Power

Our Practice

Electricity, nuclear and renewables. The current electricity market is teeming with opportunities, due to continuous global liberalisation, resulting in greater competition and reduced prices. Developing countries have opened their doors to foreign investment while the focus on renewable energy infrastructure has also expanded. Companies are now seeking increased efficiency in operations and asset utilisation, and additional revenues from new geographic markets, multi-utility and non-utility operations.

Our lawyers have advised on many power projects across the globe, acting for sponsors, debt providers, governments, regulators and power stations themselves. Our broad expertise covers contracts for differences, power purchase agreements, fuel supply agreements, licensing and setting up generating projects and distribution systems, electricity trading arrangements and power derivatives.

Experience

Electricity

  • Advanced Power AG - advising in connection with its €31.5m capital raising investment by 3i
  • Essent merger with Nuon - advising the four major shareholders (representing 72%) of Holland’s largest energy company Essent in relation to the anticipated €25bn merger with Nuon
  • Mmamabula - advising a major international sponsor in relation to the project financing of the proposed 3,600 MW Mmamabula Power and Mining project in Botswana.

Renewables

  • Carbon Trust Enterprises Limited (CTEL) - advising on a major UK renewables project  - the first UK project to involve the development of renewables projects on public sector owned land. The transaction is one of the first in the UK to utilise a framework development model to aggregate small-scale renewables projects and has been cited by the Government and Greenpeace as one of  the most significant renewables project in the UK to date
  • Acciona Energia - advising Acciona Energia on the acquisition of the Moura solar power plant in the Alentejo in Portugal which, when constructed, will be the largest solar power plant in the world.

Nuclear

  • Ignalina - advising one of the power companies involved in the project to develop a new privately financed nuclear power station to replace the existing Ignalina plant in Lithuania
  • Urenco - represented Urenco in the UK and the Netherlands on various nuclear regulatory issues.