Overview

Our project finance lawyers are well-known as leading advisers, acting for borrowers and lenders on private and PPP/PFI project finance transactions. We can guide you through the structuring of debt and agreement of term sheets through to negotiation of all project finance documents including loan, bond, private placement, guarantee, security, intercreditor, direct and hedging agreements. 

Our integrated team of specialists has vast experience in delivering bankable project documents for project sponsors (including planning and consenting, real estate, construction, feedstock and offtake contracts in addition to applicable regulatory issues) and in carrying out due diligence for lenders across all project contracts.

Because we act for lenders, borrowers and those in the supply chain, we appreciate the commercial and legal requirements of all parties, ensuring more effective transaction advice and efficient execution. 

We combine our project finance expertise with other finance structures to advise on the financing of the acquisition of energy and infrastructure assets, the asset financing of energy and infrastructure assets, the re-financing of operational assets and the securitisation of cash flows.

Our extensive network of contacts within the project finance industry means that we are often able to effect introductions for our clients and work collaboratively with industry counterparts to achieve the best results for our clients.

Our energy project finance experience extends across a wide range of technologies including wind, solar, fuelled renewables, energy from waste and wave and tidal. In the PPP/PFI market, we have experience advising on project financing issues across a broad range of sectors including defence, highways, streetlighting, hospitals, prisons and schools.

Areas of focus

Our project finance lawyers are particularly regarded for their knowledge in the following areas:

  • Banking.
  • Real estate.
  • Planning.
  • Construction.
  • Energy.
  • Corporate.
  • Renewable energy and waste (including wind, biomass, solar, anaerobic digestion, waste and hydro technologies).
  • Nuclear.
  • Infrastructure.
Experience

Advising Temporis, UK Green Investment Bank and KKR as lenders to Blue Energy on the 52 MW Blackcraig wind farm in Scotland and to the Srondoire wind farm in Scotland.

Advising Royal Bank of Scotland on the project financing of a 30 MW wind farm in Berwickshire, Scotland.

Advising Infinergy as project sponsor on the project financing of a number of wind farms including Wear Point, Castle Pill, Ferndale and Mean Moor.

Advising on the project financing of biomass plants including Helius/CoRDe, Mersey Bioenergy, Evermore CHP, Beckton Biogas and Volac.

Advising on the project financing of energy from waste projects for lenders including advising Investec Bank (including TEG Dagenham Anaerobic Digestion), Gravis (including the refinancing of the Agrivert AD portfolio and the financing of the Wastebeater recycling plant) M&G Investements (SELCHP), and London Waste and Recycling Board (including TEG Dagenham and Biossence).

Advising on the project finance, acquisition finance and re-financing of over a GW of solar pv projects for lenders and sponsors including Bluefield, Octopus, Belltown, Ingenious and Spring Park Capital.

Advising the sponsors on the project financing of a portfolio of nine generation projects supported under the Capacity Mechanism.

Advising KfW-Ipex Bank on participations in syndicated project finance facilities including Greenwich BSF PFI (£103 million) and the Hampshire Street Lighting PFI (£44 million).

Advising the Nuclear Decommissioning Authority on the implementation of complex guarantee structures.

Acting for Lombard on the asset financing of three back-up power plant generators to supply electricity to the National Grid under the Short Term Operating Reserve contracts regime including recourse to the contracts as well as the assets.

Advising the Ministry of Defence on the £1.34 billion project bond financing of the Skynet 5 military satellite communications PFI project.

Advising the United Arab Emirates Armed Forces on the US$1.2 billion project financing of the YahSat military satellite project.

Advising Ascent (a Babcock/Lockheed Martin joint venture) on the project financed £1.2 billion fixed wing package of the UK Military Flying Training System PFI project.

Meet the team
Graham Soar

Graham Soar Partner

  • Banking
  • Derivatives, Debt Capital Markets and Securitisations
  • Project Finance
Nathan Curtis

Nathan Curtis Partner

  • Banking
  • Projects 
  • Energy, Power and Utilities
Racheal Ruane

Rachael Ruane Partner

  • Corporate Banking
  • Real Estate Finance
  • Asset Finance and Asset Backed Lending
Keith Beattie

Keith Beattie Partner

  • Projects
  • Aviation
  • Defence
Ross Fairley

Ross Fairley Partner

  • Energy, Power and Utilities
  • Head of Renewable Energy
  • Environment
Mark Paterson

Mark Paterson Partner

  • Defence
  • Business Transformation
  • Central Government
Ian Salter

Ian Salter Partner

  • Head of Nuclear
  • Projects
  • Environment
James Phillips

James Phillips Partner

  • Head of Oil and Gas
  • Energy, Power and Utilities
  • Environment
Nick Churchward

Nick Churchward Partner

  • Head of Resource and Waste Management
  • Projects
  • Energy, Power and Utilities
Euan Bremner

Euan Bremner Partner

  • Chair of Energy, Power and Utilities
  • Head of Scottish Real Estate
  • Head of Northern Irish Real Estate
Will Woodall

Will Woodall Partner

  • Energy, Power and Utilities
  • Real Estate Investors
  • Healthcare
Steven James

Steven James Partner

  • Energy, Power and Utilities
  • Construction and Engineering Disputes
  • Construction and Engineering Contracts
William Gard

William Gard Partner

  • Construction and Engineering
  • Infrastructure
  • Arbitration
Lloyd James

Lloyd James Partner

  • Energy, Power and Utilities
  • Infrastructure
  • Construction and Engineering