Firms To Watch: Electricity (and renewable energy)

Madrona Advogados' power group assists clients with regulatory, litigation, contractual and transactional matters; Rodrigo Machado, who specialises in regulated sectors, is the main point of contact for electricity clients.

Electricity (and renewable energy) in Brazil

ASBZ Advogados

ASBZ Advogados‘ ‘extremely competent’ energy team is rated for its ability to handle ‘complex regulatory challenges in the electricity sector’. Administrative proceedings and regulatory issues arising in the generation, transmission, distribution and consumer segments are key strengths of the department, which is jointly managed by Daniel Ribeiro do Valle  and Rafael Janiques  in São Paulo. Co-head Janiques, who devotes his practice to the energy sector, showcases deep knowledge of power regulations.

Practice head(s):

Daniel Ribeiro do Valle;  Rafael Janiques

Testimonials

‘Close contact with the client, high availability for meetings in addition to competitive pricing and high expertise in the sector.’

‘An extremely competent team, able to assist in the solution of the most complex regulatory challenges in the electricity sector. In addition to being exceptionally cost-effective, they are quick to respond to queries and always provide us with clarifications. They are strategic partners in defending the company’s interests before the competent authorities. Daniel do Valle and Rafael Janiques are our main contacts.’

‘Rafael Janiques is recommended.’

Key clients

Siemens Energy

Companhia de Transmissão de Energia Elétrica Paulista – CTEEP (ISA CTEEP)

EDP Energias do Brasil

Associação Brasileira das Empresas de Transmissão de Energia Elétrica – ABRATE

MEZ Energia e Participações

AMBEV

Echoenergia Participações

British Petroleum Brasil

Grupo Pão de Açúcar

Exus Partner Holding

Work highlights

  • Representing CTEEP in an administrative appeal against a decision granting a lower tariff revision of the transmission concessions held by the client.
  • Representing ABRATE in administrative proceedings regarding a tariff revision.
  • Assisting EDP Litoral Sul in an administrative discussion in the National Electric Energy Agency regarding the delay to build power transmission facilities in Paraná and Santa Catarina.

BMA - Barbosa, Müssnich, Aragão

Drawing on its strong know-how in the fields of M&A, public law and regulatory law, BMA – Barbosa, Müssnich, Aragão builds on its expertise acquired in complex transactions involving power assets, concessions, negotiations of regulated contracts and bids. The practice is well versed in all matters before regulatory agencies, including ANEEL and CCEE, and in assisting large consumers in the acquisition of electricity in the free market. Ana Cândida de Mello Carvalho heads up the infrastructure, regulatory and government affairs department, and steers the team in bidding procedures, public contracts and administrative proceedings. Corporate partner Carlos Frederico Lucchetti Bingemer in Rio de Janeiro takes the lead on M&A transactions in the energy and infrastructure sectors.

Practice head(s):

Ana Cândida de Mello Carvalho; Carlos Frederico Lucchetti Bingemer

Key clients

Petrobras Biocombustíveis

AES Brasil Energia

Evolution Power Partners

Goiás Geradora de Energia Renovável  and Gameleira Geradora de Energia Renovável

Centrais Elétricas Brasileiras – ELETROBRAS

CPFL Energia

Gás Verde

Energisa

ENGIE Brasil Energia

Neoenergia

Work highlights

  • Assisted Petrobras Biocombustível in the sale of shares representing 50% of the share capital of BSBIOS Indústria E Comércio De Biodiesel Sul Brasil.
  • Advised Evolution Power Partners, OAK Participações and BEP Brazilian Energy Participações on the sale of a 50% equity interest in CELBA – Centrais Eletricas Barcarena and CELBA 2 to Hygo Energy Transition.
  • Acted as legal counsel to Goias Geradora de Energia Renovável and Gameleira Geradora de Energia Renovável in the project financing for the construction of power transmission lines.

Campos Mello Advogados in cooperation with DLA Piper

The power team at Campos Mello Advogados manages an impressive transactional workload, including M&A deals, financing and project mandates covering both conventional and renewable energy. Under Fabiano Gallo‘s leadership, the team attracts instructions from clients in the negotiation of power purchase agreements (PPAs), public auctions, the expansion of net metering projects, self-production, and energy efficiency issues. The team was recently reinforced by the addition of senior associate Roberta Matsubara Arakaki, who joined from Da Fonte Advogados in February 2022; renewable energy, including biogas and biomethane, are some of her key areas of expertise.

Practice head(s):

Fabiano Gallo

Key clients

Statkraft Energias Renováveis

ENEVA

Gemini Energy

Neoenergia

Rio Alto Energia

Scatec Solar

General Electric Company

Banco Santander

ABInbev

Grupo Ultra/Ipiranga

Amazon Web Services

Arlanxeo

Faro Energy

Pivô Desenvolvimento Imobiliário

Votorantim Geração de Energia

Barra Energia

SolarEdge

Urca Energia

SoEnergy

Canadian Solar

Work highlights

  • Assisting ABInbev with the negotiation of a corporate PPA for the acquisition of renewable power in the free energy market.
  • Advised Coremas Holding on the company’s second issuance of debentures in the Brazilian local market.
  • Advising Power FIP Infraestrutura on the sale of the totality of its equity interest in Gemini Energy under a bidding process.

Cescon, Barrieu, Flesch & Barreto Sociedade De Advogados

Cescon Barrieu has well-established credentials in the electricity sector, where it assists major clients across the value chain in an array of transactional and regulatory mandates. The practice – which has undergone a recent restructuring under the leadership of Maurício Teixeira dos Santos – is adept at handling high-value M&A deals and complex regulatory issues arising in both non-transactional and transactional contexts, but particularly stands out for its frequent presence in major deals in the financing and capital markets space. Based in Rio de Janeiro, Santos leads on project finance, M&A and tender offers in the power segment, while Alexandre Leal Ribeiro Leite in São Paulo oversees regulatory work. Rafael Baleroni, who heads up the oil and gas and shipping departments, has been active in renewable energy, especially energy transition matters. Eduardo Lanna is another key contact for the sale, divestment and combination of power assets.

Practice head(s):

Maurício Teixeira dos Santos; Alexandre Leal Ribeiro Leite

Key clients

Enel Group

Albion Capital

BNDES – Brazilian Development Bank

EDP Energias do Brasil

Elecnor do Brasil

Banco BTG Pactual

Banco Santander (Brasil)

Neoenergia

Equatorial Energia

AES Brasil

Work highlights

  • Advised EDP on the due diligence of CELG Transmissão.
  • Advised Equatorial Energia on its first renewables move through the acquisition of Echoenergia.
  • Advised Banco BTG Pactual and MSBC on a debenture offering of Anemus Wind farm, with installed capacity of 138.6 MW, sponsored by the power trading company 2W.

Demarest Advogados

The well-rounded energy team at Demarest Advogados is best known for its involvement in high-value litigation and regulatory matters involving government bodies and agencies. The recent arrival of co-head Rosi Costa Barros, who has more than two decades’ experience in the power sector, and a team of five associates strengthened the firm’s services catered to electricity companies engaged in public consultations, proceedings before ANEEL, regulatory contracts and self-generation projects. In addition, the practice is also adept at assisting with M&A and project development in the generation, distribution and transmission segments. Rafael Gagliardi is the main point of contact for advice on power regulation, administrative proceedings and judicial litigation in this space.

Practice head(s):

Rafael Gagliardi; Rosi Costa Barros

Testimonials

‘The mixed experience of Demarest’s electric energy team makes it unique, as they understand practical aspects of regulation. In addition to the high quality of the electric energy team, its integration with other departments allows for high-level legal advice in several areas. Finally, the fact that it is led by partner Rosi Barros in a predominantly male environment contributes positively to the analysis of the office as a diverse office.’

‘Demarest’s energy team has specific knowledge in the area of ​​energy trading, which helps us both in litigation and advisory matters.’

‘Rafael Gagliardi is a unique professional. He is intelligent, pragmatic, prepared, available, easy to deal with and highly focused on results.’ 

Key clients

Engie Brasil Energia

Câmara de Comercialização de Energia Elétrica – CCEE

Energia Sustentável do Brasil – ESBR

Riachuelo

Banco Plural

Ferbasa – Companhia de Ferro Ligas da Bahia

Cobra Energia

Norte Energia

CTEEP – Companhia de Transmissão de Energia Elétrica Paulista

Quantum (Brookfield)

Âmbar Energia

Aurora Energia

Work highlights

  • Advises ISA CTEEP on several strategic regulatory issues and administrative proceedings before ANEEL.
  • Advised Heineken in structuring a private tender to contract power for its industrial plants.
  • Advising CBA on the development of a self-generation power project to supply power to its industrial plants.

Dias Carneiro Advogados

In addition to its strong profile in the acquisition, financing, construction and development of power projects throughout the country, Dias Carneiro Advogados is also regularly engaged by clients in the negotiation of power purchase agreements, commercial contracts and regulatory issues. The team possesses an impressive track record in transactions involving the supply, installation and operation of wind turbines, and is also often instructed by credit agencies, development banks, and distribution and transmission companies. With a particular focus on the infrastructure sector, Ricardo Sanches is seasoned in public procurement, project finance and regulatory matters. Fellow co-head Thiago Vallandro Flores specialises in financing and private equity transactions, including several in the energy sector. Paulo Leme maintains a broad practice, advising on contractual, financing and corporate matters relating to power and infrastructure. Creditors routinely seek Gustavo Junqueira's assistance in financing and restructuring transactions in the hydropower sector.

Practice head(s):

Ricardo Sanches; Thiago Vallandro Flores

Testimonials

‘Great knowledge of the sector.’

‘Paulo Leme is a good negotiator.’

‘Technical team with extensive market knowledge.’

‘I would highlight Ricardo Sanches and Paulo Leme.’

Key clients

Biosev

EDP Renováveis Brasil

Engie

First Solar

Inter-American Development Bank / Inter-American Investment Corporation

Kinea Investimentos

Trina Solar

Vestas Wind Power

Vestas Power Development

Voltalia Group

International Finance Corporation

DNB Bank

Eólica Araruna

Ybytu Empreendimentos de Energia

Lightsource BP

Mingyang

Work highlights

  • Advised Vestas Wind Power on the negotiation of agreements with 2W Energia.
  • Assisted Vestas Wind Power in the negotiation of agreements with European Energy.
  • Advised IDB Invest, as agent, on an $800m secured A/B loan facility to Klabin.

Edelstein Advogados

Dedicated to energy law, boutique firm Edelstein Advogados stands out for its comprehensive knowledge of regulatory and administrative law, and experience in the due diligence of corporate transactions involving power transmission and generation assets. The team is also seasoned in the structuring of self-generation projects for trading in the free market, covering both conventional and renewable sources. Name partner André Edelstein, whose areas of focus include energy disputes, acts for a diverse mix of clients operating in the generation, transmission, distribution and trading segments. Regulatory, environmental and contractual mandates are key areas of activity for Ana Clara Toledo Brito and Gabriel Faria Bernardes.

Practice head(s):

André Edelstein; Ana Clara Toledo Brito; Gabriel Faria Bernardes

Testimonials

‘Industry knowledge, service speed, dedication to service.’

‘I’d highlight André Edelstein and Ana Clara Toledo Brito.’

Key clients

Cobra Brasil Serviços, Comunicações e Energia

Raízen Energia

EDP São Paulo Distribuição de Energia

InterCement Brasil

Equinox Gold

Sterlite Power

Companhia Siderurgica Nacional – CSN

Greenyellow do Brasil Energia e Serviços

Energisa

GD Sun

Acciona Construcción

Ibereólica Renováveis do Brasil

Órigo Energia

2W Energia

Gerdau

GE Energia Térmica e Indústria

Cloud HQ

Copérnico Energias Renováveis

MC Brazil Downstream Participações

Fotowatio Renewable Ventures

GD Solar Holding

Canadian Solar

European Energy

Oi

Associação Brasileira de Geração de Energia Limpa – ABRAGEL

Nebras Power

Cargill

EDF EN do Brasil

Bolt Serviços e Comercialização de Energia

ENC Energy

Proton Energy

Brennand Energia

Prometeon Tire Group

Aliansce Sonae

RBO Energia

Work highlights

  • Advised Equinox Gold on the structuring and negotiation of a self-production power project.
  • Assisted Sterlite Power in the judicial questioning of IRPJ, CSLL, PIS and COFINS considered due by the tax authorities.
  • Advised Cobra Brasil Serviços, Comunicações e Energia on the issue of charging transmission fees until the implementation of its generation projects is concluded.

Julião Coelho Advocacia

Highlighted for its ‘excellent legal technical performance', energy boutique Julião Coelho Advocacia has an active presence in the energy regulatory space, often representing clients in market-shaping cases before the superior courts in Brazil. The Brasília-based firm is a go-to destination for major players from the electricity sector facing complex regulatory challenges in the power generation, transmission, distribution, trading and renewable segments. Providing legal opinions and assisting in high-profile contentious matters are core areas of activity for the practice, which also offers support to international energy companies looking to establish operations or invest in the country. Founding partner Julião Silveira Coelho is a reference in the sector for his constant involvement in cases before the federal courts and ANEEL. Camila Alves Angoti de Moraes is noted for her experience in both non-contentious matters and litigation, where she excels in cases involving new technology in the solar and storage segments. Pedro Henrique Maciel Fonseca brings together expertise in public law, regulation and infrastructure.

Practice head(s):

Julião Silveira Coelho; Camila Alves Angoti de Moraes; Pedro Henrique Maciel Fonseca

Testimonials

‘Very agile team, quick to understand client’s needs, exceptional strategic performance in addition to excellent legal technical skills.’

‘Julião Silveira Coelho is the most assertive and capable lawyer in the sector. Camila Alves Angoti de Moraes is very smart, knows the energy sector well and is always available.’

Key clients

Elera Renováveis

ENEL Brasil

Norte Energia – NESA

Associação Brasileira de Grandes Consumidores Industriais de Energia e de Consumidores Livres – ABRACE

Associação Brasileira dos Produtores Independentes de Energia Elétrica – APINE

Associação Brasileira de Energia Eólica – ABEEÓLICA

BTG Pactual

Votorantim Energia

Work highlights

  • Assisted Associação Brasileira dos Produtores Independentes de Energia Elétrica – APINE in a lawsuit regarding the government’s changes to conditions based on which APINE’s associates have developed their hydroelectric generation projects.
  • Represents ABRACE in a lawsuit that questions the inclusion of certain expenses in the rate called Conta de Desenvolvimento Energético (Energy Development Account).
  • Representing BTG Pactual and other energy trading companies which seek legal protection against the decision of ANEEL and CCEE to revoke discounts regarding the purchase of renewable power from different clean sources.

Lefosse Advogados

Singled out for its ability ‘to deal with issues of the highest complexity, such as unprecedented transnational and regulatory aspects’, Lefosse Advogados‘ energy team is adept at handling the entire spectrum of mandates concerning power-sector clients. Its practitioners are skilled at guiding clients through the negotiation of major M&A transactions involving conventional and renewable power assets, and in the structuring of distributed generation and self-production projects. Regulatory matters, including regulatory advice in the context of privatisation processes in this industry, also feature in the team’s busy workload, which is further populated by administrative cases before ANEEL and judicial proceedings. Raphael Gomes, who has a relevant background at the Chamber of Commercialisation of Electric Energy (CCEE) and in-house experience in a major energy company, leads the department. Focused on power regulatory matters, Pedro Dante ‘stands out for his technical and practical knowledge’. Counsel Bruno Crispim is fully devoted to the energy sector, and is a go-to attorney for project development, M&A and litigation in the electricity space. Renato Edelstein is a name to note at the associate level.

Practice head(s):

Raphael Gomes

Testimonials

‘The two factors that, in my opinion, distinguish Lefosse Advogados in the energy sector are the competence to deal with complex issues and the capacity for innovation. They have consistently demonstrated the ability to find innovative solutions, especially in the face of new technologies that are being applied in the electricity sector, and the expertise to deal with issues of the highest complexity, such as unprecedented transnational and regulatory aspects.’

‘Two professionals in particular proved to be invaluable in the transactions in which we worked with Lefosse Advogados: Raphael Gomes, partner in the energy sector, and Renato Edelstein. In the case of Raphael, he was always available for any topic in which we needed support, something rare in professionals of his seniority, and willing to defend our interests tirelessly. As for Renato, he has demonstrated on several occasions his deep knowledge of regulatory issues, and an unparalleled level of commitment to the client, going far beyond what would normally be expected.’

‘Lefosse’s energy team has extensive experience and practical knowledge of the sector’s issues, with deep theoretical knowledge and access to people from the institutions involved, such as CCEE, ANEEL, ONS and MME. Its lawyers are agile and always return quickly, seeking to offer solutions to the issues raised. As a full-service firm they also tend to interact with other areas of law, such as insolvency and tax, to provide complete and comprehensive advice to the client.’

‘Raphael Gomes and Renato Edelstein stand out for their expertise and speed of return, always in an accurate manner and with practical solutions.’

‘Very knowledgeable about the area and excellent service.’

‘What makes them different in the market is the technical and practical combination of the subject and experience in the development of relevant and impactful projects for companies and society.’

‘Pedro Dante stands out for his technical and practical knowledge of the subject, communication skills, and the way in which he transmits knowledge, making complex topics simple.’

‘Renato Edelstein is always available.’

Key clients

Engie Brasil Energia

Norte Energia

Focus

Vivo

Ferbasa

Unipar Carbocloro

Aliança

Celse

New Fortress

Banco Genial

Cymimasa

Czarnicow

BTG Pactual

Quantum Energia

EDF Renováveis

Statkraft

Itaú

Ipiranga

Sykué

Work highlights

  • Advised BNDES and Banco Genial on the privatisation process of Eletrobras and conducted the entire due diligence process of Eletrobras and its subsidiaries.
  • Assisted Norte Energia in filing a lawsuit against ANEEL for the recognition of exclusion of liability due to the delay of implementation of Belo Monte hydroelectric plant.
  • Advised Unipar Carbocloro on a relevant negotiation with Atlas Renewable Energy for the construction of a solar plant.

Lobão Cosenza, Figueiredo Cavalcante Advogados

Bringing together multidisciplinary expertise in the areas of administrative law, M&A, regulated contracts and dispute resolution, Lobão Cosenza, Figueiredo Cavalcante Advogados specialises in infrastructure matters, with a particular emphasis on the energy sector. Clients operating in the generation, transmission and trading of electricity turn to the team for assistance with commercial issues, transactions, regulatory matters and litigation. Recent engagements saw the practice advising on investments in solar power plants and transmission lines, as well as regulatory aspects of distributed generation projects. Caio Figueiredo Cavalcante, a former member of the Power Transmission Committee da Associação Brasileira da Infraestrutura e Indústrias de Base – ABDIB, oversees the group with Tiago Lobão Cosenza, who is praised for his ‘deep understanding of the sector’. Other key individuals include public law specialist Valéria de Souza Rosa and Maria Júlia Menezes de Toledo Florencio, a name to note for project development.

Practice head(s):

Caio Figueiredo Cavalcante; Tiago Lobão Cosenza

Testimonials

‘The firm was very creative legally; it also stood out for the great relationship they established with the client.’

‘Valéria Rosa is extremely committed, technical and has in-depth knowledge of the electrical sector. I think she is the best lawyer in the electrical sector in Brazil. Thiago Lobão is very competent and has a deep understanding of the sector.’

‘The founding partners of the firm in question are deeply knowledgeable about the energy sector, they are also very aligned with the needs of their clients, they were heads of the legal area of ​​large energy companies. They are very prepared people and are always available for their clients.’

Key clients

Linhas de Macapá Transmissora de Energia

ABRATE – Associação Brasileira das Empresas de Transmissão de Energia Elétrica

Starboard Reestructuring Partners

Mercury Renew Participações

Alupar Investimentos

Celeo Redes Brasil

TBE – Transmissoras Brasileiras de Energia

Gemini Energy

Infinito Energy Investimentos e Participações

Diamante Geração de Energia

EMTEP Transmissora de Energia

Enercom Energias Renováveis

Jauru Transmissora

Get Comercializadora de Energia

Energia Aljval

RTSC Administração e Participação

Sky Energy Projeto Solar SPE

Caiua Transmissora de Energia

Brilhante Transmissora de Energia

Ferreira Gomes Energia

Work highlights

  • Assisting Linhas de Macapá Transmissora de Energia (LMTE) in the shutdown of the transformers of the Amapá Substation.
  • Advised Infinito on the sale of 100% of the shares of Assu Sol Geração de Energia SPE.
  • Acting for Emtep in order to administratively request the annulment of a fine from ANEEL for not complying with the intermediary milestones set forth in a concession agreement.

Machado Meyer Sendacz e Opice Advogados

Machado Meyer Sendacz e Opice Advogados combines finance, M&A and contractual expertise with comprehensive power sector market knowledge. The group – which is also adept at handling regulatory matters – offers support to traditional generation and renewable energy players seeking assistance with energy auctions, acquisitions and dispositions of power assets, and the development and financing of electricity projects. The team is under the joint leadership of two partners: Ana Karina Esteves de Souza, whose areas of expertise include private investment in regulated sectors, administrative law and privatisations; and Brasília-based Cristiane Romano, who is recommended for judicial and administrative disputes involving the energy sector. Laura Souza, who is proficient in transactional and regulatory matters pertaining to the power segment, is another key contact. Regulatory issues, project finance and transactions taking place in the infrastructure space are among Paulo Machado‘s key areas of practice.

Practice head(s):

Ana Karina Souza; Cristiane Romano

Testimonials

‘Team with comprehensive knowledge of the market, always up-to-date and looking to find innovative solutions.’

‘I’d highlight Ana Karina Souza and Paulo Machado.’

‘Large team with lots of experience in the electricity sector.’

Key clients

Banco Santander

CTEEP – Companhia Paulista de Transmissão de Energia Elétrica

Mercury Renew Participações

Lightsource Brasil Energia Renovável

Raízen Energia

TAESA

Atiaia Energia

PowerTree

Contour Global do Brasil Participações

Asa Branca Holding

Atlas Casablanca Comercializadora de Energia

ISA CTEEP – Companhia de Transmissão de Energia Elétrica Paulista

Work highlights

  • Assisted BNDES and the state of Rio Grande do Sul in structuring the privatisation of state-owned CEEE-D (State Electric Power Company).
  • Assisted Santander in the structuring of the green financing of 22 photovoltaic power stations for distributed generation in the states of Pernambuco, Rio Grande do Norte, Ceará, Tocantins, Paraíba, Piauí, and Brasília.
  • Assisted PowerTree in acquiring five solar power plant projects held by Usina Fotovoltaica Belo Horizonte, whose capital stock was 100% held by CAMAR – Administração e Participações.

Magalhães, Reis & Figueiró Advogados

With a solid background in power and natural gas regulation, Magalhães, Reis & Figueiró Advogados is formed by women who have developed their legal careers in the energy sector. Its practitioners are retained by myriad clients, ranging from stakeholders, utilities, power producers and traders, in regulatory matters, dispute resolution (including administrative proceedings before regulatory agencies), regulated contracts, bids and the implementation of projects. Gerusa Magalhães is recognised in the market for her knowledge of electricity policy issues and administrative cases before regulatory bodies. Cristiana Reis is a key contact for regulatory and contentious matters. The firm welcomed Marcela Figueiró in July 2021, who now leads on corporate and M&A work in the sector; she was previously at Neiva Barros & Figueiró, Sociedade de Advogados. Miriam Zagatto is no longer at the firm.

Practice head(s):

Gerusa Magalhães; Cristiana Reis; Marcela Figueiró

Testimonials

‘The firm has a combination of technical and legal knowledge, which makes it a strong performer in the administrative sphere. The level of commitment to the client is noteworthy. Lawyers assess all possible scenarios for the situation, and provide legal advice in matters that may be outside the scope of contracting.’

‘Gerusa Magalhães stands out.’

‘Constant search for the best alternatives, and always seeking to innovate.’

‘Gerusa Magalhães and Cristiana Reis are excellent.’

Mattos Filho

Mattos Filho‘ highly experienced group advises power producers, distribution and transmission companies, traders, service providers, private equity firms and banks on the entire spectrum of legal issues that arise in the electricity and renewable energy sector. It is well positioned to handle energy project M&A, financing and capital market deals, project structuring and regulatory matters, but stands out in particular in the market for its wide-ranging capabilities in the regulatory sphere, where it works on non-contentious matters and administrative proceedings before the National Electric Energy Agency (ANEEL) and the Energy Trading Chamber (CCEE). Recent areas of activity for the team have included self-production projects and long-term corporate power purchase agreements (PPAs). Its practitioners have also been kept busy assisting traditional oil and gas companies in their energy transition efforts. With more than 20 years of experience in the power sector, Fabiano Ricardo Luz de Brito is singled out for his regulatory and transactional track record. Brito has been particularly active in the negotiation of PPAs, administrative and judicial litigation, as well as M&A deals in this segment. Sofia Barbosa, who was recently promoted to partner, is an ‘excellent attorney with diverse knowledge of the industry’. Bárbara Mendes Carnevalli is another name to note for corporate and contractual matters related to the power sector.

Testimonials

‘Great team. Specialised and knowledgeable. Quick response.’

‘Sofia Barbosa is excellent and has diverse knowledge of the industry.’

Key clients

Câmara de Comercialização de Energia Elétrica – CCEE

AES Tietê Energia

Atem’s Distribuidora de Petróleo

Atlas Energia Renovável do Brasil

Galp Energia SGPS

Pan American Energy Energias Renováveis

Actis

Echoenergia Participações

EDF EN do Brasil Participações

Elera Renováveis

Serra de Ibiapaba Transmissora de Energia

Equatorial Power Distribution Companies

Equatorial Transmissora

Gás Natural Açu (GNA)

Equinor and Equinor Energy Ventures Fund

Essentia Energia

Fundo de Investimentos em Participações em Infraestrutura Energias Renováveis

Norsk Hydro

Albras – Alumínio Brasileiro

J. Malucelli Energia

Comerc Participações

Light

Atiaia Energia

Neoenergia Renováveis

Work highlights

  • Advising CCEE in obtaining financing from several lenders to mitigate the financial impacts suffered in the power sector, as provided for in the Provisional Measure No. 1,078.
  • Assisted Atem’s Distribuidora de Petróleo in the sale of all its equity interest in Amazonas Energia and in Roraima Energia.
  • Represented AES Tietê Energia – AES in the incorporation of a joint venture with BRF with the purpose of developing and operating wind farm projects.

Melcheds - Mello e Rached Advogados

Under the leadership of Rodrigo Mello, Melcheds – Mello e Rached Advogados undertakes a variety of work in the power sector, with a particular focus on the execution of PPAs in the regulated market and photovoltaic PPA biddings. EPC, supply agreements and M&A transactions are other focus areas for the department, which has strong credentials in the renewable energy space. Practice head Mello frequently handles corporate and M&A deals in the sector, which is also an area of activity for Fernanda Passos. Christiano Dias Lopes has ‘an excellent ability to handle complex deals'.

Practice head(s):

Rodrigo Mello

Testimonials

‘The team stands out for its proximity to the client, as well as attention and sophistication in handling demands.’

‘Rodrigo Mello has a broad business vision and plenty of talent in conducting and concluding deals.’

‘Christiano Dias Lopes is a new talent, extremely technical, available and with an excellent ability to handle complex deals.’

‘Solid knowledge and quick feedback. Personal involvement of the partner.’

‘Melcheds Advogados provides excellent legal services, having as a differential the team’s expertise in the energy and infrastructure sectors.’

‘Able to handle complex transactions.’

‘The proximity to the client is a differential. The team is always willing and available to meet our demands efficiently and with an excellent cost/benefit ratio.’

‘Roberto Mello and Christiano Dias Lopes are recommended.’

Key clients

Sungrow Do Brasil Representação Comercial, Instalação E Manutenção De Equipamentos

Zimba Evolvere Energia Spe

Infinity Do Brasil Comercializadora De Energia

Phenom Capital Group

Orizon

Fotovo Energia

Casa Dos Ventos Energias Renováveis

Power Tree

Lot Engenharia

Santander Brasil

ZMatch

Work highlights

  • Advised Zimba Empreendimentos Imobiliáriosand Evolvere Empreendimentos on the sale of solar photovoltaic projects to Galapagos.
  • Provided legal assistance to the energy trade desk of Santander Brasil in the analysis, draft and negotiation of its PPAs.
  • Advised Sungrow Projetos on the incorporation of a Brazilian company and the structuring of its business.

Mundie e Advogados

With deep regulatory knowledge of the Brazilian power sector, Mundie e Advogados advises across the full spectrum of electricity mandates, with a special emphasis on the generation segment. The team’s strength lies in contentious work, particularly administrative proceedings, and in regulatory issues, but its practitioners are also skilled in power purchase agreements and legislative and contractual matters. Department leader Rafael Fabbri D’Avila, who has more than two decades’ experience in power regulation, excels in administrative and regulatory disputes. Nathalya François is also recommended for complex regulatory issues in the electricity segment.

Practice head(s):

Rafael Fabbri D’Avila

Testimonials

‘Mundie Advogados provides excellent advice with a high level of legal and market knowledge. The firm is always available to answer questions, participate in meetings and whatever else is necessary, functioning almost as an internal legal department for the company.’

‘Rafael D’avila and Nathalya François are two individuals with high knowledge and availability to assist in the most diverse issues, always with objective propositions that solve problems.’

Key clients

Renova Energia

Raízen Energia

Origem Energia

Petro Rio Energia

Costa Verde Energias Renováveis

Rio Amazonas Energia – Raesa

Get Energia

XP

BTG Pactual

Termelétrica Viana

Linhares Geração

Equatorial Transmissão

CPFL Distribuidora

TIM

BEP Comercializadora de Energia Elétrica

Voiter

Junhe LLP

Gera Amazonas

Gera Maranhão

Máxima Energia

Tropicália Transmissão

Pequena Central Hidrelétrica Rio do Braço

Nova Energia

Esfera Energia

Work highlights

  • Assisted Renova Energia in the drafting, review and negotiation of several agreements related to the implementation of Wind Farms Complex Alto Sertão III.
  • Assisted Origem Energia in regulatory and contractual matters regarding the implementation of a new gas-fired power plant in the state of Alagoas.
  • Assistance in regulatory and contractual matters regarding Raízen Energia’s participation in electricity auctions.

Pinheiro Neto Advogados

Pinheiro Neto Advogados has multidisciplinary knowledge in practice areas key to the successful completion of transactions involving power and renewable assets, privatisations and auctions in the Brazilian electricity sector. Its varied client roster is predominantly made up of corporations and investors engaged in power generation, distribution, transmission and trading, which often turn to the firm for assistance with tenders for new hydroelectric uses and construction of new transmission lines, private auctions, M&A transactions, corporate restructuring and project finance. The team is also well positioned to act for large power consumers and the CCEE on a number of regulatory matters. The firm has continued to diversify its power practice, and has recently seen an uptick in work related to energy transition, self-production and distributed generation projects. José Roberto Oliva Júnior is a go-to counsel for a number of domestic and international clients, including traditional and renewable power producers, utilities, trading companies and large consumers; he specialises in project finance, M&A and regulatory matters in the power sector. José Carlos Altomari Teixeira is proficient in power-related M&A, administrative litigation and privatisations.

Testimonials

‘Technical quality, excellence in service and constant search for safe legal solutions, with a view to business development.’

‘What makes PN stand out is its multidisciplinary nature.’

‘I highlight José Roberto Oliva Júnior who, in addition to mastering knowledge in the energy area, helped us a lot in the negotiation process of our project.’

‘José Roberto Oliva and José Carlos Teixeira offer personalised services, creative solutions and a strategic vision with a business perspective.’

‘High performance team; fast and innovative solution; excellent.’

Key clients

CCEE

Rio Energy

Comerc Energia

Bracell Celulose

Mubadala Investment Company

Aliança Energia

Statkraft Energias Renováveis

Energisa

CPFL Energia

VTRM

Work highlights

  • Advised AXS Energia on the negotiation of all the contracts of its under-development distributed generation project, as well as several regulatory analyses related to the energy sector.
  • Advised CPFL Energia on the CEEE-T privatisation, a power transmission company previously held by the state of Rio Grande do Sul.
  • Assisted BRF in a joint venture with AES Brasil Energia to construct a wind farm under the self-production by equivalence regime.

Rolim, Viotti, Goulart, Cardoso Advogados

Spearheaded by the highly regarded Maria João Rolim, Rolim, Viotti, Goulart, Cardoso Advogados is best known for its representation of major players from the Brazilian power sector in administrative proceedings before ANEEL, judicial disputes and arbitration cases. With significant expertise in renewable and alternative energy generation, the team of ‘highly technically prepared lawyers’ is well placed to advise clients in regulatory matters, including compliance with sector regulators and institutional agents, and to assist concessionaires through tariff review procedures. Practice head Rolim splits her time between São Paulo and Lisbon, and is an authority in the field of power regulation. Administrative and judicial litigation are core areas of focus for Vitor Sarmento De Mello in Belo Horizonte, while Elise Calixto primarily handles non-contentious and litigation cases in the renewables space. Alice de Siqueira Khouri possesses extensive experience in public law and regulatory mandates, and heads up the firm’s Brazilian desk in Portugal.

Practice head(s):

Maria João Rolim

Testimonials

‘Rolim has professionals who are experts in several areas that, together, add up to the best solution for the cases.’

‘Impeccable and assertive service, which contributes to decision-making with academic and technical mastery.’

‘Maria João is an excellent professional, capable and always available.’

‘The firm has a team of highly technically prepared lawyers who are always available to assist us, presenting the best results.’

‘The team is very technically prepared and is always available to assist us in the shortest possible time and with the results we expect.’

Key clients

Helexia

Operador Nacional do Sistema Elétrico

Cemig Distribuição

Norte Brasil Transmissora de Energia

Arcelor Mittal Brasil

Elektro Distribuidora de Energia

Anglogold Ashanti

Companhia de Geração e Transmissão de Energia Elétrica do Sul do Brasil

Companhia de Transmissão de Energia Elétrica Paulista

Work highlights

  • Assisted Helexia in the signing of a distributed power generation contract with Telefônica.
  • Acted for Companhia de Geração e Transmissão de Energia Elétrica do Sul do Brasil in an administrative appeal.
  • Led the instruction, follow-up and successful conclusion of the administrative process for requesting the transfer of ownership of the PCH Madame Denise concession on behalf of Arcelor Mittal.

Schmidt, Valois, Miranda, Ferreira & Agel Advogados

Drawing on its strong know-how in the field of oil and gas, Schmidt, Valois, Miranda, Ferreira & Agel Advogados is well versed in an array of matters pertaining to the power sector. Commercial and business transactions are core areas of activity for the team, which regularly attracts mandates pertaining to public bids, revision of tariffs and regulatory issues. Key individuals include Guilherme Schmidt QC and Bruno Guedes Ribeiro, both of whom are seasoned in transactional work involving power companies and projects. Alexei Macorin Vivan's notable areas of practice include renewable energy M&A and regulatory and contentious matters. The team was further bolstered by the arrival of Pedro Seraphim in November 2021 from TozziniFreire Advogados.

Sergio Bermudes Advogados

Drawing on its strong dispute resolution bench, Sergio Bermudes Advogados‘ power group has a wealth of experience representing concessionaires and industry representatives in complex matters involving power agreements, projects, appeals, and administrative and regulatory issues. Besides litigation, the department also offers assistance to clients in non-contentious mandates, especially project approvals. Vítor Ferreira Alves De Brito, who focuses on regulatory issues affecting the electricity sector, and litigator Marcio Vieira Souto Costa Ferreira jointly head up the team. Elena Landau, Frederico Ferreira and Guilherme Coelho are other key contacts for power clients.

Practice head(s):

Vítor Ferreira Alves De Brito,; Marcio Vieira Souto Costa Ferreira

Key clients

Abradee – Assoc. Brasileira dos Distribuidores de Energia Elétrica

CCEE – Câmara de Comercialização de Energia Elétrica

Engie

EDP

CPFL

Energisa

Neoenergia

AES

ISA CTEEP

Equatorial

Work highlights

  • Represents Abradee in a Declaratory Action brought by Santo Antonio Energia against ANEEL, as well as in several Direct Actions of Unconstitutionality (ADIs).
  • Advising Enel on a writ of mandamus against the government of the state of Goiás regarding the CELG-D privatisation.
  • Represented Energisa in filing a lawsuit against CCEE regarding the Energy Development Account (CDE).

Siqueira Castro – Advogados

With deep regulatory knowledge of the Brazilian power sector, Siqueira Castro – Advogados attracts regular instructions from a variety of clients across all sub-segments of the industry. The firm is a go-to destination for energy regulation and has been involved in leading administrative and judicial cases involving the generation, transmission, distribution, trading and consumption of electricity. Co-head David Waltenberg is a reference in the market, who brings to the table more than forty years’ experience in non-contentious and litigation mandates involving electricity players. He oversees the practice with Eduardo Evangelista, who is active in due diligence and compliance issues regarding power generation companies and assets, and Humberto Negrão, who is regularly retained in bidding matters and administrative proceedings.

Practice head(s):

David Waltenberg; Humberto Negrão; Eduardo Evangelista

Testimonials

‘Team of excellent quality and all arguments are well-founded.’

‘I highlight the guidance and leadership of David Waltenberg.’

Key clients

Brasil Energia

Brasil Comercializadora

CEI – Companhia Energética Integrada

Centrais Elétricas do Norte do Brasil – Eletronorte

Central Fotovoltaica Irupé Participações

Cia. de Cimento Itambé

Companhia de Geração e Transmissão de Energia Elétrica do Sul do Brasil – CGT Eletrosul

General Motors do Brasil

Gerdau

Nathan Associates

Novelis do Brasil

Serra do Fação Energia

Vale

Veracel Celulose

Work highlights

  • Provided Central Fotovoltaica Irupé Participações with a legal opinion analysing the authorisations necessary for the implementation of a floating solar power plant in a hydroelectric power plant reservoir.
  • Advised CGT Eletrosul on a matter related to the possible decision from the Executive Board of ANEEL to impose a fine due to the early closure of an electricity transmission concession.
  • Advising Veracel on the electricity and tax regulations applicable to the formation of an industrial complex accessing the National Basic Grid.

Souto Correa Advogados

Souto Correa Advogados provides legal support to domestic and international clients involved in the generation, transmission, distribution and commercialisation of electricity. The team is seen with great regularity handling regulatory and contractual matters, but is also well placed to assist with energy auctions, PPAs and transmission system connection agreements. Biogas-to-power, distribution generation and renewable projects are other areas of particular expertise for the department, which is jointly led by Livia Amorim in Rio de Janeiro and Fabio Di Lallo in São Paulo. Amorim is primarily focused on regulatory issues, contracts and M&A involving assets in the power and oil and gas sectors, while Di Lallo has considerable strength in electricity regulations and administrative proceedings. Mariana Campos specialises in clean technology and renewable energy, the latter of which is also an area of focus for Arthur Lardosa, who joined from Gustavo Binenbojm & Associados (GBA) in April 2021. The team was recently reinforced with the addition of two lawyers with relevant in-house experience in the power segment: Marcela Aranha and Juliana Melcop.

Practice head(s):

Livia Amorim; Fabio Di Lallo

Testimonials

‘There is a very intense care and alignment with the internal team. The team brings innovations and new ways of acting in processes. In addition, the service is very fast and efficient.’

Key clients

Powertis

EBTE – Empresa Brasileira de Transmissão de Energia

OnCorp

Brígidas Solar SPEs

Mori Energia Holding

Darby Servtec Energia FIP

Geração Distribuída Participações – GDPAR

Solatio

Apollo 14 FIP

Work highlights

  • Advised Mercury Renew on obtaining an exclusion of liability for 120 days for Brígidas solar power plants’ construction.
  • Advised OnCorp on its participation in Auction No. 03/2021 and installing the correspondent power plants.
  • Advised different clients on the applicable law and regulation for renewable power plants and distributed generation plants.

Stocche Forbes Advogados

Covering all power segments, including generation from renewable sources, Stocche Forbes Advogados assists clients from the initial development through to the operational stage of electricity projects. Its team members are routinely engaged by top power players in regulatory matters, financing transactions and corporate deals within this industry. Frederico Moura and Bruno Gandolfo in Rio de Janeiro undertake a range of transactional work in the infrastructure space, including M&A and project development. They co-chair the department alongside Mariana Saragoça in São Paulo, who is noted for her extensive experience in regulated sectors, public procurement and privatisations. Recently promoted partner Emilio Pescarmona Gallucci advises companies and investment funds on M&A and the formation of joint ventures, with an emphasis on the energy sector. Frederico Accon stands out at the associate level for his regulatory expertise.

Practice head(s):

Frederico Moura; Bruno Gandolfo; Mariana Saragoça

Testimonials

‘Full-service firm with the best professionals for a variety of legal matters. All attorneys are helpful and efficient.’

‘Frederico Moura and Mariana Saragoça are exceptional partners and attentive to client matters.’

‘Extremely qualified and differentiated firm that efficiently handles large operations that need support in the most diverse areas (energy, judicial recovery, contracts, labor, tax, regulatory, etc.).’

‘The team is made up of super technical people with availability and proactivity.’

Key clients

State Grid Brazil Holding

Votorantim Energia

VTRM Energia e Participações

Engie Group

Equatorial Energia

Celse – Centrais Elétricas De Sergipe

EDF Norte Fluminense and its Subsidiaries

EDF Renováveis

Omega Group

Patria Investimentos

Energisa Group

Voltalia

Stoa

Eneva

Cymi Group

Elera Renováveis

Qair Group

Vibra Energia (previously Petrobras Distribuidora)

COPEL

Work highlights

  • Assisted Equatorial Energia Group in the privatisation of CEEE-D and Companhia de Eletricidade do Amapá, providing legal advice regarding its participation in the bidding procedure.
  • Advised Eneva on the business combination of Focus and Eneva.
  • Advised Vibra Energia on the acquisition of a 50% stake in Comerc Participações.

Tauil & Chequer Advogados

Full-service firm Tauil & Chequer Advogados fields a sizeable energy group, which brings together considerable experience in guiding clients through the full life-cycle of a power project. The team is regularly engaged in the financing, construction and operation of all classes of transmission, distribution and generating assets and projects. Power traders, service providers and large consumers also instruct the practice in transactional work and contentious matters. A strong oil and gas bench makes the firm a go-to destination for thermoelectric projects. Furthermore, its recent work highlights demonstrate the team’s ability to handle high-value buy- and sell-side M&A throughout the value chain, privatisations of renewable and conventional power generation and transmission assets, and self-production projects. Focused on the power, gas and, more recently, hydrogen sectors, Débora Yanasse ‘is agile, business-oriented and knows the energy market well'. She co-heads the team, and leads advice on regulatory, contractual and corporate matters related to the sector. Bruno Salzano ‘is recommended for M&A transactions and corporate matters', while Bruno Werneck specialises in the development and financing of energy projects. Other practitioners to note include Eduardo Lima and Julia Batistella Machado, the latter of whom joined the team in November 2021 and reinforced the team’s transactional capabilities in the power space.

Practice head(s):

Débora Yanasse; Bruno Werneck; Bruno Salzano; Eduardo Lima

Testimonials

‘The energy team is excellent. In particular, Débora Yanasse is agile, business oriented and knows the energy market well. We had highly complex projects and their technical support was fundamental for the delivery of these deals.’

‘The firm possesses great professionals in M&A and tax issues pertaining to the power sector. Extensive experience and ability to meet clients’ needs and any level of complexity.’

‘Débora Yanasse is an admirable professional in the electricity sector. She knows a lot about the market, is very technical and knows how to anticipate client needs. I feel very comfortable having her as a legal advisor on projects of any level of complexity.’

‘Bruno Salzano is recommended for M&A transactions and corporate matters. He has a lot of legal knowledge, a lot of experience and a “pro-deal” attitude. He knows how to anticipate client needs.’

Key clients

ENGIE

Karadeniz

Karpowership

Ceiba Energy

Caisse de Dépôt et placement du Québec – CDPQ

Eneva

Energisa

Dow Chemical

BNDES

Fram Capital

New Fortress Energy

Atlas Renewable Energy

Vinci Partner

BP

Acciona Energía

Scatec

CER Energia

Rio Energy

GE Financial Services

Equinor

Isa CTEEP

Starkraft Energias Renováveis

PowerTree

EDP – Energias do Brasil

EDF Norte Fluminense

Storengy

Soliker

Mercury Renew

Canadian Solar

Nebras Power

Elera Renováveis

Ibitu Energias Renováveis

TYR Energia

AEGEA

Usiminas

Work highlights

  • Advised BNDES in structuring the privatisation of Eletrobras.
  • Assisted Karadeniz Group in all legal aspects for its participation in the 2021 Simplified Reserve Energy Auction.
  • Advised Dow Chemical on the structuring and implementation of a self-production power project.

TozziniFreire Advogados

Praised by clients for its ‘ability to combine corporate know-how with regulatory experience', TozziniFreire Advogados is recognised for its strength in M&A transactions and project financing in the power sector. Its varied client roster comprises numerous energy generators, transmission and trading companies, distributors, as well as national and foreign institutional investors seeking assistance with critical corporate and regulatory aspects arising in the purchase and sale of energy companies and assets. The practice is also active in advising corporate consumers of electricity on offtake agreements, and non-energy companies looking to develop energy generation projects. Leading the department is Leonardo Miranda, who possesses ‘great knowledge of the M&A market' and project contracts. He receives key support from Ana Carolina Katlauskas Calil, whose experience covers project development, corporate transactions and regulatory issues across all power sub-segments.

Practice head(s):

Leonardo Miranda

Testimonials

‘The team is extremely pragmatic, with deep knowledge of the business, including our purposes and investment strategy in the Latin American region. All partners, in their respective specialties, have a deep knowledge of their markets, always distinguishing between what is common practice in Brazil and what is not, often through comparisons with what is practiced in other markets. All professionals are fluent in English, with an integrated and international profile. They value technical excellence.’

‘Ana Carolina Katlauskas has helped us in various regulatory matters and participated in some of our projects. She demonstrates mastery of the subject and deep knowledge.’

‘Leonardo Miranda is a great lawyer, attentative to detail and with great knowledge of the M&A market; I also highlight the work of Ana Carolina Katlauskas.’

‘TozziniFreire has the ability to combine corporate know-how with regulatory experience, especially regarding participation in M&A transactions and project financing.’

‘The Firm has excellent performance in the energy area. We were successful in a complex matter due to the diligence, competence and technical skills of the Tozzini energy team.’

‘Ana Carolina Katlauskas Calil is an exceptional lawyer. We have extreme confidence in her competence and performance in the energy sector.’

Key clients

Darby Servtec Energia FIP

Ontario Teachers’ Pension Plan

Danske

Red Eléctrica Internacional

Grupo BP

Prisma Capital

Essentia

Claro

SuperVia

Celeo Redes

Nouryon

Vestas

Safira Energia

Riacho da Serra

Órigo Energia

Faro Energy

Work highlights

  • Assisted FDN in the sale of the Colombian Ministry of Finance’s equity interest (51.4%) in Interconexión Eléctrica to Ecopetrol.
  • Assisted Ontario Teachers’ Pension Plan Board – OTPP with the acquisition of 100% of the shares held by global private equity sponsor TPG in Evoltz Participações.
  • Advised Leovac on the acquisition of all shares held by Centrais Elétricas do Norte do Brasil – Eletronorte.

Trench Rossi Watanabe

With a presence in all sub-segments of the electricity sector, including thermal, hydro, solar and wind power, Trench Rossi Watanabe assists clients throughout all stages of energy auctions, including regulatory matters and contract negotiations with developers. The firm’s cooperation with Baker McKenzie, and its multidisciplinary approach, make it a popular choice for power mandates that involve the intersection of financing, M&A, tax and infrastructure law. It is also noted for its strong credentials in renewable energy, clean technology, sustainability and ESG issues. Practice leader José Roberto Martins handles M&A, privatisations and public law matters in the power sector. Adam Milgrom ‘demonstrates deep knowledge of energy matters’; he is experienced in transactional and regulatory work. Priscila Giannetti is another key associate in the team, who focuses on administrative law.

Practice head(s):

José Roberto Martins

Testimonials

‘TRW has always been a reference in the legal market. The firm has qualified lawyers with market experience in all subjects, and this is quite innovative, as it demonstrates its concern to serve the client in the best way possible.’

‘Adam Milgrom is always available to assist you and discuss topics with you extensively. He demonstrates deep knowledge of energy matters, and provides efficient advice, which is essential for any company these days. José Roberto Martins follows the same line, always very kind!’

‘The technical quality of the team is excellent, responses are very fast and the team’s availability to meet all the requested demands is also impressive.’

‘Adam Milgrom is an exemplary lawyer, leads the team very well and effectively gets down to business with excellent work.’

‘In addition to the technical capacity, pro-activity and promptness in providing services, TRW takes care of knowing the client’s desires, making all the difference in the negotiations of the transactions.’

‘Trench provides individualized attention, while masterfully handling each case with large law firm authority.’

‘Adam Milgrom is very responsive and attentive. He explained the legal process with every possible detail and was there for me every step of the way. He definitely cares about his clients and fights for the best possible outcome. I would highly recommend.’

Key clients

Canadian Solar

Casa Dos Ventos

GE Power

SPIC Brasil

Lightsource BP

Mitsubishi Power

EDP Renewables

EDP

Imerys

Engie Solutions

Work highlights

  • Assisted Ecopetrol with comprehensive due diligence of the Brazilian entities and the transmission concessions in the context of the acquisition of Interconexión Eléctrica’s corporate control.
  • Participated in the sale of Energética Camaçari Muricy II and Pecém Energia companies’ shares, and both thermoelectric project plants that add up to a capacity of 288MW.

Ulhôa Canto, Rezende e Guerra Advogados

Singled out for its market-leading reputation in the regulatory space, Ulhôa Canto, Rezende e Guerra Advogados is one of the first ports of call for electricity clients engaged in high-profile and innovative transactions and contentious matters. In addition to the team’s well-known regulatory capabilities, its practitioners are also seasoned in privatisations, M&A deals involving power assets, transmission and generation auctions, and EPC agreements across all segments. The firm’s renewable energy offering is also of note; testament to this is its regular involvement in matters involving wind, solar and hydropower. Isabel Lustosa is a reference in the Brazilian power sector; she possesses a wealth of experience acting for generation companies, financial sponsors and utilities in regulatory matters, administrative proceedings, litigation, M&A and projects. Luciana Yoshida has acted for utilities, generation companies and sponsors in numerous mergers and acquisitions in the power sector. Alberto Büll da Silva is no longer at the firm.

Practice head(s):

Isabel Lustosa

Key clients

Equatorial Energia

ABRADEE – Associação Brasileira de Distribuidores de Energia Elétrica

Brookfield Renewable Energy

Neoenergia Group

Anglo American Brasil

IBS Energy Group

Work highlights

  • Assisted Equatorial in the due diligence and review of the legal aspects related to the potential acquisition of 65.87% of shares of a distribution utility company.
  • Assisted Anglo American in connection with the due diligence and review of the legal and regulatory aspects related to the acquisition of certain wind power plants developed by Casa dos Ventos Energias Renováveis.
  • Assisted Equatorial in the due diligence related to the acquisition of 99.86% shares of Companhia de Eletricidade do Amapá (CEA).

Veirano Advogados

Combining deep sector strength with a multidisciplinary offering covering financing, M&A and project development, the electricity practice at Veirano Advogados is well positioned to advise clients throughout the life cycle of a power project. The team - which showcases particular strength in the transmission space - also assists clients from all sub-segments in regulatory matters, litigation before administrative and judicial courts, and tax-related issues. The practice has witnessed an uptick in deal activity on the renewables side, notably in wind and solar power project M&A, and has been sought after by clients engaged in LNG-to-power projects in ports, offshore wind power plants and hydrogen mandates. Though primarily focused on M&A transactions involving electric assets, Tiago Figueiró is also proficient in project development and administrative proceedings in this space. He manages the team with Daniel Engel, a key contact for renewable generation projects, and Ana Carolina Barretto, a name to note for project financing. Luísa Tortolano Barreto, who has been particularly active in M&A and regulatory matters, and Paola Oliveira, who focuses on contracts and public law issues, stand out at the associate level. Recent hire Mariella Rocha brings a wealth of experience in renewables, energy transition matters and policies.

Practice head(s):

Tiago Figueiró; Daniel Engel; Ana Carolina Barretto

Testimonials

‘Great service. New team with a lot of experience as an advisor for SPA contracts, purchase of projects, EPC, O&M.’

‘Daniel Engel is a great lawyer.’

Key clients

Engie Brasil Energia

Argo Energia

Celeo Redes

Acciona Energía Chile

Vale

GE Wind

Hydro REIN

Scatec Solar Brasil Serviços de Engenharia

Atlas Renewable Energy

Enel

Dois A Engenharia

Nextracker

Goldwind

LightsourceBP

B3 – Brasil, Bolsa, Balcão

Global Power Generation (Naturgy Group)

Compass Gás e Energia

Grupo Gransolar

BP Gas Marketing Limited

Nordex Acciona

Sunco Capital

Total Eren

2W Energia

Green Enesys Holdings

AngloGold Ashanti

GreenYellow do Brasil Energia e Serviços

BMPI Infra

Otovo AS

Comerc Energia

Exus Management Partners

Work highlights

  • Assisting Argo Energia in the acquisition of Rialma Transmissora de Energia III.
  • Assisted Nordex Brazil in the negotiation with AES Energy of turbine supply agreements (TSA) and operation and maintenance agreements (O&M) for the supply of wind turbine generators for the Cajuína Cluster.
  • Assisting B3 with the structuring and forms of power purchase agreement for a newly organised over-the-counter power market and power market services platform.