Nachrichten June 12, 2014

Shearman & Sterling Named 'Sustainable Development Industry Law Firm of the Year—USA'

Shearman & Sterling’s exceptional work for clients on sustainable development matters has been recognized by Acquisition International, which named the firm “Sustainable Development Industry Law Firm of the Year—USA” at the 2014 M&A Awards.

Shearman & Sterling’s dedicated Sustainable Development Group brings together market-leading practices from across the firm, including Project Development & Finance, Mergers & Acquisitions, Tax, Real Estate, Environmental, Investment Funds, Capital Markets and Litigation. The group leverages, for the benefit of clients throughout the globe, knowledge and experience from across a wide breadth of renewable resource sectors.

Some examples of the firm’s recent work include:  acting as counsel to the lenders in phases 2 and 3 of the Sempra Copper Mountain solar project, one of the largest PV solar plants in the US; acting as counsel to GE Energy Financial Services in its equity investment in LS Power’s Arlington Valley solar project; acting as counsel to Borealis in its acquisition of a 49% equity shareholding in a portfolio of wind farm assets in the US from EDP Renováveis, the world’s third largest wind energy company; acting as counsel to the lenders and placement agents with respect to the financing of four ConEd solar projects; and acting as counsel to Abengoa Solar in its joint venture with BrightSource to develop a 500 MW solar generating system in California, which is expected to be the largest solar tower facility in the world.