George’s practice focuses on U.S. and international project development and
finance, corporate finance, strategic joint ventures and mergers and acquisitions,
especially in the energy industry.
Specifically, George’s practice encompasses:
Project development, including the drafting and negotiation of engineering, procurement and construction contracts, balance of plant agreements, turbine supply agreements, build-out agreements, energy hedge agreements, coordination agreements, operation and maintenance agreements, shared facilities agreements, power purchase agreements, secondment agreements, requests for proposals, and purchase and sale agreements.
Project finance, including the drafting and negotiation of loan agreements and loan documentation, such as security agreements, guarantees, letters of credit, equity contribution agreements, intercreditor agreements, pledge agreements, depository agreements, control agreements, subordination agreements, consents and agreements, opinions, lien waivers and UCC filings.
Advising on, structuring and documenting multiple phase, merchant and other energy projects, and identifying and minimizing regulatory, transmission and other risks associated with such energy projects.
Helping developers negotiate with their development partners, lenders, tax equity investors, power purchasers, energy hedge providers, turbine suppliers, EPC, BOP and other contractors and drafting structures to help his clients maximize value from their projects.
Corporate finance transactions, including advising large banks and corporations (both as borrowers and lenders) on multimillion dollar credit facilities ranging from syndicated, multi-currency, multi-jurisdictional loans to single-lender seller financing, preparing and negotiating the loan documents and securing collateral often located across the United States and the world.
Intercreditor transactions, including advising clients on complex intercreditor issues, such as multiple lien priorities, claimholder voting, standstill periods, cure rights, enforcement actions, payment waterfalls, collateral dispositions, casualty events, rights to amend documents, purchase options and other difficult intercreditor issues.
General corporate practice, including mergers, acquisitions and divestitures, such as advising his clients on the strategic acquisition of other companies and project rights, and on the buy-out of a development partner’s interest.
Representation of Fortune 500 companies doing business in Latin America (e.g., Bolivia, Chile, El Salvador, Guatemala, Honduras, Mexico, Nicaragua and Venezuela), including the identifying and minimizing of emerging market risks, structuring and documenting joint ventures and strategic acquisitions, and the selection, coordination and management of foreign counsel.
Currently advising the sponsor on the development and project financing of in excess of 70 MW of solar photovoltaic projects located in Uruguay.
Currently advising the sponsor on the development of a $1.4 billion petrochemical project in Mexico, including structuring arrangements to bring cheap natural gas from the United States down to the facility in Mexico.
Currently advising the
sponsor on the development of a petrochemical project in Mexico, including
structuring arrangements to bring cheap natural gas from the United States down
to the facility in Mexico.
Currently advising the
sponsor on the development of an up to 1,000 MW wind project located in the
panhandle of Oklahoma, including on transmission aspects and on the sale of the
project to interested third parties.
In February 2016,
represented the developer in the sale of an approximately 2,000 MW wind project
development in the panhandle of Oklahoma.
In September 2016, advised a fund asset manager on an investment into a renewable energy company management team.
In January 2016, advised
the sponsor on the project financing of a $1.3 billion natural gas-to-methanol
project in Louisiana, along with the engineering, procurement and construction
contract for the project.
In January 2016, advised
the sponsor on the project financing of a 40 MW solar photovoltaic project
located in Chile.
In May 2015, represented the developer on the acquisition of a 200 MW wind
development project in Texas, including negotiation of the purchase and sale
In February 2015, represented the developer of a 100 MW solar photovoltaic
project in Texas on the negotiation of a power purchase agreement for the
In February 2015, represented the developer on the acquisition of an
approximately 100 MW wind project in Texas, including advice on the power
In December 2014, advised the developer of a 150 MW wind project development
in North Dakota on the negotiation of a power purchase agreement for the
In December 2014, advised the developer on the acquisition of a Mexican wind
power development company, including advice on the Mexican power purchase
agreements used by the company.
In October 2014, advised the sponsor on the development of a 23 MW wind
power project in Guatemala, including negotiation of the EPC contract for the
In September 2014, negotiated to close a power purchase agreement for an 80
MW photovoltaic project in Chile.
In June 2014, negotiated to close, on behalf of the buyer, the acquisition
of ownership interests in a 115 MW wind project in operation in Chile.
In May 2014, advised an energy company on the acquisition of an interest in
a 100 MW+ wind project in Japan, including negotiation of the joint venture
In March 2014, advised a foreign energy company on the potential acquisition
of energy assets in the United States with a value in excess of USD 2 billion.
In January 2014, advised a foreign buyer on the potential acquisition of a
worldwide oil and gas business based in Houston.
In 2013, advised an international energy company on the potential
acquisition of solar PV development rights for projects in excess of 200 MW in
In 2013, negotiated to close, on behalf of the sponsor, a FEED engineering
agreement for a greenfield crude oil refinery to be constructed in Louisiana.
In 2013, negotiated to close an engineering, procurement and construction
contract for the construction of an approximately $120 million chlor alkali and
carbon capture and mineralization facility to be located in Texas.
In 2013, negotiated to close 15-year warranty and maintenance agreements for
five wind projects located across the United States.
In 2012, ran international finance legal team and negotiated to close $245
million debt financing of Parque Eólico El Arrayán SpA, a 115 MW wind power
project to be located northeast of Santiago, Chile, jointly owned by AEI,
Pattern Energy Group LP and Antofagasta Minerals SA. The financing included a
construction debt facility that converts to a 15-year term loan, a letter of
credit facility and a value-added tax finance facility. The construction and
term loans were provided in two tranches, one from Denmark’s export credit
agency, EKF, which provided guaranteed loans through its ELO program, and the
second tranche by a consortium of international commercial lenders comprised of
The Bank of Tokyo-Mitsubishi UFJ, Ltd., Sumitomo Mitsui Banking Corporation and
Credit Agricole Corporate & Investment Bank. The commercial lenders also
provided the letter of credit facility, and Chilean bank Corpbanca provided the
value-added tax financing. In 2012, closed the 20-year power purchase agreement
and offtake arrangements for Parque Eólico El Arrayán SpA, a 115 MW wind power
project under construction and located northeast of Santiago, Chile, jointly
owned by AEI, Pattern Energy Group LP and Antofagasta Minerals SA.
In 2011, represented investor in negotiations to acquire a controlling
interest in up to a 233 MW hydroelectric project being developed near Ancash,
George Humphrey Discusses the Renewable Energy Market in Mexico
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