Milbank LLP is pleased to announce that the firm has been recognized as ‘Law Firm of the Year’ by Project Finance International.
“We are grateful to our clients, who are at the forefront of market-leading transactions around the world, for trusting us with their most important and strategic transactions and look forward to continuing to work closely together in 2025 and beyond,” said Dan Bartfeld, chair of Milbank’s Global Project, Energy and Infrastructure Finance Group.
Four Milbank transactions also received ‘Deal of the Year’ recognition across a range of categories. “These awards give recognition to the breadth and depth of our team’s outstanding work around the world and the groundbreaking matters we continue to advise our clients on,” said Dan Michalchuk, practice group leader of Milbank’s Global Project, Energy and Infrastructure Finance Group.
Milbank’s award-winning transactions include:
- Americas Deal of the Year - CVOW (Stonepeak). Advised the lenders in connection with an acquisition and development financing for Stonepeak to acquire a 50% non-controlling interest in Dominion Energy’s Coastal Virginia Offshore Wind Project and to fund 50% of remaining project costs. CVOW, a joint venture between Stonepeak and Dominion Energy, the largest offshore wind project currently under construction in the United States, comprises 176 turbines and 3 offshore substations in a nearly 113,000-acre lease area with a generation capacity of 2.6 GW that can power up to 660,000 homes upon completion.
- Americas Data Center Deal of the Year - Switch Bighorn. 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 $4.5 billion 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.
- Americas Infrastructure Deal of the Year - Aguas Esperanza. Advised the financial parties in connection with the $1.183 billion financing of the acquisition and development of two 144-kilometer seawater impulsion systems for the transportation of 1,900 L/s of seawater from the Mejillones Port to Minera Centinela’s copper mining site in the Antofagasta Province in Chile.
- Americas Gas Deal of the Year - Mayakan. Advised the lenders in connection with the $2.5 billion financing of ENGIE’s Mexican natural gas pipeline expansion project consisting of an approximately 698-kilometer natural gas pipeline in the Yucatan Peninsula in Mexico. This transaction represents one of the largest financings in the region that will supply gas required for the operation of CFE’s two new combined cycle plants which together have a capacity of over 1.5 GW.
Milbank’s Global Projects, Energy and Infrastructure Finance practice supports clients in a variety of corporate/M&A transactions, project and structured financings and capital markets matters. With immense knowledge of the world’s business environment, laws and regulations, the team works on many of our clients most complex, high-profile and market-leading transactions.
