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Chadbourne is “renowned for its work in the renewables arena.” – Chambers USA

Chadbourne is a market leader in renewable energy. The prestigious Chambers directory in London ranks it at the top of United States law firms working in the sector based on year-round interviewing of corporate law departments and peers at other firms. 

The firm works in some capacity for most major renewable energy developers who are active in the US market.  Half the renewable energy work in the last two years was on projects outside the US, principally in Latin America, Eastern Europe, the Middle East and Africa. 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. It 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 tax equity facilities for solar rooftop portfolios. 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.

Most renewable energy projects have been financed historically in the tax equity market. Chadbourne has been counsel in a large share of the big-ticket transactions in that market since 2005. Term sheets and deal papers that the firm drafted for use in partnership flip and master inverted lease transactions are now standard documents in use in such transactions. Chadbourne did the first prepaid service contract deals in the US wind market, the largest wind farm to date, the first large wind farm to be financed through a sale-leaseback, the most complex portfolio debt financings to date in the solar rooftop market, the first three solar securiti­zation transactions and the first US offshore wind farm. It wrote separate manuals on tax issues and solar deal structures for the Solar Energy Industries Association and the Solar Elec­tric Power Association. It has been engaged as counsel on a series of acquisitions of renewable energy companies and port­folios. Power Finance & Risk named it energy asset M&A firm of the year in 2014.

The renewable energy industry in the US is heavily dependent on gov­ernment policy. Small changes in policy can make big winners and losers. It is dan­gerous to work in such a market without keeping an ear to the ground in Washing­ton. Unlike other US firms working on re­newable energy, Chadbourne has a signifi­cant part of its team based in Washington.

Chadbourne helped organize the solar trade association in the Middle East. It was counsel on the first large wind farm in Jordan, the first large solar project in Oman, solar, wind and hydroelectric projects in various countries in Africa, the largest wind farm and largest merchant solar project to date in Latin America and a series of other renewable energy projects in Chile, Mexico, Peru and Uruguay and across the Caribbean and Central America. 

Publication Highlights

Mexico issued bid guidelines in early May for its next auction of long-term power contracts expected to be awarded in September. The first auction at the end of March awarded...
The trade press has been running stories lately that offshore wind is finally coming of age in the United States. Several big players are now moving into the sector. Offshore wind...
Relocation payments that a company received to make room for a highway expansion did not have to be reported as income. Compensation must usually be reported as income. The...

Blogs

The IRS published long-awaited guidance in the Federal Register today confirming that partners cannot increase the tax bases of their partnership interests for a special...
Recent IRS guidance designed to qualify more wind farms for tax credits is instead slowing down the market as developers and investors grapple with the uncertainty created by the...
During the summer of 2014, just before Mexican energy reform was enacted, developers rushed to file power generation permits for their projects so that they could keep certain...
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Publications

Mexico issued bid guidelines in early May for its next auction of long-term power contracts expected to be awarded in September. The first auction at the end of March awarded...
The trade press has been running stories lately that offshore wind is finally coming of age in the United States. Several big players are now moving into the sector. Offshore wind...
Relocation payments that a company received to make room for a highway expansion did not have to be reported as income. Compensation must usually be reported as income. The...

Events

David Jimenez participated as a moderator at the Invest in Mexico Forum, the leading investment event in Mexico on November 11, 2015. This conference brings Mexican decision...
North American Offshore Wind Development & Finance Summit
Benjamin Koenigsberg moderated a panel titled "Financiers' Perspectives on Financing Offshore Wind in the EU vs. in the US." This panel of financiers provided their perspectives...
Chadbourne & Parke LLP is a sponsor of the upcoming Bonds & Loans Mexico 2014 conference in Mexico City, Mexico.  Bonds & Loans Mexico is the only conference...

Blogs

The IRS published long-awaited guidance in the Federal Register today confirming that partners cannot increase the tax bases of their partnership interests for a special...
Recent IRS guidance designed to qualify more wind farms for tax credits is instead slowing down the market as developers and investors grapple with the uncertainty created by the...
During the summer of 2014, just before Mexican energy reform was enacted, developers rushed to file power generation permits for their projects so that they could keep certain...