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Solar Power: A Practical Handbook, Second Edition
Philip Tonkin, Matthew Williams
Published: 2025
Pages: 448
eBook: 9781837230303
This second edition of Solar Power: A Practical Handbook provides an in-depth analysis of various aspects of solar power including its commercial, technological and regulatory characteristics. This book, featuring chapters by leading practitioners, will be of interest to lawyers, commercial managers, financiers and other consultants.
This second edition of Solar Power: A Practical Handbook provides an in-depth analysis of various aspects of solar power including its commercial, technological and regulatory characteristics. It also provides a practical guide to developing, financing, acquiring and disposing of solar power projects. While being a technology which has been adopted on a global basis, each jurisdiction has its own dynamics, so the book considers the market-specific aspects of solar power in a number of key locations including Brazil, China, France, Germany, India, Italy, Japan, the Middle East, Morocco, Spain, the United Kingdom and the United States.
This book, featuring chapters by leading practitioners, will be of interest to lawyers, commercial managers, financiers and other consultants working in or alongside the solar power sector.
Table of Contents
Cover | Cover | |
---|---|---|
Title Page | 1 | |
Copyright | 2 | |
Contents | 3 | |
Introduction | 5 | |
Part I: Regulation, technology and economics | 7 | |
Legal, regulatory and industry frameworks | 7 | |
Solar power technologies and how they work | 27 | |
Economic drivers: global drive to net zero, route to market, pricing and the trend ofcolocation | 63 | |
Part II: Developing solar power projects | 73 | |
The anatomy of a solar power project | 73 | |
Real estate | 89 | |
The project agreements | 103 | |
Securing project revenues – the route to market and monetisation of generation | 117 | |
Financing perspectives | 133 | |
Part III: M&A in the solar power market | 155 | |
M&A and corporate structuring | 155 | |
Part IV: Regional perspectives | 197 | |
Brazil | 197 | |
China | 213 | |
France | 235 | |
Germany | 247 | |
India | 257 | |
Italy | 281 | |
Japan | 299 | |
Middle East | 329 | |
Morocco | 349 | |
Spain | 365 | |
United Kingdom | 395 | |
United States: California | 405 | |
About the authors | 433 | |
About Globe Law and Business | 445 |
Lis Blunsdon
Counsel, White & Case LLP
[email protected]
https://www.linkedin.com/in/lis-blunsdon-5776321b/
Lis Blunsdon is a counsel in the firm’s project development and finance group in London. She has more than 25 years’ experience in the energy sector and specialises in the regulation, operation and optimisation of energy assets in the renewables, gas and thermal generation sectors. Lis advises project developers, energy and utility companies, banks, funds, commodities trading houses and governments on connection, offtake, fuel supply, renewables subsidies and support regimes and REMIT. She has particular skill and expertise in developing complex route to market arrangements and in recent years she has been involved in negotiating many of the key corporate PPAs in the European market, both physically and financially settled.
She has spent several extended periods in-house on secondment to large energy companies in structured trading and development roles, and brings a highly practical approach to navigating the complexities of the energy sector.
Rafael Sang-Kyun Bong
Counsel, Nishimura & Asahi
[email protected]
https://www.linkedin.com/in/sang-kyun-rafael-bong-a313b672/
Rafael Sang-Kyun Bong is a counsel in the finance team at Nishimura & Asahi. Rafael advises Japanese and non-Japanese developers, sponsors, lenders and investors in connection with domestic Japanese renewable projects including solar photovoltaic (PV) projects. Rafael’s practice encompasses a wide array of banking and finance matters, with extensive experience in real estate, vessel and other asset financings, domestically and internationally. He graduated from the University of Toronto Faculty of Law in 2016 and is admitted in New York and Ontario. He is fluent in English, Korean and Japanese.
Keith Bullen
Partner, CMS (UAE) LLP
[email protected]
https://www.linkedin.com/in/keithbullen/
Keith Bullen is a partner in the Middle East offices of global law firm CMS. He has been working in the Middle East since 2005 and advises on the development of major infrastructure, power and utilities projects throughout the region. In recent years, Keith has led on a large number of the region’s power and water project procurements. Many such exercises have been first-of-type, including the first solar and wind independent power producer projects in Saudi Arabia, Oman and Qatar. Keith’s projects have received awards from the Chartered Institute of Procurement and Supply, IJ Global, Euromoney and PFI. He has received personal recognition in The Legal 500 for project finance; in IFLR 1000, where he is highly regarded in the energy sector; and in Chambers and Partners, where he is ranked for Middle East projects and energy.
Daria Buonfiglio
Counsel and head of strategic marketing and communication, Green Horse Legal Advisory
[email protected]
https://www.linkedin.com/in/dariabuonfiglio/
Daria Buonfiglio leads the research, business development and strategic marketing department of the firm. Among other things, this department is dedicated to researching and studying innovative energy technologies; investigating market insights and trends; scouting projects under development in all Italian regions; and identifying the most active market investors,
sponsors, developers and capital providers.
She also leads Green Horse Advisory communications strategy and coordinates projects promoted by Green Horse Advisory, including The Wire Club – a project aimed at promoting equal gender representation and equal opportunities for women in the energy transition process. Daria also manages the various partnerships that Green Horse has with leading market, environmental, social and governance, intelligence and technology advisers.
Daria is a lawyer with 15-plus years of experience in the renewable energy industry, first at Orrick and then at Green Horse Legal Advisory. She assists clients on the negotiation of construction and asset management contracts relevant to energy and infrastructure-related transactions.
Ana Carolina Katlauskas Calil
Partner, Cescon Barrieu Advogados
[email protected]
https://www.linkedin.com/in/ana-carolina-katlauskas-calil-06a14aa6/
Ana Carolina Katlauskas Calil is highly skilled in electricity regulation, advising clients from different segments of the industry (generation, distribution, transmission, trading and consumption) on both regulatory and transactional matters. Her practice encompasses legal assistance in corporate transactions involving companies operating in the electricity sector, as well as project development. Ana also has deep expertise in drafting, reviewing and negotiating a wide range of sector-related agreements, as well as representing clients in judicial and administrative proceedings, regulatory advice and energy transition matters.
João Ribeiro da Costa
Partner, TozziniFreire Advogados
[email protected]
https://www.linkedin.com/in/joao-ribeiro-da-costa-a5618119/
A partner in TozziniFreire’s foreign investment and M&A practices, João Ribeiro da Costa has extensive experience in assisting national and multinational companies in Brazil and Europe, particularly on the electricity market. Having previously worked as an executive, he also has great expertise in managing companies and representing shareholders on boards and advisory boards of publicly held and privately held power companies. João is the author of several legal articles and an invited teacher at Brazilian and Portuguese universities.
John Deacon
Partner, Osborne Clarke LLP
[email protected]
John Deacon is a highly experienced energy partner specialising in energy projects, carbon finance and trading and infrastructure law with a particular emphasis on renewable energy and distributed generation, both conventional and unconventional. John has 25 years’ experience gained at number of law firms including Hogan Lovells, Hammonds and Hunton & Williams.
He has a wealth of experience in the infrastructure sector with both renewables and digital expertise and specialises in procurement contracts. His expertise spans a range of renewable projects, including biogas and solar assets. John is ranked in Chambers and The Legal 500, and is recognised as a leading individual by Chambers for climate change and renewable energy.
William Evans
Financial adviser
[email protected]
https://www.linkedin.com/in/william-evans-53a5202b/
Willam Evans specialises as a financial adviser in structured finance transactions across Europe and is based in London. He specialises in renewable energy and energy storage, with over 24 years’ experience.
William leads each transaction he works on, primarily as an M&A and debt adviser acting for investors, major corporates and developers. In renewable energy, William has worked on multiple mandates across the solar, wind, anaerobic digestion, battery storage, hydrogen, carbon capture and energy-from-waste sectors. During his career William has worked in many of the leading infrastructure and energy institutions. This extensive experience includes international commercial banks such as Macquarie, Santander and ABN AMRO, as well as at boutique independent advisory firms. Across his career William has closed over 50 mandates in renewable energy.
David Fernandez
Associate consultant, SLR Consulting
[email protected]
https://www.slrconsulting.com/eur/person/david-fernandez/
David Fernandez is an associate consultant at SLR Consulting, bringing 20 years of international experience in the energy sector. He holds two bachelor’s degrees in mechanical engineering (University of Oviedo, Spain) and mechatronics (University for Applied Science Karlsruhe, Germany), as well as a master’s degree in energy systems and fluid dynamics (University of Oviedo, Spain). David works on projects involving utilityscale solar PV, battery energy storage systems (BESS), hybrid systems and off-grid mini-grids. His expertise includes technical advisory, energy modelling, sensitivity and techno-economic optimisation for PV and BESS, due diligence and detailed feasibility studies.
He has also evaluated innovative technologies and system prototypes such as parabolic solar dishes, waste heat Stirling engines for flare gas reutilisation and thermal storage systems. David has project experience in Europe, Africa, the Middle East and Asia.
Nasif Hamed
Partner, Pérez-Llorca
[email protected]
https://www.linkedin.com/in/nasif-hamed-05770028/
Nasif Hamed is a corporate and M&A partner of Pérez-Llorca, a leading law firm in the Iberian Peninsula. His main practice covers advising private and listed companies from various industries on mergers and acquisitions, joint ventures and investment structures and shareholders’ agreements, as well as corporate restructuring and cross-border transactions. Nasif has advised private equity funds and large national and international industrial firms on many transactions. Over the years, Nasif has advised on domestic and international transactions involving the investment and divestment of renewable energy and infrastructure projects. He is ranked in Best Lawyers and regularly lectures on M&A and commercial law matters for the master’s degree in business law at Instituto de Empresas.
Munir Hassan
Partner, CMS Cameron McKenna Nabarro Olswang LLP
[email protected]
https://www.linkedin.com/in/munir-hassan/
Munir Hassan is the head of CMS’s energy and climate change group. Munir’s team advises on a large portfolio of low-carbon projects and transactions globally across all major technologies – particularly solar, wind, biomass and nuclear – and emerging technologies such as hydrogen and carbon capture. He leads the provision of legal advice on a large array of projects and transactions, including on commercial and regulatory issues, disputes, market reforms, restructurings, privatisations and reforms of industry frameworks. He advises across the value chain, from securing of the project opportunity (whether merchant or government procured), permitting, revenue streams, subsidy arrangements and construction agreements.
Maya Ito
Partner, Nishimura & Asahi
[email protected]
https://www.linkedin.com/in/maya-ito-278b1863/
Maya Ito is a partner at Nishimura & Asahi and works mainly in the area of cross-border project finance, as well as energy projects, infrastructure, transactions and regulations. She has been involved in more than 50 solar power projects in Japan. She leads the international renewable energy team of Nishimura & Asahi. She advises a range of clients – including multinational corporations, commercial banks, multilateral financing institutions, project developers and sponsors and other parties – on a range of international and cross-border matters. Maya graduated from Keio University and has an LLM from Columbia Law School. She joined Nishimura & Asahi in 2002.
Amane Kawamoto
Partner, Nishimura & Asahi
[email protected]
https://www.linkedin.com/in/amane-kawamoto-915136a0/
Amane Kawamoto is a partner at Nishimura & Asahi with a wealth of experience advising international clients on the development and construction of renewable energy projects (solar, wind and biomass) throughout Japan. His expertise also includes project finance transactions and acquisitions in connection with renewable energy projects. Amane also has extensive experience advising a number of clients on corporate power purchase agreements (PPAs) and virtual PPAs for renewable energy projects. He graduated from the University of Tokyo (BA) in 2002 and from Columbia Law School (LLM) in 2013.
Lynia Lau
Partner, Loeb & Loeb LLP
[email protected]
https://www.linkedin.com/in/lynia-lau-ph-d-3704ab30/
Lynia Lau is the leading partner for the firm’s energy and infrastructure projects team, bringing over 20 years of experience in advising large-scale state-owned enterprises. Her expertise spans the energy sector – including oil and gas, liquefied natural gas (LNG), power and renewables – as well as projects works encompassing public-private partnerships, public utilities and infrastructure development.
Lynia has a proven track record in managing complex issues related to development, overseas investments, acquisitions, government regulations and the financing and operations of large-scale infrastructure projects. Her extensive portfolio includes LNG and facilities, oil and gas projects, power stations, refineries, terminals and public utilities such as cross-border tunnels, bridges and tolled highways.
As the chief legal adviser for a consortium of four law firms, Lynia played a pivotal role in advising the governments of Hong Kong, Macau and Guangdong Province on the Hong Kong- Zhuhai-Macau Bridge project. Additionally, she has significant experience in guiding financial institutions, private equity firms and state-owned enterprises in meeting their financing needs, including private equity investments and global project financing.
Peter Lo
Head of onshore renewables and storage, SLR Consulting
[email protected]
https://www.linkedin.com/in/peterlo/
Peter Lo is a global senior energy executive, with three decades of international achievement. He is currently onshore renewables and storage sector director, senior global commercial adviser and digital director at SLR Consulting. Clients value Peter’s blend of technical, commercial, digital and multi-disciplinary leadership skills. He combines strengths in stakeholder management, negotiation and team leadership with real-world international experience of implementing, acquiring, optimising and modelling assets and infrastructure across the entire life cycle. He is often called on when there is an urgent need for strategy or solutions on risk and return which require the integration of technology and commercial domains.
His vast experience spans corporate and startup business development; market entry and commercial strategy; corporate and joint venture and partnering; expert witness, M&A, integration and shareholder divestiture; global technology scouting for vertically integrated utilities, major infrastructure development and construction; and due diligence, commissioning and portfolio operations. Before joining SLR, Peter contributed to high growth as global chief operating officer and vice president commercial of a startup. As director of New Energy Department CLP, he began to develop his global network and experience from China, Hong Kong, wider Asia, Australia, Israel and the United States to complement his strong domestic experience in Europe and Russia.
Peter Mason
Partner, Addleshaw Goddard LLP
[email protected]
https://www.linkedin.com/in/peter-mason-3198b621/
Peter Mason is one of Addleshaw Goddard’s real estate partners. Alongside his wider work for clients on development and regeneration projects, he has been a member of the firm’s energy and utilities group since 2008. This has seen him advise on the real estate aspects of projects across the range of onshore and offshore energy technologies, from inception to funding, construction and subsequent disposal. Peter also has experience advising landowners on the negotiation of options for energy project leases and thus brings an understanding of the different commercial and practical drivers for each of the parties to the negotiations.
Ghalia Mokhtari
Attorney, Mokhtari Avocats
[email protected]
https://www.linkedin.com/in/ghalia-mokhtari/
Ghalia Mokhtari is a prominent Moroccan attorney specialising in projects and banking law, particularly in the energy, infrastructure and real estate sectors. She provides legal counsel to borrowers, financial institutions, funds, corporations and governments on transactions such as public-private partnerships, project financing, acquisitions, construction issues and compliance with Moroccan regulations.
Before her current role, Ghalia worked with Linklaters in Paris and led the projects and financing team at a North African law firm in Casablanca. She has extensive experience collaborating with major energy developers and investors across Europe and Africa. In addition to her legal practice, she regularly publishes articles on energy law and teaches project finance and business law at a leading business school in Casablanca. She is fluent in Arabic, French and English.
Carlo Montella
Co-founder and managing partner, Green Horse Legal Advisory
[email protected]
https://www.linkedin.com/in/carlomontella/
Carlo Montella is the managing partner at Green Horse Legal Advisory and co-heads the project development and M&A practice. He is a transactional lawyer with extensive experience in project development, asset acquisitions and financings in the energy and infrastructure sectors. Carlo has strong proficiency and a consolidated background in assisting international sponsors, multinational energy companies, large private equity funds, project developers, borrowers and debt issuers, investment banks and other capital providers and investors. They value his contributions thanks to his vast experience, practical know-how and willingness to go the extra mile for his client.
Carlo regularly advises on energy sector mergers, acquisitions and joint ventures and the development, structuring and financing of largescale energy and infrastructure projects, both in Italy and internationally (including the United Kingdom and Eastern Europe). He has significant experience in the electric power sector, wind, solar, biomass, battery storage, geothermal and other renewable energy projects; and he has also represented clients in transactions involving electric power and green hydrogen.
Marcello Montresor
Counsel project development and M&A, Green Horse Legal Advisory
[email protected]
https://www.linkedin.com/in/marcellomontresor/
Marcello Montresor is an experienced professional who specialises in M&A, private equity and project development in the energy and infrastructure sectors, focusing on renewables. He supports sponsors, developers, private equity investors, infrastructure funds and others in structuring, buying and selling energy projects and companies. This includes acquisitions and sales of full, majority or minority shareholdings; and the oversight of greenfield project developments and related construction and management activities.
He has considerable expertise in PPAs – particularly in assisting energy producers in selling energy and certificates to corporates, utilities and traders, utilising both virtual and physical structures. Marcello adeptly handles transaction documents such as sale and purchase agreements (SPAs), joint venture agreements and shareholders’ agreements. He also offers general corporate advice and manages daily operational legal issues. In 2016, Marcello spent four months in Orrick’s London office, advising a leading global solar company on acquiring ready-for-construction solar PV plants in the United Kingdom.
Urias Martiniano Garcia Neto
Partner, UMN Advogados
[email protected]
https://www.linkedin.com/in/urias-martiniano-g-neto-30893943/
A postgraduate in civil procedure and a specialist in electricity law, Urias Martiniano Garcia Neto has worked in the field of electricity regulation since 2010, having started his career in the Chamber of Commercialisation of Electric Energy. Urias is a regular speaker and teacher, delivering postgraduate and corporate training focused on the electric power market. The author of several articles and books on the electric sector, Urias is a partner at UMN Advogados, a boutique law firm that specialises in energy law issues.
Francesco Palmeri
Senior associate regulatory and public law, Green Horse Legal Advisory
[email protected]
https://www.linkedin.com/in/francesco-palmeri-85a69082/
Francesco Palmeri specialises in assisting clients on authorisation, regulatory and commercial and public subsidy matters, as well as on real estate issues related to the renewable energy sector (wind, solar PV/concentration, hydroelectric, hydrogen and biomethane).
He also advises on the development of renewable energy projects in Italy, including all regulatory aspects relating to the authorisation, construction, connection, operation and access to incentives of renewable energy plants. Francesco has additionally gained experience in cross-border M&A transactions and project finance in the energy and infrastructure sector and assists clients in drafting and negotiating transaction documents, including SPAs, joint venture agreements, development agreements and PPAs.
Duncan Parker
Partner, Osborne Clarke LLP
[email protected]
https://www.linkedin.com/in/duncan-parker-b3711835/
Duncan Parker is a partner in Osborne Clarke’s non-contentious construction team. He specialises in advising developers, funders and contractors on the construction, operation and maintenance of energy and utilities assets. Duncan’s experience includes drafting and negotiating construction, engineering and maintenance contracts for a wide range of renewables, bioenergy and grid stability projects both in the United Kingdom and internationally. He has acted on large-scale solar projects in the Middle East and Africa and advised on engineering, procurement and construction (EPC) and operation and maintenance arrangements for two of the first commercial-scale battery storage projects in the United Kingdom. He also spent time on secondment at an international utilities company, advising on all its construction needs. Duncan also works closely with asset management teams to manage ongoing contractual relationships and to optimise and repower assets during the operational phase.
Tilman Petersen
Counsel, von Bredow Valentin Herz
[email protected]
https://www.linkedin.com/in/dr-tilman-petersen-805ab963/
Tilman Petersen is counsel at renewable energy boutique von Bredow Valentin Herz, based in Berlin, Germany. He is a graduate of Heidelberg University and Columbia Law School and specialises in energy regulation, electricity trading and the construction of renewable assets. Tilman has advised clients on long-term PPAs for projects in different European jurisdictions and routinely provides comprehensive advice on the development of renewable energy projects with a focus on solar and wind – both onshore and offshore.
Fernando Quicios
Partner, Pérez Llorca
[email protected]
https://www.linkedin.com/in/fernando-quicios-dorado-0bb8022a/
An expert in corporate and finance law and part of the restructuring and insolvency team at Pérez Llorca, Fernando Quicios advises national and international clients on all types of corporate transactions, particularly on mergers and acquisitions and financing transactions for both listed and unlisted companies. He has extensive experience advising on high-profile public and private M&A transactions, restructuring and refinancing and financial regulatory work. Fernando advises on all types of local and crossborder financing, usually within the framework of acquisitions, refinancing schemes and project financing deals. He has worked extensively on distressed private equity and M&A in recent years, implementing innovative tools to accommodate market circumstances. He advises on complex deals in these areas and on restructuring and insolvency transactions, and has recently taken part in some important transactions in the restructuring and insolvency practice which require his wide array of expertise in different areas of law.
Fernando has extensive experience in the academic field. He has lectured for the master’s degrees in business law organised by Fundación Carolina, Instituto de Empresa and Esade, and the master’s degree for access to the legal profession at Universidad Autónoma in Madrid. He also regularly writes articles for the financial press and other specialist publications.
George Rigo
Partner, corporate and finance transactions, Bryan Cave Leighton Paisner LLP
[email protected]
https://www.linkedin.com/in/rigo-george-75482731/
George Rigo is a leading lawyer based in Bryan Cave Leighton Paisner’s Paris office, bringing over 30 years of expertise in M&A transactions, acquisition finance and restructuring. He focuses his practice in advising international industrial groups and holding companies on mergers, acquisitions and joint ventures across the energy, food and agriculture and manufacturing sectors. In the renewable energy space, George partners with major industry leaders to provide strategic guidance on critical projects throughout France. His recent work includes advising clients on the financing and acquisition of wind and solar initiatives. George also represents clients in crossborder transactions, skilfully negotiating and drafting international contracts and commercial partnerships while navigating associated litigation issues.
Most recently, he advised a French dairy cooperative on an industrial and commercial cooperation agreement with a Chinese manufacturer listed on the Hong Kong Stock Exchange.
Isabel Romero
Senior consultant, SLR Consulting
[email protected]
https://www.slrconsulting.com/person/isabel-romero/
Isabel Romero is a senior consultant at SLR Consulting. She specialises primarily in solar technology and also has experience in onshore wind, renewable heat and other low-carbon technologies. Isabel holds an MEng in chemical engineering and an MSc in renewable energy. In her current role, she is responsible for designing layouts for large-scale PV plants, ranging from high-level pre-planning designs to detailed third-party design reviews. She proficiently employs software tools on a weekly basis and collaborates closely with the environmental planning and geographic information systems teams.
In addition to her design responsibilities, Isabel provides technical due diligence and advisory services to a diverse range of stakeholders in the solar sector, including project developers, investors, sellers and owners.
Isabel also conducts glint and glare (G&G) studies. She has extensive experience of ForgeSolar’s GlareGauge tool, which utilises the industry-standard Solar Glare Hazard Analysis Tool methodology to run complex G&G models.
Abhishek Saxena
Co-founder and partner, Phoenix Legal
[email protected]
https://www.linkedin.com/in/abhishek-saxena-ab00b71/
Abhishek Saxena is based at the New Delhi office of Phoenix Legal, a leading full-service law firm with offices in Delhi and Mumbai in India. Abhishek’s practice encompasses cross-border and corporate transactional work, including joint ventures and M&A, infrastructure and energy (including new and renewable energy), structuring and tax advisory, foreign investment and regulation, bankruptcy and restructuring in diverse sectors. He represents reputed Indian companies, foreign investors and multinational corporations (including Fortune 100 companies) in various sectors.
Abhishek has been regularly recommended as a leading lawyer for business by various international legal publications, including Chambers and Partners (Global and Asia Pacific), The Legal 500, IFLR 1000, Who’s Who Legal and Asialaw. Abhishek was included by Asian Legal Business as one of “ALB’s Hot 100”, listing the best legal minds in Asia. He has also been included in “The A-List – India’s Leading 100 Lawyers”, published annually by Indian Business Law Journal.
Nathan Schmidt
Partner, Nishimura & Asahi
[email protected]
https://www.linkedin.com/in/nathangabriel/
Nathan Schmidt is a partner at Nishimura & Asahi, with extensive experience representing sponsors, developers, lenders and EPC companies in connection with the development of Japanese solar PV projects as well other renewable energy projects. Nathan also represents lenders and borrowers on a broad range of banking and finance matters, including real estate financings, leveraged financings, restructurings, project financings and structured finance transactions. He graduated from Duke University School of Law (JD/LLM) in 2003 and practised in New York City with a focus on structured finance transactions until he joined Nishimura & Asahi in 2008.
Sol Sepúlveda
Associate, Pérez-Llorca
[email protected]
https://www.linkedin.com/in/sol-sep%C3%BAlveda-804c3i9/
Sol Sepúlveda specialises in the public law and regulated sectors practices. Her work mainly consists of advising companies on regulatory issues, especially in the energy sector; she also participates in proceedings before public administrations and before the contentiousadministrative jurisdiction, and regularly assists in transactions in the energy field and in other sectors subject to special public control or supervision.
Abigail Sharkey
Associate, Sheppard Mullin
[email protected]
https://www.linkedin.com/in/abigailsharkey/
Abigail Sharkey is an associate in the real estate, energy, land use and environmental practice group in Sheppard Mullin’s Del Mar office. She is a member of the firm’s energy, infrastructure and project finance team. Abigail obtained her JD with a specialisation in environmental law from the University of California Los Angeles School of Law.
Maria Teresa Solaro
Partner, project and structured finance, Green Horse Legal Advisory
[email protected]
https://www.linkedin.com/in/maria-teresa-solaro-aa6b396/
Maria Teresa Solaro leads the project and structured finance practice, specialising in project financing transactions across the infrastructure and energy sectors. She regularly assists top Italian and foreign sponsors and financial institutions with due diligence, risk analysis and allocation, as well as the drafting and negotiation of financial documents and project contracts, culminating in financial closings.
Her expertise extends to structuring and refinancing transactions, including those supported by public guarantees, across various energy projects, such as PV, wind, hydroelectric, biomass and biomethane. She also supports major financial institutions in financing energy infrastructure projects, such as district heating, cogeneration systems and gas transportation. Additionally, Maria Teresa has significant experience in public grants and concession agreements through her involvement in highway, motorway and hospital sector financings. An active participant in the academic and professional community, she speaks at seminars, contributes to master’s programmes, authors articles and is recognised as a Rising Star in the Energy Sector by The Legal 500.
Graeme Steer
Senior consultant, SLR Consulting
[email protected]
https://www.linkedin.com/in/graeme-steer-65b00157/
Graeme Steer is a senior consultant with SLR Consulting, where he is responsible for solar asset management, technical due diligence and solar design. He holds degrees in renewable energy. Graeme supports the asset management team looking after over 130-plus megawatts of wind and solar assets for several clients. He plays a key role in ensuring that clients maximise revenue while minimising risks and ensuring compliance. Lessons learned from in-the-field experience play a key part in the designs and due diligence projects that he also supports the teams on. Graeme has combined experience of roughly 15 gigawatt peak of solar capacity at all life cycle stages. Additionally, he supports on research projects, methodology reviews and so forth to ensure that the advice given is from the cutting edge within the solar field.
Ting Su
Chief legal manager, Loeb & Loeb LLP
[email protected]
https://www.linkedin.com/in/ting-s-b6896b8b/
Ting Su is chief legal manager of the firm’s energy and infrastructure projects team. With over nine years of experience advising large-scale stateowned enterprises, she specialises in energy and infrastructure projects, particularly in oil and gas, LNG-related works such as SPA, MSPA, GSA, TUA and other EPC-related works. Ting also provides general advice to large-scale state-owned enterprises regarding their outbound investments, financial structuring, project operation and maintenance, restructuring and dispute matters. She has successfully advised several public companies and Chinese banks on cross-border litigation and disputes to collect their bad debt, as well as the enforcement of foreign judgments. Additionally, her practice focuses on corporate finance, cross-border mergers and acquisitions, corporate restructuring and offshore investments.
Philip Tonkin
Solicitor, Alight
[email protected]
https://www.linkedin.com/in/philiptonkin1/
Philip Tonkin is a projects lawyer at solar developer Alight, where he works on solar projects across Europe. At Alight, he advises on solar PPAs and M&A. Over the last 10 years, he has advised on several gigawatts of renewable projects. He has experience of all project stages, including development, construction and cross-border M&A. Philip is qualified in England, Wales and Sweden and is based in London.
Tony Toranto
Partner, Sheppard Mullin
[email protected]
https://www.linkedin.com/in/tony-toranto/
Tony Toranto is a partner in the real estate, corporate and finance practice groups in Sheppard Mullin’s Del Mar office. He is leader of the energy, infrastructure and project finance team and a member of the executive committee. Tony is a nationally recognised finance and commercial lawyer with three areas of concentration: corporate, real estate and energy transactions. Tony possesses a dual JD/MBA and started his career as a client in private equity; he brings this commercial understanding to every deal. Tony regularly advises clients on conventional and renewable projects, including some of the largest energy projects in the industry. He counsels clients on corporate and transactional matters, including advising sponsors, creditors and investors on capital, acquisition, disposition, development, financing and leasing transactions. He has advised sponsors, borrowers, lenders, investors, guarantors and other clients on hundreds of transactions totalling billions of dollars.
Belén Wert
Senior associate, Pérez-Llorca
[email protected]
https://www.linkedin.com/in/bel%C3%A9n-wert-moreno-186a0513a/
Belén Wert joined Pérez-Llorca in September 2017, having previously worked at the Madrid office of a top international firm, where she gained experience in administrative law and advised Spanish and international clients on all matters relating to energy law. An expert in administrative law, Belén advises national and international companies on regulatory matters relating to project financing and transactions involving the energy and natural resources sector. Belén has contributed to articles for specialist legal press such as the Anuario de Derecho Administrativo and collaborates with the publications of the Spanish Energy Law Association. She is a member of the Madrid Bar Association. She speaks Spanish, English and Italian.
Matthew Williams
Partner, Addleshaw Goddard LLP
[email protected]
https://www.linkedin.com/in/matthew-williams-a351b1171/
Matthew Williams is a partner in Addleshaw Goddard LLP’s infrastructure, projects and energy practice and acts as the senior adviser to its power sector team. His practice focuses on transactional and regulatory work relating to all aspects of the energy transition, and he has extensive experience on project finance, M&A, commodity trading and general commercial matters. Matthew has established a market-leading power sector M&A practice and over the last 25 years has represented parties involved in multiple acquisitions and disposals of conventional and renewable power assets in the United Kingdom, Europe and Africa. He acts for a broad range of clients, including independent power project developers, utilities, infrastructure funds, investment banks and private trading houses. For the last five years, The Legal 500 directory has recognised Matthew in its “Hall of Fame” category for the UK power sector. Matthew holds an MA in jurisprudence from Oxford University and was formerly an in-house lawyer with the international power project development team at National Power plc. He was a consulting editor for the first edition of this title.
Yolanda Yong
Director, HWF Partners
[email protected]
https://www.linkedin.com/in/yolanda-yong/
Yolanda Yong is the head of renewables and the energy transition at HWF Partners. She has worked on renewable energy projects and investments into and divestments of interests in offshore wind projects, energy from waste, biomass, BESS, grid stability and solar energy projects for lenders, contractors, developers and investors. Yolanda advises on the placement of M&A insurance in respect of transactions in this sector with a particular focus on solar globally. She has acted for a number of leading solar yieldcos and investment funds on the acquisition and sale of numerous developments in construction and operational projects. Yolanda is a qualified solicitor, having practised for over a decade at Orrick, Herrington & Sutcliffe and Ashurst. She holds an MA Cantab in law from the University of Cambridge.