Robert F. Shapiro
Bob Shapiro’s practice focuses on the areas of project finance and energy. Mr. Shapiro represents industrial firms and developers that build, finance, own, operate, sell and use the energy output from renewable resource projects, conventional independent power facilities and transmission and distribution facilities in the United States and abroad, as well as lenders and investors to those facilities. He also has extensive experience in the defense of long-term power contracts before regulatory agencies, as well as courts.
He has represented firms in the purchase, sale and financial restructuring of electric generating assets in the United States. Mr. Shapiro also negotiates (and evaluates for lenders and investors) power purchase agreements, tolling agreements, power marketing agreements, transmission and interconnection agreements, various financial instruments related to power supply arrangements, operating and maintenance agreements and fuel supply agreements and regularly advises on the evolving power markets throughout the United States. He has also worked on numerous international power project developments, financings and privatizations, mostly in Latin America. Mr. Shapiro has substantial experience in the development and financing of large hydroelectric projects.
JD, George Washington University Law School
BA, Trinity College, Connecticut
- Representing Macquarie in the acquisition, financing and continued development of the 940 MW Lordstown gas-fired power project in Ohio.
- Representing lenders in the financing of the 30 MW Deepwater Wind offshore wind project, the first project financed offshore wind project in the United States.
- Representing lenders in the financing of Cotton Plains combined solar power project, wind power project and conventional power sale to Ft. Hood army base in Texas and separate merchant wind project in ERCOT.
- Representing lenders in the portfolio acquisition financing of numerous solar power projects in North Carolina by Duke Energy Renewables.
- Representing First Reserve in the acquisition of controlling interest of 1,400 MW Lackawanna gas-fired power project under development in Pennsylvania.
- Representing project lenders in the construction financing of the 700 MW Carrol County Energy gas-fired power project in Ohio.
- Representing project lenders in the construction financing of the 100 MW Mustang solar project in California with power contracts with Marin Clean Energy and Sonoma Clean Power.
- Representing project lenders in the construction financing of the 150 MW Grant Wind project in Oklahoma, with power contracts with electric cooperatives in Oklahoma and Texas.
- Representing 8minutenergy Renewables in the negotiation of a 100 MW PV solar PPA, a 150 MW solar PPA and a 100 MW solar PPA for Springbok 1, 2 and 3 with Southern California Public Power Authority (SCPPA).
- Representing project finance lenders in the construction financing of the 674 MW gas-fired Salem Harbor power plant in Massachusetts.
- Representing GE in the project construction financings of a 700 MW gas-fired power plant in New Jersey and a 725 MW gas-fired power plant in Maryland sponsored by competitive Power Ventures (CPV).
- Representing Wasatch Wind in the negotiations of a 60 MW wind project PPA with PacifiCorp in Utah and an 80 MW wind project PPA with PacifiCorp in Wyoming.
- Representing IFC and OPIC in the construction project financing of a 530 MW hydroelectric power plant sponsored by AES Alto Maipo in Chile.
- Representing IFC in the construction project financing of several 20 MW PV solar projects sponsored by SunEdison in Honduras.
- Representing OPIC in the construction project financing of a 34 MW wind project in Jamaica sponsored by BMR.
- Representing K Road affiliate Moapa in the negotiation of a 250 MW PV Solar PPA with Los Angeles Department of Water and Power for a project on tribal land in Nevada.
- Representing Bloom Energy in the development and sale of energy from a 30 MW fuel cell project in Delaware.
- Representing MetLife in project financing and investments in several solar projects in New York and the Southwest.
- Represented Westar Energy as offtaker in the negotiation of PPAs for several wind energy projects in Kansas pursuant to a Westar RFP.
- Representing Union Bank in the financing of the 20 MW Blythe solar project in California and the 20 MW Roadrunner solar project in New Mexico.
- Representing RBS and Union Bank in the project financing of two 200 MW GenConn gas-fired peaking units in Connecticut.
- Representing Taylor Recycling in the negotiation of the PPA with New York Power Authority for a 24 MW gasified-MSW project in New York and related waste agreement.
- Represented affiliates of First Wind in the negotiation of a 200 MW power contract and a 100 MW power contract with the Southern California Public Power Authority (SCPPA) from wind-powered facilities in Utah, a 100 MW power contract with Avista in Washington, and a 70 MW power contract with Hawaiian Electric Company.
- Representing an international consortium in the development and financing of the 250 MW Bujagali hydroelectric project in Uganda.
- Represented an affiliate of the AES Corporation in the development of the 600 MW gas-fired Uruguaiana project in Brazil.
- Represented IFC in financing of the 120 MW La Higuera and 70 MW La Confluencia hydroelectric projects in Chile.
- Briefed and argued the successful appeal in the U.S. Court of Appeals for the Third Circuit in Freehold Cogeneration Associates v. Board of Regulatory Commissioners (holding that state's attempt to revisit approved Qualifying Facility (QF) contract rates with a utility is preempted by the Public Utility Regulatory Policies Act).
- Defended several other cogeneration projects and power marketers with long-term power contracts against challenges by several utilities before state and federal agencies and courts.
- Represented the Federal Energy Regulatory Commission (FERC) before the Supreme Court in defense of avoided cost rules for qualifying facilities (American Paper Institute v. American Electric Power).
- District of Columbia Bar
- Maryland State Bar
Rankings and recognitions
- "PURPA and Solar," Project Finance NewsWire, April 2017
- "FERC Incentives for New Transmission Lines May Help Secure Early Financing," Project Finance NewsWire, November 2015
- "Some Types of Government-Supported Power Contracts Hit Headwinds," Project Finance NewsWire, November 2014
- "Doubts About State-Mandated Power Contracts," Law360, February 4, 2014
- "Tapping Into Capacity on Merchant Transmission Lines and Interties," Project Finance NewsWire, November 2012
- "Wind Energy Is Going Real Time In the Midwest," AOL Energy, June 9, 2011
- "California Settlement Settles Old Scores and Charts New Paths for Generators," Project Finance NewsWire, January 2011
- "Federal Energy Regulatory Commission Opens the Door to Feed-In Tariffs in the United States," Project Finance Newswire, November 2011
- "FERC Decides Aero Case," North American Windpower, January 2007
- "Gone with the Wind, or Whose Line is it Anyway?," Project Finance NewsWire, November 2006
- "FERC Moves to Require Rate Filings by QFs," Project Finance Newswire, March 2006
- "FERC Implements PURPA Repeal," Project Finance NewsWire, March 2006
- Co-author, "FERC Moves to Implement New Energy Law," Project Finance NewsWire, January 2006
- "US Energy Bill: New Rules for Utilities and Independent Generators, Tax Breaks for Renewables, Utilities, Transmission Providers, Coal and LNG," Project Finance, September 2005
- Co-author, "US Remakes Playing Field For Gas and Electricity," Project Finance NewsWire, August 2005
- Project Finance NewsWire, June 2004
- "FERC Restricts Power Plant Sales to Utilities," Project Finance NewsWire, April 2004
- Project Finance NewsWire, February 2004
- "SEC Signals Tougher Stance On PUHCA Exemptions," Project Finance NewsWire, February 2004
- Project Finance NewsWire, June 2003
- Project Finance NewsWire, April 2003
- Project Finance NewsWire, August 2002
- "FERC Adopts New Test For Market Rates," Project Finance NewsWire, December 2001
- Project Finance NewsWire, February 2001
Memberships and activities
- Trial Attorney, Assistant Advisory Counsel, Solicitor’s Office, Federal Energy Regulatory Commission (FERC)
Solar developers are again using a 1978 federal law that requires utilities to sign long-term power purchase agreements to secure utility PPAs after years of disuse, but the recent track record of....
April 06, 2017
The recent selection of independent transmission developers to construct new transmission lines as part of plans by grid operators to upgrade has opened opportunities for “non-incumbents” to finan....
November 12, 2015
Project finance partner Robert Shapiro was quoted in the New York Times article, "Apple Becomes a Green Energy Supplier, With Itself as Customer....
August 24, 2016
Chadbourne & Parke LLP advised Deutsche Bank on the debt financing of Apex Clean Energy’s 217 MW renewable portfolio deal, which reached financial close on July 14....
July 21, 2016