North America - United States • Energy

Milbank

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A heavyweight in cross-border project financing, Milbank is the firm of choice for a host of clients in the renewable energy arena, from new developers to some of the largest sponsors in the industry, as well as both debt and equity investors. The team is proficient across financing, development, acquisition and disposition of renewable energy projects, and its slate of work covers regulatory and permitting matters, power purchase agreements, energy hedge agreements, construction contracts, and operations and maintenance agreements. From the firm’s New York office, Daniel Michalchuk and Daniel Bartfeld co-lead the department. Bartfeld is noted for his expertise in transactions and the representation of US, Asian and European-based lenders and investors, while Michalchuk is a renowned figure in financing renewable energy projects. William Bice is a further experienced figure at the New York office, while in Los Angeles, Henry Scott is a specialist in representing debt and equity financing parties in North American renewable energy transactions. Timothy Wendling acts in wind, solar and geothermal electricity generation projects.

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Key clients

  • Amp Energy
  • BlackRock
  • Bank of America
  • JPMorgan
  • MUFG
  • Standard Chartered
  • Natixis
  • Glenfarne
  • Brookfield Renewable
  • Clean Capital
  • Garney Construction
  • GEVO
  • NextEra
  • Onward Energy

Work highlights

  • Represented the sponsor in the construction and back-leverage debt financing and tax equity financing of an approximately 240 MW photovoltaic solar energy generation project located in Lamar County, Texas.
  • Represented Silicon Valley Bank in the Community Solar 2023 Projects (Denali) financing of projects located in Colorado, Maryland, Illinois, Hawaii, Minnesota, California and New York.
  • Acted for MUFG Bank, First-Citizens Bank & Trust Company, Nomura Corporate Funding Americas, and National Bank of Canada on the construction and back-leverage financing of two battery storage projects located in Texas and California.

Lawyers

Next Generation Partners

Practice head

The lawyer(s) leading their teams.

Daniel Bartfeld, Daniel Michalchuk

Other key lawyers

William Bice, Jeffrey Leider, Henry Scott, Timothy Wendling, Michael Duff, Kristine Wang, Micaela McLean, Rhys Howard