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  1. Capabilities

Project Finance

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  • Overview
  • Experience
  • Related Insights & News
  • Key Contacts

    Alan HoffmanMichael E. PikielRichard P. Puttré
    View Our Full Team

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    Winston is well regarded for our deep and broad experience working on project finance transactions in the United States, Latin America, Europe, and other regions. Our experience includes numerous award-winning, complex deals and projects—often involving aggressive time frames and inventive solutions to help manage risk. Our “trusted, intelligent, and diligent” (The Legal 500 US 2023) practitioners represent public and private lenders, project sponsors and developers, equity investors, offtakers, and other project counterparties and stakeholders in connection with a broad range of investments and non-recourse/limited recourse financings.

    Our experience covers a multitude of project types, including digital infrastructure; mining; oil and gas; power and transmission; social and commercial buildings; sports, stadiums, and entertainment venues; transportation and mass transit; and water and wastewater. We also have deep experience with public-private partnerships (PPPs or P3s), as well as project bonds. In addition, we have extensive capabilities regarding single-project and project-portfolio acquisitions and dispositions.

    Clients rely on our attorneys to provide innovative thinking and a deep understanding of the market standards and commercial factors that impact all aspects of projects, including the related financial, contractual, and regulatory issues. We add value to our clients’ project finance transactions through tax-advantaged asset transfers, hedging strategies, and specialized tax-sensitive deal structures, such as like-kind exchanges.

    We regularly play active roles in coordinating with other project professionals, such as independent engineers, financial advisors, environmental consultants, as well as consultants in fuel supply, power marketing, and insurance. Our ability to integrate the various aspects of each project effectively and provide the appropriate legal team ultimately enhances the efficiencies and value that we provide our clients.

    Furthermore, our successes working on cutting-edge and innovative deals across a wide range of structures and geographic regions, combined with our attorneys’ experience advising on some of the world’s leading projects, position us to deliver the essential skillsets, knowledge, and relationships to advise on all phases of a project successfully—from inception to completion.

    Key Contacts

    Alan HoffmanMichael E. PikielRichard P. Puttré
    View Our Full Team

    Related Capabilities

    Finance
    Real Estate
    Tax
    Energy
    Energy Transition
    Infrastructure
    Oil & Gas
    Power & Transmission
    Sports
    Latin America & Caribbean
    Europe

    Recent Experience

    NTE3 Series 2025A Bonds
    E-Bus Deal Financing in Chile
    NTE Mobility Partners Segments 3 LLC US$221M Senior Financing Transaction
    John Laing Increases Stake in Denver Eagle P3 Project
    Axium Infrastructures’s Acquisition of a 375-mile Electric Power Transmission System in Texas

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    Notable

    “One of the few firms to have such vast experience over P3s in the U.S.”

    The Legal 500 US 2023

    Mike Pikiel Named to 2023 Project Finance Editorial Advisory Board

    Law360

    Puerto Rico Toll Roads Monetization Project Named “North America PPP Deal of the Year”

    Proximo America 2023

    “Winston & Strawn can take complex issues and boil them down to pragmatic solutions.”

    Chambers USA 2023

    Ranked Tier 1 Nationally in Project Finance Law

    Best Law Firms® 2025
    The Legal 500 US 2023

    “One of the few firms to have such vast experience over P3s in the U.S.”

    Law360

    Mike Pikiel Named to 2023 Project Finance Editorial Advisory Board

    Proximo America 2023

    Puerto Rico Toll Roads Monetization Project Named “North America PPP Deal of the Year”

    Chambers USA 2023

    “Winston & Strawn can take complex issues and boil them down to pragmatic solutions.”

    Best Law Firms® 2025

    Ranked Tier 1 Nationally in Project Finance Law

    Client SuccessWinston Infrastructure Team Closes First-Of-Its-Kind Climate Resiliency Project
    Lauded as a first-of-its-kind in the North American infrastructure market and among the largest climate change/resiliency projects in the world, Winston represented the underwriters, lenders, swap providers, and note purchasers in connection with the Fargo-Moorhead Metropolitan Area Flood Risk Management Project.
    Read More
    Client SuccessWinston Infrastructure Team Closes First-Of-Its-Kind Climate Resiliency Project
    Lauded as a first-of-its-kind in the North American infrastructure market and among the largest climate change/resiliency projects in the world, Winston represented the underwriters, lenders, swap providers, and note purchasers in connection with the Fargo-Moorhead Metropolitan Area Flood Risk Management Project.
    Read More
    In the MediaAlan Hoffman Discusses the University of Texas’ Moody Center in Sports Business Journal
    Alan Hoffman, partner and chair of Winston & Strawn’s Project Finance Practice, discussed the University of Texas’ Moody Center in a conversation with Sports Business Journal.
    Read More
    In the MediaAlan Hoffman Discusses the University of Texas’ Moody Center in Sports Business Journal
    Alan Hoffman, partner and chair of Winston & Strawn’s Project Finance Practice, discussed the University of Texas’ Moody Center in a conversation with Sports Business Journal.
    Read More

    Related Insights & News

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    Recognitions
    Winston Merits 99 Tier 1 Rankings in the 2026 Edition of Best Law Firms®

    November 6, 2025

    Recognitions
    Winston & Strawn Ranked in The Legal 500 Latin America 2026

    November 3, 2025

    Recognitions
    Winston & Strawn Paris Office Recognized in the Inaugural Edition of Best Law Firms® France

    October 23, 2025

    Recognitions
    Winston & Strawn Recognized at the 2025 P3 Awards

    October 22, 2025

    Recognitions
    Winston & Strawn Recognized in 2026 Chambers Latin America Rankings

    August 21, 2025

    Recognitions
    Winston & Strawn Recognized as Best Law Firm Florida: Corporate by Leaders League

    June 25, 2025

    Recognitions

    Winston & Strawn Recognized in The Legal 500 U.S. 2025

    June 12, 2025

    Recognitions
    Winston & Strawn Advised on IFLR’s 2025 M&A Deal of the Year for Grupo Calleja

    May 23, 2025

    Recognitions
    Winston Ranked Among the Top International Law Firms Representing Latin America’s Largest Banks in LACCA 2024 Survey

    May 14, 2025

    Recognitions
    Winston Attorneys Featured on the 2025 Lawdragon 100 Lawyers You Need to Know in South America List

    March 21, 2025

    Recognitions
    Winston & Strawn Advised on Four Winning Deals Recognized at IJGlobal’s 2024 Awards Gala

    March 13, 2025

    Article
    A League of Its Own: Sport Stadium as Significant Asset Class for Private Capital Investors
    November 18, 2025
    Recognitions
    Winston Merits 99 Tier 1 Rankings in the 2026 Edition of Best Law Firms®
    November 6, 2025
    Recognitions
    Winston & Strawn Ranked in The Legal 500 Latin America 2026
    November 3, 2025
    Recognitions
    Winston & Strawn Paris Office Recognized in the Inaugural Edition of Best Law Firms® France
    October 23, 2025
    Recognitions
    Winston & Strawn Recognized at the 2025 P3 Awards
    October 22, 2025
    Recognitions
    Winston & Strawn Recognized in 2026 Chambers Latin America Rankings
    August 21, 2025
    Recognitions
    Winston & Strawn Recognized as Best Law Firm Florida: Corporate by Leaders League
    June 25, 2025
    Recognitions

    Winston & Strawn Recognized in The Legal 500 U.S. 2025

    June 12, 2025
    Recognitions
    Winston & Strawn Advised on IFLR’s 2025 M&A Deal of the Year for Grupo Calleja
    May 23, 2025
    Recognitions
    Winston Ranked Among the Top International Law Firms Representing Latin America’s Largest Banks in LACCA 2024 Survey
    May 14, 2025
    Recognitions
    Winston Attorneys Featured on the 2025 Lawdragon 100 Lawyers You Need to Know in South America List
    March 21, 2025
    Recognitions
    Winston & Strawn Advised on Four Winning Deals Recognized at IJGlobal’s 2024 Awards Gala
    March 13, 2025
    View All Insights & News
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