Power and Renewables

Gibson, Dunn & Crutcher’s Power and Renewables Practice Group has decades of transactional experience in the power and renewable energy space, and a deep bench of practitioners with broad knowledge regarding all aspects of the growing industry. This includes power generation, transmission, and distribution businesses, among others. We advise leading participants in connection with a wide variety of complex and innovative M&A, project development, financing, investment, joint venture and other power-related transactions.

In the conventional power space, our experience includes representing the acquiror or seller in more than six of the 30 largest U.S. utility M&A transactions in the past decade. In the renewables space, we have recently advised highly regarded acquirors, investors and issuers in connection with more than two dozen utility-scale wind and solar power projects, including the acquisition and development of two of the world’s largest solar power projects, and four “Deal of the Year” financing and M&A transactions.

Our clients include leading power generation, distribution and transmission utilities, renewable energy companies, IPPs, investors (including private equity, venture capital, and pension funds), project sponsors, developers, lenders, governmental institutions, export credit agencies, investment banks, advisors, traders and other industry participants.

Our experience is extensive and encompasses all aspects and phases of:

• M&A, investment, joint venture and financing transactions
• Conventional power projects, including natural gas/LNG, combined cycle, coal, oil and nuclear facilities
• Renewable power projects, including solar, wind, geothermal, biomass and hydroelectric
• Transmission, interconnection and distribution
• Energy storage systems
• Privatizations and governmental matters
• Technology matters
• YieldCo, tax equity, hedging and other complex financing transactions
• Power marketing and trading
• Related regulatory advice, issues, approvals and filings

Our Services Are Global and Comprehensive

We routinely draw upon the skills of Gibson Dunn’s other first-tier practice groups across the globe, including Energy, Regulation and Litigation, Energy and Infrastructure, Oil and Gas, Capital Markets, Securities, Mergers and Acquisitions, Environmental Litigation and Mass Tort, Real Estate, Business Restructuring and Reorganization, and Tax.  Our energy, regulation and litigation group includes the former general counsel of the Federal Energy Regulatory Commission (FERC).  Practice members are familiar with U.S. federal and state regulatory matters of all types, including FERC regulations and filings, regional transmission organizations (RTOs), energy markets and trading, rate cases, interconnection and transmission matters and contested regulatory proceedings.

In addition to our top-ranked U.S. power practice, we have extensive power experience in Asia, Latin America, the Middle East, Europe and Africa. We take genuine pride in our “one firm” culture and proven ability to collaborate closely and in a client-friendly manner across all relevant geographical and practice areas.

Our lawyers are at the forefront of developments in the power space and we know the relevant markets well. In addition, we have hands-on experience with respect to all important documentation and transactional requirements, including:

• Utility and project M&A documentation
• Project development and project financings
• Equity and debt capital markets transactions, including public offerings and private placements
• Joint ventures and consortium matters
• Bankruptcy and restructuring transactions
• Construction and engineering
• Procurement and equipment supply
• Fuel supply and transportation
• Power purchase agreements and other offtake agreements
• Interconnection and transmission agreements
• Concessions and governmental matters
• Operation and maintenance
• Land entitlements, siting, permitting, land use and environmental matters
• Shared facilities and co-tenancies
• Power marketing, hedging and derivatives