Jeremy A. Hushon

Partner
Norton Rose Fulbright US LLP

Jeremy A. Hushon

Jeremy A. Hushon

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Biography

Jeremy Hushon is a partner in the Washington, D.C. office and member of the firm's project finance practice.  His practice is focused primarily on the development and financing of projects and companies in emerging markets.   Jeremy has extensive experience representing development banks, export-credit agencies, private equity and other financial investors.  He has been involved in investments in all regions of the world, including significant experience in Central and South America, Africa, the Middle East, Asia and Europe.   Jeremy is familiar with a wide-range of financing types, including project finance, corporate and guaranteed loan structures, convertible debt and preferred equity.  He has particular expertise in power project financings including solar, hydroelectric, wind, natural gas, bio-fuel, and diesel with both long-term offtake agreements and merchant plants.  Jeremy also has substantial experience working on other types of real estate and infrastructure projects and smaller-scale investments such as the financing of a desalination facility, cement plants, hospitals, pharmaceutical companies, banks, leasing companies, and manufacturing entities.


Professional experience

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  • JD, Duke University School of Law, 1997
  • AB, International Relations, Brown University, 1993
  • District of Columbia Bar
  • New York State Bar
  • Virginia State Bar

Power and Infrastructure Projects:

  • IFC and European Investment Bank (EIB) in connection with the financing of a 28 MWac solar PV plant in Zambia backed by an IDA political risk guarantee
  • IFC and Overseas Private Investment Corporation (OPIC) in connection with the financing of a 47.5 MWac solar PV plant in Zambia backed by an IDA political risk guarantee; this was the first project financed under the World Bank's Scaling Solar program; named by IJ Global as the African Renewables Deal of the Year for 2017
  • Opec Fund and BADEA in connection with the financing of a 135 MW combined-cycle thermal power plant in Senegal
  • IFC and Bancomext in connection with the financing of a 102.5 MWac solar PV plant in Mexico to be operated on a merchant power basis
  • IFC and Bancomext in connection with the financing of a 270 MWac solar PV plant in Mexico with a partial 20-year power purchase agreement
  • Darby International Capital in connection with the secured financing of a Brazilian wind energy platform company to provide developer capital for the construction of multiple wind farms
  • advisory services to ETESA, the Panamanian transmission utility, in connection with the a proposed public-private partnership transaction for an approximately 500 km 500 kv transmission line across the north coast of Panama
  • IFC Infraventures in connection with its co-investment with Excelerate Energy for the installation of a Floating Storage Regasification Unit (FSRU) and LNG import terminal to support power projects in Bangladesh
  • IFC and Banque Ouest Africain de Developpement (BOAD) in connection with the financing of a 96 MW fuel-oil fired power plant in Senegal backed by an IDA political risk guarantee
  • IFC, DEG and Bancomext in connection with the financing of a 50 MWac solar PV plant in Honduras
  • IFC, OeEB and Finnfund in connection with the financing of a 35 MWac solar PV plant in Honduras
  • Multiple representations of multilateral and commercial lenders in connection with the secured financing of hydroelectric power plants Latin America, including Honduras (38 MW), Panama (85 MW), Chile (20 MW) and Guatemala (43 MW)
  • FMO in connection with its loan to an off-grid solar company based in Guatemala to assist in the expansion of its operations in Central America
  • IFC in connection with its equity investment in ACWA Power
  • IFC, DEG, CAF, Scotiabank and FirstCaribbean International Bank in connection with the financing of a 66 MW fuel oil-fired power project in Jamaica and the cross-collateralization of such financing with other Jamaican power projects owned by the same sponsor
  • IFC Infraventures in connection with its co-investment with Clean Energy Invest and Tata Power for the development of a cascade of hydroelectric power projects in Georgia
  • IFC in connection with the financing of bio-gas projects in Eastern Europe and Pakistan
  • IFC, African Development Bank (AfDB) and Absa Bank in connection with the secured financing of an 87MW diesel-fired power plant in Kenya backed by a political risk guarantee
  • IFC in connection with the secured financing of a 46 MW wind farm in Chile
  • IFC in connection with the restructuring of the financing for a 192 MW hydroelectric power project in India
  • IFC Infraventures in connection with the creation of a joint development agreement form and the adaptation of such form for infrastructure investments in Asia, Africa, South America and Eastern Europe 
  • A private equity firm and power developer in connection with the development of ethanol production facilities in the Southeast United States
  • IFC and Asian Development Bank (ADB) in connection with the provision of $275 million in secured financing to a Pakistani energy company to be utilized for the purpose of expanding its generating capacity by 800 MW and rehabilitating its transmission and distribution assets to reduce energy losses
  • Inter-American Development Bank (IDB) in connection with the secured financing of a seawater desalination plant in Chile


Industrial, Manufacturing, Agribusiness and Telecommunications Projects:

  • IFC in connection with its financing of a global transport and logistics provider
  • IFC in connection with its investment in a Singapore-based telecommunications company with operations in Myanmar
  • U.S. Ex-Im Bank in connection with numerous loans and loan guarantees to energy and industrial customers, including an ECA's "deal of the year" for 2016 and two transactions named by Trade Finance Magazine as Deals of the Year for 2013
  • A high-growth manufacturing company in connection with obtaining a commitment under the U.S. Department of Energy's Loan Guarantee Program
  • IFC in connection with the financing of a gold mine in the Solomon Islands
  • IFC in connection with the secured financing of cement projects in Egypt, Morocco, Kazakhstan, Turkey, Iraq and Yemen
  • IFC in connection with its investments in agribusiness projects in Mali, Ethiopia (through a Dutch holding company) and Ghana
  • FMO in connection with multiple agri-business financings in Paraguay, Peru and Nicaragua
  • IFC in connection with numerous corporate loans to industrial, manufacturing, telecommunications and retail businesses in Panama, Colombia, Chile, Brazil, Russia, Albania, Belarus, Turkey, Lebanon, Egypt and Mali
  • IFC in connection with numerous local currency project loans to borrowers located in Latin America, Africa and Asia


Private Equity and Investment Funds:

  • IFC in connection with connection with a joint development agreement entered into with Inobat Auto for the development of a EV battery manufacturing facility in Slovakia
  • AXA Impact Fund: Climate & Biodiversity in connection with numerous equity investment aligned to its principal goals of climate and biodiversity protection
  • FinDev Canada in connection with its investment in a company delivering residential solar to numerous countries in Sub-Saharan Africa
  • Darby International Capital in connection with debt and equity investments by its managed investment funds in numerous Latin American businesses, including initial investments and negotiated exits
  • IFC in connection with preferred equity investments in numerous entities, including in the FinTech and financial services areas.
  • IFC in connection with its fund investments, including: (i) a Mauritius-based fund focused on investments in West Africa, (ii) a Mauritius-based fund focused on investment in the Indian agri-business sector and (iii) a Cayman-based fund-like vehicle focused on power investments in the Middle East
  • A group of investors in connection with a preferred equity subscription in a South American business process information technology company


Banking and Microfinance:

  • IFC, FMO, DEG, OeEB, CAF and FinDev Canada  in connection with loans to financial institutions in Latin America, most with a focus on green, SME or women-owned business on-lending criteria.
  • FMO in connection with its investment in Vision Fund International, a microfinance institution with reach across Asia, Africa, Eastern Europe and Latin America
  • IFC in connection with its equity investments in a Saudi mortgage finance bank and a commercial bank in Oman
  • IFC in connection with its investments in numerous microfinance banks located in Eastern Europe, the Middle East and Africa
  • Legal 500 Latin America, Recommended Lawyer, International Firms: Banking and Finance, The Legal 500, 2021, 2023
  • Legal 500 Latin America, Recommended Lawyer, International Firms: Projects and Energy, The Legal 500, 2016 – 2017, 2021, 2023
  • Legal 500 US, Recommended Lawyer, Project Finance, The Legal 500, 2013 – 2017, 2019

Mr. Hushon has spoken at a number of forums and has written a number of articles in the area of international project finance.

  • Bar of the State of New York
  • Bar of the District of Columbia
  • Bar of the Commonwealth of Virginia