Power and Renewables

LEADERS

Overview

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

RECENT PUBLICATIONS

Gibson Dunn Earns 79 Top-Tier Rankings in Chambers USA 2019

-April 25, 2019

Robyn Zolman Named Among Top Women in Energy

-March 14, 2019

Law360 Names Gibson Dunn Among Its Energy 2018 Practice Groups of the Year

-February 1, 2019

Gibson Dunn Ranked in Legal 500 Asia Pacific 2019

-January 18, 2019

Gibson Dunn Named a 2018 Law Firm of the Year

-January 16, 2019

Beau Stark and Fred Yarger Named to Denver Business Journal’s Who’s Who in Energy

-December 8, 2018

Gibson Dunn Ranked in 2019 Chambers Asia Pacific

-November 29, 2018

Law360 Names Eight Gibson Dunn Partners as MVPs

-November 28, 2018

Brad Roach recognized by Who’s Who Legal

-November 21, 2018

Amendments to Section 205 of the Federal Power Act May Not Have Intended Result

-November 1, 2018

Congress Clarifies Statutory Thresholds for FERC Merger Approvals

-October 1, 2018

Who’s Who Legal Recognizes Nine Gibson Dunn Partners

-August 1, 2018

EPA Amendments to the Coal Ash Rule

-July 31, 2018

Who’s Who Legal Recognizes Five Gibson Dunn Partners in Energy

-July 9, 2018

Houston Business Journal Names Justin Stolte to its 40 under 40

-June 5, 2018

Gibson Dunn Receives Chambers USA Excellence Award

-May 25, 2018

Intra-EU Investment Treaties: Is It Time to Restructure Your Investment?

-March 7, 2018

Drilling Down on DrillCos

-March 7, 2018

2017 Year-End Environmental Update for the Oil & Gas Industry

-January 22, 2018

Internal Revenue Service Announces Relief for Southeast Texas Due to Hurricane Harvey

-September 5, 2017

French Market Update – July 2017

-July 20, 2017

The Gross-Split Production Sharing Contract: The End of an Era for Indonesia’s Upstream Oil and Gas Industry and Traditional PSC Model

-May 31, 2017

The Commodities Activities of Banks: Comments on the Federal Reserve’s Notice of Proposed Rulemaking Reveal Key Concerns and Divides

-April 28, 2017

D.C. Circuit Overturns FERC’s ROE Methodology for Electric Utilities

-April 20, 2017

Watch out for some big M&A plays in 2017

-December 19, 2016

CPP Rollback May Impact SO2 Emissions Trading Markets

-December 16, 2016

The Trump Presidency: Selected Initial Observations and Considerations

-November 15, 2016

A $3.5b Payout and Nothing to Show for it

-June 3, 2016

CFTC Proposal Sparks Controversy by Permitting Private Lawsuits in FERC-regulated Electricity Markets

-May 17, 2016

The CPUC’s Realistic Approach Toward Energy Security

-January 29, 2016

Private Equity Participation in the Asian Oil & Gas Industry

-January 26, 2016

Drilling Into New Ground

-October 1, 2015

European Commission Launches State Aid Sector Inquiry into Member States’ Energy Capacity Mechanisms

-July 20, 2015

Divided FERC Approves PJM’s Capacity Performance Proposal

-June 15, 2015

M&A Report – New Delaware Court of Chancery Decision Examines MLP Conflicts Committee Requirement to Act in Subjective Good Faith

-April 23, 2015

Competitive Transmission Is Good And It Is Here To Stay

-April 16, 2015

Venezuela’s Currency Regulations May Violate Investment Treaty Protections

-February 25, 2015

RTO/ISO Competitive Transmission Programs

-February 19, 2015

China Plans Major Overhaul of Its Foreign Investment Regulatory Regime

-January 23, 2015

FERC Proposes Changes to Its Merger Review Process — Will They Take Regulation “Back to the Future”?

-January 22, 2015

EPA Announces Program Addressing Methane Emissions from Oil and Gas Production

-January 15, 2015

U.S. Environmental Protection Agency Issues Final Regulations Addressing Coal Combustion Residuals from Electric Utilities Under Subtitle D of Resource Conservation and Recovery Act

-December 29, 2014

Protecting Your Investments in Emerging Markets

-October 6, 2014

Implications of Recent Delaware Court of Chancery Decisions on MLP Related Party Transactions

-August 11, 2014

When Supply Contracts are Considered Swaps: The Effects of the CFTC’s Interpretation of Embedded Volumetric Optionality on Derivatives End-Users

-July 29, 2014

The ECJ Confirms That “Public Undertakings” or Firms with “Special or Exclusive Rights” are Presumed to Be Acting Illegally: the Greek Lignite Case

-July 28, 2014

U.S. Supreme Court Limits EPA’s Authority to Regulate Greenhouse Gas Emissions through Stationary Source Permitting Requirements under Clean Air Act

-June 24, 2014

U.S. Environmental Protection Agency Proposes Regulations to Limit Carbon Dioxide Emissions from Existing Electric Utility Generating Units

-June 4, 2014

China Adopts Fundamental Changes in Foreign Exchange Control

-May 20, 2014

French Decree Requires Government Approval for Foreign Investments in Strategic Business Sectors

-May 16, 2014

The FERC Enforcement Process: Time for Structural Due Process and Substantive Reforms

-May 13, 2014

The Commodities Activities of Banks: Comments on the Federal Reserve’s Advance Notice of Proposed Rulemaking

-April 28, 2014

China Further Eases Restrictions on Outbound Investments

-April 18, 2014

Webcast – Game Changers: Chevron v. Steven Donziger, et. al

-March 26, 2014

The Winds of Investigation Are Blowing in D.C. – Are You Prepared??

-March 7, 2014

Chevron Wins Major Civil RICO Trial Victory Against Purveyors of Corrupt $9.2 Billion Ecuadorian Judgment

-March 5, 2014

A Clear Path To Section 363 Sale Challenges

-February 6, 2014

Oil and Gas Industry Briefing: Recent Fifth Circuit Ruling Limits Ability of Pipeline Owners in Bankruptcy to Sell Assets “Free and Clear” of, or Reject, Certain Covenants Associated with the Pipelines

-February 3, 2014

European Commission Launches Public Consultation on New State Aid Guidelines for Environmental Protection and Energy

-January 10, 2014

Mexican Energy Reform: New Investment Opportunities Ahead

-January 9, 2014

Will Africa Be Lit By “BITs”?

-January 8, 2014

OSHA’s Proposed Silica Limits Have Major Implications for Fracking, Construction, Manufacturing, and Maritime Industries

-August 28, 2013

Myanmar Adopts New Foreign Investment Law

-November 20, 2012

Indonesian Oil and Gas Regulator Held to Be Unconstitutional

-November 15, 2012

Indian Government Liberalizes the Aviation, Broadcasting and Power Sectors

-October 1, 2012

Ins and Outs of Purchasing Natural Gas-Fueled Power Plants

-July 16, 2012

SEC Proposes Disclosure Rules for Conflict Minerals, Mine Safety and Payments by Resource Extraction Issuers

-December 15, 2010

New Indonesian Mining Law

-July 2, 2010

Renewable Energy Projects Will Be Held to the Same Stringent Standards of the Endangered Species Act as Other Development Projects

-January 25, 2010

European Energy Markets: The Next Round

-May 4, 2007