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Project Finance

With one of the largest dedicated energy practices in the world, we have deep experience in project development and project finance. We help energy companies, private equity sponsors and lenders develop, restructure, purchase and sell energy assets and projects. We work with clients on sophisticated financing arrangements and acquisitions, which has earned us the reputation as a market-leading project finance firm in Chambers and Legal 500.

Our team works across our global network of offices located in energy and financial hubs throughout the world to provide seamless and integrated advice on every phase of a project, from initial planning through completion. Recent market-leading engagements include Fotowatio Renewable Ventures in the development of a utility-scale battery storage project to be constructed and operated by Tesla in the UK, as well as in the development of the first utility-scale power plant in Armenia; Marubeni and Total Solar in the development and implementation of the Al Kharsaah solar photovoltaic independent power project (2021 Finance Team of the Year Finalist, Legal Business Awards) and Competitive Power Ventures in the equity investment by Osaka Gas USA, Axium Infrastructure and Harrison Street in CPV’s Three River Energy Project in Illinois (2020 US Power Deal of the Year, PFI Awards).

Market-Leading Engagements

  • Alcazar Energy Partners on the project financing for wind and solar projects with an aggregate capacity of 100 MW being procured under Egypt’s feed-in-tariff program
  • Alcazar Energy Partners on the development and financing of the Al Rajef and Al Shobak wind projects as part of Round 1 and Round 2 of Jordan’s renewable program
  • AP Energy Holdings Inc and South Field Energy LLC in the $1.3 billion project financing and equity arrangements for the construction of the South Field Energy project
  • Apex Compressed Air Energy Storage LLC in the mezzanine and long-term construction project financing of a compressed air energy storage development project
  • ArcLight Capital Partners, LLC in the purchase and related acquisition financing of the FERC-regulated Trans-Union Pipeline from Entegra Power Group
  • Competitive Power Ventures in the equity investment by Osaka Gas USA, Axium Infrastructure and Harrison Street in CPV’s gas-fired Three Rivers Energy Center project in Illinois — 2020 US Power Deal of the Year, PFI Awards
  • El Paso Corporation and Ruby Pipeline LLC in the $1.58 billion construction and term financing of the 675-mile Ruby Pipeline in the northwest United States — Oil and Gas Deal of the Year in the Americas, Project Finance International and North American Oil and Gas Deal of the Year, Project Finance
  • Fotowatio Renewable Ventures in the development of the 99MW/198MWh Clay Tye Project – upon completion, this will be the largest battery energy storage of its kind in the UK
  • Fotowatio Renewable Ventures in the development of a 34 MW/68 MwH utility-scale battery storage project, to be constructed and operated by Tesla in the UK
  • Fotowatio Renewable Ventures in the development of the 55 MW Met Masrik power plant — the first utility-scale power plant in Armenia
  • First Reserve Corporation in the long-term hedge arrangement to enable the acquisition and financing of the 298 MW Kingfisher Wind Project located in Oklahoma — 2015 Commodities Deal of the Year, Commodity Business Awards; 2015 Financial Deal of the Year, Platt’s Global Energy Awards; and 2016 Deal of the Year, Energy Risk Awards
  • Freeport Power Limited in the $196 million first-lien financing by its owners GDF Suez Energy North America and Toyota Tsusho Corporation, of an approximately 440 MW rated gas-fired combined cycle power plant located on-site at Dow Chemical’s Oyster Creek chemical complex in Freeport, Texas
  • Harmony HB Limited in the first-of-a-kind financing for the Holes Bay Battery Energy Storage Project in Dorset, UK
  • HPS Investment Partners, LLC in the 210 million secured note facility to HMS Kingfisher HoldCo, LLC and ARM Midstream, LLC, as well as an equity investment in the related operating company, to fund the development and construction of a crude oil pipeline and gas gathering and processing facilities
  • La Paloma Generating Company, LLC in the $412 million first-lien and second-lien term and working capital project finance facilities regarding its 1,022 MW combined-cycle electric generation facility
  • Macquarie Bank Limited in the project financing of a diverse portfolio of roof-top solar installations for Just Energy Group Inc.'s subsidiary, Hudson Solar
  • Macquarie Bank Limited in the project financing of Juniper GTL, LLC's gas-to-liquids plan in Westlake, Louisiana
  • Marubeni Corporation and Aljomaih Energy & Water Company in the financial closing of the Rabigh 300 MW solar photovoltaic IPP in Saudi Arabia
  • Marubeni and Total Solar in the development and implementation of the 800.15 MW Al Kharsaah solar photovoltaic independent power project, the first utility-scale renewables IPP in Qatar — Finance Team of the Year Finalist, 2021 Legal Business Awards
  • New Age Etinde in the development and proposed financing of the Etinde gas export project in Cameroon
  • Plum Point Energy Associates LLC in the restructuring of the $819 million secured construction and term financing for its 665 MW coal-fired power generation facility located in Osceola, Arkansas
  • Premier Oil Sea Lion Development and its joint venture partners in connection with the proposed project financing of the Sea Lion offshore oil field development in the North Falkland basin
  • Rockland Capital, LLC in the acquisition of $263 million term and project financing of the Michigan Power electric generation project, including development of an innovative secured gas hedging and credit support structure for fuel supply for the project
  • Rockland Capital, LLC, Lakeswind Power Partners, Sabine Cogen and Eagle Point Power in multi-project project financing of a wind power project and two gas-fired generation projects
  • Sumitomo Mitsui Banking Corporation, as lead arranger and agent, in the project financing of the acquisition of a 121 MW dual fueled combined cycle power plant located in Florida with a short term remaining on its existing tolling arrangement
  • Upper Bay Infrastructure Partners in a joint venture with 8minuteenergy Renewables and J.P. Morgan Asset Management to provide capital to support 10.7 GW pipeline of utility solar and storage projects
  • Utico in the financing and development of the 122 MIGD Hassyan independent water project in Dubai
  • Yuhuang Chemical, Inc. in the project development and financing of a $1.85 billion greenfield methanol project in Louisiana

Global Recognition for Excellence

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Their leadership and commitment to client service is what makes them stand out. They work hard to understand not only the market and the business, but also their client’s place in the industry.

– Chambers USA, 2019

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Market-Leading Engagements Throughout the World

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