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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, 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.

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 and insights

Publications: 08 January 2024

Takeaways from Treasury's proposed regulations on U.S. tax credits for clean hydrogen production

The U.S. Treasury Department (Treasury) and the Internal Revenue Service (the IRS) issued proposed regulations on December 22, 2023, providing initial guidance on the clean hydrogen tax credit under…

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Solar panels

News: 04 January 2024

A&O advises Advantage Capital on its USD185 million tax equity financing to Sabanci Renewables for the Cutlass Solar II Project

Los Angeles – Allen & Overy advised Advantage Capital on its commitment to provide a USD185 million investment to Sabanci Renewables Inc., a North American subsidiary of Sabanci Holding, to complete…

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Sun shining on skyscrapers

Publications: 20 September 2023

Webinar: The FERC (Inter)Connection

In this webinar, our team discusses FERC’s recent Order No. 2023, the long-awaited final rule reforming the nation’s generator interconnection processes. 

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Ornate architectural columns against a cloudy blue sky

Publications: 17 April 2023

The energy community tax credit – IRS provides investors with certainty

The Internal Revenue Service issued Notice 2023-29 (the “Guidance”), which provides helpful guidance for energy projects seeking to evaluate whether they qualify for enhanced tax incentives under the…

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