Art Scavone

Partner, New York


“He is universally acknowledged as one of the strongest project finance lawyers practicing in the USA.”
Chambers Global


Art Scavone is a senior project finance lawyer with extensive experience in international and domestic projects.

Clients who benefit from Art's considerable experience include sponsors, commercial banks, underwriters, institutional investors, export credit agencies, and other bilateral and multilateral agencies. Of particular note is his recent work in the US power sector, where he has been representing lead arrangers in term loan B transactions, as well as his international work, where he has been representing large groups of export credit agencies in complex emerging market project financings.

With over 30 years of project finance experience, clients come to Art for advice relating to a diverse range of projects, including renewable energy facilities, thermal power plants, liquefied natural gas (LNG) facilities, petrochemical facilities, pipelines, oil and gas concessions, mines and transmission lines.

Representative projects in the US include the financing of wind farms in Texas, California, Iowa, Illinois, Missouri and Kansas, gas-fired power plants in Texas and Pennsylvania and a shale-related gas facility in the Marcellus Shale region. Internationally, he has assisted clients in the financing of an LNG facility in Russia, a petrochemical facility in Qatar, a nitrogen plant in Mexico and a gas-to-liquids facility in Trinidad and Tobago.

Leading industry publications continually rank him as one of the premier project finance law practitioners. In addition to his Band 1 ranking in Chambers USA for the last sixteen years, Chambers Global 2019 ranked him Band 1 for the eighteenth year in a row. U.S. News & World Report - Best Lawyers 2017 named Art "Lawyer of the Year" for project finance law, and in 2017 Legal 500 elected Art as one of only three project finance practitioners in the United States to its inaugural Hall of Fame.

During his tenure as Global Head of the Project Development and Finance Group, the Firm has achieved a Band One Project Finance ranking in Chambers Global for fourteen consecutive years.

Art practiced out of the White & Case Tokyo office from 1987 to 1989.

Bars and Courts
New York State Bar
New Jersey State Bar
Fordham University School of Law
Accounting and Business Administration
Muhlenberg College


Various Renewable Facilities
Representation of various lenders in connection with the project financing of numerous wind farms, including the Post Rock wind farm in Kansas, the Bishop Hill I wind farm in Illinois, the Texas Gulf wind farm in Texas, the South Trent wind farms in Texas, the Lost Creek wind farms in Missouri, the Horse Hollow wind farm in Texas, the Callahan Divide wind farm in Texas and the American Wind and National Wind wind farm portfolios developed by Nextera in various states.

US Methanol Project
Representation of the lenders in the ongoing US$ multibillion project financing of a proposed ethane cracker and downstream derivatives units in the Marcellus/Utica region of the US.

Chilean Project
Representation of a confidential client who provided mezzanine financing to support the construction in Chile of (i) a photovoltaic solar power project; (ii) a combined cycle gas-fired power plant; (iii) an LNG regasification terminal; and (iv) related pipelines and transmission lines.

Homer City
Representation of Morgan Stanley as lead arranger in connection with the exit financing for the Homer City coal-fired power project in Pennsylvania.

North American Power
Representation of Macquarie Capital as lead arranger under a US$305 million project financing in connection with WG Partners Acquisition, LLC's acquisition of a portfolio of power generation assets.

Representation of Polyvin (Alberta) LLC in connection with the development and financing of a proposed polypropylene facility in Strathcona County, Alberta, Canada.

Yamal LNG
Representation of US Ex-Im Bank, UKEF, EKN, Hermes, COFACE, SACE, KEXIM, K-Sure, China Eximbank, JBIC, NEXI, VEB and EXIAR, as well as the international commercial bank group, in connection with the proposed project financing of a three-train LNG facility in Yamal, Russia being developed by OAO Novatek, Total SA and China National Petroleum Corporation.

Panda Power Projects
Representation of the lenders in connection with the project financing of eight separate gas-fired power plants in the ERCOT and PJM regions.

One Nevada Transmission
Representation of Great Basin Transmission South, LLC, a special purpose entity formed by LS Power, in the development and project financing of the 235-mile, 500-kilovolt One Nevada transmission line project that will extend from northern Nevada to an area outside of Las Vegas in southern Nevada.

Awards and Recognition

Senior Statespeople: Projects – Nationwide, Chambers USA 2020

Band 1: Projects (USA), Chambers Global 2019

Leading Lawyer, Project Finance, The Legal 500 2019