renewable energy

sector specialists, global coverage

squire sanders has offices throughout the world, allowing us to serve clients throughout the global renewable energy sector. the assignments highlighted below give an indication of the breadth and depth of our experience in this sector.

Americas

• RepresentingamajorsolarPVmanufacturerandcontractorinitsnegotiationofanEPCcontractofa20MWPVpowerplantinNewMexico.

• RepresentingasponsorinconnectionwiththesalebyaprojectcompanyofmembershipinterestspursuanttoaUS$190milliontaxequityfinancingoftwowindfarmsinNorthDakotawithageneratingcapacityof170MW.

• Representingalenderandequipmentsupplierina200MWwindpowerprojectinSanBernardinoCounty,California.

• RepresentingaUS-basedbiofuelsdeveloperinthedevelopmentofmultipleprojectsinthemidwesternandsouthernUnitedStates.

• AdvisingontheconstructionoftwoUS$40millionwastewood-fueledpowerplantsinAlbertaandNovaScotia,Canada.

• Representinganinternationalconsortiuminconnectionwithnegotiatingaconcessionagreement,powerpurchaseagreementandshareholders’agreementforaproposed200MWgreenfieldhydroelectricfacilityinEcuador.

Europe

• AdvisingE.ONUKRenewables,NuonUKRenewables,REGWindpowerLtd,FalckRenewablesplc,PeelEnergyLimitedandothercompaniesonthedevelopmentofUKonshorewindfarms.

• AdvisingtheSwedishstateutilitycompany,VattenfallAB,inrelationtoitsjointventurearrangementswithScottishPower/IberdrolainconnectionwiththeUKCrownEstate’sRound3programofoffshorewinddevelopment.

• AdvisingEnglefieldCapitalandinternationalinvestmentbankArcapitaonthe£400millionportfoliofinancingofZephyrInvestments,theUK’sfirstportfoliofinancingofwindfarmsundertheRenewableObligationCertificatemarket-ledmechanismandthefirstinvolvementofprivateequityatthislevelinthesector.

• AdvisingonseveralacquisitionprojectsinthewindenergysectorforEnerco,oneofthelargestPolishwindfarmoperators.

• AdvisingExpressEnergyonthedevelopmentofaportfolioofbiomassenergyplantsintheUK.

Asia Pacific

• AdvisingaScandinavia-basedcompanyonabuild-operate-transfertransactionforawindfarmprojectinShantou,Guangdong,Chinaincludingoperationandmaintenanceagreements.

• Representinganentrepreneursettingupvarioussolarenergy-relatedcompanieswithoperationsinChinaregardingcommercializationofrevolutionarysolarenergytechnology.

• Representingaclientinthecross-borderformationofajointventureinTaiwanfortheestablishmentofasolarenergyproductmanufacturingplant.

• RepresentingtheElectricityGeneratingAuthorityofThailandintheNamGnum2&3hydroelectricprojects.

• AssistingaHongKong-basedclientestablishingtwooffshorecompaniesforaprojectinvolvingaUS$30millioninvestmentinasolarenergyfield.

squire sanders has extensive capability and experience in the renewable energy sector. We have an outstanding track record of advising on all aspects of onshore and offshore wind farm projects in europe, the americas and asia pacific.

Wealsohaveexpertiseindevelopingsolarpowerplantsandfacilitiesfueledbybiomassandotherrenewableresourcessuchaswaste.Ourexperiencewithpowerplantconstructionincludescogeneration,geothermal,wood-waste,agriculturalwaste,wasteoilandpeat-fueledfacilities.Ourrenewableenergyclientsincludedevelopers,banks,privateequityinvestors,contractorsandutilities.Wehavein-depthexpertiseacrosslegaldisciplines,fromcorporatefinanceandM&Atoprojectplanning,consentandconstruction.

Weadviseclientson:

• Renewableenergyprojectdevelopmentandprojectfinance

• Financialincentivesforrenewableenergygenerationprojects

• Saleandacquisitionofrenewableenergyassets

• Environmentalissuesaffectingtherenewableenergyindustry

• Regulationoftherenewableenergyindustry

• Litigationandarbitrationrelatingtorenewableenergyprojects

• Healthandsafetyissuessurroundingrenewableenergyprojects

• Antitrustandcompetitionissues

• Taxstructuringandincentives

Project Development

RepresentingasolarpowerdeveloperinnegotiatingaPPAwithSouthernCaliforniaEdisonsupportingthedevelopmentofoneoftheworld’slargestsolarpowergenerationfacilities(500to850MW),whichwillbelocatedinSouthernCalifornia’sMojaveDesert.

AdvisingTrianelWindkraftwerkBorkumGmbH&CoKginrelationtoamultimillionEurocontractfortheinstallationof40tripods,thejacketandtopsidesfora200MWwindfarmoffthecoastofGermany.

AdvisingAbengoaontheEUR100millionconstructionofagreenfieldbioethanolplantinLacs,intheFrenchPyrenees,capableofproducingapproximately180,000tonsofethanolayearfrom500,000tonsofcorn.

M&A and Corporate

RepresentingamultinationalenergycompanyregardingthedivestitureofmorethansevenutilityscalewindpowerprojectsincludingprojectsthroughoutCalifornia,IrelandandGreece.

RepresentingapotentialpurchaserinconnectionwiththeduediligenceofaUS$2billionportfolioofwindenergygeneratingassetsforpossibleacquisition.

ActingforRenewableEnergyGenerationLimitedinrelationtothe£68milliondisposalofitsCanadianwindfarmbusiness,AimPowerGenCorporation,toInternationalPower.

Commercial Contracts

AdvisinginfrastructureprojectdevelopersonturbinesupplyagreementsandO&MagreementswithVestas,AccionaandNordex.

RepresentingamajorsolarPVmanufacturerandcontractorinitsnegotiationofanEPCcontractfora48MWexpansionofanexistingPVpowerplantinNevada.

Negotiatingturn-keycontractsforaleadingsolardeveloperwithUSandGermansuppliers.

Regulatory

AdvisingrenewableenergyprojectdevelopersontheUK’sFeed-inTariffscheme.

AdvisingaSpanishinvestoroperatinginthewindenergysectoroncorporateandregulatorymattersincludingregulatoryobligations,negotiatingwiththeEneaOperatoroninterconnectionagreementandnegotiatingleaseagreementswithlandowners.

AdvisingaDenmark-basedwindsystemscompanyregardingwindenergyprojectsinNorthwestPolandincludinginvestmentfinancingandagreementswithlocalenergydistributorsandregulatoryadvisoryservices.

Environmental

AdvisingSevernTrentonenvironmentalpermittingissuesrelatingtoaUKwaste-to-energyprojects.

RepresentingaSpain-basedpowercompanyinitsregulatory,environmentalandcorporateduediligenceofanArizona-basedsolarenergycompany.

Advisingonallenvironmentalaspectsofthedisposalofoneofthelargestlandfillgas-to-energyportfoliosintheUK.

Finance

Actingasborrower’sandguarantor’scounselinconnectionwithaUS$400millionseniorsecuredcreditfacilityportfoliofinancingof309MWwindenergyfacilities.

RepresentingthesponsorandborrowerinaUS$700milliontermloanandletterofcreditprojectfinancingdealfortwoUSwindfacilitiesaggregating606.5MWofcapacity.

RepresentingasponsorinconnectionwiththesalebyaprojectcompanyofmembershipinterestspursuanttoaUS$190milliontaxequityfinancingoftwowindfarmsinNorthDakotawithageneratingcapacityof170MW.

RepresentingaCanadianprojectcompanyandsponsorinconnectionwithaCDN$165milliontermloan.

representative experience

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