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From LNG liquefaction and regasification facilities, and hydroelectric projects, to power transmission lines, natural gas storage facilities, petrochemical plants, and solar generation facilities, our Project & Infrastructure Finance team has represented clients in the development and financing of projects located in the United States and throughout the world.
We have extensive experience advising sponsors, developers, tax equity investors, and lenders (including commercial banks, development finance institutions, and export credit agencies) in the structuring and negotiation of complex project financing transactions.
Our team combines this experience with an appreciation of project-specific issues to achieve creative and innovative solutions for our clients. Our Project Finance lawyers regularly work with our deep bench of experienced Energy Regulatory, Environment, Tax, and Real Estate lawyers in structuring, developing, and financing infrastructure projects. Our extensive experience with a wide range of projects, together with our industry knowledge, allows us to offer strategic advice to our clients in creatively structuring projects and resolving issues that arise during the development, construction, and financing stages of a project.
Global Infrastructure Partners in the acquisition of a 50% interest in the multi-billion dollar South Fork and Revolution Offshore Wind Projects from Eversource Energy, including the negotiation of the joint venture arrangements with Orsted for the construction and operation of the projects and all financing arrangements (IJInvestor Joint Venture of the Year, 2024)
Stonepeak in the acquisition of a 50% interest in the approximately $11.0 billion Coastal Virginia Offshore Wind project, which at 2.6 GW is expected to be the largest offshore wind project in the U.S. and one of the largest offshore wind projects globally upon completion, including the approximately $5 billion back-leveraged acquisition and delayed draw construction facilities procured to fund the acquisition and the future construction costs of the project (Proximo North America Offshore Wind Deal of the Year, 2024) (Project Finance International Americas Deal of the Year, 2024)
Goldman Sachs’ Alternative Energy Investing Group in the formation of a joint venture with TELOS Clean Energy to develop, construct, own, and operate distributed solar power projects
Uzbekistan GTL on the construction, development and financing of a $3.6 billion gas to liquids project in the Kashkadarya Region, close to Karshi, in the Republic of Uzbekistan. This project is financed by or under the cover of several export credit agencies, development banks and commercial banks, including China Development Bank, KEXIM and KSure
Gulf Coast Ammonia as project counsel and borrower’s counsel in all aspects of the development and financing of a world-scale, hydrogen-based ammonia project in Texas (Proximo’s 2019 North American Petrochemicals Deal of the Year)
Tyr Energy in the acquisition of 100% of the equity interests in Hickory Run Energy, and development, equity syndication and project financing of a 1,000 MW natural gas-fired combined cycle power plant in PJM (2017 IJGlobal North American Power Deal of the Year)
GE Energy Financial Services, Inc. in a construction financing of two micro LNG facilities
An investment banking and brokerage firm in a secured term loan to a series of renewable energy projects
United Bridge Operating in its financing for a dividend recapitalization based on Toll Bridge assets
The sponsors and borrowers, affiliates of The AES Corporation and Inversiones Bahía, in the project financing of the Colón LNG-to-power project, expected to be the largest combined-cycle power generation facility and first LNG import terminal to be built in Panama (Selected as Latin America Power Deal of the Year, Infrastructure Journal, 2016)
MN8 Energy (Goldman Sachs Renewable Power) Fund in its investment in a solar portfolio
A special situations fund in a nearly $1 billion back-levered acquisition (by way of a joint venture) of a portfolio of wind assets from a global conglomerate
A lead arranger and administrative agent in the non-recourse acquisition financing of jet fuel terminals, pipelines and related assets located throughout the United States
A specialist bank and asset manager in a $297 million secured term loan and revolving credit facility to Lincoln Power in connection with its acquisition and refinancing of three natural gas-fired electric generating plants in Illinois
Basalt Infrastructure Partners in its acquisition of a natural gas transmission business from Third Coast Midstream
Ares Capital as mezzanine lender in the $400 million construction financing of a wind generation facility sponsored by Apex Clean Energy Holdings in Kay County, Oklahoma
Babson Capital Management in the acquisition of secured promissory notes issued by nine subsidiaries of Cypress Creek Renewables for the permanent financing of each issuer’s utility-scale tilt solar array projects in North Carolina
Exmar N.V. in the project financing of a floating liquefaction and storage facility to be located offshore Colombia
The State Oil Company of the Azerbaijan Republic on the development, financing and construction of two polymer units in the Sumgayit Industrial Park, Baku, Azerbaijan, with a capacity of 150 KTPA (polypropylene) and 100 KTPA (high density polyethylene)
The accelerating adoption of AI is driving extraordinary demand for data center capacity and power, creating both opportunity and complexity for developers and investors alike.
To better understand how the market is responding, we surveyed 200 senior infrastructure developers and private capital investors to capture perspectives on power availability, infrastructure constraints, financing dynamics, and the pace of AI-driven growth.
Project & Infrastructure Finance
At Vinson & Elkins, we bring decades of knowledge, skill, and experience to our clients’ most complex legal matters.
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CLE Events
Financing and Bankability of Data Center Projects
This program will examine the key legal and commercial considerations for financing data center projects, with a focus on what makes these projects bankable for lenders and investors.
September 29, 2026
September 29, 2026 • 1-minute read
Articles
Why Liability Is Different Underground
Partner Scott Stiegler and Associate Ellen Swarbrick examine the unique liability challenges of underground construction projects, where unforeseen ground conditions …
September 28, 2026
September 28, 2026 • 1-minute read
Articles
UAE Exits OPEC: Strategic Considerations for Energy Businesses
On April 28, 2026, the United Arab Emirates (the “UAE”) announced its decision to withdraw from the Organization of the …
May 18, 2026
May 18, 2026 • 3-minute read
Events
Vinson & Elkins Sponsoring and Speaking at the 23rd Annual EIC Conference
Vinson & Elkins is a platinum sponsor of the Energy Infrastructure Council’s (EIC) 23rd Annual Energy Infrastructure CEO & Investor …
May 18, 2026
May 18, 2026 • 1-minute read
Podcasts
Behind every major data center development is a sophisticated capital structure. Financing these projects requires balancing construction risk, power availability, …
April 29, 2026
April 29, 2026 • 6-minute read
Client Alerts
Material Assistance Guidance Released, Leaving Taxpayers Wanting More
On February 12, 2026, the Treasury Department (the “Treasury”) and the Internal Revenue Service (the “Service”) released IRS Notice 2026-15 …
February 13, 2026
February 13, 2026 • 5-minute read
Client Alerts
The recent tariffs imposed by the Trump administration mark a significant shift in U.S. trade policy that is expected to have a wide-ranging impact across multiple sectors, including in the energy sector.
April 15, 2025 • V&E Energy Update | Published in Energy Intelligence
April 15, 2025 • 4-minute read
