Simon Stevens represents developers and lenders in a wide range of infrastructure projects throughout the United States and the world, including the Middle East and Africa where he was resident for five years in Dubai. His experience has encompassed power projects (whether combined or simple cycle; integrated water and power; solar power; wind power; geothermal power or clean coal); petroleum refineries; accommodation; and others, including those financed on a project finance or PPP basis or on balance sheet.
Simon’s experience includes both project documentation, such as power purchase agreements; engineering, procurement and construction agreements; operation and maintenance agreements; procurement agreements; service agreements; supply agreements, and financing documents, including documentation for senior secured loans; equity bridge facilities; mezzanine debt financing and equity financing.
Prior to his legal career, Simon served as a sergeant in the U.S. Army.
Recent Notable Matters
ENGIE International Power S.A. Dubai Branch — as lenders’ international counsel on the 300 MW Solar Photovoltaic (PV) Independent Power Project (IPP) in Sakaka and as lenders’ counsel on the Dumat Al Jandal 400MW Wind Project
Fotowatio Renewable Ventures and ATC — on the 50 MW Safawi Round 2 solar PV project in Jordan
Saudi Oger and ATC — one of the four shortlisted solar projects in the Jordan Round 2 direct bid round at the bid stage through to signing of the power purchase agreement
Alcazar Energy Partners — four 50 MW solar projects (AEES1, Delta, Aten and Horus projects) in Round 2 of Egypt’s renewable feed-in tariff programme; named 2017 Global MLA Deal of the Year by Project Finance International, on the acquisition of the Ma'an Solar PV Project in Jordan; on the development and financing of the 82 MW Al Rajef Wind IPP in Jordan and on the development and financing of a first round Wind IPP project in Jordan
Bidding consortium — Sweihan IPP project in Abu Dhabi
Lenders to a bidding consortium — Umm Al Hayman wastewater project in Kuwait
Bidding consortium — 800 MW Phase III of the Mohammed Bin Rashid Al Maktoum Solar Park, Dubai, U.A.E.
Lenders to a bidding consortium — 100 MW Phase II of the Mohammed Bin Rashid Al Maktoum Solar Park, Dubai, U.A.E.
Bidder — 280 MW integrated solar combined cycle independent power project at Al Abdaliya, Kuwait
Adenium Energy Capital — development and financing of three 10 MW and one 20 MW solar PV projects in the context of Round 1 of the Jordanian direct bid process (each of which is part of the “Seven Sisters” projects, awarded Middle East Renewables Deal of the Year 2014 and the Middle East Overall Deal of the Year 2014 by IJGlobal Middle East)
Sponsors — Fadhili cogeneration project in Saudi Arabia
Sponsors — project financed Fadhili bachelor camp project in Saudi Arabia
Sponsors — Mirfa IWPP in Abu Dhabi
Sponsors — Facility D IWPP in Qatar
Sponsors — bid for the Salalah II project in Oman
Sponsors — oil shale independent power project and captive oil shale mine in Jordan
Projects in the United States
AP Energy Holdings Inc and South Field Energy LLC — $1.3 billion project financing and equity arrangements for the construction of the South Field Energy project, a 1,182 megawatt combined-cycle natural gas electric generating facility located near Wellsville, Ohio
U.S. Department of Energy — $96.8 million loan guaranty for the construction of a geothermal project located in Malheur County, Oregon; a proposed loan guarantee to Georgia Power Company, Oglethorpe Power Corporation and Municipal Electric Authority of Georgia for the financing of the 2,214 MW Vogtle nuclear power project in Georgia; the potential financing of the Kemper 582 MW Integrated Gas Combined Cycle clean lignite-fueled project located in Georgia
Gestamp Eólica — acquisition of the development-stage 60 MW Flat Water wind farm in Nebraska; the development-stage 50 MW Roth Rock and 50 MW Roth Rock North wind farms in Maryland; in the acquisition of a controlling interest in the development-stage 23 MW Punta Lima wind farm in Puerto Rico; in respect of multiple project investment transactions, including the $102 million tax equity investment in the 203.5 MW wind farm in Utah; a $90 million tax equity investment in its 60 MW wind farm in Maine; and a $60 million tax equity investment in the 40 MW wind farm in Vermont
Hunt Refining Company — $800 million expansion of a petroleum refinery, and in particular with respect to the drafting and negotiation of back to back unwrapped engineering, procurement and construction and engineering, procurement and fabrication contracts
American Solar Direct — $50 million tax equity investment by Washington Gas in a partnership for the development and ownership of a portfolio of residential solar projects in California
Union Bank — financing of the 21 MW Blythe solar PV project in California
Royal Bank of Scotland, plc and Union Bank — $534 million project finance/mezzanine syndicated financing of two dual-fired peaking power projects in Connecticut being developed by GenConn energy, a joint venture between NRG Energy, Inc. and The United Illuminating Company
Royal Bank of Scotland, plc — $20 million revolving credit facility to fund repowering by a major power producer in the United States and in a $20 million revolving working capital facility to fund developmental work for a proposed nuclear power project in the United States
AES — 300 megawatt coal-fired cogeneration plant in Oklahoma in a $118 million syndicated refinancing
PPM Energy, Inc. — acquisition of 500 megawatts of wind energy turbines, and in particular with respect to the negotiation, drafting and execution of the purchase and maintenance and service contracts
Publications and Speeches
“Lender Expectations for Solar PV EPC Contracts,” Middle East Solar Industry Association Trade Mission to Jordan and Palestine, November 15, 2016.
“Raising Limited Recourse Finance in Jordan: Opportunities and Challenges,” Middle East Solar Industry Association Trade Mission to Jordan and Palestine, November 15, 2016.
“Sunrise in Pakistan as the Country Delves into Solar PV,” RenewableEnergyWorld.com, August 12, 2015.
“Project Finance Panel,” Middle East Solar Industry Association’s Renewable Energy Trade Mission, April 28, 2015.
“Egypt’s Renewable FIT Program Gains Traction,” RenewableEnergyWorld.com, April 24, 2015.
“Scaling Solar Energy in MENA through PPPs,” World Green Economy Summit & Public-Private Partnerships Platform, Dubai, U.A.E., April 23, 2015.
“How to Improve Your Cost of Capital,” Best Practices in Financing Large-Scale Solar Projects, Dubai, U.A.E., June 23, 2014.
“How to Be Successful in Jordan’s Round II & Round III Direct Proposal Solar Program,” MENASOL, Dubai, U.A.E., May 7, 2014.
“Real Risks and Perceived Risks of Lenders’ Funding of Renewable Energy in Jordan,” Jordan Solar Projects Finance Workshop, Amman, Jordan, November 11, 2013.
“Islamic Bonds Go Mainstream,” Infrastructure Journal, October 24, 2013 (Part 1) and November 1, 2013 (Part II).
“Limited and Non-Recourse Project Financing,” Financing Solar Projects in the Middle East, Dubai, U.A.E., October 21, 2013.
“Sisyphus or CFIUS – Can the President Roll the Development of Your Power Deal Down the Mountain?” Power Finance & Risk, October 22, 2012.