Renewables & Storage

The Renewables team at BCLP provides advice across all areas of the low carbon economy. We have a particular focus on the development, financing and operation of renewable energy assets and related infrastructure.

Our clients in renewables cover the full range of sector participants, from sponsors and financiers through to contractors and government agencies. We have represented owners and developers of projects using a wide range of technologies including on and offshore wind, solar, geothermal, biomass, waste to energy, anaerobic digestion, hydro and tidal as well as projects producing renewable heat and fuel.

Recent highlights

News
BCLP advises Société Générale on the financing of two PV power plants for Corsica Sole
News
BCLP Advises on Financing of Solar Projects for CIBC
Insights
Green Hydrogen: opening of the tendering procedure for financial aid
News
BCLP Los Angeles Managing Partner Named a Leader of Influence by the Los Angeles Business Journal
News
BCLP receives a second recognition in The Legal 500 Green Guide: UK 2025
Insights
Typical transaction documents in a (standalone) BESS project-financing
Insights
Battery storage revenues and routes to market
Insights
A short introduction to BESS projects in Great Britain
News
New partner boosts BCLP’s Energy Transition team

Our integrated service provides knowledgeable lawyers for renewable initiatives in any relevant discipline. The team can help with regulatory matters, planning, permits, grid connections, construction and procurement, supply, operation, offtake and other environmental issues. We also assist with exploring tax credit monetization and the different corporate models for structuring projects.

With considerable experience of advising on financing options, our team is also well-placed to advise on funding, including project finance and other forms of lending. We also have extensive experience with projects involving emerging clean technologies, such as energy storage.

We understand the importance of exploring new and innovative markets and products. As the energy system evolves and decentralises, we advise clients on how they can reduce cost and access new revenue streams. The range of routes to market for renewables generation has expanded and we have helped a number of clients develop corporate PPA products and other low carbon energy solutions. We have also been working with a number of clients on the growing opportunity in the UK, US and Asian storage sectors.

We support clients in identifying commercial solutions to problems, using our experience across the full range of the renewables sector. Our advice is pragmatic and informed by good market practice, as well as a deep understanding of the requirements of all project participants.

  • Advising an infrastructure investment fund on the development and subsequent divestment of a percentage of its interest in three Taiwanese offshore wind projects (circa 2GW).
  • Advising an IFI in relation to the restructuring of its lending to offshore wind turbine supplier Vestas Wind Systems, as part of a broader £1.4 billion refinancing of the Vestas business.
  • Advising UK-based energy company in relation to the development, financing and tender offer of a £100million portfolio of onshore wind farms.
  • Advising a solar energy company on the acquisition, development, financing and, ultimately the c. £93m sale of its Wind Portfolio to the Pension Infrastructure Platform (PiP). The portfolio of 31 assets, with a total capacity of between 15-18MW, is one of the largest collections of feed in tariff backed wind assets in the UK.
  • Advising on the development and purchase of electricity from a 6 MW floating solar PV project on the QEII reservoir outside London, at the time the world’s largest floating solar PV installation (over 23,000 panels).
  • Advising a development bank in connection with the co-financing of two offshore wind farms in Germany, with a total investment amount of EUR 1.4 bn.
  • Advising on the US$1.5bn development of onshore wind generation facilities in Mexico.
  • Advising a leading Philippines power company on the acquisition of 2 x 55 MW greenfield geothermal power projects in Indonesia and on the underlying PPA with PLN.

Our integrated service provides knowledgeable lawyers for renewable initiatives in any relevant discipline. The team can help with regulatory matters, planning, permits, grid connections, construction and procurement, supply, operation, offtake and other environmental issues. We also assist with exploring tax credit monetization and the different corporate models for structuring projects.

With considerable experience of advising on financing options, our team is also well-placed to advise on funding, including project finance and other forms of lending. We also have extensive experience with projects involving emerging clean technologies, such as energy storage.

We understand the importance of exploring new and innovative markets and products. As the energy system evolves and decentralises, we advise clients on how they can reduce cost and access new revenue streams. The range of routes to market for renewables generation has expanded and we have helped a number of clients develop corporate PPA products and other low carbon energy solutions. We have also been working with a number of clients on the growing opportunity in the UK, US and Asian storage sectors.

We support clients in identifying commercial solutions to problems, using our experience across the full range of the renewables sector. Our advice is pragmatic and informed by good market practice, as well as a deep understanding of the requirements of all project participants.

  • Advising an infrastructure investment fund on the development and subsequent divestment of a percentage of its interest in three Taiwanese offshore wind projects (circa 2GW).
  • Advising an IFI in relation to the restructuring of its lending to offshore wind turbine supplier Vestas Wind Systems, as part of a broader £1.4 billion refinancing of the Vestas business.
  • Advising UK-based energy company in relation to the development, financing and tender offer of a £100million portfolio of onshore wind farms.
  • Advising a solar energy company on the acquisition, development, financing and, ultimately the c. £93m sale of its Wind Portfolio to the Pension Infrastructure Platform (PiP). The portfolio of 31 assets, with a total capacity of between 15-18MW, is one of the largest collections of feed in tariff backed wind assets in the UK.
  • Advising on the development and purchase of electricity from a 6 MW floating solar PV project on the QEII reservoir outside London, at the time the world’s largest floating solar PV installation (over 23,000 panels).
  • Advising a development bank in connection with the co-financing of two offshore wind farms in Germany, with a total investment amount of EUR 1.4 bn.
  • Advising on the US$1.5bn development of onshore wind generation facilities in Mexico.
  • Advising a leading Philippines power company on the acquisition of 2 x 55 MW greenfield geothermal power projects in Indonesia and on the underlying PPA with PLN.

News & Insights

Insights
Nov 11, 2024

Typical transaction documents in a (standalone) BESS project-financing

Further to our previous articles on the market and sources of revenue for (standalone) project-financed BESS projects, this article considers the core transaction documents making up a project-financed BESS project and the similarity between these and the transaction documents commonly used in other renewable energy projects.  Whilst there are many commonalities with these other project-financed renewable energy projects, there are also key differences – in particular in respect of revenue contracts and the nature and terms of these. Below we briefly consider the transaction documents that are broadly similar to other (project-financed) renewable energy projects, and we then go on to consider in greater detail the relevant differences.
Insights
Oct 14, 2024

Battery storage revenues and routes to market

As covered briefly in our previous article, the “route to market” / offtake arrangements/ revenue contracts are perhaps the key difference between battery energy storage systems (BESS) projects and other project-financed renewable energy projects; often there is material exposure to market (or ‘merchant’) risk and this makes them arguably more challenging to project-finance for lenders.  In this article, we discuss the nature of revenue in a (standalone) BESS project, how electricity storage providers “stack” these revenues and we briefly introduce the contractual structures that are used in connection with the route to market for BESS projects (which we will cover in greater detail in our next article).
Insights
Sep 30, 2024

A short introduction to BESS projects in Great Britain

In a new series of articles we will explore: what BESS is;  why it is needed/what drives investment in BESS; key regulatory considerations for BESS; the structure and financing of BESS projects; the nature of revenues available to BESS projects, including revenue stacking and route to market agreements (RTMAs); and the future development of BESS.
Insights
Feb 22, 2023

Renewable Energy Case Update

Insights
Nov 04, 2021

Staying Alive: Extending the Life of a DCO

The regime for Nationally Significant Infrastructure Projects (NSIPs) allows for Development Consent Orders (DCOs) to be granted for a set period of time (often 5 years), but only recently has it become clear that time limits can be extended to keep DCOs alive.

News & Insights

Insights
Feb 27, 2025
Green Hydrogen: opening of the tendering procedure for financial aid
Insights
Nov 11, 2024
Typical transaction documents in a (standalone) BESS project-financing
Further to our previous articles on the market and sources of revenue for (standalone) project-financed BESS projects, this article considers the core transaction documents making up a project-financed BESS project and the similarity between these and the transaction documents commonly used in other renewable energy projects.  Whilst there are many commonalities with these other project-financed renewable energy projects, there are also key differences – in particular in respect of revenue contracts and the nature and terms of these. Below we briefly consider the transaction documents that are broadly similar to other (project-financed) renewable energy projects, and we then go on to consider in greater detail the relevant differences.
Insights
Oct 14, 2024
Battery storage revenues and routes to market
As covered briefly in our previous article, the “route to market” / offtake arrangements/ revenue contracts are perhaps the key difference between battery energy storage systems (BESS) projects and other project-financed renewable energy projects; often there is material exposure to market (or ‘merchant’) risk and this makes them arguably more challenging to project-finance for lenders.  In this article, we discuss the nature of revenue in a (standalone) BESS project, how electricity storage providers “stack” these revenues and we briefly introduce the contractual structures that are used in connection with the route to market for BESS projects (which we will cover in greater detail in our next article).
Insights
Sep 30, 2024
A short introduction to BESS projects in Great Britain
In a new series of articles we will explore: what BESS is;  why it is needed/what drives investment in BESS; key regulatory considerations for BESS; the structure and financing of BESS projects; the nature of revenues available to BESS projects, including revenue stacking and route to market agreements (RTMAs); and the future development of BESS.
Insights
Mar 25, 2024
The UK hydrogen policy – infrastructure and industry concerns
Insights
Jun 16, 2023
Key takeaways from the United States - Australia Climate, Critical Minerals and Clean Energy Compact
Insights
Feb 22, 2023
Renewable Energy Case Update
Insights
Nov 04, 2021
Staying Alive: Extending the Life of a DCO
The regime for Nationally Significant Infrastructure Projects (NSIPs) allows for Development Consent Orders (DCOs) to be granted for a set period of time (often 5 years), but only recently has it become clear that time limits can be extended to keep DCOs alive.
Insights
Sep 16, 2021
UK Energy National Policy Statement Review: Overview of consultation drafts

Meet our sector leaders

Deborah Greenwood

Deborah Greenwood

Senior Consultant, London

+44 (0) 20 3400 2210
Peter O. Hansen
+1 303 866 0206
Steven B. Richardson

Steven B. Richardson

Senior Counsel, Denver

+1 303 866 0349
Deborah Greenwood

Deborah Greenwood

Senior Consultant, London

+44 (0) 20 3400 2210
Peter O. Hansen
+1 303 866 0206
Steven B. Richardson

Steven B. Richardson

Senior Counsel, Denver

+1 303 866 0349
Bryan E. Keyt

Bryan E. Keyt

Partner and Global Practice Group Leader - Energy, Environment and Infrastructure, Chicago

+1 312 602 5036