Art Scavone

Partner, New York


“He is universally acknowledged as one of the strongest project finance lawyers practicing in the USA.”
Chambers Global 2017


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 power plants, liquefied natural gas (LNG) facilities, petrochemical facilities, pipelines, oil and gas concessions, mines, renewable energy facilities and transmission lines.

Representative projects in the US include the financing of gas-fired power plants in Texas and Pennsylvania, coal-fired power plants in Pennsylvania, North Carolina, Virginia and Texas, and renewable energy facilities in Texas, California, Iowa, Illinois, Missouri and Kansas. 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 fourteen years, Chambers Global 2017 ranked him Band 1 for the sixteenth 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 Finance Group, the Firm has achieved a Band One Project Finance ranking in Chambers Global for eleven 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


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.

Dilles Bottom
Representation of the lenders, including KEXIM, K-Sure and NEXI, in the development of a greenfield petrochemical complex in Dilles Bottom, Ohio, comprised of an ethane cracker and production units for High Density Polyethylene, Mono Ethylene Glycol and Ethylene Oxide.

Pacific Northwest LNG
Representation of Pacific Northwest LNG in connection with the project financing of a proposed natural gas liquefaction and export facility in British Columbia, Canada.

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.

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.

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

Panda Temple I Refinancing
Representation of Goldman Sachs in connection with the original financing and the refinancing of the 758 MW natural gas-fired, combined-cycle Panda Temple I power project located in Temple, Texas.

Panda Sherman Refinancing
Representation of Beal Bank and Jefferies in the US$360 million refinancing of the Panda Sherman Energy Center in the City of Sherman, Texas, owned by Panda Sherman Power, LLC. He originally represented Goldman Sachs and Credit Suisse as mandated lead arrangers in connection with the original project financing of the 758 MW natural gas-fired, combined-cycle Panda Sherman project.

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.

Post Rock Wind
Representation of a consortium of commercial banks in connection with the project financing of the 201 MW Post Rock wind farm in Kansas.

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

Tier 1, Projects, Chambers Global 2017

Tier 1, Projects, Chambers USA 2017

Leading Lawyer, Project Finance, The Legal 500 2017