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Project & Infrastructure Finance

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.

Experience Highlights

  • 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, KSure, EXIAR and Gazprombank

  • GE Energy Financial Services, Inc. in a construction financing of two micro LNG facilities

  • 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)

  • STAR Rafineri A.Ş. a subsidiary of the State Oil Company of the Azerbaijan Republic (SOCAR) and its sponsors on the development and financing of a $6 billion greenfield oil refinery in Turkey on the Aegean Sea. This is the largest project financing in Turkey and involves the largest and most diverse group of ECAs for any multi-source financing in Turkey to date. The STAR project sets new benchmarks for project financings in Turkey in terms of amount and tenor of facilities. The Project won 10 awards including Infrastructure Journal’s “European Oil and Gas Deal of the Year 2014”

  • A joint venture among Korean Gas Corp (KOGAS), Lotte Chemical, STX Energy and Uzbekneftegas, on the development and the Asian Development Bank, KEXIM and KSure led financing of the approximately $4 billion Surgil upstream gas and petrochemicals project, Project Finance International’s “Petrochemical Deal of the Year 2012”, Infrastructure Journal’s “Oil and Gas Deal of the Year 2013”, The American Lawyer’s “Global Finance Deal of the Year: Project Finance (Asia) 2014” and the largest project financing in Central Asia

  • Alto Maipo SpA in the development and financing of a 531 MW hydroelectric project in Chile; total financing represents $1.217 billion of the approximately $2.05 billion project cost; financing was provided by the International Finance Corporation, the Inter-American Development Bank, the Overseas Private Investment Corporation, and Chilean and European commercial banks; the project consists of two separate run-of-the-river hydroelectric facilities, and construction requires excavation of approximately 67 kilometers of tunnels; the Alto Maipo project was selected as Project Finance International’s 2013 Latin America Power Deal of the Year

  • A subsidiary of Brookfield Renewable Partners L.P. in connection with acquisition financing for the Safe Harbor hydroelectric project

  • Constellation Energy Group in the project financing of rooftop and ground-mounted solar projects in various states throughout the U.S.

  • 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)

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