Milbank LLP is advising the lenders to Global Infrastructure Partners (GIP) on its acquisition of a 50% interest in the South Fork and Revolution Wind projects from Eversource Energy (NYSE: ES) for approximately $1.1 billion.
GIP is the world’s largest independent infrastructure investor, with over $100 billion in AUM across infrastructure equity and credit strategies.
“We are thrilled to have advised on the financing for GIP’s strategic acquisition of these projects, which further solidifies GIP’s role as a leading industry player and its commitment to renewable energy development,” said Dan Bartfeld, chair of the firm’s Global Project, Energy and Infrastructure Finance Group. “This significant transaction will further advance offshore wind energy in the northeast and decarbonize the electric generation footprint of the region. It also shows investors and financing parties’ continued commitment to offshore wind in the US market,” added Global Project, Energy and Infrastructure Finance partner Henry Scott.
The Milbank team was led by Mr. Bartfeld and Mr. Scott and included special counsel Kristina Hokenberg, associates Pilar Martins, Megan McLoughlin and Julia Zenker, with support from law clerks Aljoharah Albasri and Patrick Kanopoulos.
