Lance Brasher is global head of Skadden’s Energy and Infrastructure Group. He is a corporate attorney concentrating in M&A, financing and development transactions involving energy and infrastructure facilities in the United States and around the world.

Bio

Mr. Brasher advises strategic investors, developers, borrowers, tax equity investors, funds, lenders and utilities in all phases of solar, wind and other renewable energy projects; gas and thermal power plants; transmission lines; electric distribution assets; LNG and gas processing facilities; natural gas pipelines; related energy companies; and transportation, water infrastructure facilities and sports facilities.

Mr. Brasher repeatedly has been recognized as a leading lawyer by Chambers Global, Chambers USA, The Best Lawyers in America, IFLR1000 and other publications.

Representative transactions include:

  • Bank of New York Mellon in a $400 million tax equity investment in four wind projects;
  • EDF Renewable Energy in the merger of its affiliate and groSolar, a developer and construction contractor of solar projects;
  • 8point3 Energy Partners in connection with its $775 million term loan and revolving credit facilities;
  • Emera Energy in the $223.3 million sale of its 49 percent interest in a 419 MW portfolio of wind projects to First Wind;
  • Enel in the:
    • merger of its affiliate and EnerNOC, a leading provider of demand response energy services for utility, commercial and industrial customers;
    • acquisition of eMotorWerks, an internet-of-things platform for the smart management of EV charging and other distributed energy storage facilities; and
    • sale to GE of a 50 percent interest in a 760 MW portfolio of wind, solar, geothermal and hydroelectric power projects, and related joint ownership arrangements;
  • First Solar in connection with the:
    • merger of 8point3 Energy Partners, owner of a 964 MW portfolio of solar projects, and a fund managed by Capital Dynamics for $1.7 billion (enterprise value);
    • tax equity investment by JPMorgan, sale to EDF Renewable Energy and construction of the 179 MW Switch Station solar project;
    • sale to a fund managed by Capital Dynamics and construction of the 280 MW California Flats solar project;
    • tax equity investment by GE and Goldman Sachs, sale to a fund managed by Capital Dynamics and construction of the 250 MW Moapa solar project;
    • tax equity financing investment by State Street and construction of the 40 MW Kingbird solar project;
    • formation and $420 million IPO of 8point3 Energy Partners, a joint venture yieldco with SunPower;
    • sale of the 250 MW Silver State South solar generation project to NextEra;
    • sale to MidAmerican Energy and construction of the 550 MW Topaz Solar Farm;
    • $1.46 billion financing, construction and sale to NextEra and GE of the 550 MW Desert Sunlight solar project;
    • $646 million financing, construction and sale to Exelon of the 230 MW Antelope Valley Solar Ranch One solar project; and
    • $967 million financing, construction and sale to NRG Energy of the 290 MW Agua Caliente solar project;
  • Goldman Sachs, Credit Suisse and Merrill Lynch in the $92 million IPO of common stock of SolarCity;
  • InterGen in its:
    • sale of its CCGT, gas, wind and transmission businesses in Mexico to Actis for $1.3 billion (enterprise value);
    • acquisition joint venture with IEnova and construction financing for a 155 MW wind project in Mexico;
    • $1.8 billion refinancing of its senior secured debt and revolving credit facilities;
    • AU$467 million refinancing of the 840 MW coal-fired Millmerran Power Station in Australia; and
    • $1.75 billion sale by Shell and Bechtel, including 7,800 MW of coal- and gas-fired power plants in Europe, Asia, Mexico and Australia;
  • a leading tax equity investor in the acquisition and disposition of ownership and tax equity interests in solar and wind projects;
  • Mizuho in connection with the project financing of the 242 MW Birchwood coal-fired power station;
  • NextEra in the formation and $467 million IPO of NextEra Energy Partners, a solar and wind asset yieldco;
  • NorthWestern Energy in its $900 million acquisition of a 633 MW portfolio of 11 hydroelectric generating facilities, a related bridge financing and $450 million bond financing;
  • NV Energy in the:
    • joint ownership with LS Power, financing and capacity use arrangements for the One Nevada Transmission Line;
    • acquisitions of the Bighorn, Silverhawk and Lenzie gas-fired power projects totaling approximately 2,400 MW; and
    • construction of the Lenzie, Tracy, Clark and Harry Allen gas-fired generating stations, aggregating approximately 3,000 MW;
  • PensionDanmark in the acquisition from E.ON of an interest in a 430 MW portfolio of U.S. wind farms and in related joint ownership and private placement financing arrangements;
  • Quantum Utility Generation in the construction and sale of the 40 MW Passadumkeag wind farm to Southern Power Company;
  • Samchully Asset Management in its $170 million acquisition from Marathon Oil of 34 percent of the Neptune gas processing plant;
  • the U.S. Department of Transportation in various financings under the Transportation Infrastructure Finance and Innovation Act and the Railroad Rehabilitation & Improvement Financing programs run by the Build America Bureau;
  • the U.S. Environmental Protection Agency in financings under the Water Infrastructure Finance and Innovation Act;
  • AEI in its $1.5 billion term and revolving loan facility led by Credit Suisse and JP Morgan, and in financings relating to AEI’s acquisition of interests in Luz del Sur of Peru, Chilquinta of Chile, Promigas of Colombia and Del Sur of El Salvador;
  • Prisma Energy in its $2.7 billion sale to AEI, including a related $1 billion financing of Prisma;
  • Enron in the formation of Prisma Energy, into which Enron transferred its interest in 15 power generation, electricity distribution and natural gas services businesses located in South and Central America, Europe and Asia;
  • banks and other lenders in the financings of FedEx Field for the Washington Redskins, the Nashville Predators’ National Hockey League franchise and Invesco Field for the Denver Broncos; and
  • Dabhol Power Company in the development and $2.9 billion financing of its proposed 2,450 MW power project and LNG regasification facility located in India.

Following graduation from the United States Naval Academy, Mr. Brasher was an officer in the U.S. Navy, serving three years on the USS Harry W. Hill, a navy destroyer, and two years as an economist and operations analyst with the Center for Naval Analyses.

Credentials

Education

  • J.D., Harvard Law School, 1990 (cum laude)
  • B.S., United States Naval Academy, 1982 (with distinction)

Admissions

  • District of Columbia
  • New Mexico

Lance T. Brasher

Partner, Energy and Infrastructure Projects
lance.brasher@skadden.com