This category is aimed at advisers focused on either the energy and natural resources sector or those advising on high-stakes infrastructure, including major transport projects. Although we will be accepting submissions covering corporate matters, as well as contentious work, it is not the size of the deal that counts but the industry knowledge behind it. The winner will have advised on a trailblazing matter that has significantly affected the market.
2017 WINNER: CMS Cameron McKenna
Advising the Mexican Ministry of Energy on the reform of the electricity industry in Mexico – the largest market reform in the world for more than a decade – involving restructuring the electricity industry, creating a completely new wholesale electricity market and designing auctions for the procurement of a large pipeline of renewable energy projects.
A multidisciplinary team advised on establishing M&S Energy Society, a first-of-a-kind collaboration between a major retailer and community energy developer, which led to a novel off-balance sheet community funding programme for installation of solar panels across M&S stores.
Advised the international banks on the $500m credit facility to Ghana National Petroleum Corporation to support its role in the development of the Sankofa Gas Project in western Ghana. This is expected to create $2.3bn in revenue and change the face of power generation in the country.
Advising Arenko Cleantech on its headline 200MW UK battery energy storage project, proclaimed as the UK’s largest multi-site energy storage development. The transaction required a deep understanding of UK electricity regulation at transmission and distribution level and a deal structure that would appeal to the lenders.
SHEARMAN & STERLING
John Inglis, Anthony Patten
Representing K-Sure and the commercial lenders on the $1bn development and financing of an LNG receiving and regasification terminal in Bahrain. The project will be developed on a BOOT basis and is the first terminal of its kind in the Middle East to be developed through a PPP scheme.
SULLIVAN & CROMWELL
Advising Tengizchevroil on a $16bn multi‐source senior secured expansion financing for a $42.4bn Future Growth Project and Wellhead Pressure Management Project, the largest upstream oil industry project financing ever, the largest upstream project since 2014 and the second-largest project financing ever.