Haynes and Boone to Advise U.S. Energy Department on Alternative Energy Finance Transactions
October 29th, 2008 by Alternative Energy FoundationHaynes and Boone, LLP joins a select number of law firms that will represent the U.S. Department of Energy in project finance and other transactions that support the development of alternative sources of energy.
Washington (PRWEB) October 29, 2008 — Haynes and Boone, LLP joins a select number of law firms that will represent the U.S. Department of Energy (DOE) in project finance and other transactions that support the development of alternative sources of energy.
“We are thrilled and honored that the DOE has approved Haynes and Boone to act as Project Transactional Counsel for its alternative energy loan guarantee transactions,” said Herbert A. Glaser, partner in Haynes and Boone’s Projects Practice and lead lawyer for the firm’s DOE representation. “This represents an opportunity to assist the nation in achieving greater energy independence while being involved in some of the most important and cutting-edge transactions likely to occur in the alternative energy field.”
DOE’s Loan Guarantee Program, authorized by the Energy Policy Act of 2005, strives to encourage development of solar, wind, biomass, advanced fossil fuel, industrial energy efficiency, nuclear and other technologies intended to foster clean energy and energy independence. Loan guarantees can cover up to 80 percent of a qualifying project’s total cost. The program is a major initiative of the United States Government and is authorized to issue guarantees totaling more than $38 billion over the next three fiscal years.
“The selection of Haynes and Boone to advise the DOE marks yet another important milestone in the recognition of the firm’s Projects Practice,” said Arthur A. Cohen, Haynes and Boone partner and co-chair of the firm’s Projects Practice. “Coming on the heels of the firm’s selection last year as a top Projects firm by Chambers and Partners, we believe this further demonstrates the capability of our lawyers to clients in the critical areas of project finance and alternative energy.”
Haynes and Boone, LLP (www.haynesboone.com
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