Hot Topics in European Offshore Wind – in partnership with Orrick

Published by Tamarindo in partnership with Orrick.

Daniel Feigin and Derek Rushgrove, managing directors of power and utilities EMEA at Crédit Agricole, joined Adam Smith and Albert Yu from Orrick to discuss hot topics for fixed-bottom and floating offshore wind projects in Europe. These issues include bankability, transmission networks, and technology innovation.

Orrick’s 2024 Offshore Wind Report

This year is set to be the busiest ever for offshore wind, with over 20 auction processes expected globally.

That’s just one of several factors in our review of offshore wind in more than 25 countries that provide reasons for optimism in the sector’s future despite challenges in the last year.

Read Orrick’s Offshore Wind Report

 

Adam Smith
Partner, Energy & Infrastructure at Orrick

Adam is a projects lawyer in the energy, infrastructure and natural resources sectors, advising on some of the most complex and high-value finance, joint venture, M&A and development (including offtake/corporate PPA) matters – often cross-border renewable and energy transition projects globally. Adam has extensive offshore wind project finance and corporate PPA experience, including to advise borrowers, lenders, ECAs, sellers and buyers, particularly in Europe and Asia.
Adam is ranked as a Next Generation Partner by Legal 500 UK 2024 and a Notable Practitioner for Project Finance by IFLR1000.

 

Albert Yu
Partner, Energy & Infrastructure at Orrick

Albert has been active in the energy and infrastructure sector for over 10 years, advising on financings, developments, joint ventures and M&A transactions in the renewable energy space. Albert represents a wide range of clients, working with project sponsors, lenders, export credit agencies and funds on market-leading energy and infrastructure projects in Europe and Asia. Albert’s recent relevant experience in Europe includes advising Ørsted on the divestment and holdco financing of the 1.3 GW Hornsea 2 offshore wind farm in the UK, advising the sponsors on the financing and offtake arrangements for the Dogger Bank offshore wind farms in the UK and advising the Nuclear Liabilities Financing Assurance Board in relation to the Funding Arrangements Plan for the Sizewell C nuclear power project in the UK.

 

Derek Rushgrove
Managing Director, Power & Utilities EMEA at Crédit Agricole CIB & Infrastructure

Derek is a senior member of CACIB’s Power and Utilities EMEA team, has 20+ years experience of both advisory and arranging, and is directly responsible for numerous of the team’s past and current FA engagements.
Derek has played a key role in establishing and developing the bank’s debt advisory capacities in the power sector, and has been leading the bank’s efforts in floating OSW, in EMEA and globally.
Excellent relationships with clients, suppliers, advisors, banks, ECAs, multilaterals. Bilingual English/French, MBA from HEC Paris.

 

Daniel Feigin
Managing Director, Power & Utilities EMEA at Crédit Agricole CIB & Infrastructure

Daniel has over 15 years Project Finance experience, working with the private sector on primary and secondary transactions. Establishing a deep expertise in the energy sector with deal coverage from EfW’s to OSW. He joined CACIB’s project finance team in London in 2015 prior to which he was working at KPMG with the Power and Utilities Debt Advisory Team. Recent transactions include;

  • Financial Advisor for Moray West Offshore Wind Farm (UK)
  • Sole sell-side advisor (M&A & Debt) to Ørsted on the sale of a 50% stake in 1.4GW Hornsea Two offshore wind farm, UK
  • Dogger Bank A, B & C (3.6GW), greenfield financing for three large OSW projects in the UK; MLA
  • Portfolio financing for a trio of Nordic wind projects supported by Corporate PPAs (MLA)
  • Överturingen, Financing Swedish onshore wind project with longest global corporate PPAs (MLA)

Daniel has a First Class bachelor’s degree in Finance, holds the ACSI designation from the Chartered Institute for Securities & Investment (CISI) and has passed the CFA Level 1 and Level 2 examinations.

Learn about growing trends and what’s next in Orrick’s Offshore Wind Report

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