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Energy


Expertise > Global Expertise > Banking and Finance > Energy
Energy is one of the key sectors in the global economy with ever-growing energy demand fuelling exploration and projects across all parts of the world, resulting in IFCs such as the BVI being used by most of the world’s leading energy providers.

Overview

Harneys has advised a variety of energy companies and financial institutions worldwide on all aspects of BVI finance law. Our lawyers have played an integral role in some of the most significant transactions across the entire energy sector.

We represented the State Oil Company of Azerbaijan Republic in connection with a US$1.3 billion put option-based financing for its subsidiary Turkey Enerji A.Ş., which was partly structured through offshore special purpose vehicles.

Other BVI Energy sector experience includes:
  • Advising Standard Bank on the BVI law elements of the project financing of the Kinangop Wind Park in Kenya, the first renewable energy commercial project in East Africa and, at the time, the largest wind park investment in sub-Saharan Africa.
  • Acting as BVI advisor to an AIM listed oil and gas exploration and production company on its financing of a Slovenian gas field and other European onshore projects.
  • Advising Inter-American Development Bank on the financing of Genser Power Colombia’s provision of generators with 4.2MW capacity to the Ecuadorian state oil company Petroamazonas Ecuador S.A.
  • Advising Maple Energy on the project financing of a Peruvian ethanol project (including a sugar cane plantation, an ethanol distillery and a power plant).
  • Acting as BVI counsel to the European Bank of Reconstruction and Development and Clean Energy Fund on the development financing of a 9.5MW solar power plant being built in south-western Ukraine.

Contacts

Colin Riegels
Colin Riegels

Managing Partner
British Virgin Islands
Tanya Cassie-Parker
Tanya Cassie-Parker

Partner
British Virgin Islands
Russell Willings
Russell Willings

Partner
British Virgin Islands
Michelle Frett-Mathavious
Michelle Frett-Mathavious

Counsel
British Virgin Islands
Joanna  Hossack
Joanna Hossack

Associate
British Virgin Islands
Publications

Articles & Updates

A 60 second guide to dealing with BVI companies 

Recent Experience

Harneys advises Virgin on acquisition of renewable energy group 
Harneys advises on US$1.3 billion SOCAR financing 
Harneys advises on Ukrainian wind park project 
Harneys advises on $55 billion Rosneft takeover of TNK-BP 
$500M Tullow Oil loan 
Harneys advises Talisman Energy on farm-in agreement