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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

  • 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, KSure, EXIAR and Gazprombank

  • 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

  • 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)

  • 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)

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