Image

Xue Wang

Partner

Xue is a leading energy and infrastructure projects expert with over 15 years of experience across a wide range of traditional and new energy and infrastructure sectors, including hydrogen / ammonia, EV value chain, LNG and other oil & gas projects, renewable energy (solar, onshore and offshore wind), ports, roads and other transport sectors.

Xue works with sponsors, financial institutions, export credit agencies, policy banks and private capital investors on cutting edge energy and infrastructure projects globally and across the whole life cycle of such projects, including project structuring, commercial contracts, joint venture arrangements, project financing (including various financing structures across the capital stack), M&A and divestments. Xue is particularly experience in large scale, multi-sourced greenfield project financings.

Experience

Representative matters

Recent highlights
The lenders to a joint venture company on the financing of the world’s first giga-scale green hydrogen plant to produce up to 1mtpa of green ammonia in the Kingdom of Saudi Arabia.
JBIC on its project financing for the Triton Knoll Offshore Windfarm, an offshore electricity transmission link connecting the 857 MW Triton Knoll wind farm to the UK grid.

Other Experience
LNG
The Export Credit Agencies and lenders on the development and financing of the USD10bn Coral South FLNG project to be moored in the Area 4 Coral South Offshore Basin, Mozambique. The first-ever project financing of a floating LNG vessel (FLNG), the first LNG project Mozambique and the USD5bn financing was the largest project financing in African history at the time. Midstream Oil & Gas Deal of the Year, IJ Global 2018. ECA-Backed Energy Deal of the Year, TXF 2018.
Prospective ECA and Lenders in relation to the proposed multi-billion dollar Rovuma LNG Project in Mozambique.
The Sponsors including a global financial institution, Korea Gas Corporation, Pertamina and PT Medco Energy on the Donggi-Senoro LNG project in Central Sulawesi, Indonesia. This project is the first true LNG project financing in Indonesia and the first to be developed with the upstream interests ‘split’ from the midstream.
The lenders on the financing of a participating interest in LNG Canada.
Subsidiaries of the sponsors, Inpex and a Gas and Oil Company in relation to ongoing matters on the financing of the USD34bn Ichthys LNG project (an integrated mega-project) in Australia.
The sponsors on all aspects of the development and financing of an LNG to power project in Myanmar employing and FSRU.
An investor in relation to its investment in the MidOcean fund which invests in a portfolio of LNG assets across the world.
A Japanese investor on its participation in an LNG receiving terminal in Mainland China.

Other Oil & Gas and natural resources
Lenders in connection with the proposed financing of a crude oil pipeline and marine terminal to export crude oil from oil fields located in East Africa to the international markets.
China Development Bank in connection with a receivable financing relating to CNODC’s interest in the Buzios oil field.
CPIIM in relation to a world scale bauxite mining convention in Guinea.
A Gas and Oil Company and CPI on the project financing of a coal-to-olefins project in inner Mongolia, PRC.
Gazprom on the South Stream pipeline project.

Power
Private capital lenders in relation to a Holdco refinancing of a portfolio of solar assets in Japan.
Sponsors in relation to a ground-mounted and floating solar project in Bangladesh.
Developer in relation to a sale of a stake in a Taiwanese offshore wind project.
Potential bidders for stakes in various Taiwanese offshore wind projects.
China Three Gorges International Corporation, the major Chinese state-owned power company, as sponsor in the financing of the planned 1,100-MW Kohala hydropower project in Pakistan. This is CTGIC's largest investment in the growing Pakistani hydropower market.
Lenders in relation to the DEWA IV CSP Project in Dubai, UAE.
Sponsors on the development of an onshore wind farm in Taza Morocco financed by JBIC, NEXI-covered commercial lenders and local lenders.
JBIC and the commercial lenders in relation to various matters relating to their financing of the pipeline and power assets in Mexico for Project Jericho.
The Rabigh Independent Power Project, a heavy fuel oil power plant based in the Kingdom of Saudi Arabia, the first power plant to developed by the Saudi Electric Company.
A bid for the PP11 Independent Power Project, a gas-fired power plant based in the Kingdom of Saudi Arabia developed by SEC.
The Qurayyah Independent Power Project, a gas-fired power plant based in the Kingdom of Saudi Arabia developed by SEC.
The Fennovoima nuclear power project, based in Finland, acting for the Finnish government.
The Visaginas nuclear power project, based in Lithuania, acting for a multinational conglomerate as bidder.
A bridge financing for AES Solar in relation to the purchase of photovoltaic cells.
The refinancing of various Fred Olsen wind farm projects.
The Dhahran Area District Cooling Project, a district cooling plant based in the Kingdom of Saudi Arabia.

Pro bono

Vice President of Women in Law Japan (since 2024), a Japanese NPO engaged in the support and development of women in the Japanese legal industry.

Speaking Engagements

  • Panel moderator, "Lessons from Global Stakeholders: Japan's Wind Energy Development Opportunities and Potentials", Japan Wind Energy Conference, 2023
  • Co-presenter, "Lessons From Hydrogen Projects around the World Bankability, Joint Ventures and Offtake for Large scale Hydrogen", Connecting Green Hydrogen APAC, 2023
Recognition
Xue Wang is very responsive.
Chambers Asia Pacific - Projects & Energy: International, 2024
Xue Wang was just really fantastic.
Chambers Asia Pacific - Projects & Energy: International, 2024

Awards

  • Next Generation Partner, ASIA PACIFIC LEGAL 500 JAPAN 2024, 2023 (BANKING AND FINANCE - INTERNATIONAL FIRMS)
  • Next Generation Partner ASIA PACIFIC LEGAL 500 JAPAN 2024, 2023 (PROJECTS & ENERGY - INTERNATIONAL FIRMS)
  • Up and Coming, Chambers Asia Pacific, Japan (Projects & Energy: International Firms) 

Qualifications

Admissions

Admitted as solicitor, England and Wales, 2009
Registered Foreign Lawyer (England & Wales), Japan, 2015 (Tokyo Bar Association)

Academic

MA, Business Studies & Economics, University of Edinburgh, 2004
MA (Hons), University of Edinburgh, 2004
GDL, 2005
LPC, BPP Law School, 2006

Languages

Chinese (Mandarin), English, German