Julian Nichol’s practice focuses on the acquisition, disposal, development and project financing of independent power generation projects and power transmission/distribution projects in the U.K., continental Europe, Africa and the Middle East.
Over the past 20 years, Julian has worked on more than 30 power generation projects encompassing gas, coal, oil, hydro, solar, wind, geothermal and biomass technologies. He also advises clients on transmission and distribution projects including the range of services to grid required as a result of the increasing role played by renewable technologies in the generation mix. Julian’s clients include developers, funds, lenders as well as governments and much of his recent work has been in sub-Saharan Africa where Julian has developed experience in DFI-funded power projects involving the IFC, AfDB, EBRD, EIB, OPIC, Proparco, BDEAC, FMO, DEG, Swedfund and EAIF.
Julian’s recent work includes advising the sponsors on the development and financing of the Kribi and Dibamba IPPs in Cameroon (Cameroon’s first IPPs), advising a major private equity house on the acquisition of a majority equity stake in the Azura Edo IPP in Nigeria and advising the sponsors on the development and financing of the 52.5 MW Shams Ma’an Solar PV Project in Jordan, financed by JBIC, NEXI and a range of international commercial banks.
Recent Notable Matters
Major private equity house — acquisition of a majority equity stake in the Azura Edo IPP, Nigeria
Project company — development and financing of the Kribi and Dibamba IPPs in Cameroon
Developer — geothermal project in Ethiopia
Developer — biomass project in Ghana
Bidding consortium — Ouarzazate-combined solar thermal PV project, Morocco
Sponsor — development of the Mmamabula coal-fired IPP in Botswana
Commercial lender — $30 million mezzanine loan to an energy developer, Cameroon
Sponsor — financing of the Ambatovy nickel mining project, Madagascar
Project company — 52.5 MW Shams Ma’an solar PV project, Jordan
Project company — 10 MW Arabia One solar PV Project, Jordan
Project company — four Tihama co-generation projects located at Juaymah, Ras Tanura, Shedgum and Uthmaniyah in Saudi Arabia
Bidder — Riyadh IPP (PP11) project, Saudi Arabia
Project company — 1024 MW Ras Laffan B IPP, Qatar
Islamic and commercial lenders — $650 million Ras Abu Fontas A1 and A2 desalination projects, Qatar
Commercial lenders and ECAs — $2.3 billion Al Hidd IWPP privatization, Bahrain
Government of Oman — aborted Duqm coal-fired IPP, Oman
Project company — development of three energy-from-waste projects, U.K.
Shortlisted bidder — potential acquisition of U.K. Power Reserve, U.K.
Private equity house — acquisition of a solar PV project, UK
Fund — establishment of a £500 million renewable energy portfolio project, U.K.
Project company — a number of U.K. IPPs including Coryton, Rocksavage, Spalding, Derwent, Brigg and Killingholme
Major power company — acquisition of the global power generation portfolio from Edison Mission Energy (Global)
Project company — disposal of the T-Power IPP, Belgium
Commercial lenders — 110 MW Ujpest IPP, Hungary
Project company — a number of IPPs in Brazil including Ibirite, Carioba, Araucaria and Cubatao