Possessing ‘tremendous experience in large energy transactions’ and combining ’great leadership and team effort to get deals done’, Morgan, Lewis & Bockius LLP handles a diverse array of instructions from a host of clients that include independent power producers, financial sponsors, and global developers. Recent PE and M&A transactions have had a firm focus on renewables and energy transition assets such as hydropower, solar, wind, transmission cables and green hydrogen. Outside of this, the firm continues to excel at large-scale nuclear mandates. Elizabeth Hanigan and Stephen Spina co-lead the practice and operate out of Chicago and Washington DC respectively. Spina is a key contact for electric utilities while Hanigan takes the lead on build transfer agreements for complex energy projects. New York duo John Klauberg and Michael Espinoza primarily focus on high-end M&A and PE deals, whereas Boston’s Amy Maloney‘s debt finance acumen is crucial to a number of acqusition finance and leveraged finance transactions. Laura Neumeister Wright, who also possesses long-standing finance capabilities, acts out of Chicago and is notably active on solar and wind mandates.
Testimonials
Collated independently by Legal 500 research team.
‘Tremendous experience in large energy transactions. Great leadership and team effort to get deals done.’
‘John Klauberg is one of the best and most reputed transactional lawyers in the US. Mike Espinoza brings so much know-how and practical skills to close out any deals.'
Key clients
- HQI US Holding LLC/Hydro-Québec
- Ashtrom Renewable Energy
- Invenergy
- Evergy
- Salt River Project
- Energy Harbor
- Foundation Infrastructure Partners
- Osaka Gas
- Xcel Energy
- MMR Group
- South Jersey Industries
Work highlights
- Represented HQI US Holding LLC in its agreement to acquire Great River Hydro LLC, which owns the largest hydropower fleet in New England, valued at approximately $2 billion.
- Represented Invenergy Renewables Operating I LLC as borrower and Invenergy Renewables LLC as sponsor in the $1.05 billion refinancing of a revolving loan and letter-of-credit facility that supports the borrower’s fleet of onshore and offshore wind, solar, transmission, and energy storage assets.
- Assisted Ashtrom Renewable Energy (ARE) in the acquisition of six utility-scale solar projects and with the construction and term financing with a novel PTC transfer agreement for this 306 MWac project.
Practice head
The lawyer(s) leading their teams.
Elizabeth Hanigan, Stephen Spina