White & Case
  Project Finance

White & Case is one of the leading global law firms for project finance transactions. With more than 200 dedicated project finance lawyers located in offices around the globe, our Global Project Finance Practice offers market-leading experience advising on legal matters related to project structuring and development, financing, government regulation, construction and other contract issues across every sector, including:

  • Power generation and transmission (including nuclear energy and all forms of renewable energy)
  • Oil and gas (including liquefied natural gas (LNG) and petrochemicals)
  • Infrastructure (including roads, airports, bridges, railways and ports)
  • Mining and metals
  • Water and wastewater treatment
  • Telecommunications (including wireless, landline and satellites)

We represent clients including sponsors, commercial banks and governmental lenders, as well as multilateral and bilateral agencies, on every type of transaction from complex international co-financings to capital markets-based project financings to Islamic financings. Our lawyers have unrivaled insight into local business customs, labor practices and laws in multiple jurisdictions, enabling us to provide local depth to match our global breadth.

More Than Just Lawyers
With extensive experience bringing a wide range of projects to completion, we provide more than just legal counsel; we provide business and strategic advice, and we can structure, negotiate and document the full array of project and financing agreements to suit each client's specific needs. Our team can help identify market, revenue, production, political and other risks, propose methods to mitigate those risks and advise on ways to minimize or reduce liabilities.

Significant Global Footprint
Due to the deep experience of our project finance lawyers from around the world, we can provide New York, English, Islamic and local law advice and unparalleled insight into local markets to give our clients a competitive advantage, allowing them to benefit from knowing what only insiders typically know about business customs and conditions in local markets. Our project finance lawyers are located in:

  • Abu Dhabi
  • Almaty
  • Ankara
  • Beijing
  • Bucharest
  • Doha
  • Düsseldorf
  • Hong Kong
  • Johannesburg
  • London
  • Mexico City
  • Miami
  • Moscow
  • New York
  • Paris
  • Prague
  • Riyadh
  • São Paulo
  • Singapore
  • Tokyo
  • Warsaw
  • Washington, DC

Independent View
Legal directories and the industry press consistently recognize our Global Project Finance Practice as a market leader. White & Case ranked first among US-based law firms worldwide in the dollar value (US$20.1 billion) of closed global project finance transactions in 2011, according to Dealogic. In addition, our Project Finance deals have won more than 68 "deal of the year" awards from the industry press from 2009 to 2012.

Recent accolades include:

  • Band 1 Ranking For Projects (Global) – Chambers Global, 2012
  • Band 1 Ranking for Projects & Energy (Africa) – Chambers Global, 2012
  • Band 1 Ranking for Projects & Energy: Mining & Minerals (Africa-wide) – Chambers Global, 2012
  • Band 1 Ranking for Projects & Infrastructure (China) – Chambers Global, 2012
  • Band 1 Ranking for Projects (Europe-wide: Central & Eastern Europe) – Chambers Global, 2012
  • Band 1 Ranking for Projects (Latin America) – Chambers Global, 2012
  • Band 1 Ranking for Projects (Mexico) – Chambers Global, 2012
  • Band 1 Ranking for Projects (United Kingdom) – Chambers Global, 2012
  • Band 1 Ranking for Projects: Power (United States) – Chambers Global, 2012
  • Band 1 Ranking for Projects: PPP (United States) – Chambers Global, 2012
  • Band 1 Ranking for Projects (Latin America) – Chambers Latin America, 2012
  • Tier 1 Ranking for National: Project Finance Law – U.S. News – Best Lawyers, 2011-2012
  • Tier 1 Ranking for National: Energy Law – U.S. News – Best Lawyers, 2011-2012
  • Tier 1 Ranking for US Project Finance – IFLR 1000, 2010
  • Tier 1 Ranking in Project Finance: Advice to Sponsors – Legal 500 – United States, 2011
  • Tier 1 Ranking in Projects, Energy & Natural Resources: Mining & Minerals – Legal 500 – United Kingdom, 2011
  • Tier 1 Ranking in Projects Energy & Natural Resources: Oil & Gas – Legal 500 – United Kingdom, 2011

Unparalleled Experience

Barzan Gas Project — Largest Single Financing Project Ever Undertaken in Qatar
Representation of Qatar Petroleum and Exxon Mobil as sponsors on the successful closing of its US$10.3 billion Barzan Gas Project in Ras Laffan Industrial City, the largest single financing project ever undertaken in Qatar. This deal was selected as "2011 Middle East and Africa Oil & Gas Deal of the Year" by Project Finance International magazine, as one of the "Best Deals of 2011" by Global Trade Review magazine, and as "2011 Middle East Oil & Gas Deal of the Year" and "2011 Global Deal of the Year" by Project Finance magazine.

Gebze Power Plant in Turkey — Triple Award-Winning Power Project
Representation of the Turkish lead arrangers in connection with a US$700 million term loan facility and an US$80 million letter of guarantee facility to project finance the development and operation of an 865 MW gas-fired, combined-cycle power plant within the Kocaeli-Gebze VI IMES OIZ industrial zone in Gebze, Turkey. Total project costs were estimated to be US$1 billion. This deal was selected as "2011 Turkish Deal of the Year" by Project Finance International magazine, as "2011 European Power Deal of the Year" by Project Finance magazine, and as "2011 Power Deal of the Year" by Infrastructure Journal.

Embraport — Relieving Congestion at Brazil's Largest Port
Representation of Caixa Econômica Federal as a senior lender in its provision of a US$335 million loan to Embraport Empresa Brasileira de Terminais Portuários S.A. for the construction and operation of a greenfield mixed-use port terminal to be located in the Port of Santos, Brazil. The total project cost is US$1.1 billion. This deal was selected as "2011 Americas Transport Deal of the Year" by Project Finance International magazine, as "2011 Latin American Transport Deal of the Year" by Project Finance magazine, as "2011 Project Finance Deal of the Year" by Latin Lawyer magazine, and as "2011 Americas Project Finance Deal of the Year" by International Financial Law Review.

Tours to Bordeaux High-Speed Railway — One of Europe's Most Important Infrastructure Investments in the Past 20 Years
Representation of the lenders to a consortium that was selected as the winning concessionaire for a €7.8 billion, 50-year concession to build and operate France's Sud Europe-Atlantique (LGV SEA) high-speed railway line. The project, which will connect Tours and Bordeaux through a 303-kilometer high-speed rail link, is the largest project finance deal to be awarded in the French railway sector and is the first contract concluded with a French state guarantee provided under the new French recovery plan. White & Case represented nine commercial banks, the European Investment Bank and the Caisse des dépôts et consignations on the common financial documentation, project contracts and all legal aspects of the project from the preparation of the consortium's bids to financial closing. This deal was selected as "2011 Europe Rail Deal of the Year" by Project Finance International magazine, as "2011 European Rail Deal of the Year" by Project Finance magazine, and as "2011 Transport Deal of the Year" by Infrastructure Journal.

GMR Energy (Singapore) — First Greenfield Independent Power Producer Financing In Singapore Since 2006
Representation of GMR Energy (Singapore) Pte. Ltd. (formerly known as Island Power Company Pte. Ltd.) on the approximately S$1 billion greenfield financing of an 800 megawatt power project in Singapore. This power station will be GMR's first IPP project outside of India. This transaction was selected as "2011 Asia-Pacific Merchant Power Deal of the Year" by Project Finance magazine.

French Eco-Tax Project — Innovative Public-Private Partnership Project
Representation of the lenders on an innovative public-private partnership (PPP) €1.9 billion financing to build and operate an electronic truck tolling system for French roads. The French Eco-tax project will use satellite tracking to charge trucks and other heavy vehicles using non-toll national roads. The project is expected to be fully operational nationally by 2013, following a three-month trial period in France's Alsace region. This deal was selected as "2011 Europe PPP Deal of the Year" by Project Finance International magazine and as "2011 European Transport Technology Deal of the Year" by Project Finance magazine.

One Nevada Transmission Line — First US Department of Energy Loan Guarantee for a Transmission Project
Representation of Great Basin Transmission South, LLC in connection with the sale by Great Basin of a 25 percent undivided interest to NV Energy in the One Nevada Transmission Line (ON Line) and the development and financing of Great Basin's 75 percent undivided interest in ON Line pursuant to a US$343 million US Department of Energy (DOE) loan guarantee, which was the first DOE loan guarantee for a transmission project. ON Line is a new 235-mile, 500-kilovolt alternating current transmission line that will carry approximately 600 megawatts of electricity from northern Nevada to an area outside of Las Vegas in southern Nevada. ON Line is the first phase of a larger project called the Southwest Intertie Project (SWIP) that, when completed, will carry 2,000 megawatts of power generated from wind, solar and geothermal sources from remote areas in Idaho, Nevada and Wyoming to users in Las Vegas, California and across the Southwestern US. Great Basin is a special-purpose entity formed by LS Power Associates, a power generation and transmission company.

C-Power — Largest Offshore Wind Financing
Representation of the European Investment Bank on its €450 million financing for the design, construction and operation of the second and third phases of a 325 MW offshore wind farm being developed by C-Power N.V. in the North Sea, 30 kilometers off the coast of Belgium, with a total project cost of approximately €1 billion. The C-Power financing represents a number of firsts: it is one of the largest financings to be closed in the offshore energy sector (comprising a total debt package of €1 billion); it is one of the first transactions where banks have financed the installation and operation of new generation 6 MW offshore wind turbines; and it has one of the longest tenures of any financing concluded in the offshore wind sector to date. This deal was selected as "2010 European Offshore Wind Deal of the Year" by Project Finance magazine, as "2010 Europe Renewables Deal of the Year" by Project Finance International magazine, and as "2010 Renewables Deal of the Year" by Infrastructure Journal.

Nord Stream Pipeline Project — Gas Pipeline Project Spanning 5 Countries
Representation of the joint venture project company, Nord Stream AG, and the sponsors on the construction and €7.4 billion financing of phase one and €2.5 billion financing of phase two of the development of two 1,220-kilometer subsea offshore gas pipelines which run from Russia to Germany through the Baltic Sea and the exclusive economic zones of Russia, Finland, Sweden, Denmark and Germany. This deal was selected as "2009 European Gas Deal of the Year" by Project Finance International magazine, as one of the "Best Deals of 2009" by Global Trade Review magazine, as "2010 European Midstream Oil & Gas Deal of the Year" by Project Finance magazine, and as "2010 Oil & Gas Deal of the Year" by Infrastructure Journal. As a result of White & Case's work on this groundbreaking project, our firm was selected as "2011 Infrastructure/Energy Team of the Year" by The Lawyer. Phase II of the Nord Stream project was selected as "2011 Europe Project Finance Deal of the Year" by International Financial Law Review.

Rabigh Independent Power Project (IPP) — Groundbreaking Deal and Triple Award Winner
Representation of the commercial and export credit agency lenders in connection with the US$2.5 billion, 1,200 MW heavy fuel oil-fired independent power project to be built for Saudi Electric Company and sponsored by ACWA Power International and Korea Electric Power Corporation in Rabigh, Saudi Arabia. This deal was selected as "2009 Middle Eastern Power Deal of the Year" by Project Finance International magazine, as "2009 Middle East Power Deal of the Year" by Project Finance magazine, and as one of the "Groundbreakers of 2009" by Islamic Finance Asia magazine.

Guelb II Mine Project — Deal of the Year
Representation of Société Nationale Industrielle et Minière (SNIM) of Mauritania in relation to the US$710 million multisourced financing (including Islamic finance, as well as export credit agency and development bank financing) for the expansion of the Guelb II mine and the construction of a new ore carrier port in Nouadhibou, Mauritania. This transaction was named as one of the "2009 Deals of the Year" by Trade Finance magazine.

Odebrecht Norbe VIII and Norbe IX Bank Financing — Triple Award-Winning Oil and Gas Drillship Project
Representation of Banco Santander, BNP Paribas and Société Générale, as lead arrangers, in the financing of the US$1.7 billion Odebrecht Norbe VIII and IX offshore oil drillships. This deal was selected as "2009 Latin American Upstream Oil & Gas Deal of the Year" by Project Finance magazine, as "2009 Americas Deal of the Year" by Project Finance International magazine, as "2009 South America Shipping Debt Deal of the Year" by Jane's Transport Finance magazine, and as "2010 Best Project Finance Deal" by LatinFinance magazine.

EASSy Undersea Cable — Telecom Interconnectivity for 21 African Countries
Representation of five development financial institutions – International Finance Corporation, European Investment Bank, KfW, Agence Française de Développement and African Development Bank – in connection with financing for the EASSy undersea telecom cable project, a landmark fiber-optic cable project that will connect 21 African countries to each other and the rest of the world with high-quality Internet and international communications services.