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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

hydrogen drop

Publications: 02 JULY 2021

Clean hydrogen in Europe: The only way forward is together

Clean hydrogen is a central piece of Europe’s Green Deal goal of reaching climate neutrality. 

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Publications: 26 MAY 2021

Financing U.S. carbon capture projects - published in Project Finance International

This article, penned by partners Sam Kamyans, John Marciano and associate Sam Guthrie of Allen & Overy’s global Projects, Energy, Natural Resources and Infrastructure practice, provides a guide to…

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decarbonisation

Publications: 24 MAY 2021

Industrial decarbonisation in the UK: The scene is set

The decarbonisation of industrial processes will be fundamental to the UK achieving its net zero ambitions. It will require the establishment and scaling of new infrastructure segments at a pace never…

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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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