Clifford Chance’s long-standing projects team is increasingly advising clients within the renewable energy sector, including on offshore wind, solar, and energy storage projects; moving away from the more traditional subsectors of oil and gas that the firm has historically focused in. The team acts for sponsors, banks, export credit agencies, multilateral financial institutions and development banks amongst others. Matthew Buchanan, who co-leads the projects practice, is also Asia Pacific head of construction, and adds construction expertise to project mandates, making the firm’s projects team stand out. Buchanan’s practice focuses in the oil and gas and power sectors. Notably, Nicholas Wong has vast experience advising on project development and financing, energy regulation, bankability of projects structures, joint ventures, PPP and procurement. Ross Howard specialises in advising sponsors and lenders in connection with the development and financing of complex projects, including in the power, oil & gas, infrastructure and renewable energy sectors.
Key clients
- Asian Development Bank (ADB)
- Caisse de dépôt et placement du Québec (CDPQ)
- Actis
- Ontario Teachers' Pension Plan (OTPP)
- Japan Bank for International Cooperation (JBIC)
- DFC (formerly Overseas Private Investment Corporation (OPIC))
- KEXIM
- K-Sure
- EKF
Work highlights
- Advised the ECAs and lenders in relation to the construction and operating period financing of the 1,022MW Hai Long Offshore Wind Farm project, Taiwan. The Project consists of the 294MW Hai Long 2A Offshore Wind Farm, the 224MW Hai Long 2B Offshore Wind Farm and the 504MW Hai long 3 Offshore Wind Farm.
- Advised a syndicate of international banks, led by Bank of China and ING as initial mandated lead arrangers, on the international aspects of its approximately US$3.9 billion financing for the development of a nationwide 4G and 5G telecommunications network in the Philippines by Dito Telecommunity Corporation (Dito), the third and newest telecommunications operator in the Philippines.
- Advising the lenders, including development finance institutions and commercial banks in relation to the development and financing of a 584MW natural gas-fired combined cycle power plant in Bangladesh.
Lawyers
Practice head
The lawyer(s) leading their teams.
Nicholas Wong, Matthew Buchanan, Ross Howard