Firms To Watch: Electricity (and renewable energy)

ASBZ Advogados fields an energy team with a deep understanding of the power sector and a strong track record in contentious and regulatory matters, most notably administrative proceedings.
Stocche Forbes Advogados brings together multidisciplinary teams across infrastructure, project finance, capital markets and corporate and M&A to assist electricity clients in the entire array of transactional work.

Electricity (and renewable energy) in Brazil

BMA - Barbosa, Müssnich, Aragão

BMA - Barbosa, Müssnich, Aragão is seen with great regularity acting for electricity sector clients before regulatory authorities in connection with bids, concessions, environmental licensing, renegotiations of regulated contracts, and disputes. The practice also boasts strong capabilities in the fields of M&A transactions, greenfield projects, court-supervised reorganisations and tax law. The energy group is jointly led by infrastructure and regulatory specialist Ana Cândida de Mello Carvalho and Carlos Frederico Lucchetti Bingemer, the latter of whom focuses on M&A, including deals involving power and renewable energy assets.

Practice head(s):

Ana Cândida de Mello Carvalho; Carlos Frederico Lucchetti Bingemer

Testimonials

‘BMA has a lot of differentiated expertise in the market. The team can assist us with a variety of matters. Carlos Frederico is our main point of contact.’

Key clients

AES Tietê Energia

Abengoa Concessões Brasil Holding

We Trust in Sunlight Energia renovável e Participações

São Gonçalo Energia e Gás Renovável

ATE IV – São Mateus Transmissora De Energia

Ventos de Santo Artur Energias Renováveis

Work highlights

  • Advised Abengoa Concessões Brasil Holding on disinvestment and decommissioning of several transmissions lines, under different stages of environmental licensing proceedings.
  • Represents Ventos de Santo Artur Energias Renováveis in a lawsuit against IDEMA seeking authorisation to establish a legal reserve outside of the project’s area.
  • Advising We Trust in Sunlight Energia renovável e Participações on the environmental licensing procedures of a power plant (biogas and solar) in the state of Rio de Janeiro.

Campos Mello Advogados in cooperation with DLA Piper

Campos Mello Advogados in cooperation with DLA Piper not only has the ability to assist clients throughout all steps of project development related to non-renewable and renewable energy sources, but is also well versed in M&A transactions involving power assets. Recently, the practice has been particularly active advising on investments in net metering projects and portfolios, self-production projects, and in the negotiation of PPAs and connection agreements. Department head Fabiano Gallo is proficient in renewable energy and transactional matters. He receives key support from a team of associates, which includes Flavia Cerutti, whose experience encompasses project development, electricity regulations and operation agreements.

Practice head(s):

Fabiano Gallo

Testimonials

Campos Mello office is a full service office that has differentiated expertise in the energy and renewables area and in medium and high complexity projects. The office meets the demands within the agreed deadlines and always with high quality delivery. The technical capacity of the team of lawyers is excellent and there is an active collaboration of lawyers, bringing creative and effective solutions to the problems presented.’

The partner Fabiano Gallo has differentiated, agile technical and business knowledge, available to the client and whose experience in energy operations adds a lot to the negotiations.’

Key clients

Statkraft Energias Renováveis do Brasil

ENEVA

Gemini Energy

Neoenergia

Rio Alto Energia

Scatec Solar

General Electric Company

Banco Santander (Brasil)

ABInbev

Grupo Ultra/Ipiranga

Amazon Web Services (AWS)

Arlanxeo

Faro Energy

Pivô Desenvolvimento Imobiliário

Work highlights

  • Advised Coremas Holding II on the process of raising funds in the Brazilian market to finance and develop a 31.2MWp solar energy generation project.
  • Assisting ABInbev with the negotiation of a corporate PPA for its Brazilian branch, for the acquisition of renewable power in the free market (ACL).
  • Assisted Rio Alto Energias Renováveis with the legal aspects of a corporate and governance restructuring in preparation for the company’s IPO.

Cescon, Barrieu, Flesch & Barreto Advogados

Cescon Barrieu offers support to major Brazilian and international companies and banks on the full spectrum of electricity matters. Clients not only seek advice on regulatory issues, M&A transactions and project finance, but also engage the team in relation to public infrastructure projects and procurement. Other areas of focus include self-generation and distributed generation projects, as well as the development of transmission assets. Maurício Teixeira dos Santos oversees the nationwide infrastructure and projects department, while Roberto Mario Amaral Lima Neto leads on project financing and regulatory matters pertaining to the power industry. Lenders, concessionaires, power trading players and sponsors regularly turn to Alexandre Leal Ribeiro Leite (who was promoted to partner in November 2021) for assistance with M&A, financing and regulatory issues.

Practice head(s):

Mauricio Teixeira dos Santos; Roberto Mario Amaral Lima

Testimonials

‘The firm has a qualified team that allows it to advise companies with quality and speed. Mauricio Santos and Alexandre Leite are recommended.’

‘Cescon, Barrieu, Flesch & Barreto Advogados assists us in the regulatory area of the Brazilian Electricity Sector. All the analyses presented by the team so far were very successful. Roberto Lima is a professional with a high degree of quality, who always meets our demands very quickly, in addition to being knowledgeable of our business.’

‘The firm is among the best in Brazil, with a team of lawyers who know how to listen carefully to the client and provide customised solutions for complex problems.’

Key clients

Enel Group

Cia Paranaense de Energia – COPEL

BNDES – Brazilian Development Bank

Etepa – Empresa Transmissora de Energia do Pará

Elecnor do Brasil

Insole Energia Solar

Banco Santander (Brasil)

Neoenergia

Banco Itaú BBA

AES Brasil

EDP Energias do Brasil

Work highlights

  • Advised Enel X on its participation in the Street Lighting Bidding PPP Process conducted by the city of Angra dos Reis.
  • Assisted Copel Holding in the unbundling of its telecoms and energy assets by means of the sale of its telecoms subsidiary Copel Telecom.
  • Advised Neoenergia on the acquisition of greenfield wind power projects from PEC Energia.

Demarest Advogados

The energy team at Demarest Advogados focuses on litigation and regulatory matters, providing assistance to an array of clients within the power sector. The group is knowledgeable in all key industry-related issues, and is predominantly retained by large consumers, power trading and generation clients. Contentious specialist Rafael Gagliardi is experienced in high-profile cases involving major players in the electricity market; he stands out for his track record in regulatory disputes, court litigation and arbitration in the segment. Raphael Gomes and Bruno Crispim left the firm (as of December 2020), which in turn hired (energy and natural resources) regulatory and contractual specialist, Rosi Costa Barros, as practice head, from Neiva Barros & Figueiró, Sociedade de Advogados in May 2021; she is particularly focused on the electricity segment.

Practice head(s):

Rosi Castro Barros

Testimonials

‘Team with extensive knowledge of the subject, strategic vision and aware of the client’s needs.’

‘Rafael Gagliardi has comprehensive knowledge of the energy sector. He is very assertive.’

Key clients

Engie Brasil Energia

Câmara de Comercialização de Energia Elétrica – CCEE

Energia Sustentável do Brasil – ESBR

Riachuelo

Banco Plural

Transmissora José Maria de Macedo – JMM

Ferbasa – Companhia de Ferro Ligas da Bahia

Cobra Brasil Serviços, Comunicações e Energia

Norte Energia

Work highlights

  • Advised Companhia Energética de Brasília – CEB, Banco Nacional de Desenvolvimento Econômico e Social (BNDES) and Banco Plural on the privatisation process of CEB Distribuição and the consequent share auction won by Neoenergia.
  • Advised CCEE in an collective lawsuit against União Comercializadora de Energia.
  • Assisting CCEE in demands related to recent events in the market, especially the ‘hydric risk’ that considerably impacted hydraulic power plants.

Dias Carneiro Advogados

Offering transactional and regulatory advice, the team at Dias Carneiro Advogados has notable strength in the negotiation of project contracts, M&A and financing deals. Several active players in the renewable energy market, particularly those involved in wind and solar generation, frequently seek the team's advice in relation to regulations, investments, project finance and development. Ricardo Sanches receives instructions from domestic and foreign energy companies, financial institutions and investment funds, which seek assistance with public procurement, project finance and regulatory matters. He jointly leads the practice with Thiago Vallandro Flores, who 'stands out in the Brazilian legal market in the area of energy and project financing'.

Practice head(s):

Ricardo Sanches; Thiago Vallandro Flores

Testimonials

‘Dias Carneiro is a medium-sized firm that provides first-rate legal services. They have a very strong team in the area of project finance and energy. Dias Carneiro, in particular, has a very strong regulatory team in the energy sector. Partners actively participate in calls and in reviewing documents, which consistently ensures the highest quality of services. Dias Carneiro is known for its attention to detail. The team is very integrated and proactive.’

‘In general, Dias Carneiro’s team is known for its technical excellence, speed and attention to detail. Thiago Vallandro Flores is excellent and very proactive, and stands out in the Brazilian legal market in the area of energy and project financing.’

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

Work highlights

  • Assisted Vestas Wind Power, a Danish group and manufacturer of wind turbine generators, on the negotiation of agreements with a joint venture between Votorantim Energia and the Canadian fund CPP Investments.
  • Assisted Vestas Wind Power on the negotiation of agreements with European Energy, a European group founded in 2004, having 1.5GW of installed energy in wind and solar farms.
  • Acted as counsel to IDB, IDB Invest and Norway-based DNB on their combined loan to Atlas Renewable Energy, destined to finance a ground-breaking Jacaranda renewable energy project in Brazil.

Edelstein Advogados

Edelstein Advogados specialises in energy law and provides advice to clients on an array of electricity-related matters, including regulatory issues, public tenders and administrative proceedings. Transactions involving transmission and generation projects and tax matters are other areas of activity for the department, which is under the leadership of André Edelstein, Ana Clara Toledo Brito and Gabriel Faria Bernardes. Edelstein receives regular instructions from power generation, distribution, transmission and trading companies, which also seek Brito's assistance in regulatory, contractual and environmental matters. Bernardes is proficient across regulatory and tax issues pertaining to the electricity sector.

Practice head(s):

André Edelstein; Ana Clara Toledo Brito; Gabriel Faria Bernardes

Testimonials

‘Team specialised in Energy with extensive experience in regulatory matters.’

‘It stands out for the proximity of the partners to the clients, their technical knowledge, and their focus on the result. André Edelstein is recommended.’

‘In addition to the technical ability and ethical standards, the characteristic that sets the firm apart is its ability to fully understand the problem and quickly design and execute solutions. Ana Clara Brito has an exceptional ability to understand the situation and bring to the table legal and regulatory elements that support decision-making.’

Key clients

Cobra Brasil Serviços, Comunicações e Energia

Canadian Solar

Órigo Energia

Fotowatio Renewable Ventures

GD Solar Holding

Gerdau

Raízen Energia

European Energy

Oi

Brennand Energia

RBO Energia

Nebras Power

Cargill

Companhia Zaffari Comércio e Indústria

Associação Brasileira de Geração de Energia Limpa – ABRAGEL

Proton Energy

Vector Renewables

CGN Brasil Energia

Enc Energy

Work highlights

  • Advised GD Solar on regulatory and tax matters related to a transaction with Ipiranga with involves investments of R$160m, and should provide savings of R$75m over 10 years.
  • Acted for Enc Energy in a lawsuit questioning the ICMS tax regarding its operations; the decision may constitute a precedent in the sector of renewables energy.
  • Assisted Gerdau in the negotiations with the natural gas distributor of the state of Ceará in the renewal of the gas supply and in extrajudicial measures to recognise the possibility of using a credit of R$20m.

Julião Coelho Advocacia

Brasília-based energy boutique Julião Coelho Advocacia is nationally recognised for its strength in regulatory litigation before the superior courts in Brazil. Its practitioners have relevant backgrounds at ANEEL (the National Electricity Energy Agency) and are regularly sought after by major clients in relation to complex regulatory issues. The full range of services pertaining to power generation, transmission, distribution and trading are catered for by the team, which regularly acts for clients in issues related to renewable energy sources. Julião Silveira Coelho excels in litigation proceedings before the federal courts and ANEEL; Camila Alves e Fontes is a name to note for risk analysis and regulatory issues, notably those pertaining to solar power; and Pedro Henrique Maciel Fonseca combines expertise in public law, litigation and infrastructure.

Practice head(s):

Julião Silveira Coelho; Camila Alves e Fontes; Pedro Henrique Maciel Fonseca

Testimonials

‘A team of the highest technical level, available and able to explore how the client’s interest will be better served. It always proposes innovative ways to increase the likelihood of success in matters.’

‘Founding partner Julião Coelho is undoubtedly one of the most capable and efficient lawyers in the country in matters of the electricity sector. He has undisputed technical knowledge and focuses on providing innovative and tailor-made solutions. Pedro Fonseca is also a star.’

‘Firm specialised in energy matters, with a truly trained, up-to-date and available team. Julião Coelho is extremely intelligent, and able to explain complex issues in a clear and simple way. Camila Alves e Fontes is extremely available, attentive and careful with all the issues in which she is involved. It’s a pleasure to work with them.’

‘The service provided by the firm is very focused on the client’s needs. The in-depth knowledge of regulatory aspects and Brazilian legislation makes the firm a valuable partner in claims involving administrative and legal aspects. The ability to think of out-of-the-ordinary alternatives makes the office an important resource in complex administrative discussions.’

‘Julião Coelho has great knowledge of legislation and regulations. Pedro Fonseca is a rising star at the firm, who combines good knowledge of subjects with an above-average level of dedication.’

Key clients

Elera Renováveis

CESP

ENEL

BEN Bioenergia

Associação Brasileira dos Investidores em Autoprodução de Energia (ABIAPE)

Associação Brasileira de Grandes Consumidores Industriais de Energia e de Consumidores Livres (ABRACE)

Associação Brasileira dos Produtores Independentes de Energia Elétrica (APINE)

Central Geradora Termelétrica Fortaleza

Companhia Brasileira de Alumínio – CBA

BTG Pactual

Work highlights

  • Acts for Companhia Energética de São Paulo – CESP in a case regarding the calculation methodology of the indemnification for the reversible assets of the Ilha Solteira and Jupiá hydroelectric plants.
  • Acted for ABRACEEL in the filing of an unconstitutionality claim before the Supreme Federal Court in relation to a norm set by São Paulo state concerning a tax collection mechanism for energy distributors.
  • Represents ABRACE in a lawsuit that questions the inclusion of certain expenses in the rate called Conta de Desenvolvimento Energético (Energy Development Account).

Lefosse Advogados

The energy group at Lefosse Advogados was bolstered by the December 2020 arrival of a team of electricity experts from Demarest Advogados. The department is now jointly led by two partners: Raphael Gomes, who is knowledgeable in regulatory issues pertaining to the generation and commercialisation of energy; and Pedro Dante, whose areas of expertise include energy purchase contracts, power regulations and litigation. The recent additions to the team strengthened its regulatory and administrative litigation capabilities. Bruno Crispim is a key figure in the regulatory field, and often advises clients on power purchase agreements and transactions involving renewable energy, including wind, solar, hydro and biomass.

Practice head(s):

Raphael Gomes; Pedro Dante

Testimonials

‘The department of energy and natural resources at Lefosse Advogados stands out for its deep knowledge of the legal framework of the Brazilian electricity sector, combined with a broad knowledge of the dynamics of government organisations in the sector, such as the Regulatory Agency (ANEEL) and the Commercialization Chamber (CCEE).’

‘Raphael Gomes stands out for his legal knowledge of the Brazilian electricity sector and for his availability, commitment and skills in dealing with his interlocutors, which guarantees reliable and effective support. Pedro Dante is backed by his professional experience and legal knowledge, whether in advising his clients or in the oral discussions.’

‘Availability, quality, understanding of the core business of the client.’

‘Extensive experience in the electrical sector, with professionals from regulatory agencies with a proactive attitude.’ 

‘Team composed of extremely differentiated professionals in the energy area, always acting in accordance with new business possibilities and enabling success of clients in matters. Pedro Dante is an extremely competent lawyer.’

Key clients

Engie Brasil Energia

Vivo Participações

Banco Plural

Cymimasa

2W Energia

Norte Energia – Nesa

Centrais Elétricas de Sergipe – Celse

Focus Energia

Canadian Solar

Centrais Elétricas do Norte do Brasil – Eletronorte

Work highlights

  • Advised Banco Plural and Banco Nacional de Desenvolvimento Econômico e Social – BNDES on the Companhia Energética de Brasília – CEB privatisation process.
  • Acts for Centrais Elétricas de Sergipe – CELSE in an administrative proceeding before ANEEL that discusses the application of penalties for not closing the combined cycle of the UTE Porto de Sergipe, the largest thermal power plant in Latin America.
  • Assists NESA in administrative and judicial discussions with ANEEL on the exclusion of liability for the delay in the schedule for the start of commercial operations of the Belo Monte plant.

Lobão Cosenza, Figueiredo Cavalcante Advogados

Founded in 2019, Lobão Cosenza, Figueiredo Cavalcante Advogados is 'characterised by the vast knowledge and practical experience of its professionals in the power sector'. Standing out for its in-depth knowledge of regulatory and administrative law, the firm primarily acts for clients operating in the areas of generation, transmission, trading, distributed generation and renewable energy. Litigation, commercial issues and regulated contracts are other notable areas of practice. Practice head Caio Figueiredo Cavalcante is noted for his background in power transmission, while co-leader Tiago Lobão Cosenza is recommended for public law and infrastructure projects.

Practice head(s):

Caio Figueiredo Cavalcante; Tiago Lobão Cosenza

Testimonials

‘The team is made up of highly trained professionals with experience in companies in the electricity sector, which allows them to come up with strategic solutions suited to the client’s needs. Elements that distinguish them from others include: agility in solutions, clear strategies, high technical capacity and fair price.’

‘Caio Cavalcante stands out for his business vision that helps clients in the decision-making process. Tiago Lobão is recommended for his commercial and business vision in the regulatory sector, focused on obtaining the best result on behalf of the client.’

‘The firm is characterised by the vast knowledge and practical experience of its professionals in the power sector. Matters are all carried out by senior professionals with years of experience in the sector. Professionals are agile and always available.’

‘My main point of contact is Caio Figueiredo Cavalcante; he has a deep knowledge of regulatory issues in the transmission segment.  Caio brings to the office his years of experience as head of one of the largest energy groups in the country, so he understands day-to-day regulatory issues as well as matters that impact the entire sector.’

Key clients

Linhas de Macapá Transmissora de Energia (LMTE)

ABRATE – Associação Brasileira das Empresas de Transmissão de Energia Elétrica

Celeo Redes Brasil

Perfin Administração de Recursos

Alupar Investimento

Belo Monte Transmissora de Energia SPE (BMTE)

TBE – Transmissoras Brasileiras de Energia

Terna Plus

Gemini Energy

Work highlights

  • Providing legal and regulatory assistance to Linhas de Macapá Transmissora de Energia (LMTE) in relation to an unexpected shutdown of the transformers of the Amapá Substation, which is the object of LMTE’s concession.
  • Acted for ABRATE – Associação Brasileira das Empresas de Transmissão de Energia Elétrica and made an administrative request against ANEEL’s board vote which was damaging to the auctioned transmission concessionaires.
  • Hired by Belo Monte Transmissora de Energia (BMTE) to judicially request the annulment of a fine BMTE received from ANEEL as responsible for the blackout which took place on March 18, 2018.

Machado Meyer Sendacz e Opice Advogados

Machado Meyer Sendacz e Opice Advogados has longstanding experience in traditional generation and renewable energy projects, acting as legal counsel to foreign and domestic companies in the power sector. The group is well equipped to assist with the full array of transactional mandates, ranging from project finance to M&A, energy auctions and commercial contracts. Regulatory issues and administrative proceedings also feature in the team's caseload. Ana Karina Esteves de Souza, who is recommended for project finance, transactions and concessions involving the electricity sector, oversees the department, which also has notable strength in power commercialisation, trading and self-generation. Energy law specialist Laura Souza is regularly retained by international clients looking to operate in the Brazilian market. Paulo Machado is a noteworthy practitioner in project development, while Brasília-based Cristiane Romano focuses on judicial and administrative disputes.

Practice head(s):

Ana Karina Esteves de Souza; Cristiane Romano

Testimonials

‘Large experience in the energy sectors. Availability at any time of the day, knowledgeable of the legal framework related to the energy emerging markets.’

‘Extremely well prepared team, up-to-date with the main developments in the sector and with high technical knowledge. Ana Karina Souza is a professional with the highest technical level and significant experience.’

Key clients

EDF – Electricité de France

Macquarie Capital

Equinor

Sterlite Power Grid Ventures

EDP Renováveis Brasil

Echoenergia

BlackRock Global Energy & Power Infrastructure Funds

CTEEP – Companhia Paulista de Transmissão de Energia Elétrica

Siemens Energy

Total Gas & Power

Work highlights

  • Advised Atlas Juazeiro, an energy trading company of Atlas Group, on all stages of the structuring of a USD indexed power purchase agreement (USD PPA) and on photovoltaic power plants that will supply energy under the USD PPA.
  • Provided Macquarie with a full analysis of the Brazilian energy sector, including analysis of photovoltaic and wind projects that will potentially be acquired by the client from a major energy project developer in the Brazilian market.
  • Advised Omega Energia on the regulatory measures related to an incident that occurred involving the overflow of a reservoir and dam failure of a small hydroelectric plant.

Magalhães, Reis & Zagatto Advogados

Magalhães, Reis & Zagatto Advogados was founded in 2019 by Gerusa Magalhães, who is widely recommended for electricity policy matters and regulatory advice, Cristiana Reis, who specialises in regulatory issues and administrative proceedings, and Miriam Zagatto, the key contact for contractual matters and projects. The firm has quickly built a strong presence in the electricity sector acting for large consumers, generators, traders and utilities across different exploration regimes. Covering conventional and renewable sources of energy, the group excels in regulatory matters and administrative proceedings. In addition, the team regularly handles the negotiation of contracts and agreements, and advises on power projects-related issues.

Practice head(s):

Gerusa Magalhães; Cristiana Reis; Miriam Zagatto

Testimonials

‘The great ability to analyse issues and develop different scenarios and come up with alternatives makes the team unique. The practice also stands out for the commitment to the client.’

‘Gerusa Magalhães combines a deep legal knowledge with technical expertise specific to the electricity sector. She seeks to understand and discuss technical aspects of the problem. This makes the proposed solution more robust and less susceptible to failure.’

‘Magalhães Reis Zagatto is an office that entered the legal services market with much recognition of excellence for the composition of its team. The experience and quality of the practice in Energy Law is indisputable covering the various market segments.’

‘I would like to highlight the work of Gerusa Magalhães, who is very experienced in energy law and recognised in the market. Her warmth and availability, in addition to her great knowledge, make her a highly sought-after professional. I also highlight the work of Cristiana Reis.’

Key clients

Grupo Enel

ESBR – Energia Sustentável Do Brasil

Associação brasileira de geração eólica – ABEOLICA

Comerc -Comercializadora De Energia

Libra Comercializadora De Energia

Minas PCH

Eletrogoes

Rio Energy

Newen

Eletrobrás

Aliança energia

Saesa – Santo Energia

Ctg Brasil

Associação Brasileira Dos Produtores Independentes De Energia – APINE

Cesp

Work highlights

  • Advises Electrogóes on administrative proceedings involving electricity power purchase agreement discussions, extension of the concession and payment of sectorial charges.
  • Assisted APINE, the Brazilian Association of Independent Power Producers, in the discussions of the Brazilian Electricity Code, a proposal presented at the National Congress, which aims to consolidate the laws of the sector.
  • Advises Santo Antonio Energia on the discussions of the financial impacts associated with hydrological risk.

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados has broad capabilities across the entire spectrum of mandates pertaining to power, and particularly excels in transactional and regulatory work. The team balances a busy workload, with a significant proportion of its deals involving M&A, financings, asset auctions and strategic alliances. Besides acting for electricity companies across the generation, distribution and transmission segments in sector-related transactions, regulatory issues and administrative proceedings, the department also offers legal support to private equity houses and financial institutions. Other areas of expertise include self-production and gas-to-power projects, as well as renewable energy mandates. Fabiano Ricardo Luz de Brito devotes his practice to the electricity sector, and has a wealth of experience in M&A transactions, project finance and litigation. In a recent highlight, a team led by Brito advised the National Energy Trading Chamber (Câmara de Comercialização de Energia Elétrica – CCEE) on the ground-breaking COVID Account financing mechanism. Sofia Barbosa recently joined from Ulhôa Canto, Rezende e Guerra Advogados to boost the regulatory practice.

Testimonials

‘Mattos Filho has teams with technical excellence in all areas of law that we need. They are always available and respond with quality and speed.’

‘The firm has a high delivery capacity, making it possible to conduct several processes at the same time, favouring the unification of the handling of issues with few interlocutors, but accelerating the deliveries we need through the involvement of its teams. Fabiano Ricardo Luz de Brito has an enormous ability to argue and negotiate with lawyers on the other side.’

‘Availability, speed of response, technical and market knowledge. Fabiano Luz de Brito and Sofia Barbosa are great.’

Key clients

Câmara de Comercialização de Energia

Elétrica – CCEE

AES Tietê Energia

Atem’s Distribuidora de Petróleo

Atlas Casablanca Comercializadora de Energia

Atlas Brasil Energia Holding

Brasil Energia Fundo de Investimento em Participações Multiestrategia – Brasil FIP

Cymi Construções e Participações

Comerc Comercializadora de Energia Elétrica

Cymi Construcoes e Participações

Echoenergia Participações

EDF EN do Brasil Participações

Elera Renováveis

Enel Brasil

Equatorial Power Distribution Companies

Equatorial Transmissora

Equinor and Equinor Energy Ventures Fund.

Fairfax Brasil Seguros Corporativos

Fundo de Investimentos em Participações em Infraestrutura Energias Renováveis

Pátria Infraestrutura III – FIP Multiestratégia – FIP III Pátria

Argo Co-Investimento FIP Multiestratégia – Argo FIP

XP Infra III Fundo de Investimento em Participações em Infraestrutura

Celeo Redes Brasil

Companhia Ferroligas Minas Gerais

Ligas de Alumínio

Neoenergia Renováveis

Work highlights

  • Advised Câmara de Comercialização de Energia Elétrica – CCEE in obtaining financing from Banco do Brasil, Banco Bradesco, Itaú, BNDES, Citibank, Banco Votorantim, Banco Safra, Credit Suisse, Banco Sumitomo, Banco BTG, JP Morgan, Banco ABC, Banco BOCOM, China Construction Bank and Banco Alfa.
  • Assisted Atem Distribuidora de Petróleo (a fuel trading and distribution company) in the sale of all its equity interest in Amazonas Energia and in Roraima Energia.
  • Advised AES Tietê Energia on the incorporation of a joint venture with Unipar Carbocloro, with the purpose of developing wind farms projects.

Melcheds - Mello e Rached Advogados

Melcheds - Mello e Rached Advogados is singled out for its knowledge of the renewable energy sector, most notably solar power and photovoltaic projects. Led by Rodrigo Mello, the practice assists domestic and foreign clients in regulatory matters, contracts and M&A transactions involving electric energy. Mello is seasoned in corporate law, M&A and financing deals, while Christiano Dias Lopes is noted for his experience in the negotiation of agreements related to the renewable energy sector.

Practice head(s):

Rodrigo Mello

Testimonials

‘They have extensive knowledge of solar energy contracts in Brazil and know the regional peculiarities. Partner Rodrigo Mello demonstrates in-depth knowledge and availability.’

‘Team with differentiated knowledge in corporate transactions in the energy sector. They have participated in relevant renewable energy operations. Rodrigo Mello is recommended.’

‘The ability to respond quickly and assertively to the company’s specificities, so that they contribute to the success of the transaction. Rodrigo Mello is excellent.’

Key clients

Steelcons Empreiteira Construção Civil

New Energies Investimentos E Participações

Sungrow Projetos

Sungrow Do Brasil Representação Comercial, Instalação E Manutenção De Equipamentos

Zimba Evolvere Energia Spe

Infinity Do Brasil Comercializadora De Energia

Phenom Capital Group

Combio Energia

Fotovo Energia

Casa Dos Ventos Energias Renováveis

Power Tree

LOT Engenharia

Work highlights

  • Advising New Energies Investimentos e Participações on the sale of 100% of its equity interest in Complex UFV Alex (photovoltaic power projects of 270MW up to 310MW) to Brookfield Energia Renovável, which intends to enter the photovoltaic business in Brazil.
  • Assisting Sungrow do Brasil Representação Comercial, Instalação e Manutenção de Equipamentos in the drafting, analysis and negotiation of the inverters and skids supply agreement with Grupo Pátria Investimentos/Blackstone (Essentia Energia), for a photovoltaic complex with total capacity of 415MW.
  • Provided legal assistance to Zimba Evolvere Energia SPE in the development and sale of solar photovoltaic projects in the region of Serra Talhada (PE) with an approximate capacity of 119MW, involving regulatory, contractual and corporate aspects.

Mundie e Advogados

With a strong reputation for its knowledge of regulated sectors in Brazil, Mundie e Advogados advises international and domestic clients on a range of regulatory and contentious power mandates, with a special emphasis on the generation segment. The department excels in administrative proceedings, but is also adept at handling power purchase agreements, contractual issues and legislative matters. Leading the practice is Rafael Fabbri D’Avila, who is recognised for regulatory disputes and administrative law. Nathalie François is another key individual in the team, who focuses on power regulations.

Practice head(s):

Rafael Fabbri D’Avila

Testimonials

‘It has technical knowledge of the energy sector and the ability to convey this knowledge.’

‘Rafael D’Avila has outstanding technical knowledge. Nathalie François works closely with the client.’

Key clients

Proton Energy

Rio Amazonas Energia – RAESA

Get Energia

XP

BTG Pactual

Termelétrica Viana

Linhares Geração

Equatorial Transmissão

CPFL Distribuidora

Voiter

JunHe LLP

TIM

BEP Comercializadora de Energia Elétrica

Gera Amazonas

Gera Maranhão

Máxima Energia

Tropicália Transmissão

Pequena Central Hidrelétrica Rio do Braço

Nova Energia

Esfera Energia

Tamanduá Energia

Vectis Capital

Electra Comercializadora

Work highlights

  • Acted for Gera Amazonas in an administrative proceeding initiated by ANEEL aiming at amending long-term power purchase agreements.
  • Representing Termelétrica Viana in an administrative appeal against a series of decisions issued by ANEEL, which severely increased client’s costs in generating energy, especially regarding connection costs with the grid.
  • Assisted Proton Energy in the review of all regulatory aspects associated with the operation of photovoltaic plants, and negotiation of new operation and maintenance contracts for the plants.

Pinheiro Neto Advogados

With a strong background in M&A, privatisations and public tenders, Pinheiro Neto Advogados‘ energy department offers comprehensive advice to a varied client roster that includes independent power producers, electric utilities, energy trading companies, large consumers of power and investors. In a recent highlight, the team acted as counsel to major banks in Brazil in relation to the credit facility known as Conta-Covid, a mechanism created by the federal government to mitigate the impacts of the economic crisis caused by the Covid-19 pandemic on the electricity sector. Department head José Roberto Oliva Júnior is proficient across all energy segments and power regulations, and often handles project finance and M&A transactions. Senior associate Julia Batistella Machado left the firm in September 2021.

Testimonials

‘Pinheiro Neto stands out in the energy sector for having excellent professionals with knowledge of the sector, a multidisciplinary team that responds promptly and understands the client’s business. They always propose alternatives in order to make the execution of new businesses viable.’

‘José Roberto Oliva is recommended.’

Key clients

Banco do Brasil

Banco Bradesco

Banco Santander (Brasil)

Itaú Unibanco

Banco Nacional de Desenvolvimento Econômico e Social – BNDES, Banco Citibank

Banco Votorantim

Banco Safra

Statkraft Energias Renováveis

CPFL Energia

Celulose Irani

Brookfield Infrastructure Partners

Votorantim Energia

Rio Energy

Micropower

Wobben Windpower

Comerc Energia

Work highlights

  • Advised major banks in Brazil on the credit facility known as Conta-Covid, a mechanism created by the federal government to mitigate the impacts of the economic crisis caused by the Covid-19 pandemic on the electricity sector.
  • Assisted VRTM in the acquisition of 14 wind projects in Northeast Brazil from Casa dos Ventos, with a total installed capacity of more than 400MW.
  • Acted as legal counsel to Pátria and GIC in connection with their participation in the privatisation auction for the possible acquisition of CESP – Companhia Energética de São Paulo.

Rolim, Viotti, Goulart, Cardoso Advogados

The power department at Rolim, Viotti, Goulart, Cardoso Advogados has built a reputation for acting for industry-leading clients in the areas of litigation and complex regulatory issues. The practice is skilled at assisting with the structuring of distributed generation projects and electricity bids, offering advice on regulatory, corporate, contractual and tax law. Led by renowned energy specialist Maria João Rolim, who splits her time between São Paulo and Lisbon, the team has an impressive track record in administrative, judicial and arbitration proceedings involving electricity regulations. Recently promoted partner Vitor Sarmento de Mello is noted for disputes in the transmission, generation and distribution sectors.

Practice head(s):

Maria João Rolim

Testimonials

‘The team is extremely well prepared, very available and very involved in the work carried out. Maria João Rolim stands out in the energy area. She is recognised in the market as a reference in this sector.’

‘Applies technical knowledge in order to perform tasks with quality and speed. Vitor Sarmento de Mello anticipates client needs.’ 

‘The entire team is always available for queries and the language used in the answers greatly facilitates the client’s understanding. Maria João Rolim has always assisted us with great attention and speed, using a simple and objective language.’

Key clients

Anglogold Ashanti

Gerdau

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

Cemig Distribuição

Helexia

Nacional System Grid Operator (ONS)

Neoenergia

Belo Monte Transmissora de Energia

Elektro Distribuidora de Energia

Projeto Descarboniza Brasil

Work highlights

  • Assisted Helexia in a project of generation distributed to supply Telefónica’s units in five Brazilian states.
  • Representing CEMIG Distribuição before ANEEL in an administrative procedure involving tax issues.
  • Acts on behalf of the Brazil’s national grid operator (ONS) in a lawsuit filed by a petrochemical company seeking indemnification for damages caused by a blackout.

Schmidt, Valois, Miranda, Ferreira & Agel Advogados

With extensive experience in project development across the generation, transmission and distribution sub-sectors, Schmidt, Valois, Miranda, Ferreira & Agel Advogados showcases particular strength in commercial transactions. The practice is a popular choice of counsel for financial institutions, large consumers, operators and investors seeking legal support in relation to public bids, revision of tariffs and other issues before regulatory agencies. Guilherme Schmidt undertakes a range of transactional work, including M&A and infrastructure deals. He leads the Rio de Janeiro-based group, which also includes Bruno Guedes Ribeiro, who is seasoned in contractual matters, corporate deals and arbitration. In a significant development, August 2021 saw the return of Alexei Macorin Vivan to the firm's São Paulo office.

Practice head(s):

Guilherme Schmidt

Key clients

Shell

Wärtsilä

Raízen

Prumo Logística

Air Products

SoEnergy International

ZTT do Brasil

Fundação Conrado Wessel Group

Grupo CCR

EBrasil Norte Geração de Energia

Pampa Enegia

Moncarlo Participações

Work highlights

  • Represented Petrobras Distribuidora in the acquisition of a 70% equity stake of Targus Comerlizadora.
  • Provided regulatory and contractual assistance to Moncarlo in the development of a shared distributed generation project, comprising the implementation of three small hydroelectric power plants.
  • Assisted LMP Energy Participações e Consultoria and Mitsubishi Hitachi Power Systems Americas in the negotiation for the construction of a major gas thermoelectric power plant of 680MW capacity in the north region of Brazil.

Sergio Bermudes Advogados

Sergio Bermudes Advogados is a top player in the dispute resolution market in Brazil, and has been increasingly involved in administrative disputes, appeals and regulatory issues pertaining to the power sector. Typical mandates include representing power concessionaires and companies across all electricity segments in complex disputes and project approvals. Vitor Ferreira Alves de Brito, who devotes his practice to the electricity sector and specialises in regulatory matters, heads up the department with dispute resolution specialist Marcio Vieira Souto Costa Ferreira. Lawyer and economist Elena Landau handles a steady stream of contentious matters involving electricity regulatory issues.

Practice head(s):

Vitor Ferreira Alves de Brito; Marcio Vieira Souto Costa Ferreira

Testimonials

‘Sergio Bermudes Advogados provides an excellent service, due to the high legal qualification of its team, which includes both renowned academics and jurists with extensive experience in litigation.’

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).
  • Defended Light in a Public Civil Action brought by the Legislative Assembly of the state of Rio de Janeiro (Alerj) aiming at making Light comply with a city law which prohibited the cutting of essential services – including power – during the Covid-19 pandemic.
  • Represented Energisa in filing a lawsuit against CCEE regarding the Energy Development Account (CDE).

Siqueira Castro – Advogados

Siqueira Castro – Advogados is recognised for its strength in regulatory matters involving the power sector. It has a well-established presence in contentious cases and regularly acts for a varied client roster in judicial and administrative proceedings. Practice head David Waltenberg is a leading figure in the electricity sector, and often leads on complex regulatory and administrative issues. Other names to note in the energy department include administrative law specialist Humberto Negrão and Eduardo Evangelista, who is experienced in generation, transmission and distribution and often handles sector-related litigation.

Practice head(s):

David Waltenberg

Testimonials

‘Experience in the Energy area and clarity in explanations. David Waltenberg and Eduardo Evangelista are highlighted.’

‘Siqueira Castro’s energy team has extensive experience and reputation in the sector, allowing the delivery of work with a high level of detail and depth, necessary in a highly specialised sector such as power. David Waltenberg has extensive experience in the sector. We were served with extreme courtesy, spirit of collaboration and willingness to deliver good products. We value the transparency with which they work.’

Key clients

Centrais Elétricas do Norte o Brasil – Eletronorte

Companhia de Cimento Itambé

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

Duratex

EDP Comercialização e Serviços de Energia

Gerdau

Klabin

Novelis do Brasil

Operador Nacional do Sistema – ONS

Vale

Volkswagen do Brasil Indústria de Veículos Automotores

White Martins Gases Industriais

Work highlights

  • Provided legal services to Eletronorte in relation to energy law, and defending its rights and interests in a judicial measure.
  • Provided continuous legal-regulatory assistance to Gerdau regarding electric energy law, in particular, regulations applicable to its relations with energy distribution and transmission companies.
  • Assisted Vale in an administrative proceeding that discusses the extension of the concession of hydropower plants.

Souto Correa Advogados

The group at Souto Correa Advogados is well equipped to assist clients with an array of matters involving the electricity sector, having a wealth of experience in regulatory and administrative issues. The team, which has recently witnessed an increase in M&A-related mandates, is proficient in gas-to-power projects and distributed generation issues. Livia Amorim regularly counsels domestic and foreign clients which are engaged in the sale of infrastructure assets. She leads the practice with Fabio Di Lallo, whose areas of expertise include power purchase agreements, administrative proceedings and power regulations.

Practice head(s):

Lívia Amorim; Fabio Di Lallo

Testimonials

‘Full-service firm with great knowledge, customer service, commitment. Lívia Amorim and Fabio di Lallo have excellent technical knowledge specialised in energy.’

‘We hired the team for its expertise in the energy sector. Fabio Di Lallo was the partner who led all the advice and all the conversations. We were satisfied with the work.’

‘Souto Correa has the best and most sophisticated electricity practice in the country. Knowledge of the market and technical issues, constant updating and involvement in the drafting of legislation and solid experience in the area. The partner Lívia Amorim is a well-established name in the market and leads the practice of the office as a notable competence. Lívia is an exceptional lawyer, with deep technical knowledge and national and international experience in the area.’

Key clients

Eneva

Empresa Regional de Transmissão de Energia

Perfin Asset Management

Mori Energia Holding – Mori

Ambev

Darby Servtec Energia – Fundo de Investimento em Participações- Multiestratégia

Companhia Paulista de Força e Luz – CPFL

Eletropaulo Metropolitana Eletricidade de São Paulo – Eletropaulo

Raízen

Solatio Energy Gestão de Projetos Solares

Work highlights

  • Advised Perfin on a risk analysis and prepared an administrative defence, and advised on a request for exclusion of liability and change of schedule before ANEEL.
  • Assisted Darby Servtec Energia in negotiations with GD Solar Holding, a company specialised in solar energy, to set up special purpose vehicles to explore solar energy plants in several Brazilian states.
  • Represented Raízen in a dispute involving ANEEL and CCEE.

Tauil & Chequer Advogados

Tauil & Chequer Advogados provides legal assistance to a diverse client roster comprising domestic and international power traders, service providers, large consumers, and electricity generation, distribution and transmission companies. The team excels in project development and financing, and has substantial experience in gas-to-power matters, self-production projects and distributed generation. In addition to assisting clients throughout the entire life cycle of power projects, the team’s broad service offering also includes M&A, regulatory issues, dispute resolution and other renewable energy mandates. Eduardo Lima, who has a strong background in acting for sponsors, lenders and government agencies in financing transactions, oversees the group alongside ‘brilliant energy lawyerDébora Yanasse, the main point of contact for electricity clients seeking advice on corporate transactions, regulations and contractual issues. Bruno Salzano is another key practitioner; he is often retained by Brazilian and foreign clients in energy projects and M&A. Since publication, Julia Batistella Machado joined the firm, in November 2021.

Practice head(s):

Eduardo Lima; Débora Yanasse

Testimonials

‘Full-service international firm. This factor greatly facilitates cross-border deals and also assists when legal advice is needed in other areas. Débora Yanasse, Bruno Salzano and Eduardo Lima are extremely available, practical and always helping in the solution of legal issues. They are very attentive to details.’

‘The firm is involved in most of the sector’s relevant transactions, serving players of all segments and sizes, as well as different energy sources. This gives them a holistic knowledge of the system, being able to anticipate issues that would not always be visible to firms that have a role in a particular segment of the sector. The team also has a strong performance and expertise in regulatory aspects, such as complex issues related to construction contracts and asset management, arbitration and tax disputes, and a strong performance and experience in M&A transactions in the sector.’

‘Bruno Salzano works almost exclusively in M&A transactions in the electricity sector and has a track record that allows him to discuss and resolve complex business issues very easily and quickly. With a highly pro-deal approach, he makes it possible to overcome commercial barriers using his experience in the sector and giving a practical view to the transactions that is essential for closing deals.’

‘Agility and accuracy in opinions / advice; first-rate team in the most diverse areas (M&A, energy, litigation, tax, environmental); detailed knowledge of the sector. Débora Yanasse is possibly the most brilliant energy lawyer in the market. Her knowledge acquired over the years transcends the field of Energy, and is extremely useful on other fronts, such as M&A, financing and regulatory affairs in the electricity sector.’

‘Develops specific strategies with various approaches, aiming to understand situations and propose adequate solutions.’

‘Lawyers with in-depth technical knowledge of particularities in the electricity and oil and gas sector. Debora Yanasse has analytical rigour and is up-to-date with the latest developments in the power sector. Bruno Salzano is proactive.’ 

Key clients

Caisse de Dépôt et placement du Québec – CDPQ

ENGIE

Eneva

Golar Power

Atlas Renewable Energy

Energisa

BP Brasil

GE Financial Services

Patria Investimentos

Cobra

Dow Brasil

Vinci Partners

CER Energia

Rio Energy

Usiminas

Work highlights

  • Advised Dow Brasil and its affiliates in structuring the first long-term corporate power purchase agreement fully indexed to US dollars in the free market, including the purchase of renewable energy certificates, with Atlas Renewable Energy.
  • Assisted Eneva in regulatory and contractual matters related to the natural gas supply for the integrated reservoir-to-wire project UTE Jaguatirica, with installed capacity of 117MW, in the state of Roraima.
  • Acts as counsel to Eneva and its CEO in the writ of mandamus filed by individuals before the Court of Itapiranga, Amazonas, claiming that Eneva was in breach of the rules issued by health authorities as to Covid-19 by maintaining its business activities.

TozziniFreire Advogados

The energy team at TozziniFreire Advogados acts for a varied client base of financiers, EPC contractors, project sponsors, equipment suppliers and special consumers in the context of transactions and regulatory matters involving the power sector. Typical mandates range from advising on M&A and financing deals to providing legal support in the context of greenfield projects and privatisations of power distribution companies. The firm recently launched its Women of Energy group, which seeks to foster female representation and leadership in the Brazilian energy industry. Practice head Leonardo Miranda's experience covers contractual, transactional and regulatory mandates. Pedro Seraphim left the firm in February 2021.

Practice head(s):

Leonardo Miranda

Testimonials

‘TozziniFreire is one of the major players in the local business market. The firm has excellent know-how in the Brazilian market for infrastructure, energy, mergers and acquisitions, corporate finance, project finance, and Private Equity in general. The team has a very commercial and pro-business profile.’

‘Responsibly and without losing sight of their role as lawyers, TozziniFreire’s partners and lawyers have always expressed their opinions based on technical knowledge and market experience. Leonardo masters regulatory affairs and moves with ease in various areas of law that interface with the sector – corporate, project financing, administrative law and even matters of a fiscal nature.’

‘Tozzini is a full service firm with a very wide coverage in the various fields of law. The team that assists us is business oriented and knows our way of working. We work with Leonardo Miranda who is extremely knowledgeable of the market.’

Key clients

Darby Servtec Energia FIP

China Jinjiang Environment Holding Company

Red Eléctrica Internacional

Grupo BP

Work highlights

  • Assisting Red Eléctrica Internacional in the acquisition of 100% of the shares of Argo Energia Empreendimentos e Participações by Grupo Energía Bogotá ESP and Red Eléctrica Internacional.
  • Provided assistance to Grupo BP companies (BP Biocombustíveis and Castrol) in several contractual and regulatory energy matters, including the power trading business of the group.
  • Advised Darby Servtec Energia FIP on the acquisition of one wind complex in the state of Ceará and one small hydroelectric power plant in the state of Mato Grosso.

Trench Rossi Watanabe

Trench Rossi Watanabe stands out for its significant experience in both domestic and cross-border projects involving all segments of the electricity sector. Working closely with the firm's project finance, tax and infrastructure groups, its renewables and clean technology experts assist hydro, wind and solar power clients in an array of matters, most notably transactions, power purchase agreements and energy auctions. José Roberto Martins, whose experience covers concessions, greenfield development projects and M&A, heads the projects department. Adam Milgrom is another name to note in the team; he is predominantly involved in public law-related issues and regulatory matters.

Practice head(s):

José Roberto Martins

Testimonials

‘The team has unique know-how in the energy sector. The team members are extremely professional and capable of handling different and complex matters. Also, the team is very responsive and considerate. Adam Milgrom is a professional of high technical quality. He has extensive knowledge of the solar energy industry and demonstrates strategic thinking in his interactions with clients. Excellent professional to work with.’

‘Attentive team and error-free work.’

‘In addition to the excellent academic background and high level of knowledge about the relevant industry, the team is always willing to learn about the corporate culture and dynamics so that the legal support is more and more efficient and tailor made, rather than a copy and paste format. Jose Roberto B Martins and Adam Milgron are not only key contacts and advisors, but also actual supporters for our demands as if they were in-house colleagues.’

‘Deep understanding of regulatory and legal frameworks. Jose Roberto Martins stands out for his sectorial knowledge and vision.’

Key clients

Canadian Solar

Casa dos Ventos

GE Power

SPIC Brasil

Lightsource BP

Mitsubishi Hitachi Power Systems

EDP Renewables

EDP

Imerys

Engie Solutions

Work highlights

  • Advised Chinese state electricity generator SPIC on its acquisition of two thermoelectric LNG-to-power projects.
  • Assisted Hitachi Limited in connection with the establishment of the joint venture between Hitachi Limited and ABB Limited in respect of the ABB Network Grids Division.
  • Advised Canadian Solar on the execution of a corporate power purchase agreement between it, as the seller, and Banco BTG Pactual, as the off-taker.

Ulhôa Canto, Rezende e Guerra Advogados

With specialist knowledge across all segments (distribution, transmission and generation) of the Brazilian power sector, Ulhôa Canto, Rezende e Guerra Advogados maintains its leading position in the market. The full range of transactional, regulatory and contentious services are catered for, with the team regularly acting alongside the corporate and M&A, tax, projects and dispute resolution departments. The group possesses an impressive historical track record, which features major privatisations in the power sector, transmission and generation auctions, complex EPC agreements and high-value M&A involving power assets. Renewable energy is another strong point for the practice, which often advises on matters involving wind, solar and hydropower. Team leader Isabel Lustosa has significant experience in the electricity industry; she has acted for leading generation companies, financial sponsors and utilities throughout a legal career spanning more than two decades. Alberto Büll da Silva is proficient in project finance and M&A deals in the renewable energy sector.

Practice head(s):

Isabel Lustosa

Testimonials

‘It identifies new solutions by analysing pre-established models and presenting viable and suitable alternatives. Isabel Lustosa is recommended.’

‘The firm has excellent legal evaluations focused on the electricity sector, with solid and well-founded positions. Professionals have a deep knowledge of the sector’s regulations and history, which differentiates them when carrying out analyses of specific cases.’

‘In addition to the competence in the area and in-depth knowledge of the energy regulations, they are extremely committed to the results. Isabel Lustosa is profoundly knowledgeable of the regulation of the electricity sector and contracts related to the purchase and sale of energy, business structuring, etc. Alberto Bull has solid knowledge and dedicated.’

‘Knowledge of the market and its peculiarities. Alberto Bull is great.’

Key clients

ABRADEE – Associação Brasileira de Distribuidores de Energia Elétrica

Equatorial Energia

Brookfield Renewable Energy

Neoenergia

Anglo American Brasil

Eneva

Voltera Energia

Work highlights

  • Advised ABRADEE with respect to the measures taken by the federal government in order to safeguard the power sector in Brazil, such as Provisional Measures no. 949 and 950/2020.
  • Assisted Equatorial in the due diligence and review of the legal and regulatory aspects related to the potential acquisition of 100% of shares of a distribution utility company.
  • Assisted Anglo American in connection with the due diligence and review of the legal and regulatory aspects of an acquisition of certain wind power plants, and drafting one of the largest corporate PPAs ever entered by a consumer in Brazil.

Veirano Advogados

Veirano Advogados is skilled at assisting across the gamut of matters pertaining to the power sector, and showcases particular strength in M&A transactions, project finance and development. With in-depth knowledge of regulatory issues across the transmission, generation, distribution and commercialisation of power, the team stands out for its renewables experience, with expertise in wind, hydro and solar projects and assets. Tiago Figueiró specialises in M&A, but is also active in project development and litigation involving power regulations. He leads the practice with project finance specialist Ana Carolina Barretto and Daniel Engel, the latter of whom routinely assists foreign and domestic clients in renewable generation projects.

Practice head(s):

Tiago Figueiró; Daniel Engel; Ana Carolina Barretto

Testimonials

‘The energy team at Veirano is highly specialised in the renewable energy sector. They are very responsive and responsible. Daniel Engel provides practical advice.’

Daniel Engel and Paola Oliveira Lima can provide to our business correct and practical advice so that we protect ourselves yet not kill the business. This balanced advisory service has been benefiting our business in Brazil.’

Key clients

Engie Brasil Energia

Morgan Stanley Investment Banking Division

Celeo Redes

Atlas Renewable Energy

Vestas Wind Power

Goldwind

LightsourceBP

B3 – Brasil, Bolsa, Balcão

Global Power Generation

Compass Gás e Energia

Grupo Gransolar

BP Gas Marketing

Nordex Acciona

Sunco Capital

Total Eren

Eletrobrás Termonuclear- Eletronuclear

Green Enesys Holdings

Solarig

GreenYellow do Brasil Energia e Serviços

BMPI Infra

Otovo

Work highlights

  • Assisting Morgan Stanley with the revision and due diligence of regulatory and environmental matters concerning thermoelectric and gas projects held by Hygo Energy Transition (Golar Power) in Brazil, in connection with the underwriting of the Nasdaq IPO of Hygo.
  • Provided legal advice to Celeo Redes in connection with the acquisition of three small hydroelectric plants in the state of Mato Grosso, with a total installed capacity of 55MW.
  • Assisted Vinci Partners and Global Power Generation (GPG) in connection with two issuances of debentures by Guimarania I and Guimarania II, owners of two photovoltaic power plants in the state of Minas Gerais.