Daniel P. Sinaiko co-heads Akin Gump’s global project finance practice. Mr. Sinaiko focuses on project development and finance, with particular emphasis on infrastructure project financings, debt financings, and mergers and acquisitions.

Practice & Background

Mr. Sinaiko primarily represents developers, sponsors, lenders and investors in development, debt finance, equity finance, and merger and acquisition transactions for capital and infrastructure projects in the renewable energy sector.

Mr. Sinaiko received his B.A. cum laude from the University of Rochester in 1997 and his J.D. from Emory University School of Law in 2000.

Representative Matters

Mr. Sinaiko’s recent engagements include:

  • representation of project companies in the development and financing of the 392-MW Ivanpah Solar Energy Generating System in San Bernardino County, California, including negotiation of, and advice on, various project arrangements and $2.2 billion financing, including $1.6 billion in construction and permanent debt guaranteed by the U.S. Department of Energy under the Innovative Technology Loan Guaranty Program
  • representation of project companies in the development and financing of the 845-MW Shepherds Flat Wind Farm in central Oregon, including negotiation of power purchase agreements with Southern California Edison Company and $2 billion financing, including $1.3 billion in construction and permanent debt guaranteed in part by the U.S. Department of Energy under the Financial Institution Partnership Program
  • representation of SunPower Corporation and NRG Energy in connection with the financing of the California Valley Solar Ranch, a 250-MW solar (PV) project located in San Luis Obispo, California; financing of this project included a $1.237 billion construction and permanent loan guaranteed by the U.S. Department of Energy
  • representation of Abu Dhabi Water and Electric Company in connection with tender, development and financing of the 1,177 MW Sweihan Photovoltaic Independent Power Project located in the Emirate of Abu Dhabi, including advice on solicitation process, offtake agreement, construction and operational contracting, site control documentation and $870 million debt and equity project financing
  • representation of the sponsor in the development and financing of the 102 MW Henrietta Solar Energy Project in Kings County, California, including negotiation of, and advice on, various project documents and $372 million financing, including approximately $250 million in construction, term and letter of credit financing
  • representation of the sponsor in the development and financing of two 54 MW photovoltaic solar energy projects in Kern County, California, including negotiation of, and advice on, various project documents and $309 million in financings, including a $145 million in construction loan facilities which are term-convertible to backleverage, a $22 million letter of credit facility and a $130 million of tax equity bridge facilities to $134 million in tax equity commitments
  • represent investor in $100mm tax equity commitment for residential solar portfolio
  • representation of the sponsor in the development and financing of the 108 MW Quinto Solar Energy Project in Merced County, California, including negotiation of, and advice on, various project documents and $457 million financing, including $377 million in construction, term and letter of credit financing
  • representation of the sponsor in the development and financing of the 52 MW Hooper Solar Energy Project in Alamosa County, Colorado, including negotiation of, and advice on, various project documents and $142 million financing, including $53 million in construction, term and letter of credit financing
  • represent developer in $140 million back-levered credit facility for portfolio of residential solar projects located throughout the United States
  • represent investor in $101 million tax equity commitment for portfolio of residential solar projects located throughout the United States
  • representation of GlassPoint Solar in connection with the development and financing of the 850 MWt/25 MWe Tulare Solar enhanced oil recovery project for the Belridge oilfield located near Bakersfield, California, including structuring and negotiation of solar energy supply, carbon credit sale, site control, construction contracting, debt and tax equity arrangements
  • representation of the sponsor in $63mm residential solar portfolio financing, including back-leverage loan and letter of credit facility and contemporaneous strategic equity financing
  • represent lender in $70 million mezzanine loan facility to US based commercial and industrial solar developer
  • representation of private equity fund in acquisition and combination of small scale utility solar developer with 400 MW development pipeline and commercial and small utility scale developer with a pipeline of over 100 operating projects throughout the United States, including structuring, negotiation and documentation of purchase and combination
  • advised seller in the disposition of a 15 MW geothermal energy generating plant located in Fallon, Nevada
  • representation of residential solar developer in creation of $58 million tax equity fund for a portfolio of residential solar projects
  • representation of SunPower Corporation in the sale and financing of the Kalaeloa Solar Two 5 MW photovoltaic project located in Oahu, Hawaii. The project sells power to the Hawaiian Electric Company and, as of completion, was the largest solar project in the State of Hawaii. The purchaser utilized a construction loan in conjunction with tax equity financing to acquire the project. The project benefits from the federal solar investment tax credit and the Hawaii Renewable Energy Technologies Income Tax Credit
  • representation of developer in negotiation and documentation of sale leaseback tax equity transaction for 11 MW portfolio of commercial photovoltaic solar projects
  • representation of project companies in the negotiation of 1.17 GW of wind turbine supply arrangements for the Alta Wind Energy Center in Tehachapi, California
  • representation of John Deere Renewables in the acquisition of two wind energy generating facilities in Huron County and Sanilac County, Michigan, aggregating to approximately 150 MW of capacity
  • representation of Ram Power in the negotiation of power purchase agreements with Southern California Edison for the sale of energy from geothermal projects with a capacity of up to 150 MW to be installed in the southwestern United States
  • representation of a project company in the development of a 30-MW solar photovoltaic plant for a municipal utility in the southwestern United States
  • representation of an acquirer/tax equity investor in the 200-MW White Creek Wind Project in central Washington
  • representation of the purchaser in an acquisition and tax equity sale-leaseback financing of a utility scale photovoltaic solar plant in the eastern United States
  • representation of tax equity investors in the negotiation and consummation of commitments to purchase commercial and residential solar projects aggregating to more than $500 million
  • representation of developers in the creation of residential solar programs and the negotiation and consummation of portfolio tax equity commitments
  • representation of an EPC contractor in contracts to install up to 4 MW of rooftop photovoltaic projects throughout the United States.

Awards & Accolades

Mr. Sinaiko was named as one of Law360’s five top project attorneys under 40 in 2012.

Speaking Engagements

  • Valuation Issues for the Clean Energy and Power Industry, VALCON 2017 in Las Vegas, NV, March 2, 2017
  • Financing Solar in Emerging Markets: How International Capital is Being- and Will Be - Put to Work Building a Global Solar Industry, Solar Power International in Las Vegas, NV, September 16, 2016
  • The Current State of Debt, REFF Wall Street in New York, NY, June 25, 2015
  • Fast Track Financing For One Megawatt Commercial Customers, PV America East in Philadelphia, PA,  February 5, 2013
  • Impact of Subsidy Uncertainties on Traditional Structures, Renewable Energy Finance conference in San Francisco, CA, December 2012
  • Competing in the Distributed Solar Markets of the Future, Distributed Solar Summit conference in San Diego, CA, November 2012
  • Reducing Soft Cost Through Standardization, Distributed Solar Summit conference in San Diego, CA, November 2012
  • Power Purchase Agreement Telebriefing, the Law Seminars, September 2012.
  • Project Financing: Accessing the Full Stack, Asia Pacific Clean Energy Summit and Expo, Honolulu, Hawaii, August, 2012
  • Financing and Deal Structures for Wind and Renewables Projects: Current Tools and Techniques, Wind, Solar and Storage Conference in Austin, Texas, February 2012
  • PPAs versus Leases, Novogradac Financing Renewable Energy Conference, San Francisco, California, April 2010
  • Photovoltaic Projects for Utilities, San Francisco, California, February 2010
  • Solar Power Generation USA Conference, Las Vegas, Nevada, January 2010
  • Solar Power Purchase Agreements Webinar, November 2009
  • Solar Power Project Development Conference, San Diego, California, October 2009
  • PPAs versus Leases, Novogradac Financing Renewable Energy Conference, San Francisco, California, April 2010
  • Photovoltaic Projects for Utilities, San Francisco, California, February 2010
  • Solar Power Generation USA Conference, Las Vegas, Nevada, January 2010
  • Solar Power Purchase Agreements Webinar, November 2009
  • Solar Power Project Development Conference, San Diego, California, October 2009
  • Utility Scale Solar Summit, San Diego, California, September 2009
  • Your Voice: Renewable Energy Development in the Sierra Nevada Region, Folsom, California, July 2009
  • California Clean Innovation Conference 2009, San Diego, California, May 2009
  • Solar Development & Finance Tutorial, San Diego, California, November 2008 Solar Power Project Development and Finance Tutorial, San Francisco, California, July 2008 Utility Scale Solar Finance & Investment Summit, San Diego, California, November 2008.