Kathleen M. Phelps focuses on a variety of project finance and real estate matters. She represents major institutional lenders and developers in a wide array of lending transactions, including project finance, commercial real estate, asset-based, and bond financings, and has worked on the development and transfer of electric-generating facilities and other commercial real estate.
Kathleen’s representative transactions include: the development and multiple refinancings of two 500 MW gas fired cogeneration plants located in Astoria, N.Y.; the acquisition financing of portfolios of gas fired cogeneration plants; and the development and permanent financing of wind, hydro, solar, and biomass facilities across the US, including in Arizona, California, Maine, Massachusetts, Minnesota, Montana, Pennsylvania, Texas, and Washington. She also acted as counsel in the acquisition, disposition, financing, and development of commercial real estate (including through REIT structures) for major institutional investors. International transactions include the OPIC financing of a hydro-electric facility in Guatemala and financing of a gas-fired electric generation project in Fife, Scotland. Locally, Kathleen represented developers and other interested parties in the development of a number of solar facilities in The Commonwealth of Massachusetts, and developed a niche practice in the purchase and sale of Solar Renewable Energy Certificates.
Kathleen has been a member of the teaching faculty at the Morin Center for Banking Law Studies at Boston University Law School since 2000, where she teaches a course, “Introduction to Project Finance.” She also served on the board of directors of the Lawyers Clearinghouse since 2008 and on the board of directors the Bay Colony Rail Trail Association since 2012.
Georgetown School of Foreign Service, 1995, Master of Science
Georgetown University Law Center, 1995, Juris Doctor
University of Iowa, 1991, Bachelor of Arts
Awards and Affiliations
Member, Law Firm of the Year, Energy/Projects: Power (including Renewables), Chambers USA (2018)
Member, Practice Group of the Year, Energy, Law360 (2016)
Member, Energy Law Firm of the Year, US News & World Report/Best Lawyers (2015)