Les Sherman


San Francisco

Les leads Orrick’s US Renewable Energy Practice and has represented developers, investors and others on renewable and traditional energy project transactions for 35 years.

Chambers publications identify Les as a Leading Lawyer and report that clients say Les is an “icon in California in the renewables space” and “established a reputation as the go-to guy in California”. Clients praise Les for being “creative and responsive,” “the ultimate diplomat” and “deal oriented”. Les also is recognized by Euromoney, The Legal 500 and The Expert Guides as a Leading Lawyer in energy project development, M&A and finance.

Les represents many of the industry’s leading companies on project development, financing and M&A transactions for solar, wind, biomass, gas and similar generation projects, battery technology and other energy storage projects, biofuels and production facilities and energy efficiency projects. Les has led the Orrick team’s thought leadership in the growing energy storage market, has published numerous articles on the topic, and has served as lead counsel on many of the largest storage and renewables+storage transactions completed to date.

  • Project Development

    • Leading U.S. sponsors on stand-alone energy storage projects, and hybrid natural gas and solar + storage projects.
    • Sponsors of a 600 MW gas-fired generating facility in the San Francisco Bay Area on all aspects of project development.
    • Leading project developers on many 1000s of megawatts of renewables and gas project Power Sales Contracts and Tolling Agreements with SCE, PG&E, SDG&E, Nevada Power, Tucson Electric, Salt River, Imperial Irrigation District, Arizona Public Service, Xcel Energy, SCPPA, NCPA and many others.
    • Numerous developers on CAISO interconnection arrangements, including shared facilities and co-tenancy arrangements.
    • Major U.S. and international project sponsors on billions of dollars of contracts for PV solar EPC and procurement contracts.
    • A leading U.S. independent power company in joint development arrangements with a major turbine manufacturer for a 550 MW power plant, the first plant in North America to employ leading-edge 7H gas turbine technology.
    • A California-based solar panel distributor and development company in all arrangements for the development of “solar communities” projects involving integrated PV roofing systems combined with long-term PPAs with homeowners.
    • More than 25 bidders in 2013, 2014 and 2015 California utilities’ solicitations for new renewables, gas and storage projects, including on more than 150 bids for renewables projects.
    • One of the world’s largest EPC contractors and a consortium of international shipping companies in the negotiation of a concession agreement with the Ministry of Transportation of Indonesia for the development, construction and operation of a US$650 million container terminal and deep-water port.  
    • A global developer in connection with the first privatized power plant in Senegal, Africa, including host country , power sale, project financing, and construction agreements.
    • A global project development company in the joint development, construction and long-term management arrangements for a recycled water production facility.
    • One of the world’s largest construction companies in joint venture arrangements with an Asian government agency in the development of privatized airport facilities around the world.
    • A major U.S. independent power company in structuring and negotiating contracts with a California municipality and municipal utility for the joint development of an electrical transmission line.
    • A European water utility company in preparing form documents to use for BOT water infrastructure projects in southern China.
    • A Korean company with development, concession and PPAs for the first privatized power plant in Papua New Guinea.
    • A U.S. independent power company in its structuring and negotiation of a Lease and Concession Rights Agreement with an Indian tribe in Nevada relating to the private development and construction of a power-generating facility on tribal lands.

    Project M&A

    • Leading U.S. and foreign buyers, sellers of thousands of megawatts of development stage and operating solar and wind facilities.
    • A leading U.S. project developer on all aspects of the due diligence and acquisition of a development stage 600+ MW gas fired power plant.
    • A leading U.S. solar developer on the due diligence and acquisition of a large portfolio of DG solar projects.
    • A leading European sponsor on the due diligence and acquisition of development stage solar projects.

    Project Construction and Operations Matters

    • A major U.S. construction company and utility services provider in the structuring and negotiation of a 10-year, US$10 billion contract for outsourcing of utility infrastructure construction, O&M and related technical services.  
    • A global construction company in connection with EPC contracts and related arrangements for new LNG facilities.
    • A consortium of contractors, architects and engineers on a US$1.5 billion D/B arrangement for a hospital campus in San Francisco.
    • A U.S. equipment vendor in structuring and negotiating onshore and offshore supply and installation of barge-mounted generating facilities on the Amazon River.
    • A Japanese EPC contractor in its bid to perform EPC construction work for a generating facility in southern California.