In the latest recognition of its top-notch power and renewable energy practice, Milbank LLP was recognized as “Law Firm of the Year” by the Power Finance Risk Awards, announced on November 22, 2021. In addition, Milbank received four “Deal of the Year” awards for the firm’s work advising on market-leading power and energy transactions in the 2020 calendar year.
The Power Finance & Risk Awards recognize the most impressive renewable energy and power project sponsors, lenders, advisers, investors and transactions, selected based on in-depth research interviews with an unprecedented judging panel comprising 45 senior market participants from across project development, banking, law and investing.
Milbank transactions were honored in the following categories:
- Transmission Deal of the Year – Western Spirit: Milbank represented Pattern Energy Group as sponsor in connection with the $1.76 billion financing for the Western Spirit transmission line and wind portfolio in New Mexico, cited as one of the largest renewable project financings in the US in 2020.
- Project Bond Deal of the Year – Clearway Energy Utah: Milbank represented the institutional investors and LC issuing bank in connection with the private placement financing and LC facility for Clearway Energy Utah Solar’s portfolio of seven solar projects.
- Conventional Power Deal of the Year – CPV Three Rivers: Milbank represented the financing parties in connection with the financing for the CPV Three Rivers Energy Center, a gas-fired combined cycle power generation facility in northeastern Illinois, located in PJM. The transaction featured a bank tranche, fixed rate tranche and a 4(a)(2) private placement tranche.
- Term Loan B Deal of the Year - Hamilton Projects Acquiror: Milbank represented the lead arrangers in connection with the $1 billion acquisition financing of the Panda Liberty and Patriot gas-fired power plants located in Pennsylvania, by a joint venture between Carlyle and EIG.
Dan Bartfeld, practice group leader of the firm’s Global Project, Energy and Infrastructure Finance Group, said “We are honored to receive this accolade in recognition of our extremely strong practice in the US power and energy space. On behalf of our attorneys focused on the US power and energy markets, we are incredibly grateful to our clients who trust us with their market-leading projects.”
Milbank has one of the largest project, energy and infrastructure groups in the world with over 125 dedicated lawyers in its offices in the Americas, Europe and Asia. In the past five years, the firm has acted as the lead legal advisor in a wide variety of power, energy, oil/gas, natural resources and other infrastructure projects worldwide that mobilized hundreds of billions of dollars of capital. The firm was also recently recognized as “Global Legal Adviser of the Year” and “Latin America International Legal Adviser of the Year” by IJGlobal, “Latin America Legal Advisor of the Year” by Proximo, “Best Infrastructure Law Firm” by LatinFinance and “Banking & Finance Legal Adviser of the Year” by Bonds & Loans Latin America & Caribbean Awards.
