Climate Change: Project Investment
We advise on all aspects of investment, approval, development, construction, operation and tax structuring of renewable and alternative energy projects worldwide. We help emerging technology companies in each stage of the corporate life cycle across many industries, including solar, wind, geothermal, hydropower projects and transactions, alternative “clean coal,” ethanol, biodiesel, biomass-related energy, and nuclear.
Our environmental, trading, and project development attorneys advise on all aspects of investment in and approval of Clean Development Mechanism (CDM) and Joint Implementation (JI) projects from project design document (PDD) approval to financing and further monetization using Emissions Reduction Purchase Agreements (ERPAs) in the context of project finance transactions. Further, we have advised on investments in and due diligence on Kyoto-related products and funds.
The firm has extensive experience in:
The firm also has extensive experience in carbon reduction projects:
- The firm is advising an ocean energy developer relating to CDM opportunities under the Kyoto Protocol.
- The firm is advising a hedge fund on legal and operational issues relating to an investment in a JI project in Russia.
- The firm has advised on the approval process for various methodologies under Project Design Documents submitted for both JI and the CDM projects, including on the question of additionality.
- The firm advised a leading participant in the worldwide independent power market on how to evaluate and monetize greenhouse gas reductions in its international project development activities and established a template for the capture of carbon dioxide credits in various international power development projects, including developing contracts for the allocation of greenhouse gas credits and risks associated with those credits.
- The firm is experienced in clean coal technology projects, and has obtained client tax benefits for clean coal technology under the Energy Policy Act.