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Paul N. Belval

Partner

F: (860) 881 2509
Overview Experience Insights News Education and Credentials Recognition and Community

Overview

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.

Experience

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

Insights

Education and Credentials

Education
Elisabeth Haub School of Law at Pace University, J.D., magna cum laude, 1989, Note and Comment Editor, Pace Law Review
University of Massachusetts, B.A., cum laude
Admissions
State of Connecticut
State of New York
Affiliations
Northeast Energy and Commerce Association (NECA), Board of Directors, President Emeritus and Board Member, 2014-2015
American College of Investment Counsel, Fellow
Connecticut Bar Foundation, James W. Cooper Fellow
American Bar Foundation, Fellow

Recognition and Community

Recognition

Chosen for inclusion in the Chambers USA Legal Directory (Chambers & Partners) as a leading energy: electricity (transactional) attorney Nationwide, 2013-2020

Chosen for inclusion in the Chambers Global (Chambers & Partners) for energy: electricity (transactional), 2016-2021

Chosen for inclusion in The Best Lawyers in America (Woodward/White, Inc.), Energy Law, 2010-2023

Selected to the list of Connecticut Super Lawyers (Thomson Reuters), Energy and Natural Resources, 2006-2021

Chosen for inclusion in Guide to the World's Leading Project Finance Lawyers (Euromoney Institutional Investor PLC), 2011, 2018

No aspect of these advertisements has been approved by the highest court of any state. See Awards Methodology.

Community

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