A number of factors are driving increasing interest in energy networks (electricity & gas transmission and distribution):
forecast growth in the demand for energy globally; the need to support new low-carbon generation capacity; the need to replace dated infrastructure to improve demand management (smartgrids & smartmeters); regulatory pressure in some jurisdictions to separate transmission, generation, supply and distribution businesses and increasing investor appetite for a stable regulated income stream.
Allen & Overy provides pioneering advice on the entire lifecycle of these assets, from the consenting and planning process, through to the construction, financing, operation, maintenance and ultimately their sale or refinancing. We are at the forefront of the energy networks market, advising debt funders (including banks, bond arrangers, ECAs, DFIs and multilaterals), sellers and acquirers (on M&A transactions), sponsors, corporates (including large vertically integrated utilities), suppliers, manufacturers and governments on market leading projects and transactions globally. These transactions are supported by our specialists in areas such as environmental law, regulatory, tax and planning.
News & insights
Publications: 18 MARCH 2020
The Court of Appeal of England and Wales has upheld the High Court’s verdict in Kadie Kalma & ors v African Minerals Ltd & ors  EWCA Civ 144. This is an important case for businesses exposed to human rights risks through their reliance on third parties, particularly state security forces, in relation to their operations abroad. The finding in this appeal confirms the limits on the circumstances in which a company can be held liable for harms caused by such third parties.Read more
News: 06 FEBRUARY 2020
Allen & Overy advised The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, on two facilities for an aggregate value of USD250m to Sonatrach Petroleum Investment Corporation (SPIC), a subsidiary of Sonatrach S.p.A., the Algerian state-owned national oil company.Read more
News: 07 JANUARY 2020
A&O has marked the end of Q4 2019 with a stellar performance in the M&A league tables; the result of advising on a number of complex, high-value transactions in a wide range of sectors and markets, around our global network in 2019.Read more
Publications: 01 MAY 2019
On 4 April 2019, the Belgian Parliament adopted a law introducing a competitive bidding procedure to award domain concessions for new offshore wind farms. In addition to setting out a general framework for the competitive bidding procedure, the law aims to further reduce subsidies granted to offshore wind electricity production while recognising that new wind farms are essential to achieving Belgium’s renewable energy targets under its EU and international commitments.Read more