Akin Gump Named Best Legal Adviser – Tax Equity at IJInvestor Awards
(Washington, D.C.) – Akin Gump has been named Best Legal Adviser – Tax Equity at IJGlobal’s IJInvestor Awards 2020.
The firm was recognized for advising on more than $113.5 billion in energy transactions alone during the award period from April 2019 through March 2020. That included representing SunTrust Bank in its tax equity investment in the Holstein solar project, a 200MW solar park located in Nolan County, Texas, which IJGlobal reports was one of SunTrust’s first tax equity investments and the first tax equity transaction on a solar hedge offtake in the market.
Speaking of the transaction, John Marciano, co-head of Akin Gump’s global project finance practice, told IJGlobal, “As the real money moves into the market and the industry comes into its own, the players are unwilling to give up the potential upside that comes with a long-term, fixed-price offtake agreement. Holstein is a good example. A short-tenured hedge – the first large-scale hedge deal to be built.”
The Holstein project has been recognized previously this year, including separate shortlistings for Project Finance & Risk’s Renewable Energy Deal of the Year award (click here to learn more) and IFLR1000’s United States Awards in the Deal of the Year: Projects category (click here to learn more).
Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers and advisors in offices throughout the United States, Europe, Asia and the Middle East. Founded in 1945, the firm is proudly celebrating its 75th anniversary in 2020. #AkinGump75
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People Recognized
