Projects and project finance in Portugal

Campos Ferreira, Sá Carneiro & Associados

Representing both lenders and borrowers, Campos Ferreira, Sá Carneiro & Associados is active in the energy, road, port and health infrastructure sectors. Maria Castelos and Duarte Brito de Goes jointly head the team.


Linklaters frequently collaborates with the firm's international offices and advises on energy and transport projects primarily in Mozambique. Domestically it is also active in the energy and transport, as well as in the health infrastructure sectors, on both fronts advising lenders and sponsors and concessionaires. The highly regarded Francisco Ferraz de Carvalho heads the team.

Morais Leitão, Galvão Teles, Soares da Silva & Associados

Luís Branco and Filipe Lowndes Marques jointly head the projects team at Morais Leitão, Galvão Teles, Soares da Silva & Associados, which predominantly acts on the lenders side in energy and transport projects, including internationally. Managing associate Filipa Morais Alçada is another name to note.


PLMJ' practice, headed by Inês Pinto da Costa, acts for contractors in a variety of projects in Angola, and assists clients with a broad range of matters domestically. In a highlight it advised EDP on the procurement aspects of the Salamonde II dam construction, which will be carried out while the existing dam remains operational. Diogo Duarte Campos and Diogo Perestrelo are the other names to note.

Uría Menéndez – Proença Carvalho

The ‘strongly committed and business-oriented’ team at Uría Menéndez – Proença Carvalho includes Bernardo Diniz de Ayala, Pedro Ferreira Malaquias and Antonio Villacampa and possesses public law, finance, projects and project finance and transactional experience. A highlight was assisting Neoen Development with solar projects contracts, including a long-term power-purchase agreement between the power generator, consumers and the selling agent. Senior associate João Louro e Costa is another name to note. Mafalda Ferreira is now with DLA Piper ABBC.


VDA conjoins its strengths in finance, energy and infrastructure to advise lenders and contractors on projects, PPPs, project financing and refinancing, debt restructuring and transactions in Portugal and in lusophone Africa. A domestic highlight was assisting Banco BPI with the financing of a 25MW photovoltaic power plant with no guaranteed remuneration including a third-party power purchase agreement for a period of ten years. Energy specialists Teresa Empis Falcão, Vanda Cascão, and newly promoted partner Ana Luís de Sousa handled the matter. Manuel Protásio heads the practice. Paulo de Barros Baptista specialises in infrastructure and highway projects.


Maria João Ricou and senior associate Margarida Leal Oliveira are the names to note for projects matters at Cuatrecasas. Recent work mostly involved assisting concessionaires and lenders with the restructuring of road concession financing. Clients include Bank of America Merrill Lynch, JP Morgan Securities and Deutsche Bank.

Raposo Bernardo

Clients value Raposo Bernardo’s ‘proximity and commitment to each project’. It advises lenders and borrowers, and in a highlight acted for BNP Paribas in the financing of a maritime terminal. Nelson Raposo Bernardo is ‘a natural in this area’ and Joana Andrade Correia is ‘strategically brilliant’.

Sérvulo & Associados

With notable public law expertise, Sérvulo & Associados acts primarily on the side of public or administrative entities, advising on concessions of a varying nature, sometimes with an underlying legislative aspect. It is advising the Ministry of Defence on Portugal’s application to the EU’s Space Surveillance and Tracking (SST) programme and on developing a public tender for the acquisition of SST products (radars and telescopes) to be installed. Mark Kirkby leads the team.

SRS Advogados

Especially strong in port infrastructure, the ‘hardworking’ team at SRS Advogados is advising the Lisbon Port Authority on the tenders for the new deepsea container terminal in Barreiro, and on the renegotiation of the Alcântara container terminal concession contract. It also advised BCI as lead arranger on the financing of the Port of Maputo dredging. Working domestically and internationally, it further handled transport, technology, waste management, energy, and mining projects and related disputes and transactions, also covering environmental matters. José Luís Moreira da Silva is singled out; Alexandre Roque and Alexandra Valente are the other names to note.

Abreu Advogados

Abreu Advogados advised lenders and concessionaires on energy and transport projects in Portugal and in lusophone Africa. Domestically, it provides regular assistance to Iberdrola Generación in several of its projects, including dams, combined cycle power plants and wind farms. Internationally, it acts for Ncondenzi Energy regarding the development of Mozambique’s first coal-fired power plant in the Tete province. José Eduardo Martins and Manuel de Andrade Neves are the partners in charge.


Combining its public law, corporate and finance knowledge, DLA Piper ABBC is active in energy, real estate, and highway projects, also handling related disputes and environmental issues. It advised the European Energy Efficiency Fund on a pipeline of deals for energy efficiency projects in Portugal, and EDP Produção on procurement and environmental issues pertaining to a hydroelectric dam. Nuno Azevedo Neves heads the practice. Bruno Azevedo Rodrigues left to join Telles de Abreu | Advogados in October 2017. Mafalda Ferreira was a new arrival from Uría Menéndez – Proença Carvalho in 2019.

FCB Sociedade de Advogados

Public law expert Miguel Lorena Brito leads the practice at FCB Sociedade de Advogados, which handles energy, manufacturing, highway, and planning projects. In another sector, it assisted CGI in several tenders for the supply of IT services.

Gómez-Acebo & Pombo

The ‘pragmatic’ team at Gómez-Acebo & Pombo specialises in large infrastructure projects, including dams and highways, in Portugal, Africa and Latin America. It advised Ferrovial / MSF Barragens and a consortium of Mota-Engil, Acciona Infraestruturas and Edivisa on the construction of a large hydroelectric project involving three dams in the north of Portugal; Ricardo Campos and Paulo Nogueira da Rocha led on the matter. Mafalda Barreto is also singled out.