Award Project Finance International

PFI Americas Awards 2022

Project Finance International (PFI) recognized Kirkland & Ellis as part of its 2022 Americas Awards. The Firm was recognized for the “Foundry JV Holdco,” “a first of-its-kind, innovative infrastructure financing in the semiconductor industry that has huge significance for domestic chip manufacturing,” whereupon Kirkland represented Brookfield Infrastructure Partners L.P. on its definitive agreement with Intel Corp. to jointly fund Intel’s under-construction semiconductor fabrication facility, with Brookfield investing up to $15 billion for a 49 percent stake in Intel’s manufacturing expansion.

Additionally, Kirkland was recognized with “Transmission Deal of the Year” for “Champlain Hudson Power Express,” “a marquee project for 2022 based on complex construction and perseverance through many years of delays, as well as its status as the largest transmission project constructed in the state of New York in the last 50 years.” The Firm represented Blackstone Energy Partners III L.P. and Blackstone Capital Partners VIII L.P., and their portfolio companies Transmission Developers, Inc., TDI-USA Holdings LLC and CHPE LLC, in connection with the development and construction financing of the Champlain Hudson Power Express, an approximately 339-mile fully-buried transmission line that will deliver approximately 1,250 MW of clean and renewable hydropower from Québec to New York City.