion.
Represented Equinor in connection with the debt financing of an offshore wind generating facility with a nameplate capacity of approximately 810 MW, consisting of 54 15 MW wind turbines to be constructed in federal waters off the coast of Long Island, New York, and the onshore substation and cable transmission to be constructed in Brooklyn, New York.
Represented the Lenders in connection with the construction financing, back-leverage financing and letter of credit facility with respect to the approximately 550 MWac photovoltaic solar generating facility and 2,200 MWh battery energy storage system in Maricopa County, Arizona.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Timothy Wendling
Daniel Bartfeld
Practice head
Daniel Bartfeld; Dan Michalchuk
Other key lawyers
Timothy Wendling; Henry Scott' Sean O'Neill