Milbank LLP advised Silicon Valley Bank (SVB) and participating lenders in the $190 million financing for a 90 MW portfolio of solar projects located across the United States. The 40-project portfolio includes community solar and commercial and industrial solar projects in New York, Illinois, Colorado, Minnesota, California and New Jersey.
The Milbank team was led by Global Project, Energy and Infrastructure Finance partner Richard Hillman, with associates Javad Asghari, Ariel Oseasohn, Chloe Kim, Sean Rail and Jakub Danek, along with Tax Partner Drew Batkin.
Mr. Hillman noted, “This transaction underscores Milbank’s strength in the renewable energy sector, and we are pleased to have supported Silicon Valley Bank on this financing. We are proud to advise our clients in the ever-growing sustainable energy market and to deepen our commitment to the advancement of renewable infrastructure in the US.”
Milbank has one of the largest project, energy and infrastructure groups in the world with over 125 dedicated lawyers in its offices in the Americas, Europe and Asia. In the past five years, the firm has acted as the lead legal advisor in a wide variety of renewable energy, conventional power, oil/gas, natural resources and other infrastructure projects worldwide that have mobilized billions of dollars of capital. The firm was also recently recognized as “North America Legal Advisor of the Year” by Proximo for the second year in a row, “Law Firm of the Year” by Power Finance Risk, "Latin America Legal Adviser of the Year” in addition to receiving seven "Deal of the Year" awards by IJGlobal, “Best Infrastructure Law Firm” by LatinFinance and “Banking & Finance Legal Adviser of the Year” by Bonds & Loans Latin America & Caribbean Awards.
