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Clifford Chance

Clifford Chance

Energy transition

The global shift from fossil fuels to low-carbon energy

The energy transition is the global shift from fossil fuels to renewables and low-carbon energy sources to reduce energy-related carbon emissions and limit climate change.

The energy transition requires a massive and increased rate of investment in renewable energy, increased electrification of industry, transportation, and heating, as well as the development of electrofuels like green hydrogen where electricity is not a good substitute for hydrocarbons, and carbon capture and storage at scale to capture emissions that cannot be prevented.

We advise clients on the full breadth of energy transition-related opportunities from a project financing and development, regulatory, M&A, joint venture and construction standpoint.

Our lawyers have been involved in many first-of-a-kind and award-winning matters across onshore and offshore wind, floating offshore wind, solar, carbon capture, clean hydrogen, battery storage, EV charging, grids, interconnection, carbon trading, infratech and new nuclear.

Recent client highlights

 
 
  • Calisen Refinancing, UK: Advised Calisen in relation to the £1.1 billion refinancing of their UK smart metering business. European Digital Infrastructure Refinancing (Smart Meter) Deal of the Year 2020, IJGlobal Awards.
  • Al Dhafra Solar Project, UAEAdvised the lenders on the landmark project financing of a 2GW solar plant in the Al Dhafra region of the UAE. Once constructed, the project will be the largest PV power project in the world to date. MENA Renewables Deal of the Year 2020, IJGlobal Awards.
  • Murra Murra Stage II Wind Farm, Australia: Advised Partners Group on the AU$180 million investment in Victoria's Murra Murra Wind FarmAustralia Green Deal of the Year 2020, PFI Awards.

 
  • Viking Link Interconnector, UK/DenmarkAdvised the lenders on the export credit agencies (ECA)-backed financing of a pan-European subsea electricity cable, known as an interconnector, between the UK and Denmark. Named Viking Link, the 1400 MW cable will supply renewable energy to 1.4 million households thereby contributing to a more effective use of green energy.
  • Carbon offsetting agreements: Advised easyJet on carbon offsetting agreements in relation to its commitment to offset the carbon from all of domestic and international flights. 
  • Nigeria SMR: Advised a developer on a SMR project in Nigeria, including Government support arrangements, regulatory requirements, procurement, construction, equity arrangements and financing. This will be the first nuclear power project in Nigeria.