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Shepherd and Wedderburn

Work 0131 228 9900
Fax 0131 228 1222
551970 EDINBURGH-53

Clare Foster

Work 0131 473 5409
Shepherd and Wedderburn

Work Department

Banking and Head of Clean Energy


Clare is a partner in the banking team (who leads our project finance practice) and is head of Clean Energy at Shepherd and Wedderburn. She is widely recognised and a highly regarded practitioner in the project finance market, with a particular focus on power sector projects (particularly in the renewables arena) and infrastructure projects. Qualified in both Scottish and English jurisdictions she advises clients on projects spanning the energy sector spectrum (including onshore wind, offshore wind, biomass, energy efficiency, tidal and small scale renewables) and infrastructure sector (including health, education, accommodation, transport and waste management). Clare has been involved in some of the highest profile (and in some cases world firsts) finance transactions in these sectors. Clare’s work includes advising UK Green Investment Bank on the development and deployment (both in Scotland and England) of its first product, the Green Loan (with five projects signed to date across the UK), acting for the Renewable Energy Investment Fund in providing project finance debt and equity to MeyGen Limited (the world’s first commercial tidal array project), and advising the senior creditor group on the Scottish aspects of one of the largest and most complex road projects involving bond financing in the UK – The Aberdeen Western Peripheral Route NPD Roads Project. Clients have stated that Clare ‘…impresses with her understanding of the financing of projects’. One source described her as ‘phenomenally good’. Clare regularly acts as lead counsel representing lenders, consortia/sponsors and authorities both north and south of the border and usually leads the multi-disciplinary team required to bring deals swiftly to financial close.


Trained Shepherd and Wedderburn; admitted as a solicitor in Scotland 1996; assistant solicitor/senior solicitor Dundas & Wilson C.S 1996-2001; admitted as a solicitor in England and Wales 1998; associate McGrigors 2001-03; senior associate Dundas & Wilson C.S LLP 2003-06; partner Pinsent Masons LLP 2006-2012; partner Shepherd and Wedderburn LLP 2012 to date.


Law Society of Scotland; Law Society (England and Wales).


University of Strathclyde (1993 LLB (Hons), 1994 DipLP); College of Law, London (1998).


Swimming, tennis, travel.

Scotland: Finance

Banking and finance

Within: Banking and finance

Shepherd and Wedderburn has a strong track record in financing transactions, demonstrated by its broad client roster of commercial and investment banks, corporate borrowers, sponsors and developers. The group also has varied sector expertise, acting across the energy and natural resources, real estate and infrastructure, food and drink, healthcare, hotels and leisure sectors. Fiona Buchanan heads up the group, which also fields consultant Graham Burnside, Andrew Kinnes, who specialises in banking, asset-based lending and securitisation work; and Clare Foster, who leads the firm's clean energy practice and project finance team. Hamish Patrick heads up the firm's financial sector group and has substantial expertise in the securitisation space.

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Scotland: Projects, energy and natural resources

Energy (excluding oil and gas)

Within: Leading individuals

Clare Foster - Shepherd and Wedderburn

Within: Energy (excluding oil and gas)

The energy team at Shepherd and Wedderburn focuses on its key sub-sectors of offshore wind, onshore storage, floating wind and tidal, low carbon and transmission. Practice head Clare Foster specialises in project finance work and leads the firm's multi-disciplinary practice, which includes experts from the regulatory, corporate, construction, real estate and disputes groups. Moray Thomson and Anthony McEwan joined the firm from DWF to strengthen the planning and commercial real estate teams; and James Saunders retired.

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