Power Projects

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We advise on high value projects, financings, disputes and transactions in the sector internationally, as well as servicing the daily needs of the sector.

Having advised the electricity sector for almost three decades, we have the unique distinction of having invented the industry agreements, codes and rules that are used around the world. We were the first to have a central role in advising on IPPs in Europe (in Portugal), to privatise the electricity industry (in England and Wales), to write grid codes and to advise on innovative wholesale market arrangements across over 40 jurisdictions worldwide. 

On power projects, we advise on risk structuring, starting with a detailed risk matrix (our own proven matrix design) to drafting and negotiating PPAs, EPC contracts, fuel supply agreements, connection agreements, O&M contracts, and all of the financing agreements and security documentation that would be required to finance the project on a limited recourse financing basis.

We wrote the rules and shaped the power markets in numerous jurisdictions. From the Grid Code, Wholesale Market Codes and Connection and Use of System Codes to the new offshore transmission regime, we are at the forefront of advising on the rules governing the electricity industry.

Our recent experience related to power projects includes advising:

  • Equinor on the USD 1.1 billion sale of 50% of its interests in the Empire Wind and Beacon Wind assets on the US east coast.
  • RWE, one of the world's leading renewable energy companies, on the sale of a 49% stake in the Humber Gateway offshore wind farm to Greencoat, a UK-based investment company focusing on renewables projects, for a total cash consideration of £648 million.
  • Zenobe, the leading UK battery developer, on the full project financing of its 100MW Merseyside battery storage project.
  • A consortium led by bp, and including Eni, Equinor, Shell and Total, on the Net Zero Teesside Project, UK’s most advanced carbon capture, usage and storage (“CCUS”) project. 
  • Cadent Gas, the UK’s largest gas distributor and owner of four of the UK’s eight gas distribution networks, on the RIIO-GD2 price control, one of the highest profile energy regulatory instructions in the UK today.
  • Crédit Agricole and a consortium of lenders made up of Santander, NordLB, UniCredit, Rabobank and SMBC on the EUR 310m construction financing of an onshore wind farm portfolio in Sweden and Norway with a total installed capacity of 170 MW.
  • Two bidders on the acquisition of Ecotricity’s UK electric vehicle charging business, The Electric Highway Company.
  • NeuConnect on the development of its 1400MW electricity interconnector running between England and Germany. The first project-financed electricity interconnector.
  • Northern Ireland Water (NIW) as part of a competitive ‘invitation to innovate’ procedure to develop a green hydrogen project at the Belfast wastewater treatment site. In addition to using the oxygen produced for enhancing the wastewater treatment process, the green hydrogen produced will be used to fuel NIW’s vehicle fleet.

To find out more about other related services you can visit the Energy & Climate Change expertise section

“They are so knowledgeable in this space."

Chambers, 2021

"Very approachable, proactive and supportive."

Chambers, 2021

The power and renewables team at CMS fields 'very strong partners', stands out by its 'excellent industry knowledge' and is described by one client as 'a clear market leader'.

Legal 500, 2018

"CMS always provide a very collaborative approach to commercial matters, ensuring areas of contention were resolved to our satisfaction."

Legal 500, 2022

"Experts in their field. They worked seamlessly with our in-house legal and business teams – including on strategic presentations to the board. They have provided business appropriate, strategic advice under time pressure."

Legal 500, 2022
Law-Now: Power Pro­jects
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Ad­vising the Board

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09/08/2022
CMS ad­vises con­sor­ti­um on ac­qus­i­tion of fur­ther in­vest­ment in Ørsted's...
In­ter­na­tion­al law firm CMS has ad­vised a con­sor­ti­um com­prised of Equitix and The Re­new­ables In­fra­struc­ture Group (TRIG) on its agree­ment to ac­quire from Glob­al In­fra­struc­ture Part­ners (GIP) a fur­ther...
05/08/2022
CMS ad­vises con­sor­ti­um on ac­quis­i­tion of in­terest in world’s largest off­shore...
In­ter­na­tion­al law firm CMS has ad­vised a con­sor­ti­um com­prised of GLIL In­fra­struc­ture and Oc­topus En­ergy Group on its agree­ment to ac­quire a 12.5% in­terest in the Hornsea One Off­shore Wind Farm from Glob­al...
27/07/2022
Mu­nir Has­san ranked in Leg­al Power List 2022
CMS part­ner Mu­nir Has­san has been named as one of the most in­flu­en­tial people in the wind en­ergy in­dustry. A Word About Wind’s Leg­al Power List ranks the top 100 law­yers that ex­ert the most in­flu­ence...
05/07/2022
On-Site Power Solu­tions - Guide Launch
CMS re­cently pub­lished "On-site Power Solu­tions: A guide for large en­ergy users" and we would be de­lighted if you could join us on Tues­day, 5 Ju­ly 2022 for a pub­lic­a­tion launch and break­fast sem­in­ar tak­ing...
20/10/2021
UK En­ergy Sec­tor: Sum­mer of Change
The sum­mer of 2021 may well shape the UK en­ergy sec­tor (and the re­lated sec­tors it im­pacts) for many years to come. Ofgem and BEIS re­leased over forty con­sulta­tions from June to Septem­ber. Some of these...
14/10/2021
En­ergy Sup­ply Crisis - re­fresh­er on pos­sible out­comes
The UK is cur­rently fa­cing an en­ergy sup­ply crisis. Whole­sale en­ergy prices have sky-rock­eted in re­cent weeks with the reg­u­lat­ory price cap re­main­ing un­changed. This has con­trib­uted to, as of Oc­to­ber...
21/06/2021
CMS ad­vises E En­er­gija Group and GE on the ECA backed fin­an­cing of a land­mark...
In­ter­na­tion­al law firm CMS has ad­vised E en­er­gija group and GE En­ergy Fin­an­cial Ser­vices (GE EFS) as spon­sors in re­la­tion to the fin­an­cing of the E en­er­gija Telši­ai 68.9 MW on­shore wind farm in Lithuania...
16/09/2020
CMS ad­vises Equi­nor on its part­ner­ship with BP in US off­shore wind
In­ter­na­tion­al law firm CMS is de­lighted to an­nounce its role as leg­al ad­viser to Equi­nor on its agree­ment with BP to sell 50% of its non-op­er­ated in­terests in the Em­pire Wind and Beacon Wind as­sets on...
23/07/2020
Hab­it­ats Reg­u­la­tions Toolkit 2020
The EU nature dir­ect­ives (the Birds and Hab­it­ats Dir­ect­ives) un­der­pin the net­work of European pro­tec­ted sites known as Natura 2000. The Hab­it­ats Dir­ect­ive man­ages the plans and pro­jects that may im­pact...
26/06/2020
Con­sent­ing and Real Es­tate Con­sid­er­a­tions for De­vel­op­ing Hy­dro­gen Pro­jects
Hy­dro­gen is be­gin­ning to play a crit­ic­al role in de­liv­er­ing the de­car­bon­isa­tion agenda. It has pos­sible ap­plic­a­tions across a wide range of sec­tors, and the po­ten­tial to de­car­bon­ise dif­fi­cult-to-elec­tri­fy...
30/06/2016
CMS scoops En­ergy Team of the Year at The Law­yer Awards
CMS has been named En­ergy Team of the Year at The Law­yer Awards 2016, held in Lon­don.CMS was re­cog­nised for its role ad­vising UK Power Net­works, the largest Dis­tri­bu­tion Net­work Op­er­at­or group in the...