Milbank LLP was named “North America Law Firm of the Year” and won several other “Deal of the Year” awards at the Proximo North America Awards 2025, held in Nashville on June 16. The awards celebrate standout transactions and industry leaders shaping the future of energy and infrastructure across the region.
Milbank’s “Deal of the Year” wins include:
- “North America Digital Infrastructure Deal of the Year”: Switch Bighorn. Advised Switch on its inaugural $4.5 billion project debt financing issuance, meeting the standards of a green loan, which will support a fully leased hyperscale development at Switch’s Citadel Campus in Tahoe-Reno, Nevada. Once completed, this deployment will include nearly 1 GW of IT capacity.
- “North America Offshore Wind Deal of the Year”: Coastal Virginia Offshore Wind. Advised the lenders in connection with the financing of Stonepeak’s acquisition of a 50% interest in Dominion Energy, Inc.’s Coastal Virginia Offshore Wind project. The 2.6-gigawatt Coastal Virginia Offshore Wind project is located 27 miles off the coast of Virginia Beach, Virginia, and is currently the largest offshore wind farm under construction in the United States. Upon completion, Coastal Virginia Offshore Wind will consist of 176 turbines and three offshore substations in a nearly 113,000-acre lease area with capacity to power up to 660,000 homes.
- “North America Manufacturing Deal of the Year”: e-VAC Magnetics. Advised the lenders in connection with the project financing of a permanent, first-of its-kind magnet manufacturing facility in Sumter County, South Carolina.
- “North America Solar Plus Storage Deal of the Year”: Centennial Flats. Advised in connection with the Centennial Flats PV and BESS project in La Paz County, Arizona, which includes 500 MW of solar generating capacity and 1,069 MWh of BESS capacity
“We’re honored to once again be recognized by Proximo for our work across North America,” said Global Project, Energy and Infrastructure Finance Group Chair Daniel D. Bartfeld. “These awards are a testament to the strength of our team and the trust our clients place in us to navigate their most important and transformative transactions.”
“Milbank’s cross‑border platform and deep sector expertise empower us to guide clients through the most sophisticated energy and infrastructure transactions,” added Global Project, Energy and Infrastructure Finance practice group leader Daniel J. Michalchuk. “We’re proud to collaborate with market leaders who are shaping the future through innovation and sustainable progress across industries.”
Milbank remains one of the most active law firms advising on complex, high-value transactions in the energy and infrastructure space. In the past 12 months, Milbank has had the lead role in over 150 energy transition transactions that are reshaping the future of the US power grid amid rising demand for resilient and sustainable energy solutions.
