Working across the full spectrum of projects counsel from a lenders, sponsors and borrowers focus, Baker McKenzie LLP advises on a number of debt and equity financing transactions that are largely concentrated in the renewables and energy transition space. The firm also features a formidable tax practice and applies its longstanding expertise to advise on novel tax equity financing structures. The New York and Chicago trio of Clyde Rankin, José Morán, and James O’Brien jointly chair the practice and as a collective provide extensive project finance acumen to a diverse roster of clients. Clyde has been engaged with multiple inner-city renewable installation ventures over the past twelve months, most notably involving the Jacob Javits Convention Center in New York, while José is noted for his vast cross-border practice that encompasses Latin American transport projects and renewable developments in Canada. James is highly reputed for his ability advise across an entire project lifecycle as well as his tax expertise. Further names of note include New York’s Mark Tibberts , who has recently been active on marine and manufacturing builds, Chicago’s Stan Sirot, who is a chief advisor to key client Hannon Armstrong, and Toronto’s Matthew Martin, who carries a strong PPP offering.
Testimonials
Collated independently by Legal 500 research team.
- 'The BM team we work with is fantastic. They are very responsive, commercial, and problem-solving oriented. Their drafting skills are also impeccable.'
- 'Jim O'Brien and Stan Sirot are my primary partner contacts and they're both excellent. They are very commercial and have a great sense of what we (their client) are trying to accomplish in our deals, and how to get the deal over the line most efficiently.'
- 'The team was very responsive, professional and business-oriented.'
Key clients
- Hannon Armstrong Sustainable Infrastructure Capital, Inc. - Project Lighthouse
- Siemens Financial Services, Inc (Aggregation Debt Facility)
- Hannon Armstrong Sustainable Infrastructure Capital, Inc.
- Burnham RNG LLC
- San Juan Cruise Port LLC, Global Ports Holding Plc
Work highlights
- Represented Hannon Armstrong Sustainable Infrastructure Capital, Inc., a leading US climate solutions investor, in the acquisition of 50% interest in a portfolio of 874 megawatts (MW) of onshore wind, 192 MW of utility-scale solar, and 557 MW of utility-scale solar with 395 MW of co-located storage (seven projects in total) located in four states: California, Hawaii, Texas, and West Virginia.
- Represented Siemens Financial Services, Inc. in closing several borrowings under an existing USD 100 million senior secured revolving credit facility provided in connection with the joint venture with Macquarie’s Green Investment Group and Siemens Industries for the development of a portfolio of commercial and industrial solar and storage projects.
- Advised Hannon Armstrong Sustainable Infrastructure (HASI) Capital in connection with the common equity investment in an approximately 1.3GW portfolio owned and operated by the AES Corporation located across six states: Arizona, California, New York, South Dakota, Utah, and Virginia and consisting of 7 operating solar projects, and one wind project.
Practice head
The lawyer(s) leading their teams.
Clyde Rankin, José Morán, James O'Brien