- Significant Matters
The energy sector is a major area of development and growth across Africa and investment opportunities are on the rise.
We advise at all stages of the economic life cycle of energy projects from development, procurement and construction through to commercial operation including project financing and other financing structures.
Our energy specialists have unique knowledge of the sector in Sub-Saharan Africa having been involved in several ground-breaking domestic and cross-border projects in the region. Our presence ‘on-the-ground’ and familiarity with the risks of energy-related investments differentiate us from competitors.
We understand the different energy markets across the region and the challenges to the development of the sector including policy uncertainty, procurement and execution risks, off-take and market risks, tariff regulation, social and environmental risks, and the project risks posed by scarce transportation logistics, pipeline and grid infrastructure.
Our power experience covers a wide range of renewable energy projects including geothermal, small hydro, solar photovoltaic, concentrated solar power, biomass, on-shore wind and other technologies, as well as power generation projects using piped natural gas, coal, diesel and heavy fuel oils.
Our transactional expertise covers the full spectrum of project and finance documentation including negotiation of agreements on power purchase and supply, fuel and feedstock supply, construction, operation and maintenance, technical support, grid connection and use, land acquisition, wheeling services, as well as equity funding, shareholder and sponsor support and subordination, standby facilities, senior debt facilities, mezzanine funding, CPI debt, preference share financing, senior debt security, contractor security, lender direct agreements.
We also have a dedicated and specialised oil and gas offering (upstream, midstream and downstream), with industry-experienced oil and gas lawyers.
In addition, we provide a full service within the secondary market for investments because our energy lawyers team up with our other specialists in anti-trust, mergers and acquisitions, private equity, international and domestic tax.
Our energy expertise has been ranked in Tier 1 by IFLR1000 (2018) and in Band 1 by Chambers and Partners 2018.
We act for a wide range of clients including developers, sponsors, public utilities, funds, commercial banks and other financial institutions, and governments. As an independent law firm, we are also able to partner with a range of international law firms where appropriate in relation to cross-border projects.
Specialist practice areas:
- Project Finance
- Public Procurement
- Public Law and Regulatory
- Commercial Property
- Ports, Transport and Logistics
- Dispute Resolution
- Corporate M&A
- Governance, Compliance and Investigations
- AEP Energy Africa on its listing on the AltX
- Absa’s cross border credit facility to Lake Oil, Tanzania
- The Department of Energy’s REIPPP Programme
- Eskom Board’s investigations into past corruption
- First Quantum Minerals cross border procurement of bulk electrical power
- Gigawatt Mozambique S.A’s 100MW gas fired power station in Mozambique
- Eskom’s right to distribute electricity within municipal boundaries