Firms To Watch: Projects and project finance

Bringing together expertise in public law, energy and infrastructure matters, the projects team at CTSU – Sociedade de Advogados, S.P., R.L., S.A., which is overseen by recent joiner Rita Ferreira dos Santos, is adept in project finance, PPPs, M&A, public procurement and regulatory matters.

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Projects and project finance in Portugal


Linklaters is a popular destination for banking and financial services clients engaged in project financing transactions across a variety of sectors, including energy and infrastructure. The practice continues to work on market-leading projects on behalf of major international and domestic clients, thanks to its global reach and in-depth expertise in a range of segments, including motorways, ports, railways, biomass, LNG and power energy. Also noteworthy is the team’s strength in project asset acquisitions and disposals, development mandates and long-term contracting. Francisco Ferraz De Carvalho, who excels in energy projects, where he has advised lenders, sponsors and governmental entities, spearheads the practice. Teresa Novo Faria is a name to note for project finance, while Laura Nunes Vicente stands out for her experience in projects in Portuguese-speaking countries in Africa. The arrival of Maria de Athayde Tavares from CS’Associados in January 2021 reinforced the energy and infrastructure practice; she possesses significant knowledge of public law and regulatory matters.

Practice head(s):

Francisco Ferraz de Carvalho

Other key lawyers:

Maria de Athayde Tavares; Teresa Novo Faria; Laura Nunes Vicente

Key clients

European Investment Bank

Marguerite Adviser S.A.

Mizuho Bank, Ltd.

Morgan Stanley Infrastructure Inc.

Hanwha Global Asset Corp

Banco Comercial Português, S.A.

Petrogal, S.A.

CRRC Tangshan Co., Ltd.

Mozambique Rovuma Venture SpA

Barraqueiro SGPS SA

Italian-Thai Development PCL

Morais Leitão, Galvão Teles, Soares da Silva & Associados

Morais Leitão, Galvão Teles, Soares da Silva & Associados is well positioned to assist stakeholders – both financing entities and promoters – engaged in project finance matters, encompassing the energy, road, railway, water and sanitation, waste management and real estate sectors. Recently, the team has been particularly active in the areas of acquisition finance and project finance within the renewable energy segment, including in wind and solar power projects, propelled by foreign investment. Its cross-border expertise is also noteworthy, especially when it comes to inbound and outbound investments and large-scale project finance deals in Lusophone countries in Africa. Department leader Filipe Lowndes Marques focuses on the financing of major projects, which is also an area of focus for Luís Branco. Of counsel Cláudia Castanheira Dos Santos advises on project finance in the energy sector and road concessions, and is a key contact for cross-border mandates. Combining expertise in project financing, development, PPPs and other infrastructure concessions, Filipa Morais Alçada is another key member in the practice.

Practice head(s):

Filipe Lowndes Marques

Other key lawyers:

Luís Branco; Cláudia Castanheira Dos Santos; Filipa Morais Alçada


The projects practice at PLMJ is best known for its broad capabilities in the project finance, development and M&A fields. The team acts for a variety of Portuguese and international players in the private and public sectors seeking advice on major projects involving motorways, railways, energy and infrastructure, in Portugal and abroad, namely Angola and Mozambique. Co-chair Inês Pinto da Costa specialises in project finance, PPPs and the development of infrastructure projects in Portuguese-speaking African countries. Fellow co-head Maria Zagallo – the former head of the Portuguese PPP Unit (UTAP) – joined the team in March 2021; she reinforces the team’s experience in public procurement, concessions and administrative law. João Marques Mendes focuses on energy projects; Diogo Perestrelo has in-depth knowledge of M&A in the infrastructure sector; and Diogo Duarte Campos is noted for his track record in construction and concession projects in Portuguese-speaking countries.

Practice head(s):

Inês Pinto da Costa; Maria Zagallo

Other key lawyers:

Diogo Duarte Campos; Diogo Perestrelo; João Marques Mendes; Joana Brandão


‘Hands-on team, with a clear understanding of the Energy market.’

‘João Marques Mendes and Inês Pinto da Costa are excellent professionals.’

‘I’d highlight the ability to respond quickly to challenges, professionally and intensively.’

‘João Marques Mendes has excellent knowledge of the market and regulatory context and an excellent strategic capacity. Inês Pinto da Costa has a great ability to analyse, explain and produce concrete recommendations.’

Key clients

Altri Group


Ascendi Group

Banco de Sabadell

BCI – Banco Comercial e de Investimentos

Cabo Verde State


TAP – Transportes Aéreos Portugueses

Total Solar

Welink Energy



Eco Wave Power

Work highlights

  • Advising Davidson Kempner Capital Management and Pioneer Point Partners on the Sines 4.0 Project, one of the largest foreign investments ever made in Portugal.
  • Assisting Cimpor and Secil in an arbitration lawsuit that was filed against them by a contractor.
  • Advising ECO Wave Power on the implementation of an innovative wave energy project in Portugal.

Uría Menéndez – Proença Carvalho

Combining expertise in traditional project finance and public law matters, Uría Menéndez – Proença Carvalho provides multidisciplinary advice throughout the entire life cycle of projects to a host of concessionaires, operators, financiers and international funds. The broad service offering covers the financing and development of greenfield projects, PPPs, refinancing deals, M&A transactions involving assets with a significant regulatory component, and dispute resolution. Finance and banking law specialist Pedro Ferreira MalaquiasAntonio Villacampa, who focuses on project finance; and Bernardo Diniz de Ayala, who undertakes sponsor and lender-side work, jointly manage the team. João Louro Costa is a name to note for cross-border matters, while Gonçalo Andrade Sousa is particularly active in public law, PPPs and project development.

Practice head(s):

Bernardo Diniz de Ayala; Antonio Villacampa; Pedro Ferreira Malaquias

Other key lawyers:

João Louro Costa; Gonçalo Andrade e Sousa


‘It is a law firm with excellent technical knowledge and great availability.’

‘Bernardo Diniz de Ayala is one of the best lawyers in the country.’

Key clients

Acciona Concesiones S.L.

Banco Santander Totta, S.A.

Iberdrola Renewables Portugal, S.A.

Marubeni Corporation

Altice NV

MEO – Serviços de Comunicações e Multimédia, S.A.

Vauban Infrastructure Partners

BlackRock Investment Management (UK) Ltd.

Axpo Iberia S.L.

Macquarie Capital

Goldenergy – Comercializadora de Energia, S.A.

Work highlights

  • Advising Iberdrola Renewables Portugal on the 2019 and 2020 solar auctions and the licensing of eight solar photovoltaic power plants with a total capacity of over 200MW.
  • Advising Banco Santander as a financing party of the distressed Algarve Litoral motorway sub-concessionaire.
  • Advised Vauban Infrastructure Partners on the acquisition of 100% of the share capital of SPER and Planestrada, the sub-concessionaire and O&M company of the Baixo Alentejo Motorway, respectively.


Combining regulatory expertise with commercial strategic advice, VdA offers legal support to domestic and international clients in relation to large-scale project finance and development in the energy, natural resources and infrastructure sectors. Through the VdA Legal Partners network, the team is particularly well placed to handle cross-border matters, with a special emphasis on Portuguese- and French-speaking countries in Africa. Besides registering increased demand in refinancing and M&A in the energy sector, the team has also recently been active in renegotiations of PPP-like deals in the infrastructure and transport sectors. Manuel Protásio, who specialises in project finance in the energy, mining and infrastructure sectors, coordinates the team, which also features energy and natural resources department head Ana Luís de Sousa, and João Afonso Fialho, who chairs the oil and gas group. Paulo de Barros Baptista leads on project development matters pertaining to the infrastructure and road sectors, while Teresa Empis Falcão excels in the financing and development of energy projects. Another key contact for energy projects is Vanda Cascão, who is also active in cross-border investments and financings.

Practice head(s):

Manuel Protásio

Other key lawyers:

Ana Luís de Sousa; João Afonso Fialho; Paulo de Barros Baptista; Teresa Empis Falcão; Vanda Cascão; José Miguel Oliveira; Ângela Viana; Maria Cunha Matos


‘Teresa Falcão, Ana Luís de Sousa and Manuel Protásio stand out.’

‘We like to work with VdA because of their knowledge of the Mozambique legal and business landscape where we have several projects. The entire team is also very responsive.’

‘Maria Cunha Matos is attentive and rigorous.’

Key clients

Total E&P Mozambique Area 1, Limitada

Brisa – Auto-Estradas de Portugal, S.A. (Brisa)

AEBT – Auto-Estradas do Baixo Tejo, S.A.

Finerge, S.A.

Timor-Leste National Petroleum and Minerals Authority

KT – Kinetics Technology, SPA

European Investment Bank

Mota- Engil, Engenharia e Construção África, S.A.

Government of Cabo Verde (Ministry of Finance – Unidade de Gestão de Projetos Especiais)

Work highlights

  • Advising Total on Mozambican law matters in connection with the structuring and negotiation of the project finance for the Mozambique LNG Project for Offshore Area 1 of the Rovuma Basin.
  • Assisting the Government of East Timor/ANPM in the negotiation with the Government of Australia and Greater Sunrise Joint Venture of the legal and contractual framework for the development of greater Sunrise fields (the largest LNG project in Southeast Asia).
  • Advised European Investment Bank and Banco BPI on the financing for the development, installation, construction, operation and maintenance by Eólica do Sincelo of three wind farms in Portugal.

Abreu Advogados

With a multidisciplinary approach, Abreu Advogados demonstrates strength across public law, project finance and M&A transactions involving the transport, energy, natural resources, real estate and social infrastructure sectors. In addition, the team stands out for its specialised services in the fields of sustainable development, renewable energy and climate change. Co-head Manuel de Andrade Neves – who also oversees the public law and environment practices – is skilled at handling projects in the water and energy segments, both nationally and internationally. Fellow co-leader Ana Sofia Batista focuses on project finance, while Mafalda Teixeira de Abreu is proficient in PPPs in the transport and healthcare sectors, concession contracts and project finance. José Eduardo Martins is recommended for cross-border matters and public law issues.

Practice head(s):

Ana Sofia Batista; Manuel Andrade Neves; Mafalda Teixeira de Abreu

Other key lawyers:

Zara Jamal; José Eduardo Martins; Tiago Corrêa do Amaral


‘It is a law firm with a high quality of service and eyes set on the future.’

‘Manuel Andrade Neves has a high technical knowledge and enormous availability for the client.’

‘Dynamic team, with initiative and 100% available to the client. In-depth knowledge of the topics to be dealt with. Ability to adapt to meetings via video conference.’

‘Manuel Andrade Neves is an excellent professional in terms of legal knowledge, monitoring and advice to the client. He is always available and adapts to the short deadlines imposed by the client.’

Key clients














Work highlights

  • Advised the senior creditors – export credit agencies and Africa Development Bank/AfDB on the financing and development of the Area 1 LNG project in Mozambique.
  • Provided assistance to Iberdrola Generación in all its major projects in Portugal in recent years, such as the four dams project in Tâmega.
  • Assisted a consortium between Nex Continental Holdings, Transvia e and Empresa de Transporte Luisa Todi in the public tender launched by AML and another launched by the AMP.


Cuatrecasas fields a sizeable and specialised projects team, which advises financing entities and sponsors on the entire spectrum of matters, ranging from all phases from the design of a project through to tender proposals, contracting and implementation. 2021 saw the team handle debt restructurings and concessions in the roads segment, investment in railways, refinancing of renewable energy projects, water and mining concessions in Portugal and abroad. Maria João Ricou, Manuel Requicha Ferreira and Margarida Leal Oliveira – who have a wealth of experience in banking and finance matters – coordinate the projects team alongside public law partner Lourenço Vilhena De Freitas.

Practice head(s):

Maria João Ricou; Manuel Requicha Ferreira; Lourenço Vilhena De Freitas; Margarida Leal Oliveira

Other key lawyers:

Telma Carvalho; João Sequeira Sena


‘It is a law firm with excellent knowledge of the client and their needs. Margarida Leal de Oliveira stands out.’

‘We emphasise the quality of services provided, the involvement and availability of lawyers in client matters. The implemented innovation, virtual meetings and electronic invoicing, demonstrated the team’s ability to work, maintaining the provision of a good service.’

‘Telma Carvalho’s availability and involvement in the process deserved our appreciation.’

Key clients

DP World















Work highlights

  • Provided Portuguese legal advice to DP World in relation to the negotiation of the concession agreement to operate the multipurpose terminal at the port of Luanda.
  • Provided legal advice to Cross Ocean regarding the bank debt of two toll road concessionaires.
  • Advised Portugal Renewable Energy and its subsidiaries on structuring and negotiating the terms of the refinancing of the debt of the Iberwind group.

SRS Advogados

SRS Advogados attracts instructions from domestic and international clients in relation to projects in Portugal and across the African continent. Projects in the port sector – including concessions and PPPs – are a particular focus for the department, which is also seasoned in advising on M&A, project finance and development, and dispute resolution in the energy and transport segments. The practice is also a popular destination for Portuguese private equity firms in refinancing transactions. The team is jointly led by José Luís Moreira da Silva, who has a solid reputation in the market for his track record in infrastructure projects, concessions and procurement, and banking and finance expert Alexandra Valente. Public law in the context of infrastructure projects is a key area of activity for Alexandre Roque.

Practice head(s):

José Luís Moreira da Silva; Alexandra Valente

Other key lawyers:

Alexandre Roque; Raquel Sampaio


‘SRS has played a decisive role in advising and drafting the contractual terms. The contact has always been ensured by the senior partner José Luis Moreira da Silva.’

‘I highlight the professionalism and competence of the senior partner José Luis Moreira da Silva.’

Key clients

Port Authority of Lisbon

Regional Government of Madeira

Municipality of Oporto

Government of Portugal


TM.E. S.p.A. – Termomeccanica Ecologia

Austal Ships

Port Authority of Setúbal and Sesimbra

Thales Portugal, S.A.


European Commission

FPT Energia Group

Linderito Solar

Rubis Energia Portugal, S.A.

BCI Mozambique


Gesto Energia, S.A.

MTX Solar, Lda

Work highlights

  • Advising Government of Portugal / PARPUBLICA on the re-privatisation procedure of EFACEC.
  • Advising the Port Authority on the renegotiation of the Liscont Container Terminal, the largest in Lisbon, and one of the largest in Portugal.
  • Advising the Regional Government of Madeira on the launch of the international public tender for the new central hospital.

Sérvulo & Associados

Public law powerhouse Sérvulo & Associados advises clients in the private and public sphere operating in a range of sectors, including water and waste, energy, transport, healthcare and defence. Public procurement procedures are naturally an area of strength, but the team is also proficient in development mandates and international projects through the recent establishment of its African desk and Sérvulo Latitude⦵, the multilateral network of partnerships that the firm coordinates in Portuguese-speaking countries. Mark Kirkby, whose areas of expertise include public procurement, administrative litigation and PPPs, leads the team with Ana Luísa Guimarães, who focuses on concessions, projects and regulated sectors, notably water, waste management, energy and transport. Francisca Mendes da Costa, whose advice ‘certainly facilitates investment in this area and enhances the firm’s success', is another key contact.

Practice head(s):

Mark Kirkby; Ana Luísa Guimarães

Other key lawyers:

Francisca Mendes da Costa


‘What makes Sérvulo e Associados unique is its mastery of matters in the area of public law, based on a strong academic component, rigour and absolute mastery of the subjects. The work provided is of excellent quality.’

‘Ana Luísa Guimarães has an attentive, rigorous and flexible approach, always seeking to understand the client’s perspective, but not losing sight of the demands of the legislative framework. She is a lawyer who is always looking for solutions, has extraordinary mental agility and a very broad perspective, which is not restricted to the area of law, as she has an MBA.’

‘The technical team we work with, namely in the area of transport and mobility (in particular Ana Luísa Guimarães) are very helpful, encourage the exchange of ideas and knowledge, are available to discuss matters related to the area and provide a close service.’

‘The following stand out: The quality and technical capacity of the team that has advised us; availability demonstrated; clarity of legal opinions. We also emphasise the clarity and transparency of the billing model used.’

‘Sérvulo & Associados has grown and developed a lot in the Projects area, with results that are very visible and praised in the market, and with the very committed involvement of a group of lawyers. I would particularly like to highlight Francisca Mendes da Costa, whose enthusiasm, pragmatic spirit and orientation towards solutions and results, as well as her availability and relationship with the Client, certainly facilitates investment in this area and enhances the firm’s success. In terms of innovations, I would highlight the effective and pragmatic form of legal advice in the context of the presentation of proposals in international tenders, namely for the signing of concession contracts linked to large projects.’

‘In the area of public procurement, I highlight the competence and availability of Ana Luísa Guimarães and her team.’

‘It also has a wide network of contacts, which allows it to associate external entities, from various jurisdictions, which make it possible to make the structure more complex according to the client’s final objective.’

‘Excellent knowledge of public law and the legal framework applicable to the Mobility and Transport Ecosystem.’

Key clients

Ministry of Finance of Cape Verde

Unity of Special Projects Management (UGPE)

Sociedade de Desenvolvimento do Porto Santo (SDPS)

LX Capital

Portuguese Ministry of the Environment and Energy Transition

Autonomous Region of Madeira / Regional Government of Madeira

Lusíadas Saúde Group

Metropolitan Area of Lisbon (AML)

Metropolitan Transports of Lisbon (TML)

Metropolitan Area of Oporto (AMP)

CIM Alto Alentejo

Municipality of Portimão

Municipality of Marinha Grande

Municipalities of Tondela, Tábua, Carregal do Sal and Santa Comba Dão

Antin Infrastructure Partners

Metropolitano de Lisboa, E.P.E.

World Bank

Work highlights

  • Advised LX Capital on a call for tenders opened by the Municipality of Lisbon for a PPP regarding properties located in the Benfica area, in the context of the Municipality’s Affordable Rent Programme.
  • Provided Portuguese law advice to Antin Infrastructure Partners in the context of the acquisition of a majority stake in Miya group, which operates six municipal concessions in Portugal.
  • Providing legal assistance to Lusíadas SGPS in the preparation and submission of the proposal for the new public tender procedure for the PPP for the management and provision of healthcare at Cascais Hospital.

Albuquerque & Almeida

Under the leadership of Alexandre De Albuquerque, Albuquerque & Almeida assists an array of domestic and international clients in project finance, PPP structures and investments. The team – which sits within the wider public law group – has strong credentials in the negotiation of concessions for the operation of ports, but is also experienced in project-related work pertaining to the transport, logistics and energy sectors.

Practice head(s):

Alexandre de Albuquerque

Other key lawyers:

Diana Silveira


‘They have experience and knowledge of project preparation, whether greenfield or in international public tenders. And they have enormous knowledge in the areas of shipping, ports, concessions and shipyards. This team always has a highly proactive attitude and great attention to detail.’

‘Alexandre de Albuquerque is an excellent team leader and great negotiator. Professional qualities far above average. Diana Silveira, a highly focused lawyer, with great experience and sympathy. Great competence and professional security.’

Key clients

ETE Group

Grupo Bondalti

Setefrete Group

Ingesport Health and Spa Consulting, S.A.

Factory GmbH

Work highlights

  • Advised CV Interilhas, the concessionaire of the maritime transportation of passengers and cargo in Cabo Verde, on project finance.
  • Assisting multiple concessionaires of port concessions in Portugal, such as TCGL – Terminal de Carga Geral e de Granéis de Leixões, in the renegotiation of the concession contracts with the Government of Portugal and the Port Authorities.


DLA Piper ABBC handles a variety of project-related matters on behalf of its diverse client roster, which includes players from the financial, infrastructure, transport, industrial, distribution and pharmaceutical sectors. The team’s international experience is also noteworthy, especially in Portuguese-speaking African countries. Corporate finance and M&A partner Nuno Azevedo Neves oversees the finance and projects team. Gonçalo Castro Ribeiro is also well regarded for his project finance expertise, with a special emphasis on renewable energy. Mafalda Ferreira left the firm in December 2021.

Practice head(s):

Nuno Azevedo Neves

Other key lawyers:

Gonçalo Castro Ribeiro

Key clients

EDP Renováveis



Sonangol E.P.

Marubeni Corporation

African Development Bank

Energi Innovation, Aps

Canadian Solar Spain

DIGI Spain

Royal Caribbean Cruises

European Energy Efficiency Fund


Norddeutsche Landesbank Girozentrale

China Railway Tunnel Group Co. Ltd.

Lena Engenharia e Construções, S.A.

Fosun International

Banco Santander

Gómez-Acebo & Pombo

With significant experience in major infrastructure projects in Portugal and abroad, Gómez-Acebo & Pombo is adept in project finance, development, refinancing transactions and M&A. Portuguese and international clients seek its assistance with project-related matters across a range of sectors, including roads, healthcare and energy. Public law and regulatory specialist Ricardo Campos focuses on administrative litigation, infrastructure projects and construction matters. He leads the practice alongside banking and M&A partner Mafalda Barreto. Paulo Nogueira da Rocha is also active in administrative litigation.

Practice head(s):

Ricardo Campos; Mafalda Barreto

Other key lawyers:

Paulo Nogueira da Rocha; Eduardo Queimado; Luísa Carrilho da Graça


‘The team is characterised by the following qualities: attention to detail; client-focus; speed; high quality of advice; availability; flexibility and competitive prices.’

‘Ricardo Campos is the lawyer that everyone wishes to have on their side. He’s fast and technically flawless.’

‘The GA_P team has a high-quality technical competence. Additionally, the degree of “seniority” within the firm is very high. Finally, the client service is excellent, as is their availability. GA_P is the trusted advisor of our company in Portugal.’

‘Luisa Carrilho da Graça is an exceptional professional in every way. Likewise, the service and attention provided by Mafalda Barreto is also noteworthy.’

‘Professionalism, availability and experience in contract management of projects with FIDIC contracts.’

‘Ricardo Campos is competent, experienced, available and friendly.’

Key clients


Acciona Infraestruturas


Acciona Construcción


MSF Barragens ACE

Construções Gabriel A.S. Couto

Chiyoda, McDermott and Saipem (CCS)

Foresight Group

Dos Grados Capital

Work highlights

  • Advised a consortium in a major hydroelectric project in connection with the construction of three dams, Daivões, Gouvães and Alto Tâmega (North of Portugal).
  • Advised Acciona Construcción regarding the conception, design, construction and maintenance of Hospital de Lisboa Oriental and in the public tender for the construction of Hospital Central do Alentejo.
  • Advised Dos Grados Capital in connection with the ongoing development of a 110 MW solar PV project in Fundão, Portugal.

Miranda & Associados

Miranda & Associados maintains a strong focus on projects, and the firm is best known for its experience in the financing and development of large-scale projects in Africa. Its increasing presence in Portugal is noticeable by its involvement in the implementation of domestic projects, from tender processes through to contractual structuring, financing, construction and operation. Nuno Cabeçadas acts for lenders and borrowers in financing matters; he is seasoned in international infrastructure projects.

Practice head(s):

Nuno Cabeçadas

Other key lawyers:

Renato Guerra de Almeida

Key clients


Permanent Joint Technical Commission composed by representatives of the Republic of Angola and the Republic of Namibia


Lisbon Cruise Port


Ministry of the Economy / Direção Geral das Actividades Económicas – DGAE

Toyota Tsusho Corporation

Van Oord Dredging and Marine Contractors



International Finance Corporation

Enventure Partners

Raposo Bernardo

Raposo Bernardo maintains strong relationships with engineers, contractors, investment banks and promoters, who seek assistance with project finance and development. The projects and project finance practice is under the leadership of two practitioners: managing partner Nelson Raposo Bernardo and Joana Andrade Correia, both of whom have advised on high-value project finance and M&A transactions in Portugal.

Practice head(s):

Nelson Raposo Bernardo; Joana Andrade Correia


‘Raposo Bernardo & Associados is a law firm with extensive experience in Portugal but also internationally in the area of Projects and Project finance. The strength of this team is in its focus and orientation towards results. They are a very professional team, the lawyers all work very closely and this makes it very easy to work with them, even in complex and professionally demanding matters.’

‘Nelson Raposo Bernardo is the standout lawyer in the team. He has the ability to streamline a project in a unique way and he knows everything there is to know better than we do.’

‘Raposo Bernardo & Associados know the legal documents and all phases of a Project very well, have great knowledge of the sector and provide practical advice. The team of lawyers who accompany us are very dedicated, give 100% in all matters and in the end deliver the job flawlessly. We have direct and constant access to partners.’

‘We are fortunate to work with Nelson Raposo Bernardo. He works on large projects and project finance, making the bridge between the technical areas of projects, infrastructure and energy and the legal areas of finance and corporate law. This scope is only possible due to his impressive legal background in several areas. I must also highlight Joana Andrade Correia, who is very clear and objective in her analyses.’

‘I highlight the attention to detail, which is the secret to everything going well in the development of a project. They are always available and ready to help and with highly motivated lawyers. They have a very strong team, well coordinated by Nelson Bernardo, with deep professional experience and a commercial mindset. The legal advice we have received from Raposo Bernardo is of the highest quality, very precise and rigorous.’ 

‘The department is unique, very dynamic and flexible, it adapts perfectly to our needs and the needs of each project, the team of lawyers who work with us understand the technical language and are great facilitators in deals.’ 

‘Nelson Raposo Bernardo has all the characteristics of a lawyer with international experience, with great sophistication and efficiency. He manages to generate consensus and get everyone to agree and sign contracts, by virtue of his legal authority.’

‘Joana Andrade Correia works in a very accurate, practical and effective way, and manages to guarantee successful results.’

Work highlights

  • Assisting a client in the financing for the renovation of a railway infrastructure project.
  • Advised a client on the financing of an airport terminal.
  • Assisted a company in the context of the construction of a power generation project.


A range of clients from the banking, infrastructure, tourism, real estate, transport, pharmaceutical and distribution sectors turn to the projects team at TELLES for advice on project finance, licensing issues, project agreements and M&A transactions involving assets in regulated industries. Department head Bruno Azevedo Rodrigues is highly regarded for his experience in the energy sector, and primarily assists with project finance and secured lending in relation to infrastructure projects.

Practice head(s):

Bruno Azevedo Rodrigues

Other key lawyers:

Delber Pinto Gomes; João Lupi


‘The responsiveness and quality of legal services in the energy sector are exemplary. The in-depth knowledge of the energy sector – and its agents – translates into an enormous asset in the legal opinion that is given to the client.’

‘Flexibility and availability. Bruno Azevedo is recommended.’

Key clients













































Work highlights

  • Advising the consortium comprised of Island Renewable Ltd and CJR Group in relation to five projects of new solar PV power plants to be located near the Municipality of Sine.
  • Advising the consortium comprised of MAN, WINPOWER and OBERON INFRASTRUCTURES ADVISORS in the licensing and negotiation with the Portuguese government and local authorities of a hydrogen electrolyser and 350MW solar PV plants.
  • Acting for MIROVA in relation to the acquisition of six hydroelectric plants from EDP.