ESG & Energy Transition

• Land acquisition and site control
• Environmental planning and compliance
• Permitting
• Carbon capture and sequestration
• Construction
• Environmental assessment legislation
• Brownfield sites (including risk management and insurance)

• Incentive schemes (including CfDs and RHIs)
• Corporate PPAs
• Operating and maintenance agreements
• Procurement and service agreements
• Environmental compliance

RGreen Invest

Advised RGreen Invest, the leading France-based portfolio management company focused on financing the energy transition, with more than €1.4 billion of assets under management in its partnership with NW Groupe for the creation of their strategic joint venture NW Storm and in the related fundraising.

NW Groupe is raising €300 million from RGreen Invest on behalf of its subsidiary NW Storm, thus becoming the first French unicorn of the energy transition, valued at €1.5 billion. This investment will allow NW Storm to accelerate its deployment program and significantly increase the number of high-powered electric charging stations (IECharge) and JBoxes for energy storage.

Public Service Company of Oklahoma (PSO)

Advised Public Service Company of Oklahoma (PSO), a subsidiary of American Electric Power, in connection with its proposed US$2.47 billion fuel-free power plan to purchase three new wind farms and three new solar facilities, which would provide 995.5 megawatts of new, cost-effective renewable energy. The six projects, consisting of facilities in Texas and Kansas, were chosen through a competitive bidding process and are expected to be completed in 2025.

Qair International

Advised Qair International, an independent renewable energy producer, on three issues of green bonds totaling €88.9 million. The issue will enable it to finance new power plants of renewable energy production in Europe. With this first Euro PP Green Bond, the group has undertaken to comply with strict “green” commitments in terms of use of the funds, traceability of investments made and reporting, thereby following the standards set by the Green Bond Principles issued by the International Capital Markets Association. The issue proved extremely successful with institutional investors. Crédit Industriel et Commercial (CIC) acted as arranger and lead manager, with the support of Crédit Agricole Languedoc as co-arranger. The European Bank subscribed to a part of these green bonds.

Port of London Authority

Advised the Port of London Authority (PLA) in providing a loan facility to Net Zero Marine Services (NZMS) for the construction and operation of charging points for electric vessels and equipment at two locations on the river Thames. The charging points will be located on moveable pontoon structures in the river and connected to the grid at permanent concrete platforms on the shoreline. This transaction highlights the focus of the PLA to support sustainable projects on the river and is a notable development in decarbonizing operations on the Thames.

California's climate reporting laws

Advising numerous companies on compliance with California’s new climate reporting laws. SB 253 applies to companies doing business in California with an annual revenue of US$1 billion or more and requires reporting scope 1 and 2 emissions in 2026, and scope 3 in 2027. SB 261 applies to companies doing business in California with annual revenue of US$500 million or more and requires reporting by 2026 climate-related risks and mitigation efforts.

Peabody Energy Corporation

Advising Peabody Energy Corporation in connection with its launch of R3 Renewables LLC, a renewable energy development company, in a joint venture with Riverstone Credit Partners and Summit Partners Credit Advisors.

Over the next five years, R3 intends to develop more than 3.3GW worth of solar PV facilities and 1.6GW of battery storage capacity. The company will initially focus on developing renewable energy assets at six sites near Peabody’s former mining sites in Indiana and Illinois.