Simon Stevens represents developers and lenders in renewable and conventional energy and infrastructure projects, particularly in the Middle East and Africa. This counsel includes projects proposed through competitive bid tenders. He has experience with combined and simple cycle and integrated water and power projects, solar power, geothermal power, wind power, clean coal and nuclear power, and non-power infrastructure, such as water desalination plants.
In addition, Simon negotiates and drafts financing documents, including governed documentation for senior secured loans, equity bridge facilities, mezzanine debt financing and equity financing. He also has experience drafting, negotiating and reviewing project documentation, particularly engineering procurement and construction agreements.
Prior to his legal career, Simon served as a sergeant in the U.S. Army.
Recent Notable Matters
Alcazar Energy Partners — acquisition of the Ma’an Solar PV Project in Jordan
Alcazar Energy Partners — development and financing of the 82 MW Al Rajef Wind IPP in Jordan
Wind power developer — development and financing of a first round Wind IPP project in Jordan
Sohar Power Company — certain contractual matters for the Sohar power and desalination plant in Oman
Bidding consortium — Sweihan IPP project in Abu Dhabi
Lenders to a bidding consortium — Umm Al Hayman wastewater project in Kuwait
Multiple sponsors — solar PV and wind projects being developed in connection with the feed-in-tariff programme in Egypt
Bidding consortium — 800 MW Phase III of the Mohammed Bin Rashid Al Maktoum Solar Park, Dubai, U.A.E.
Lenders to a bidding consortium — 100 MW Phase II of the Mohammed Bin Rashid Al Maktoum Solar Park, Dubai, U.A.E.
Bidder — 280 MW integrated solar combined cycle independent power project at Al Abdaliya, Kuwait
Sponsor consortium — one of the solar projects shortlisted in Round 2 of the direct bid process in Jordan
Adenium Energy Capital — development and financing of three 10 MW and one 20 MW solar PV projects in the context of Round 1 of the Jordanian direct bid process (each of which is part of the “Seven Sisters” projects, awarded Middle East Renewables Deal of the Year 2014 and the Middle East Overall Deal of the Year 2014 by IJGlobal Middle East)
Sponsors — Fadhili cogeneration project in Saudi Arabia
Sponsors — project financed Fadhili bachelor camp project in Saudi Arabia
Sponsors — Mirfa IWPP in Abu Dhabi
Sponsors — Facility D IWPP in Qatar
Sponsors — bid for the Salalah II project in Oman
Sponsors — oil shale independent power project and captive oil shale mine in Jordan
U.S. Department of Energy — $96.8 million loan guaranty for the construction of a geothermal project located in Malheur County, Oregon; a proposed loan guarantee to Georgia Power Company, Oglethorpe Power Corporation and Municipal Electric Authority of Georgia for the financing of the 2,214 MW Vogtle nuclear power project in Georgia; the potential financing of the Kemper 582 MW Integrated Gas Combined Cycle clean lignite-fueled project located in Georgia
Gestamp Eólica and First Wind — acquisition of the development-stage 60 MW Flat Water wind farm in Nebraska; the development-stage 50 MW Roth Rock and 50 MW Roth Rock North wind farms in Maryland; in the acquisition of a controlling interest in the development-stage 23 MW Punta Lima wind farm in Puerto Rico; in respect of multiple project investment transactions, including the $102 million tax equity investment in the 203.5 MW wind farm in Utah; a $90 million tax equity investment in its 60 MW wind farm in Maine; and a $60 million tax equity investment in the 40 MW wind farm in Vermont
American Solar Direct — $50 million tax equity investment by Washington Gas in a partnership for the development and ownership of a portfolio of residential solar projects in California
Union Bank — financing of the 21 MW Blythe solar PV project in California
Royal Bank of Scotland, plc and Union Bank — $534 million project finance/mezzanine syndicated financing of two dual-fired peaking power projects in Connecticut being developed by GenConn energy, a joint venture between NRG Energy, Inc. and The United Illuminating Company
Publications and Speeches
“Lender Expectations for Solar PV EPC Contracts,” Middle East Solar Industry Association Trade Mission to Jordan and Palestine, November 15, 2016.
“Raising Limited Recourse Finance in Jordan: Opportunities and Challenges,” Middle East Solar Industry Association Trade Mission to Jordan and Palestine, November 15, 2016.
“Sunrise in Pakistan as the Country Delves into Solar PV,” RenewableEnergyWorld.com, August 12, 2015.
“Project Finance Panel,” Middle East Solar Industry Association’s Renewable Energy Trade Mission, April 28, 2015.
“Egypt’s Renewable FIT Program Gains Traction,” RenewableEnergyWorld.com, April 24, 2015.
“Scaling Solar Energy in MENA through PPPs,” World Green Economy Summit & Public-Private Partnerships Platform, Dubai, U.A.E., April 23, 2015.
“How to Improve Your Cost of Capital,” Best Practices in Financing Large-Scale Solar Projects, Dubai, U.A.E., June 23, 2014.
“How to Be Successful in Jordan’s Round II & Round III Direct Proposal Solar Program,” MENASOL, Dubai, U.A.E., May 7, 2014.
“Real Risks and Perceived Risks of Lenders’ Funding of Renewable Energy in Jordan,” Jordan Solar Projects Finance Workshop, Amman, Jordan, November 11, 2013.
“Islamic Bonds Go Mainstream,” Infrastructure Journal, October 24, 2013 (Part 1) and November 1, 2013 (Part II).
“Limited and Non-Recourse Project Financing,” Financing Solar Projects in the Middle East, Dubai, U.A.E., October 21, 2013.
“Sisyphus or CFIUS – Can the President Roll the Development of Your Power Deal Down the Mountain?” Power Finance & Risk, October 22, 2012.