Power Projects lawyers
The power industry is crucial to the functioning of every economy, powering industry, households and individuals. It also extremely heavily regulated: energy companies, governments and grid operators all have a myriad of issues to consider every day to ensure the system works properly.
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.
The practice comprises sector professionals advising on regulatory matters through to dedicated corporate and finance professionals. In the energy sector, our leading M&A practice advises on some of the highest value transactions in the sector.