Karmel Outlines Project Finance Environmental Review Process

Understanding the intricacies of project finance is essential to the success of project developers and investors seeking to take advantage of the opportunities presented by the demand for major investments in the energy sector, which is under pressure from a strengthening of federal and state environmental regulations, unpredictable changes in tax and other federal incentives for wind power and biofuels, deficiencies in electric transmission capacity and reliability, and a growing array of state-mandated renewable portfolio standards. Developers and investors must also reckon with tight financing restrictions. Only those borrowers who understand how to structure deals to the highest standards will be able to profit from the flexibility, liquidity, tax benefits and other advantages that can be obtained with state-of-the art project finance techniques.

New York partner Philip Karmel will join a faculty of legal and construction project specialists March 21-22 in New York City for “Project Finance: The Tutorial.” This event will take attendees step-by-step through the aspects of a successful project financing.

Karmel will present on the environmental review process needed to identify and mitigate environmental risk. He’ll outline key environmental issues that can be encountered during financing of new power projects and during acquisition of existing facilities. This will include permits and approvals, including NEPA and other reviews, compliant environmental design and site issues, compliance issues for operating power plants and upcoming issues on the horizon.

At Bryan Cave, Karmel has served as environmental and litigation counsel for many large infrastructure, energy and real estate development projects. His litigation practice includes environmental and real estate litigation; land use matters arising under environmental review statutes and zoning laws; and the defense of toxic tort actions. Karmel also counsels clients on environmental matters, including issues arising under the Clean Air Act, brownfields redevelopments, the environmental aspects of corporate and real estate transactions, insurance coverage, environmental impact review and environmental permitting.

Click here for more information on this event, which is produced by Infocast, The Leading Source.