Project Finance & Development
Bringing deep experience in industry and government, O’Melveny works closely with clients on a full range of complex and often high-profile matters critical to the success of project finance and development. Our innovative, collaborative approaches have helped our clients achieve a number of “first ever” and “largest ever” transactions, including the largest public financing of infrastructure investment in US history, totaling over US$11 billion.
Our ranks include veteran executive branch and Capitol Hill policymakers, including a former Secretary of Transportation, and former senior officials of the Federal Trade Commission and the US Departments of Commerce and Justice.
We counsel all industry participants —including public and private owners, equity and other investors, operators, project sponsors, developers, and pension funds, investment and commercial banks, institutional lenders, and government entities—on traditional offtaker-based, merchant and hedge-based project financings, infrastructure financings (including tax-exempt), development matters, acquisitions and dispositions, PPP ventures, and regulatory compliance and restructuring matters.
- Energy, including clean and renewable energy, as well as fossil-fueled, nuclear and other conventional energy sources
- Manufacturing and other industrial facilities
- Oil and gas, resources and mining
- Ports, rail, roads, maritime transport, shipping and logistics
- Stadiums and arenas
- An acknowledged market leader in project finance in the US and globally, we are one of the few US law firms licensed to practice Hong Kong law and have extensive experience advising clients on Hong Kong listings and regional matters.
Anschutz Entertainment Group (AEG)O’Melveny advised AEG on the negotiation of the master leases and counseled in the financing, development, and operating structure for the US$1.5 billion L.A. LIVE Project, a sports and entertainment center in downtown Los Angeles, which includes office, retail, hotel, and entertainment components. Read
Bloom Energy CorporationO’Melveny represented Bloom Energy in its equity financing by Exelon Corporation of a portfolio of base load fuel cell electricity generators with 21 megawatts of capacity to be located at 75 commercial facilities in the states of California, Connecticut, New Jersey, and New York. Read
Building EnergyO’Melveny has advised Building Energy in its development of several renewable energy (including solar and wind) projects and concurrent construction and tax equity financing related thereto. Read
California High Speed Rail AuthorityO’Melveny represented the CHSRA in the negotiation of the system-wide master agreements between CHSRA and the Union Pacific Railroad that will enable development and operation of the California High Speed Rail Project. Read
Macquarie Infrastructure CompanyO’Melveny advises Macquarie on multiple matters, including its acquisition and financing of renewable energy projects, toll roads, and airport assets. Read
Ontario Airport AuthorityO’Melveny represented the airport authority in an historic transaction enabling the airport’s transfer from the City of Los Angeles to the authority. Read
Port of OaklandO’Melveny represented the Port of Oakland (the Port), the third busiest port on the US West Coast, in connection with developing, negotiating, and implementing its landmark 50-year concession with Ports America Outer Harbor Terminal, LLC. Read
SteelRiver Infrastructure PartnersA multidisciplinary team of O’Melveny lawyers represented SteelRiver Infrastructure Partners in its US$720 million acquisition of the natural gas distribution business of EQT Corporation (Equitable) by PNG Companies LLC, an affiliate of Peoples Natural Gas Company LLC (Peoples), a portfolio company of SteelRiver. Read
Tax Equity InvestorsO’Melveny regularly advises most of the tax equity investors involved in the clean and renewable energy space in the United States, including affiliates of Berkshire-Hathaway, Citibank, Goldman Sachs, JPMorgan, Morgan Stanley, MUFG Union Bank of California and Santander. Read
Two Major Financial InstitutionsO’Melveny represented two major financial institutions in connection with their commitment to acquire preferred equity interests in the US$273 million Fowler Ridge 4 wind power project. Read
United Airlines, Inc.O’Melveny advised United Airlines in a US$750 million bond to finance the international passenger terminal at EWR in Newark, New Jersey. Read
- Apollo Global Management
- Berkshire-Hathaway Energy
- Bloom Energy Corporation
- Building Energy
- California High-Speed Rail Authority
- JP Morgan
- Morgan Stanley
- Macquarie Infrastructure Company
- MUFG Union Bank of California
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