Energy and renewable energy

We have extensive experience in the Energy and Renewable Energy sector. Our global team of lawyers advise on a variety of renewable energy financing and acquisition projects, including joint ventures. Our expertise encompasses a wide range of renewable energy technology including wind, solar and hydro-electricity. With pressure on global energy resources, and with the advancement of cleaner technologies available, we have kept pace with these innovations and have a keen interest in this sector.

Project and development finance, including those in the renewable energy space, are pivotal to emerging and frontier markets where capital flows from a developed to a developing country, improving and enhancing infrastructure and services available to those economies. International Financial Centres, such as the BVI, Cayman Islands and Cyprus, act as attractive jurisdictions with robust legal systems, as well as being tax neutral, and so provide a level of comfort to the investor or lender.

Representative experience:

  • Advising Polaris Infrastructure Inc., a Toronto-based company engaged in the operation, acquisition and development of renewable energy projects in Latin America, on its acquisition of 100 per cent of the issued and outstanding shares of Union Energy Group Corp. (UEG), which is incorporated in the British Virgin Islands. UEG is an owner and developer of run-of-river hydro projects located in Peru.
  • Advising BMR Energy, a Virgin Group investment that develops, owns and operates clean energy projects in the Caribbean and Latin America, on its acquisition of Sibo S.A., a Guatemalan solar energy group. Assets of Sibo include a 7 MWp Green Solar array in Guatemala.
  • Acting as Cypriot counsel to Senvion GMBH in connection with a US$66 million financing provided to Luxembourg Mainstream Chile Holdings S. À R. L. for the purpose of implementing the construction and operation of two wind energy projects in Chile with an aggregate capacity of up to 299 MW, consisting of A.M. Eólica Sarco SpA and A.M. Eólica Llanquihue SpA and for refinancing of certain indebtedness owed by Aela Eólica Negrete SpA.
  • Our Hong Kong Restructuring and Insolvency team acted for one of the largest financial institutions in the People’s Republic of China in relation to the proposed US$540 million restructuring of Suntech Power Holdings Co. Ltd (in Cayman Islands provisional liquidation), a global solar energy company incorporated in the Cayman Islands and formerly listed on the New York Stock Exchange, which is principally engaged in the design, development and manufacturing of photovoltaic products.
  • Acting for the Adhoc Bondholder Group in relation to the US$1.13 billion restructuring of China-based LDK Solar Co. Ltd, the world's largest producer of solar wafers. The restructuring was implemented by way of a scheme of arrangement and was of particular interest given the global nature of the business and the diverging interests of its bondholder creditors, preferred investors and other creditors.