Orrick Advises Pattern Development on the Sale of a 206 MW Portfolio of Japan Renewable Assets
Our Renewable Energy team is a global market leader. We’ve been working on renewables projects for almost 40 years, and today our team works across more than 25 Orrick offices on four continents, representing prominent industry participants in virtually every sector of the industry, including solar, wind, geothermal, biofuels, hydro, landfill gas and storage.
Our team members not only understand the legal aspects of renewable energy transactions, but we are intimately familiar with the key commercial issues that drive our clients’ businesses and success. For this reason, the most successful industry participants consistently select us for their most important transactions in renewable energy, including development, finance and M&A:
Our lawyers are routinely called on to provide counsel on greenfield project development and transaction structures. In California, the heart of the U.S. renewables market, in the past three years we represented over 30 different bidders before the state utilities’ solicitations for new renewables projects, including on more than 150 bids for new renewables projects, totaling many thousands of megawatts. We also represent leading developers on synthetic/virtual corporate PPAs, military project development, offtake hedges, permitting, real estate entitlements, EPC, O&M, transmission and interconnection, and all other aspects of renewables project development.
Across the European continent, the Americas, Asia, and Africa, we represent many of the most prominent renewables industry participants on their most important M&A transactions, both buying and selling renewables projects and companies. Our clients come from around the globe, and we are known for helping the largest players in the industry execute cross-border transactions.
We have assisted clients in financing billions of dollars of renewables projects involving every conceivable type of debt (including bridge, construction, term conversion, long term, letter of credit facility and back-leverage financing), equity (including all varieties of tax equity and cash equity) financing and lease transactions.
Clients benefit from our depth and breadth in the renewables industry, which covers virtually every area of the business, including development, finance, M&A, tax structuring, loan guarantee programs, permitting, real estate, EPC, energy storage, regulatory and intellectual property.
Apex Clean Energy Inc., which was selected to supply all of the energy (a mix of solar, wind and conventional) to Fort Hood Army Base in Killeen, Texas.
Eurus Energy in the $71 million construction and term loan financing of its 27.6 MW (AC) Waianae solar project in Oahu, Hawaii.
The Japanese Government (the Ministry of Economy, Trade and Industry) on structuring the Japanese solar Feed-In-Tariff system.
Infracapital’s greenfield platform on its investment in Bioenergy Infrastructure Limited (“BIG”). Created to address the need for renewably sourced, reliable power generation, BIG will invest in the construction of biomass and energy-from-waste plants in the U.K. and will acquire such plants once constructed.
The Government of the Democratic Republic of Congo (DRC) on the construction of the 4,800 MW hydro project Inga 3. This project is the first phase of a 40,000 MW continental project (Grand Inga Dam), the largest energy project in the world.Terraform in the $2 billion purchase of seven contracted wind farms (total 930 MW) located in the U.S. and Canada, from Invenergy Wind LLC, the largest independent wind owner in the U.S.
They understand renewable issues and have a whole host of individuals that are experts who give cost-effective and high-quality answers.Chambers, 2016
Orrick offers outstanding teamwork across multiple offices, excellent value for money and meets deadlines. I would go back to Orrick for any high-profile, important renewable or energy storage project.Chambers, 2017
Renewables co-head Mark Weitzel ‘is something of a legend in the field and is outstanding at making a client feel like they are his only client’.Legal 500
Chambers Global, 2017
The Legal 500, 2016
Platts Global Energy Awards
Commodity Business Awards