Sharaf M. Islam Partner

Experience

• Advised a leading global infrastructure company on its definitive agreement with a multinational technology company to jointly fund its under-construction semiconductor fabrication facility with the client investing up to $15 billion for a 49% stake in the company’s manufacturing expansion.
• Representation of a leading infrastructure investor in its investment in Rio Grande LNG’s $18.4 billion Phase I Development.
• Counseled a global private equity firm and its portfolio companies in connection with the development and construction financing of a 339-mile fully-buried transmission line that will deliver approximately 1,250 MW of clean and renewable hydropower from Québec to New York City.
• Advised a global private equity firm and its portfolio companies in the $580 million development and construction financing of a 725 MW nameplate capacity natural gas-fired and hydrogen-capable combined-cycle electric generating facility to be constructed in Iberville Parish, Louisiana.
• Counseled a U.S.-based infrastructure investor on its investment in a solar module manufacturer via a senior secured debt facility and purchase of preferred equity, supporting the fund’s expansion plans and eligibility for Section 45X advanced manufacturing tax credits and other IRA-based tax credit add-ons from its U.S. manufacturing facility.
• Representation of a leading sustainable infrastructure investment firm in connection with multiple transactions, including:
  • A joint venture with a shipping company to fund, construct, own, operate, and lease two newly built LNG carriers, including negotiation of related services agreements, shipbuilding contracts, charterparty agreements, and financing arrangements; and
  • The acquisition and financing of a commercial distributed generation business, including operating and development assets, distributed fuel cell projects, and associated tax equity interests.
• Served as counsel to a global sports and live entertainment venue developer and its affiliates in connection with multiple transactions, including:
  • The cross-border construction financing for the renovation and redevelopment of a 18,000-seat multipurpose entertainment arena to be built in Hamilton, Ontario;
  • The cross-border bank/bond construction financing for the development of a 23,500-seat multipurpose entertainment arena to be built in Manchester, England; and
  • The refinancing of a construction loan for a multipurpose indoor arena with a capacity of 11,000, located in Riverside County, California.
• Advised the acquiring consortium and a leading global investment firm in the financing of the consortium’s approximately $15 billion acquisition of all outstanding shares of common stock of a premier global data center REIT.
• Representation of a global pension fund in two related transactions involving a 2,520 megawatt renewable energy portfolio consisting of 13 U.S.-based utility-scale wind and solar assets, three of which include battery storage.
• Advised a climate-focused private equity platform on its $750 million investment in a U.S. renewable energy developer.
• Representation of an industry-leading clean energy investment platform in connection with:
  • The acquisition of a solar project developer on landfill and brownfield sites with more than 60 projects spanning 16 states; and
  • A credit facility of up to $200 million to support a pipeline of distributed solar and energy storage projects.
• Served as counsel to a consortium of international lenders and arrangers in connection with a $450 million refinancing of a 745 MW natural gas-fired power plant in Maryland.
• Representation of a project company formed by a joint venture of energy and infrastructure firms in connection with the approximately BRL 1.8 billion refinancing of an LNG-to-power project at a port in São João da Barra, Brazil.
• Advised a renewable fuels company in connection with a $68 million green bond offering and related letter of credit facility to finance the construction of a renewable natural gas project in northwest Iowa, expected to generate 355,000 MMBtu annually once operational.
• Representation of the arrangers and lenders in connection with the $231 million acquisition financing of a leading domestic marine terminal.
• Served as counsel to arrangers and lenders in connection with the approximately $140 million construction financing and tax equity bridge financing of an approximately 160 MW portfolio of two wind farms in New York.
• Representation of a sponsor and project company in connection with the approximately $380 million construction financing and $75 million tax equity financing of an approximately 300 MW solar power plant in Texas.
• Advised a leading domestic manufacturer of building materials in connection with the development and tax equity financing of a portfolio of residential solar projects.
• Representation of arrangers and lenders in connection with a $1.015 billion acquisition and working capital facility financing for two 1,160 MW combined-cycle gas-fired power plants in Pennsylvania.
• Advised an international bank on a $30 million credit facility guaranteed by Finland’s export credit agency to support a 58 MW gas-fired power plant in Argentina.
• Representation of the arranger and private placement investors in connection with the $325 million bond facility refinancing the senior notes of a shareholder of the Colonial Pipeline.
• Advised the sponsor and project companies in connection with the approximately $580 million construction financing of the approximately 571 MW Cóndor portfolio in Chile (comprising three wind farms and one solar power plant).
• Counseled a leading North American infrastructure fund in connection with the approximately $140 million term loan and working capital facility financing of its acquisition of a leading demand-side energy management company.
• Advised the sponsor and borrower in connection with the approximately $171 million refinancing facility for a 161 MW hydropower plant in Chile.
• Representation of the lenders in connection with the approximately $45 million bridge financing facility for a 60 MW solar power plant in Mexico.
• Advised the sponsors and project company in connection with the approximately $560 million construction financing of a desalination plant and associated infrastructure in Chile.

*A number of the above matters were handled by Mr. Islam prior to joining McGuireWoods LLP.