Power has always been at the core of our Global Projects, Energy and Infrastructure practice and we’ve embraced the dynamic and multifaceted nature of the industry by growing our experience to encompass every sector and region globally, from representing clients on financing the development of geothermal projects in Indonesia to purchasing a peaker in the United States to working on a gas (FSRU)-to-power transaction in Latin America. We have in-depth knowledge in every asset class of the power sector, from conventional gas-fired facilities, coal and nuclear power to our groundbreaking renewable energy practice that leads the world in wind, solar, geothermal, biomass and hydroelectric transactions.
Our client base is diverse. Our attorneys work closely with an assortment of clients – from governments and financial institutions to developers (both well established strategic players and startups), private equity and infrastructure funds. On the finance side, we are intimately familiar with the myriad ways that power projects get financed today – from traditional commercial bank and multilateral/export credit agency structures to private placements, bond issuances, term loan B financings and other kinds of debt placed across capital structures.
Although we have a deep understanding of power purchase agreements and have negotiated them with a variety of offtakers, we also advise clients on transactions accessing other sources of revenue, such as, commodity hedging instruments, contracts for difference, feed-in tariffs and developing capacity markets that developers are increasingly relying on to ensure consistent cash flows. Our regulatory expertise in the power space is also unmatched and we have the skills to help our diverse set of clients navigate the complex regulations that often overlay the process of developing, financing and selling or buying power assets. We also advise on the full range of commercial transactions in life line of power plants – from greenfield development and project financing through to M&A by strategic and fund investors of controlling and minority stakes in single asset and portfolios, as well as guiding parties through restructurings as projects face unanticipated challenges.
