Peter Richmond

Senior Associate

San Francisco

For over a decade, Peter has served as trusted counsel to renewable energy developers and investors on project development and financing matters.

Peter has advised clients, from the largest developers to publicly-owned utilities and early-stage technology companies on a wide range of renewable energy, energy storage, and climate technology projects, including distributed, community solar, C&I, and utility-scale projects.

Peter has deep experience in all facets of renewable energy project development. He is seasoned in the drafting and negotiation of power purchase agreements (PPAs), equipment procurement and construction agreements (EPCs), equipment supply agreements, operations and maintenance (O&M) agreements, long-term services and capacity maintenance agreements, asset management agreements, and shared facilities agreements. Peter draws on his prior experience with tax equity and debt financings and M&A transactions to help clients incorporate relevant financing considerations into project development negotiations and due diligence.

Peter has deep knowledge of solar, wind, and storage projects. He has unique depth negotiating battery supply and services agreements, having worked across from most major battery suppliers and integrators on the purchase of several gigawatt-hours of batteries. He has also negotiated and diligenced dozens of PPAs for solar, wind, standalone storage, and solar plus storage projects (including virtual, behind-the-meter, and standalone utility-scale projects). In addition to his extensive experience with traditional renewable energy and storage projects, Peter has experience with a wide variety of other renewable energy and climate technologies, including hydrogen, carbon capture, geothermal, nuclear, and novel (non-Lithium) storage technologies.

Peter excels in working through novel and complex technical issues in first-of-their kind projects and transactions. Notably, he represented the sponsor in the first non-recourse financing of a portfolio of behind-the-meter storage projects, the 2017 IJGlobal North America Energy Storage Deal of the Year.

While pursuing his J.D. from Stanford Law School, Peter also obtained an M.S. from Stanford’s School of Earth, Energy and Environmental Sciences. In addition, while in law school, Peter spent a semester working for Recurrent Energy, a solar energy developer. Prior to attending law school, Peter had a mini-career in health policy, working for several years as an analyst at the Congressional Budget Office and for Stanford’s Center for Health Policy. In his free time (when not gallivanting with his wife and two young daughters), he is a passionate cyclist and recently completed a 500-mile ride across the southern Rockies.

    • A developer in the tax equity financing of two solar projects totaling 175 MWs in California.
    • A developer in the structuring and documentation of a 500 MW generation tie-line facility connecting five solar projects in California.
    • A developer in the construction loan and mezzanine debt financings of three solar projects totaling 375 MWs in California.
    • A developer in the construction loan and mezzanine debt financing of a 120 MW solar project in Texas.
    • A developer in the financing of a portfolio of natural gas fueling stations in Florida.
    • A renewable energy developer and operator in the non-recourse refinancing of a loan secured by a portfolio of wind power assets.
    • A renewable energy investor in multiple bridge financings secured by a portfolio of development-stage solar projects.
    • A wind developer and operator in the sale of a 100 MW wind project in California.
    • A supermajor energy company in multiple tax equity investments in California solar projects.
    • An aircraft leasing company in multiple aircraft leasing transactions.
    • Public and private companies in secured revolving loan facility transactions.
    • Sellers and buyers in multiple company M&A transactions.

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