Renewable Energy

Leading the Way in Renewable Energy.

Milbank has one of the largest and most experienced Renewable Energy Practice groups among the world’s major law firms.  The scope of our Renewable Energy Practice is unmatched—we have represented some of the largest sponsors in the industry, as well as new developers in emerging renewable technologies, and handled some of the largest and highest-profile transactions in the sector.  Building on the strength of our broader project finance practice, we have also represented project lenders, equity investors (including tax equity investors), equipment manufacturers/vendors and construction firms, as well as acquirers and sellers of renewable energy projects.

Our firm-wide dedicated team of renewable energy attorneys based in each of our US offices, as well as in Beijing, Hong Kong, London, Singapore and Tokyo, has extensive experience in all aspects of the development, financing, acquisition and disposition of renewable energy projects.  We have assisted clients in regulatory and permitting matters; negotiated commercial project documents, such as power purchase agreements, energy hedge agreements, renewable energy credit (REC) purchase agreements, equipment supply and warranty agreements, construction contracts, and operations and maintenance agreements; and provided counsel relating to structuring debt and equity financings, acquisition and disposition transactions and real estate matters. 

Our Renewable Energy Practice specialists active in the US market have developed a strong expertise in the tax incentives available for renewable energy projects and related requirements, including such US tax incentives as the Production Tax Credits (PTC), Investment Tax Credits (ITC) and the U.S. Treasury Grant, and represents many of the active tax equity investors in the industry.  We have also closed several high-profile wind and solar projects in the United States that benefitted from the US Department of Energy Loan Guarantees.  Additionally, we draw upon the experience of seasoned practitioners in practice areas in which Milbank has a special expertise, such as tax, energy regulation, real estate, bankruptcy, litigation, environmental regulation, anti-trust and intellectual property licensing, to provide tailored legal solutions that match the needs of our clients. 

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INDUSTRY INSIGHT

Because of our strong legal skills and deep knowledge of the renewable energy industries, Milbank is widely seen as one of the leading practices in the wind energy industry. Clients have sought our counsel on innummerable transactions in the wind industry, including the financing of the world’s largest land-based wind farm, the development of wind projects in Canada, the UK, Latin America, Turkey and Inner Mongolia, and financing of projects in nearly half the states in the US.

Milbank was one of the early entrants in the rapidly evolving solar energy sector and is among the leading law firms active in that industry.  We have represented developers, tax equity investors and lenders with respect to both photovoltaic (PV) and concentrated solar plant (CSP) projects. 

We have developed substantial experience in other renewable energy sectors, including geothermal, biomass, biofuels and hydroelectric. 

recognition for excellence

As evidence of our continuing prominence in the renewable energy field, Milbank is consistently recognized as a leader in the renewable energy industry by league tables and industry publications and many of the transactions we handle receive “deal of the year” honors.  Our most recent accolades include being named Top Legal Advisor for Clean Energy Project Finance for the sixth year in a row (2006-2011), and receiving Chambers’ Energy/Projects Award for Excellence (2009), among numerous other awards and honors.