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Department of Energy Selects Brownstein Hyatt Farber Schreck to Provide Legal Counsel on Alternative Energy Finance Transactions |
The U.S. Department of Energy (DOE) has selected the law firm of Brownstein Hyatt Farber Schreck to provide project transactional counsel under its federal loan guarantee program. Brownstein joins a select list of U.S. law firms that will represent the DOE in its loan guarantee program related to the development of new and innovative energy technologies.
“The Department of Energy’s selection speaks to Brownstein’s position as an experienced player in the new energy economy and our experience as project transaction counsel for developing energy technology concerns,” said Bruce James, managing partner and CEO. “We have been, and continue to be, at the forefront of providing innovative solutions for clean technology and renewable energy projects.”
As project transactional counsel, Brownstein, under the direction and supervision of DOE’s counsel, will advise DOE on every aspect of its loan guarantee program on assigned projects. The firm will be responsible for providing legal counsel in all stages of the process from reviewing applications and performing due diligence to negotiating project document and executing closings. Projects will include those related to renewable energy projects, advanced fossil energy technology, hydrogen fuel cell technology, advanced nuclear energy facilities, carbon capture and sequestration, and efficient electrical generation, transmission and distribution technologies.
Brownstein’s renewable energy practice is led by John Herrick, former chief counsel for the DOE’s Golden, Colo. office, and includes key shareholders in the firm’s natural resources and corporate and business groups. The cross-disciplinary group combines decades of traditional energy sector experience with an understanding of the complex business, finance and regulatory environment facing renewable energy and clean technology projects. The firm's renewable energy practice group can guide companies through the entire loan guarantee process.
DOE’s Loan Guarantee Program, authorized by Title XVII of the Energy Policy Act of 2005, aims to facilitate early commercial use of new or significantly improved technologies in energy related projects. Loan guarantees issued by DOE will be backed by the full faith and credit of the United States. Projects supported by loan guarantees will help fulfill the goal of making the U.S. energy independent, reducing our reliance on imported sources of energy by diversifying our nation’s energy mix, increasing energy efficiency and improving the environment. For more information on DOE’s Loan Guarantee Program, visit www.lgprogram.energy.gov.
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