As a leading advisor to clients in the wind industry, Akin Gump Strauss Hauer & Feld LLP is recognized not only for our extensive legal capabilities, but also for our deep understanding of the sector. Akin Gump attorneys include the former president and current board member of the American Wind Energy Association, the former CEO of one of the world’s largest wind energy developers and turbine manufacturers, and the former head of the project finance group of one of the world’s leading investment banks and one of the leading tax practitioners in the renewable energy area.
In this highly regulated, rapidly changing industry, Akin Gump is a true partner to our clients. To provide clients with comprehensive counsel, our project attorneys are able to draw upon the firm’s industry-leading practices in the areas of energy, private equity funds, mergers and acquisitions, tax, and policy and regulation. We regularly represent the foremost project sponsors and developers, commercial and investment banks and other financial institutions, private equity funds, investors, manufacturers, technology companies, contractors, tribal governments, sovereign nations and other participants in the sector.
Akin Gump attorneys have worked on many of the world’s most significant wind projects, including:
- representation of Northleaf Capital as the equity provider in the financing of a utility-scale wind project in Texas known as “Cotton Plains,” in which the offtake was arranged through a hedge product known as a “proxy revenue swap” or “revenue proxy”; this transaction was nominated for “Renewable Energy Deal of the Year for 2017” by Project Finance Magazine
- representation of WindHQ in connection with Falvez Astra wind farm tax-equity transaction, with GE and BNP Paribas as tax-equity investors – the deal was a finalist for Power Finance & Risk’s 2016 Renewable Generating Project Finance Deal of the Year
- representation of RBC as the tax equity provider for the Buckthorn Wind project in Texas, which was subject to both a hedge agreement and a corporate power purchase agreement with JP Morgan for the offtake of the power from the wind project
- representation of SunEdison and TerraForm in a multistage acquisition of operating wind and hydroelectric generating and other renewable energy projects that are in development or construction by Renova Energia that could result in SunEdison and TerraForm’s acquisition of more than 2.2 gigawatts of installed power in Brazil
- representation of the Abu Dhabi National Energy Company in its first renewable energy investment in North America, a 50 percent interest in a 205.5 MW wind farm in Minnesota that sells power to Indianapolis Power Light.