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Forecast demand for energy in the medium to long term, driven primarily by population growth and the need to replace ageing assets, means that thermal power still has an important part to play in the global energy mix.

Thermal power, including coal, oil and gas fired generation, may also see its future share of the energy mix increase as carbon abatement and sequestration technologies move from demonstration projects to full commercial viability. All these factors make this an exciting industry to work in, and one that requires its advisers to have sector–specific knowledge backed up by a global resource capability.

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 refinancing or sale. We are at the forefront of the traditional power generation market, advising debt funders (including banks, bond arrangers, ECAs, DFIs and multilaterals), sellers and acquirers (on M&A transactions), sponsors, corporates, suppliers, manufacturers and governments on market leading projects and transactions globally.  These transactions are supported by our specialists in areas such as environmental, regulatory, antitrust, tax, employment and planning law. 

News & insights

Offshore wind turbines against a blue cloudy sky

News: 14 JANUARY 2021

Allen & Overy advises Ørsted on the 605.2MW Greater Changhua 1 offshore wind project in Taiwan

Allen & Overy has acted as legal adviser to energy company Ørsted (as sponsor) on the construction arrangements and sale (and related purchaser financing arrangements) of a 50% stake in the 605.2MW…

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City, sun reflecting from the glass buildings

Publications: 19 JUNE 2020

European Commission targets foreign subsidies causing market distortions

As part of a broader effort to reshape the EU’s trade policy, the European Commission (EC) proposes to expand its toolbox to tackle foreign subsidies undermining the level playing field in the EU’s…

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Publications: 13 MAY 2020

Banking Solar in Vietnam – a look at the next wave of renewable power projects in Vietnam

In this article Won Myong Hong, Tristan Knowles and Claire Alebik at Asian Development Bank, and Adam Moncrieff, Thuy Huynh and Alex Ross describe the challenges faced on the ground-breaking GTN2…

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Spiral of lights

Publications: 14 APRIL 2020

New developments for Vietnam renewable energy

The Government of Vietnam has issued its highly anticipated policy, Decision 13, providing for new feed-in-tariffs for solar power projects in Vietnam. The new solar FiTs will apply for projects which…

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