Milbank LLP was recognized as 2024 North America Legal Advisor of the Year at the IJGlobal Awards on March 13, 2025. IJGlobal’s awards celebrate the standout greenfield and refinancing deals across the energy and infrastructure industry and the companies that drive them to successful conclusions. Additionally, Milbank received 10 deal of the year awards in recognition of its accomplished transactions throughout the year.
“On behalf of the entire team, we are honored to have our work recognized among such excellent peers,” said Dan Bartfeld, chair of the firm’s Global Project, Energy and Infrastructure Finance Group. “This is equally a testament to our outstanding clients, who continue to support the most innovative infrastructure development in the Americas and beyond.”
Milbank’s award-winning global transactions include:
- Latin America
- Bond of the Year, Private Placement: PEC III. Advised two generation companies in Chile, as sellers, in connection with the sale of PEC 3 Long-Term MPC Securities issued under resolutions of the Comisión Nacional de Energía of Chile, to IDB Invest, as purchaser.
- Bond of the Year, Refi: Aerodom. Advised the lenders and underwriters in connection with a $500 million bond financing and related $440 million loan extended to Aeropuertos Dominicanos Siglo XXI, S.A. (Aerodom), a subsidiary of VINCI Airports S.A.S., in connection with the operation and expansion of airports in the Dominican Republic.
- Energy Transition Deal of the Year: BESS del Desierto Energy Storage Project. Advised the lenders in connection with the $289 million financing for the construction, development and operation of a battery energy storage project, BESS del Desierto, consisting of an installed capacity of 200 MW and storage capacity of 800 MWh which is owned by Atlas Renewable Energy.
- Mining Deal of the Year: Minera Centinela Expansion. Advised the financing sources in connection with the $1.5 billion financing for the acquisition, construction, operation and transfer of two seawater pipeline assets for Minera Centinela. The financing will support the acquisition and operation of a 144-kilometer seawater pipeline that transports 1,281 L/s of seawater to the mining sites of Minera Antucoya and Minera Centinela, and the design, construction, commissioning and operation of a new water pipeline parallel to the existing pipeline to provide seawater to Minera Centinela’s mining site.
- Renewable Deal of the Year: Oasis de Atacama Energy Storage Project. Advised a syndicate of lenders in connection with the $1 billion financing of Oasis de Atacama in Chile. The world’s largest energy storage project, Oasis de Atacama comprises three solar PV power plants totalizing 720 MW and a battery storage system with a capacity of up to 1.1 GWh. The lenders include Sumitomo Mitsui Banking Corporation, Société Generale, BNP Paribas, The Bank of Nova Scotia and Natixis, New York Branch.
- North America
- Energy Transition Deal of the Year: E-VAC Magnetics. Advised the lenders in connection with the project financing of a permanent magnet manufacturing facility in Sumter County, South Carolina.
- Oil & Gas Deal of the Year: Woodfibre LNG. Advised the lenders in connection with the design, development and operation of the Woodfibre LNG facility, which includes large-scale natural gas treatment, processing and liquefaction facilities in Squamish, British Columbia, Canada, whose facilities are expected to include one LNG train, two LNG floating storage carriers, a marine berth and jetty and storage and delivery facilities.
- Renewable Deal of the Year, Offshore Wind: Coastal Virginia Offshore Windfarm. Advised the lenders in connection with the financing of Stonepeak’s acquisition of a 50% interest in Dominion Energy, Inc.’s Coastal Virginia Offshore Wind project. The 2.6-gigawatt Coastal Virginia Offshore Wind project is located 27 miles off the coast of Virginia Beach, Virginia, and is currently the largest offshore wind farm under construction in the United States. Upon completion, Coastal Virginia Offshore Wind will consist of 176 turbines and three offshore substations in a nearly 113,000-acre lease area with capacity to power up to 660,000 homes.
- Sustainability-Linked Credit Facility & Digital Infrastructure Deal of the Year: Switch Hyperscale Development. Advised Switch on its inaugural $4.5 billion project debt financing issuance, meeting the standards of a green loan, which will support a fully leased hyperscale development at Switch’s Citadel Campus in Tahoe-Reno, Nevada. Once completed, this deployment will include nearly 1 GW of IT capacity. The project financing includes a $3.4 billion transaction to support the construction of turnkey data center capacity and an additional $1.1 billion to support the construction of powered shell facilities.
Dan Michalchuk, practice group leader of Milbank’s Global Project, Energy Infrastructure Finance Group, added: “It is a privilege to receive these honors, and I am particularly grateful for our talented team of lawyers that make such outcomes possible. We look forward to continuing this work and deepening our depth of knowledge in these ever-evolving sectors in the years to come.”
Read more about the IJGlobal 2024 Awards here.
