Chloe Kwon

As a member of the firm’s Energy and Infrastructure Team, Chloe advises sponsors, lenders, investors, government enterprises and other project participants in all aspects of energy and infrastructure project development and financing, acquisition and divestiture of projects and project portfolios, cross-border investments, joint ventures and other M&A transactions, including those involving cross-border complexities.

Also as a member of the firm’s Agency Finance Team, Chloe represents the United States government and multilateral, bilateral and regional development finance institutions (DFIs) in corporate debt, project finance debt, partial credit guarantees and risk sharing facilities transactions as well as provision of political risk insurance for sovereign debt conversion transactions.

Energy and Infrastructure

• Represented tax equity investors in a partnership flip transaction in connection with the world's largest carbon-capture, sequestration and utilization (CCSU) project in Texas.
• Represented Exus Management Partners on the acquisition of a 100% equity interest in a 244 MW wind farm portfolio in Pennsylvania from Vitol.
• Represented an investment and asset management firm on the acquisition of multiple project assets in Mississippi, Arkansas and Kentucky for development of the solar photovoltaic power generation and energy storage development project.
• Represented one of Asia’s largest independent energy developers on the acquisition of a 50% interest in the 1,304 MW operational natural gas-fired combined cycle power facilities, comprising of Marcus Hook in Philadelphia, PA, Milford Power in Milford, MA and Dighton Power in Dighton, MA.
• Represented an investor in the strategic minority interest private equity acquisition for a major Asian energy listed corporation in a 594MW natural gas-fired combined-cycle power plant in Rhode Island.
• Represented one of Asia’s largest independent energy developers, in connection with co-investors through funds managed by ARES Management Corporation (NYSE: ARES), to acquire through a series of interim mergers a substantial majority interest in Apex Clean Energy Holdings, LLC, which has commercialized more than $ 9 billion of utility-scale solar and wind projects and is developing a diversified clean energy portfolio of more than 30,000 MW situated throughout the US.
• Represented one of Asia’s largest independent energy developers on the acquisition of a strategic ownership interest in a 972 MW operational combined-cycle natural gas-fired cogeneration power plant in New Jersey. Electricity from the plant is sold to both the New York and New Jersey electricity markets and covers New York City and other neighboring metropolitan areas.
• Representing a project developer and owner of a 4x138MW coal-fired power plant in the Philippines on divestiture of its equity interest and recapitalization.
• Represented one of Asia’s largest independent energy developers on its multimillion dollar, cross-border acquisition of a 25% equity interest in the 640 MW Yunlin Offshore Wind Power Farm Project, the biggest wind farm in Taiwan to date from its shareholders in Europe and Japan.
• Represented a lending group consisting of Regional Development Bank in Asia and Thai commercial bank on an approximately $ 20 million project financing to complete the supply, installation and construction of a 10MW Lomligor Wind Power Farm Project with an integrated 1.88 MWh battery energy storage system in Nakhon Si Thammarat Province, Thailand. In June 2021, this transaction was recognized as “Battery Storage Deal of the Year” by the Asset Triple A Infrastructure Awards 2021.
• Represented a Dutch rigid plastic packaging manufacturer on the sale of its 100% ownership interest in a limited liability company in the US, which owns all of the ownership interests of three (3) operating subsidiaries in the People’s Republic of China, to Eka Pak Company Limited, a Thai plastic packaging and design company.

Agency Finance

• Representing the CHIPS Program Office of the U.S. Department of Commerce on multiple awards under the CHIPS Incentive Program under the CHIPS and Science Act, including, but not limited to, the award to Polar Semiconductor, a Minnesota-based semiconductor foundry, to expand and modernize the company’s manufacturing facility in Bloomington, Minnesota.
• Representing the Build America Bureau of the United States Department of Transportation.
• Representing the U.S. International Development Finance Corporation (DFC) on multiple investments, including, but not limited to:
  • $ 50 million loan to construct and operate a 150-bed hospital and medical training facility in Oman;
  • $ 5 million loan to an internet provider in Kenya;
  • $ 50 million loan to an oil production facility project in Kurdistan, Iraq;
  • $ 9 million loan to an electric bike company in India;
  • $ 10 million loan to a battery swapping network for electric vehicles in India;
  • $ 100 million loan to a bank in Nepal;
  • $ 410 million loan through the Defense Production Act (DPA) Loan Program to a biomanufacturing company in California to support the manufacturing and delivery of biologics, vaccines and nucleic acids;
  • $ 50 million loan to a bank in Iraq;
  • $ 7.5 million loan to an agro-processing company in Egypt;
  • $ 60 million loan to a bank in El Salvador;
  • $ 10 million loan to an electric vehicle leasing company in the West Bank, Palestine;
  • $ 10 million loan to a national non-profit institution serving the financial needs of low- and middle-income entrepreneurs and individuals in the West Bank, Palestine;
  • $ 6.2 million loan to a B2B off-grid solar technology supplier in South Africa; and
  • $ 50 million trade facilitation program in Ukraine in conjunction with the International Finance Corporation (IFC)’s Global Trade Finance Program.
• Representing the U.S. International Development Finance Corporation (DFC) on the provision of political risk insurance to sovereign debt-for-nature swaps, including, but not limited to:
  • the world’s largest $ 656 million Galápagos marine conservation-linked bond in Ecuador. In May 2024, the firm was awarded ESG Finance Deal of the Year at Latin Lawyer’s 2024 Awards for its representation of DFC on the transaction; and
  • the first-in-Africa $ 500 million Blue Bond in Gabon.