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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Top Stories

    MILBANK ADVISES CANADA’S FENGATE CAPITAL MANAGEMENT IN INAUGURAL U.S. WIND INVESTMENT

    Published by Gbaf News

    Posted on June 11, 2016

    Featured image for article about Top Stories

    Fengate expands renewables portfolio with acquisition of Citigroup’s equity interest in operating 120 Mw wind farm in eastern New Mexico

    Milbank, Tweed, Hadley & McCloy LLP has advised Fengate Capital Management in its acquisition of a 25% equity interest in the San Juan Mesa Wind Project LLC.

    Fengate, a real asset investment firm based in Toronto, Canada, acquired Citigroup’s stake in the wind farm. San Juan Mesa is a fully operational 120-megawatt facility in eastern New Mexico that sells electricity under a long-term power purchase agreement with Southwestern Public Service Co.

    The move represents Fengate’s inaugural investment in wind energy and its first stake in the United States, adding to the firm’s existing renewables portfolio in Canada and the United Kingdom. Fengate has more than $2 billion in infrastructure, real estate, and private equity assets under management worldwide.

    Milbank Corporate partner Brien Wassner and Project Finance partner Daniel Michalchuk, both of the New York office, led the Milbank team on the deal.

    “We’re pleased to have advised Fengate in making its debut investment in the U.S., which expands its renewables portfolio with a strong asset in the San Juan Mesa wind farm,” Mr. Wassner said. “The deal also highlights a number of Milbank’s marquee practices including corporate, project finance and renewable energy.”

    Mr. Michalchuk added, “Acquiring this stake in San Juan Mesa strikes an important relationship between Fengate and the project’s principle owner, NRG Energy that should be mutually beneficial in coming years and help drive continued investment in renewable energy in North America and overseas.”

    In addition to Messrs. Wassner and Michalchuk, Milbank attorneys advising Fengate included Corporate partner Matthew Ahrens and associates Amy Kurtich and Charles Lupica; Tax special counsel Drew Batkin; and Project Finance associate Jeeseon Ahn.

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