Paul Belval, chair of the firm's Energy and Utilities practice, represents investors, developers, utilities and suppliers in transactions relating to power projects and energy companies.
Paul's practice involves the development, financing and restructuring of renewable energy facilities. He represents clients across a range of technologies, including offshore and land-based wind, solar, geothermal, hydroelectric and landfill gas. Paul also represents debt and equity investors in single project and portfolio transactions across the country and in restructuring projects experiencing operational or other difficulties. He drafted the contracts and operating rules for the renewable energy credit tracking system in New England and has counseled the operators of other renewable energy credit tracking systems in the development of those systems. Paul also represents clients in the negotiation of power purchase agreements for utility-scale renewable energy projects and the termination of those agreements when they cease to be economic.
Prior results do not guarantee a similar outcome.
Negotiated and drafted multiple power purchase agreements for offshore wind facilities in the Northeast
Represented lenders to geothermal projects in loans totaling $445 million that were guaranteed by the U.S. Department of Energy
Representing a New England utility in various power and REC purchase agreements throughout its service area involving wind, solar, landfill gas, hydroelectric and anaerobic digester projects
Represented debt and equity investors in restructuring eleven utility scale wind projects resulting from the bankruptcy of the project sponsor
Represented a large infrastructure fund in a $1.25 billion investment in a solar and wind generating portfolio
Chosen for inclusion in the Chambers USA Legal Directory (Chambers & Partners) of recognized practitioners for energy: electricity (transactional), Nationwide, 2013-2020
Chosen for inclusion in the Chambers Global (Chambers & Partners) list for energy: electricity (transactional), 2016-2021
Chosen for inclusion in The Best Lawyers in America (Woodward/White, Inc.), Energy Law, 2010-2024
Selected to the list of Connecticut Super Lawyers (Thomson Reuters), Energy and Natural Resources, 2006-2023
Chosen for inclusion in Guide to the World's Leading Project Finance Lawyers (Euromoney Institutional Investor PLC), 2011, 2018
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Greater Hartford Legal Aid, Board of Directors, 2013-present; Vice President, 2013-2015; Treasurer, 2015-2020
Greater Hartford Legal Aid Foundation, Board of Directors 2005-2015; Vice President 2009-2011; President, 2011-2013