Offshore wind offers scale, ever increasing turbine size, decreasing costs and, in some jurisdictions, attractive subsidies – putting offshore wind at the forefront of many governments’ energy transition plans and driving the next wave of development.
Developing and investing in offshore wind projects presents many unique challenges, including government siting and permitting requirements, new technologies, a complex development process and financing challenges.
We represent all strategic players in this fast evolving offshore wind market, including developers, sponsors, financiers, investors, integrated oil and gas conglomerates and historical renewables powerhouses.
Orrick is one of the few law firms that bring decades of experience in renewable energy and in offshore wind advising across the full lifecycle on projects. We handle project development, construction, high stake M&A, partnerships, financings, tax and regulatory advice on offshore wind projects across Europe, Asia and the United States, helping clients capitalize on the opportunities expected over the next decade.
We have advised on cutting-edge and first-in-kind transactions, including the first HoldCo financing of an offshore wind farm, the first investment grade rated bond issue for an offshore wind farm, the first attempted project financing of a floating offshore wind project, and the largest ever project financing of an offshore wind farm in Asia.