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Milbank
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Milbank LLP received three prestigious Deal of the Year awards at the IJGlobal Europe Awards on March 6, 2025, recognizing their significant contributions in the infrastructure and energy sectors. One of the highlighted projects was the financing of the Stegra Green Steel Plant, a groundbreaking facility in Boden-Luleå, Sweden, designed to produce up to 2.5 million tonnes of green steel annually. This facility is notable for incorporating a first-of-its-kind giga-scale green hydrogen plant, which will power its green steel production, addressing both sustainability and innovation in the steel manufacturing industry. Additionally, Milbank advised Stegra on the financing of the John Laing, Stegra Boden Water Treatment Plant, which provides a comprehensive solution for all water management needs at the green steel plant. This project emphasizes the integration of water management with sustainable industrial practices, showcasing a holistic approach to resource management in large-scale manufacturing. Furthermore, Milbank played a crucial role in the restructuring of senior debt for the ACWA Power Combined Cycle Gas Power Plant in Kırıkkale, Türkiye. They advised senior finance parties, including the European Bank for Reconstruction and Development and the International Finance Corporation, ensuring the successful project financing of this significant energy infrastructure project. These awards underscore Milbanks expertise in navigating complex financing structures and their commitment to advancing sustainable energy solutions in the infrastructure sector.