July 21, 2010
BANGKOK — 21 July 2010— Hunton & Williams (Thailand) Limited recently represented Natural Energy Development Company (NED) to complete the development and project financing to construct one of the world's largest solar farms in Thailand. The solar plant will feature the innovative use of more than 540,000 high-grade, thin-film solar panels to generate 73MW and is expected to cut carbon dioxide emission by approximately 1.3 million tons over its projected 25-year operation.
The total investment of the project is approximately Bt8 million ($250M) and it is expected to commence operation by the end of 2011. This project is regarded as a step towards a revolution of Thailand’s development in renewable energy, which requires advanced technology, professional funding support and readiness of national policy.
NED is an independent power producer in the Kingdom of Thailand, with a 33.3 percent stake owned by Diamond Generating Asia (DGA), a wholly owned subsidiary company of Mitsubishi Corporation - and Electricity Generating Public Company (EGCO).
The Hunton & Williams project and financing team was led by Ed Koehler and included Jim Bradley, Thanutr Isarankura, Aaron Grieser, Chumbhot Plangtrakul and Peter Schultz.
Hunton & Williams has a dynamic energy and infrastructure practice, with more than 150 lawyers in 18 offices around the world dedicated full-time to advising clients on a broad range of energy and infrastructure matters, including project development and acquisition financing, regulatory and environmental issues, corporate transactions and financial restructuring.
Hunton & Williams provides legal services to corporations, financial institutions, governments and individuals, as well as to a broad array of other entities. Since our establishment more than a century ago, Hunton & Williams has grown to nearly 1,000 lawyers serving clients in 100 countries from 18 offices around the world. While our practice has a strong industry focus on energy, financial services and life sciences, the depth and breadth of our experience extends to more than 100 separate practice areas, including bankruptcy and creditors rights, commercial litigation, corporate transactions and securities law, intellectual property, international and government relations, regulatory law, products liability, and privacy and information management.