• Overview
  • Experience
  • Team
  • Insight

Chadbourne has one of the largest project finance practices of any law firm in the world. It was counsel in US$43 billion in project finance transactions in 2015. Ninety-three lawyers work full time in the core project finance group, and another 40 are engaged more or less full time in energy transactions. The project finance lawyers are based in three offices in the United States (New York, Washington, Los Angeles) and six offices outside the US (London, Istanbul, Dubai, Johannesburg, Mexico City and Sao Paulo).

Sixty percent of the time of the lawyers in the core project finance group was spent on renewable energy projects in each of the last 10 years. Half the renewable energy work in the last two years was on projects outside the United States, principally in Latin America, eastern Europe, Africa and the Middle East. The firm's extensive deal list in the sector includes some of the largest renewable energy projects in the world and first-of-a-kind transaction structures. Chadbourne helped organize the solar trade association in the Middle East. The firm has worked on roughly a third of the installed wind capacity and on close to half the large-scale solar projects in the US, and has done more than four dozen master financing facilities for solar rooftop companies. It has been counsel on slightly more than half the federal loan guarantees issued for renewable energy projects by the US Department of Energy. It is also prominent in the geothermal, fuel cell, biomass, landfill gas, hydroelectric, energy storage and biofuels markets.

The firm is also well known for its work in emerging markets. For example, it has handled projects in 48 of the 54 countries in Africa. Chadbourne regularly acts as counsel to multilateral lending and export credit agencies who tend to be the first movers in such markets, and has a special expertise in political risk insurance, currency convertibility, sovereign credit, international arbitrations and other topics that are factors in emerging markets deals.

Chadbourne has dominated the market in LNG liquefaction project financings, acting as counsel on five of the six LNG liquefaction projects that have been financed to date in the United States and on terminals in Oman, Yemen, and other countries. It acts for both developers and lenders of upstream and downstream oil and gas assets and petrochemical facilities. 

The firm has worked on projects in more than 80 countries. It has an extensive deal list in other infrastructure projects, including conventional and nuclear power plants, gas pipelines, electric transmission facilities, toll roads, bridges, desalination plants, mines, ports, and public-private partnerships. 

Chadbourne hosts a well-regarded global energy and finance conference, now in its 27th year, that attracts an unusually high-level audience of CEOs, CFOs and general counsels at project sponsors plus managing directors at banks and private equity funds that finance the sector. It also publishes a Project Finance NewsWire that goes to 46,000 people. Transcripts from the 2015 conference can be found in the July 2015 NewsWire

Publication Highlights

Solar securitizations may see a hiatus for part of 2016.  Seven deals have been completed outside the PACE market, with the cost of debt increasing in Q1 2016 deals to 5.81%...
Gas-fired power plants remain able to attract favorable financing. Opinions differ about whether spreads on debt may widen this year due to higher bank funding costs and limits...
Anti-bribery efforts are expected to step up in the United States. The US Department of Justice is hiring another 10 prosecutors for its unit that enforces the Foreign Corrupt...

Blogs

The US government subsidizes the cost of many renewable power projects through tax benefits. These tax benefits can be worth around 50% of the project’s cost. They primarily...
The US government subsidizes the cost of many renewable power projects through tax benefits. These tax benefits can be worth around 50% of the project’s cost. They primarily...
The US government subsidizes the cost of many renewable power projects through tax benefits. These tax benefits can be worth around 50% of the project’s cost. They primarily...
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Publications

Solar securitizations may see a hiatus for part of 2016.  Seven deals have been completed outside the PACE market, with the cost of debt increasing in Q1 2016 deals to 5.81%...
Project Finance NewsWire April 2016
The Project Finance NewsWire reports on new developments affecting the power sector, gas pipelines, LNG terminals, energy storage facilities, energy efficiency, biofuels,...
Minor Memos. More than half of House Republicans have co-sponsored a bill to “blow up” the US tax code at the end of 2019 in order to force Congress to start over . . . . The IRS...

Events

The Istanbul office held a half day seminar on March 24, 2016 to discuss how Turkish companies can take advantage of the growing number of investment and development opportunities...
Tags: energy, infrastructure, investment in Africa
It is the start of a new year. Join a conference call among a group of project finance industry veterans about what to expect in the year ahead for tax equity, bank and term loan...
Tags: cost of capital, tax equity, bank debt, interest rates, yields, term loan B, project bonds, green bonds, outlook, forecast
International Counsel Sean McCoy-Cador participated as a moderator at the Mexico Infrastructure Projects Forum, which was a two-day infrastructure event held in Monterrey, Mexico...

Blogs

The US government subsidizes the cost of many renewable power projects through tax benefits. These tax benefits can be worth around 50% of the project’s cost. They primarily...
The US government subsidizes the cost of many renewable power projects through tax benefits. These tax benefits can be worth around 50% of the project’s cost. They primarily...
The US government subsidizes the cost of many renewable power projects through tax benefits. These tax benefits can be worth around 50% of the project’s cost. They primarily...