Ross Shepard

Primary Focus & Experience

Mr. Shepard represents public and private companies in a broad range of corporate matters, including mergers and acquisitions, equity and asset dispositions, joint ventures, co-investments, restructurings, matters related to corporate governance and other corporate transactions.

He particularly focuses his practice on the energy and infrastructure sectors, where he regularly advises sponsors, developers and other investors in their purchase and sale of and investment in energy and infrastructure projects, including thermal, solar (C&I and utility-scale), wind, hydro, geothermal and biomass power projects, hydrogen and e-methanol projects, battery energy storage systems, regulated utilities, transmission assets, and district energy systems, toll roads, port assets and other traditional infrastructure.

Mr. Shepard’s experience* includes:

• Advised Global Container Terminals Inc. on the sale of its US terminals on Staten Island, NY and in Bayonne, NJ.
• Advised Ontario Teachers’ Pension Plan (OTPP) on its equity investment in and strategic partnership with Diamond Communications, a large wireless communications infrastructure platform.
• Advised Blackstone Credit on its acquisition of a 49% equity interest in Elba Liquefaction Company, an LNG facility in Georgia.
• Advised OMERS Infrastructure in its sale of a joint 80% equity interest in GNL Quintero S.A., the largest LNG terminal in Chile.
• Advised Cementos Progreso in its acquisition of CEMEX’s building materials businesses in in Costa Rica and El Salvador.
• Advised QIC Global Infrastructure Fund and Ullico Infrastructure Fund in their acquisition of the US business of Enwave Energy (now CenTrio), a district energy business.
• Advised AustralianSuper in its investments in (i) Transurban Chesapeake, a developer and operator of toll roads and managed lanes in the greater Washington DC area and (ii) Generate Capital.
• Advised Ullico Infrastructure Fund in its acquisition of (i) Hope Gas, a West Virginia local distribution company, (ii) two separate portfolios of four solar projects located in Canada, (iii) a minority stake in Southern Star Central Corporation, owner and operator of a large natural gas transmission pipeline in the US, and (iv) an interest in Tidewater, a multi-commodity transportation and terminal company.
• Advised Tenaska Capital Management in its (i) acquisition of a 250 MW combined cycle gas turbine power generation facility in Massachussets and (ii) sale of the 890 MW Central Alabama Generating Station, a natural gas- and oil-fired combined cycle power generation facility located in Alabama.
• Advised Orsted Renewables N.A. in its acquisition of Lincoln Clean Energy, LLC, a US renewables developer.
• Advised Origis Energy (i) in connection with an equity investment in Origis USA LLC by Global Atlantic Financial Group and (ii) in its sale of a development pipeline of 12 utility-scale solar projects in the US to Global Atlantic Financial Group.
• Advised the founding shareholders in their sale of Tradewind Energy, Inc., a US renewables developer.
• Advised 8minute Solar Energy in its sale of a 200 MW solar project located in Texas.
• Advised Gainesville Renewable Energy Center in the sale of substantially all of its assets, including a 102.5 MW biomass power generation facility located in Florida.
• Advised I Squared Capital in its acquisition of IC Power Ltd.’s Latin American and Caribbean power generation and distribution businesses.
• Advised the Carlyle Group / Cogentrix in its sale of a portfolio of five hydroelectric power generation facilities in Massachusetts.
• Advised Ormat Technologies, Inc. (NYSE: ORA) in its acquisitions of (i) substantially all of the assets of Viridity Energy, Inc., a demand response, energy management and energy storage services provider, (ii) formerly NYSE-American-listed U.S. Geothermal Inc. and (iii) a 67.5 MW of operating geothermal assets, a greenfield development stage geothermal project and a transmission line, all in Nevada.
• Advised Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI) and TOTAL Renewables USA in the formation of a joint venture and subsequent acquisitions of portfolios of development stage commercial and industrial solar projects in the US from SunPower Corporation.
• Advised BayWa in the sale of a 200 MW solar power generation facility in Mexico.

Recognition & Accomplishments

Mr. Shepard received his J.D. from the New York University School of Law and his B.A. from the University of Pennsylvania.

*Includes matters handled prior to joining Milbank.