News & Events

The Firm was recently awarded Project Finance Magazine’s “North American Wind Deal of the Year 2010” for representing the initial purchasers and lenders in a $1.2 billion financing of four wind power projects developed by Terra-Gen Power LLC (“Terra-Gen”). Project Finance Magazine lauded the deal as “both the first greenfield wind 144A issue and the first leveraged lease for wind assets.”

The Alta Wind II, III, IV and V projects (“Alta Wind II-V”) are the second phase of Terra-Gen’s Alta Wind Energy Center in the Tehachapi area of California, a 3,000-megawatt initiative considered to be one of the largest U.S. wind development projects. The Alta Wind II-V financing included the issuance of approximately $580 million of 7.00% Pass-Through Certificates due 2035, a construction bridge loan facility of $499 million and ancillary credit facilities of $127 million. Ken Wyman, David Lieberman and Amy Beller led the Firm’s representation. To read more about this transaction, please click here.

Project Finance Magazine is a Euromoney publication. The Project Finance Awards for 2010 Deals of the Year honor deals for innovation, deal repeatability, best practice, problem solving, risk mitigation, value for money and speed of delivery in the financing of infrastructure projects.