Counsel to Counsel - January 2008 - (Page 6) partnership at a glance Chadbourne & Parke LLP Chadbourne & Parke LLP’s project finance group has worked on transactions in more than 60 countries. Its lawyers advise on the development and financing of greenfield energy, transportation and other industrial projects. The firm has put a heavy emphasis in recent years into work on “clean” energy projects. Chadbourne has worked on many cutting-edge transactions including two in 2006 that were named “Power Deal of the Year” and “Environmental Deal of the Year” in the Americas by Project Finance International. Martin and Rosenzweig speak often, as the need arises, and Rosenzweig says he appreciates Martin’s focus on the issues that matter to the company. “Keith won’t go to the mat on an arcane legal point,” Rosenzweig says. “Financing one project at a time is painful, slow and expensive,” says Rosenzweig. “Financing multiple projects helps mitigate some of the risk for investors.” Currently, Chadbourne and UPC Wind are working on such a portfolio that includes “Financing one project at a time is painful, slow and expensive. Financing multiple projects helps mitigate some of the risk for investors.” Keith Martin, partner, focuses primarily on tax and project finance. He advised 154 companies in 2006 and worked on transactions in the United States and 10 foreign countries. He also lobbies Congress and the Treasury Department on policy issues. He is Peer Review Rated. Contact Keith at kmartin@chadbourne.com. Marissa L. Alcala, associate, focuses on representing multilateral agencies, commercial bank lenders and project developers in international and domestic project financings. She has worked on transactions in the United States, Latin America, Asia and Africa. Contact Marissa at malcala@chadbourne.com. Diversifying Risk, Maximizing Efficiency Besides responsiveness and knowledge, creativity is another factor that allows Chadbourne and UPC Wind to work so well together, according to Lim. “We are in the midst of a lot of financing and a lot of different projects,” says Lim. With advice from Martin, UPC Wind is exploring alternate ways to finance wind farms. Rather than financing them one farm at a time—such as UPC Wind did with the Hawaii development—it has begun to bundle together projects into serial portfolios. That maximizes the efficiency of financing and diversifies risk, making them more appealing to investors. several wind farms in the pre-construction phase in New York state, including the Prattsburgh project, which will generate 56 megawatts, the Cohocton project, which will generate 82.5 megawatts, and the Dutch Hill project, which will generate 42.5 megawatts. This growth and innovation have been the hallmarks of the relationship between the law firm and the company. “We’ve grown rapidly in the last five years, and this is an exciting place to be,” says Lim. “We’ve worked with a lot of outside counsel, and it’s been great working with Chadbourne & Parke.” Along with nimbleness, the businesspeople at UPC Wind are energetic and knowledgeable, according to Alcala. “They don’t need a lot of hand-holding,” says Alcala, who works with UPC Wind on the transactional aspects of deals. “They are highly skilled, and they know what they want to accomplish.” 06 LexisNexis® Martindale-Hubbell®
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