Robert Eberhardt

Partner
Norton Rose Fulbright US LLP

New York
United States
T:+1 212 408 5548
New York
United States
T:+1 212 408 5548
Robert Eberhardt

Robert Eberhardt

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Biography

Robert Eberhardt's practice focuses on the North American power industry. His clients include sponsors, investors, lenders and commodity hedge providers, and he advises on project development and finance, investments, commodity hedging and project acquisitions and dispositions. He has significant experience with a wide range of transaction types involving wind, solar and natural gas-fired generation projects.


Professional experience

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JD, New York University School of Law, 2006
MFS, Harvard University, 2001
BA, High Honors, Swarthmore College, 1998

  • New York State Bar

Wind energy projects

  • Representing a sponsor in development, joint venture arrangements and financings for US offshore wind projects.
  • Represented the sponsor in joint venture arrangements, commodity hedging, debt financing and tax equity financing for the repowering of the 161 MW Wildorado wind energy project and the 122 MW Elbow Creek wind energy project, each in Texas. 
  • Represented the sponsor in commodity hedging, offtake arrangements, debt financing and tax equity financing for the 419 MW Mesquite Star wind project in Texas.
  • Represented the hedge provider in structuring and documenting secured proxy revenue swaps supporting the repowering of three wind energy projects in Texas totalling 430 MW. 
  • Represented the buyer in its acquisition of Infinity Renewables, a leading developer of utility-scale wind projects in the United States. The acquisition included more than 8,000 MW of U.S. wind and solar projects in various stages of development.
  • Represented sponsors in the development, tax equity financing and commodity hedging arrangements for the Rattlesnake, Blue Cloud, Bearkat I and Bearkat II wind energy projects in Texas.
  • Represented an equity investor in its investment in a 760 MW portfolio of wind, geothermal, hydropower and solar generation assets in operation or under construction in the United States and Canada.
  • Represented an equity investor in its construction period investments and subsequent partnership flip financings for six wind energy projects totaling over 900 MW located in Oklahoma, Minnesota and Kansas.
  • Represented a commodity hedge provider in structuring and documenting proxy revenue swaps for mulitple wind energy projects located in Texas, Oklahoma, Kansas, Nebraska and Australia, as well as two solar energy projects located in Australia.
  • Represented the tax equity investors in partnership flip financings for a 110 MW wind energy project in Texas and a 175 MW wind energy project in Illinois.
  • Represented a tax equity investor in its investment in a 63 MW wind energy project in Oklahoma.
  • Represented the sponsor in the US$1.2 billion senior secured debt and leveraged lease financing for Phases II through V of the Alta Wind Energy Center, a 570 MW portfolio of wind energy projects in California.


Solar energy projects

  • Representing sponsors in acquisitions, development, joint venture arrangements, tax equity financings, commodity hedging and other offtake arrangements for, and sales of, multiple solar energy projects in Texas and the western US.
  • Represented the sponsor in commodity hedging arrangements, the construction, back-leverage and tax equity financing for, and the sale of, the Holstein solar project, a 200 MW solar photovoltaic energy project in Texas.
  • Represented the sponsor in the construction, back-leverage and tax equity financing of the US$416 million Prospero solar project, a 379 MWdc solar photovoltaic energy project in Texas.
  • Represented the sponsor in the acquisition, development and tax equity financing for the Sage solar project, a 58 MWac solar photovoltaic energy project in Utah. 
  • Represented the sponsor in the construction, back-leverage and tax equity financing of the US$397 million Phoebe solar project, a 250 MW solar photovoltaic energy project in Texas.
  • Represented the sponsor in the bank and institutional debt financing of the US$550 million Arlington Valley Solar Energy II Project, a 127 MW solar photovoltaic energy project in Arizona
  • Represented the sponsor in the bank and institutional debt financing of the Centinela Solar Energy Project, a 170 MW solar photovoltaic energy project in California.
  • Represented the initial purchaser and lenders in the US$935 million senior secured project bond and bank financing for the Genesis Solar Project, a 250 MW solar thermal energy project in California.
  • Represented a tax equity investor in its investment in a 29 MW portfolio of 24 distributed solar photovoltaic energy projects in California, Massachusetts, Florida and Connecticut.
  • Represented the lenders in the senior secured construction financing for a 40 MW solar photovoltaic energy project in Texas.


Conventional power projects

  • Represented the lenders in the senior secured bank financing of the US$1.3 billion South Field  Energy Center, a 1,182 MW natural gas-fired generation project in Ohio.
  • Represented the lenders in the US$1 billion senior secured bank financing of the Cricket Valley Energy Center, a 1,100 MW natural gas-fired generation project in New York.
  • Represented a private equity fund in the acquisition, development, commodity hedging and senior secured bank financing of the Lordstown Energy Center, a 940 MW natural gas-fired generation project in Ohio.
  • Represented the lenders in the senior secured bank financing of the US$899 million Carroll County Energy Project, a 700 MW natural gas-fired generation project in Ohio.
  • Represented the lenders in the senior secured bank financing of the US$775 million St. Charles Energy Center, a 725 MW natural gas-fired generation project in Maryland.
  • Represented the lenders in the senior secured bank financing of the US$842 million Woodbridge Energy Center, a 700 MW natural gas-fired generation project in New Jersey.
  • Represented the lenders in a senior secured acquisition financing for a 300 MW gas-fired cogeneration project in Georgia.
  • Chambers USA, Nationwide, Projects: Renewables & Alternative Energy, Chambers and Partners, 2019
  • Legal 500 United States, Recommended Lawyer, Finance - Project finance, The Legal 500, 2018 - 2019
  • Legal 500 United States, Recommended Lawyer, Industry focus - Energy: renewable/alternative, The Legal 500, 2018
  • Legal 500 United States, Recommended Lawyer, Industry focus - Energy: transactions - conventional power, The Legal 500, 2018
  • Legal 500 United States, Recommended Lawyer, The Legal 500, 2012-2013

Knowledge

Corporate Power Purchase Agreements

Publication | October 02, 2019

The hunt for PPAs

Publication | August 9, 2018

Hedges for wind projects: evaluating the options

Publication | June 2017

New York issues RFPs for renewable electricity

Publication | June 2017