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DLA Piper LLP (US)

500 EIGHTH STREET, NW, WASHINGTON, DC 20004, USA
Tel:
Work +1 202 799 4000
Fax:
Fax +1 202 799 5000
Web:
www.dlapiper.com

Timothy Moran

Tel:
Work +1 202.799.4033
Email:
Web:
www.dlapiper.com/en/us/people/m/tim-moran/
DLA Piper LLP (US)

Work Department

Finance; Projects, Energy and Infrastructure; Energy and Natural Resources

Position

Partner; US Co-Chair, Projects and Infrastructure; US Chair, Renewable Energy; US Chair, Energy M&A

Career

Timothy Moran leads DLA Piper's Global Project Finance Team and serves as the US Chair of Energy Mergers & Acquisitions, as well as the US Chair of Renewable Energy. Though based in Washington, D.C. and primarily focused on North American markets, Mr. Moran spends substantial amounts of time in New York, the UK/Western Europe and offices focused on delivering services to clients throughout Latin America, Asia and the Middle East.

As the Head of the Global Project Finance Team, Mr. Moran has been charged with building and coordinating a team that is now more than 100 partners globally. The Global Project Finance Team is comprised not only of Project Finance, Energy and Energy M&A Attorneys but also attorneys in the Corporate, Capital Markets, Derivatives, Restructuring, Real Estate, Tax and Environmental groups whose practices naturally and routinely cross into the energy and infrastructure space. The primary and ongoing goal of the Team is to integrate the Firm's global resources and expertise to deliver a broader range of coordinated services to the Firm's global clients.

As the Firm's US Head of Renewable Energy, Mr. Moran leads and coordinates the Firm's considerable US assets in the renewable sector. Mr. Moran brings to this role his own experience of having represented clients in the development and/or financing of US renewable energy projects with an aggregate value in excess of $70 billion dollars. These projects stretch across 40 of 50 states and include utility scale solar, residential solar portfolios, utility scale onshore wind, utility scale offshore wind, biomass, energy storage (battery) projects, microgrid and inside-the-fence transactions. This experience is the result of work on behalf of developers, commercial lenders, private equity and tax equity providers.

As the Firm's US Head of Energy Mergers & Acquisitions, Mr. Moran has and continues to lead clients in the purchase or sale of power and mid-stream oil and gas assets with an estimated aggregate value in excess of $32 billion. These projects/assets include the purchase or sale of (i) all or substantially all of the economic interests in portfolios of wind projects, (ii) all or substantially all of the economic interests in portfolios of solar projects, (iii) numerous gas-fired generation projects (operating or in development); (iv) numerous mid-stream oil and gas assets, (v) a number of existing or proposed energy storage projects, and (vi) both energy parent companies and holding companies. Mr. Moran's clients include not only US-based parties pursuing either the purchase or sale of US-based assets, but also (a) Asia-based companies – including state owned entities – in the purchase of US and non-US assets, (b) Canadian and European-based companies in the purchase of US and non-US assets, and (c) US and non-US lenders in the acquisition financing of all-of-the-above.

Mr. Moran focuses on the development, financing, acquisition and/or sale of (i) solar projects/portfolios; (ii) wind projects/portfolios (both on- and offshore); (iii) gas-fired generation; (iv) energy storage (battery) projects; and (v) mid-stream oil and gas projects. His representations over the past 25+ years have included working on behalf of sponsors, lenders, private equity and tax equity. Mr. Moran regularly represents his clients in the structuring of complex financial transactions and/or in resolving unique challenges. In addition to his significant experience in the drafting and negotiating of all sponsor-side development documents (including EPC arrangements, Purchase and Supply arrangements, Operating and Maintenance arrangements and overall/turnkey-style development arrangements), Mr. Moran: structures and negotiates all styles of financing arrangements, including construction and term loan financings, private placements, tax-based equity investments, letter of credit facilities, revolving credit facilities and intercreditor facilities; and represents clients in all aspects of the various manners in which projects, portfolios of projects and holding and parent companies transact and consummate purchases and sales.

Education

J.D., University of Virginia School of Law; B.A., University of Virginia


United States: Finance

Project finance

Within: Leading individuals: Project finance

Timothy Moran - DLA Piper LLP (US)

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United States: Industry focus

Energy: renewable/alternative power

Within: Energy: renewable/alternative power

DLA Piper LLP (US) advises clients on energy asset transactions, in addition to the development, permitting and financing of power generation facilities spanning onshore and offshore wind, solar, biofuels and biomass, hydroelectric and geothermal projects. Jointly led by New York-based Joseph Tato, and Washington DC-based Gregory Smith and Timothy Moran, the team has 'a pragmatic approach' and is known for 'developing structures that help clients achieve a successful outcome'. Moran in particular has 'a good blend of legal expertise and commercial acumen', and New York-based Philip Corsello and Washington DC-based Vanessa Richlle Wilson also have 'serious expertise in the field'. Recent highlights have included the team acting for Exelon Corporation, as sponsor and borrower, in connection with an $850m senior secured credit facility to leverage its interest in a portfolio of 33 solar, wind and biomass utility-scale and distributed electric generation projects across 11 states in the US.

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DLA Piper LLP (US)

  • Sentencing guidelines for corporate manslaughter

    In February 2010 the Sentencing Guidelines Council (the SGC) issued definitive guidelines to courts on imposing appropriate sentences for corporate manslaughter and health and safety offences causing death. The SGC states that fines imposed on companies found guilty of corporate manslaughter should not fall below £500,000, while fines in respect of health and safety offences that are a significant cause of death should be at least £100,000. Crucially, the SGC declined to provide for a fixed link between the imposed fine and the turnover or profitability of the offending company.‚Ä©
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