Edith F. Webster
Edith Webster relies on her strong project finance background and wealth of public finance experience when representing sponsors, investors, lenders, and other entities in complex project finance transactions.
With a focus on power projects, she represents clients in public-private partnerships involving everything from airports and transport infrastructure to energy-from-waste projects. She handles both renewable energy projects (solar, wind, biomass, and hydroelectric) and conventional (fossil-fuel) projects that are financed on a non-recourse, or limited recourse basis.
Edith partners with clients on all phases of the development, financing, restructuring, and acquisition or sale of infrastructure projects. She regularly represents local governments, developers, underwriters, and financial guarantee providers in connection with the tax-exempt and taxable revenue bond financings of a wide range of projects.
She also has broad experience advising clients on debt capital markets, greenfield project development and financing, interest rate and commodity hedging transactions, and portfolio financings. Edith also has deep knowledge of power purchase agreements, project asset acquisitions and divestitures, and project debt restructuring.
Areas of Focus
Provide counsel to 50% sponsor/owner on bank and capital markets financing of US$3bn 550-MW Desert Sunlight PV solar power project in Calif.
Provide counsel to Exelon/Constellation New Energy in connection with syndicated bank financing of commercial fuel-cell portfolio.
Acted as counsel to German institutional investor in upstream equity owner of a wind energy project in Texas.
Provide counsel to NextEra Energy in bank facility and 144A offering to finance construction of US$2bn 250-MW Genesis solar power project in Calif.
Provide counsel to Edison Mission Energy in connection with US$250m syndicated wind portfolio financing.
Provide counsel to sponsor/seller of US$1bn divestiture of a portfolio of four gas-fired generating facilities.
Provide counsel to NextEra Energy Resources on many wind project portfolio "bank club" project financings of wind and solar assets throughout the U.S.
Counsel to Edison Mission Energy on the acquisition of several early-stage development wind projects, and all aspects of project development/financing.
Lender's counsel on US$300m construction financing by a Duke Energy-Williams JV of a merchant natural gas pipeline spanning the Gulf of Mexico.
Counsel to Peabody Energy on development and sale of majority stake in US$5bn 1,600 MW mine-mouth coal-fired power generation facility in Ill.
Counsel to Spanish wind developer on its joint venture and long-term master turbine supply arrangements with American wind turbine manufacturer.
Counsel to sponsor in connection with bank financing of two large merchant Texas wind energy projects and related synthetic PPA/hedging arrangements.
Counsel to Fibrowatt Ltd. in development and senior and subordinate notes offering to finance a first-of-its-kind 50-MW biomass-fueled power plant.
Counsel to sponsor on 144A financing senior and mezzanine bond financing of 500-MW portfolio of nine wind energy projects in the U.S.
Counsel to sponsor a first-of-its-kind 144A offering of a 700-MW portfolio of wind projects, named North American Project Finance Deal of the Year.