Peter del Vecchio is an attorney in the Global Practices Group at Baker Botts, concentrating on renewable energy, power and infrastructure projects, and transactions in the energy industry.
i. Renewable Energy Practice. Mr. del Vecchio's extensive current experience with renewable energy projects includes assisting clients with the acquisition, structuring, development, construction and operation of greenfield and shovel-ready solar and wind projects, including tax equity transactions, construction and permanent financing, the negotiation and drafting of power purchase agreements, interconnection arrangements, joint ventures, engineering, procurement and construction contracts, operating and maintenance agreements, environmental, land use and real estate matters, local and state tax abatements and valuation limitation agreements, module supply agreements, wind turbine agreements, and agreements with other major equipment suppliers, including warranties, and other matters assisting clients in bringing utility scale renewable energy projects to commercial operation.
ii. Infrastructure Practice. Mr. del Vecchio assists infrastructure funds, pension funds and family offices in structuring and negotiation of investments and financing of power and infrastructure projects, including electrical transmission systems, water utilities, toll roads, bridges and tunnels, among others.
iii. Japanese Practice. Mr. del Vecchio practiced law in Tokyo, Japan, as a Registered Legal Foreign Consultant (Gaikokuho Jimu Bengoshi) for nearly ten years and was a member of the Daini Tokyo Bar Association (Niben). During that time, Mr. del Vecchio represented a broad variety of industrial and commercial enterprises and financial institutions, both foreign and Japanese. Clients included Seiko Instruments, Yokogawa Electric, Michelin Tires, Yokohama Rubber, Riken Corporation, JP Morgan Securities Asia, Lehman Brothers Japan, Dai-Ichi Kangyo Bank, Nomura Securities, Daiwa Securities, State Street Bank, Crédit Lyonnais, Cable & Wireless, among others. Mr. del Vecchio was a frequent lecturer on legal issues to a variety of business associations, including the American Chamber of Commerce in Japan (ACCJ), the Union of Japanese Scientists and Engineers (JUSE), Tokyo Bar Association, among others. Mr. del Vecchio was an Adjunct Professor at Temple University Japan, where he taught Intellectual Property and Commercial Transactions. Mr. del Vecchio wrote books on Japan's “Big Bang” Financial Deregulation published by The Economist and on Trade Secrets Law.
Mr. del Vecchio worked in law firm, business and academic settings in a bilingual fashion, including:
- Attended Keio University's Japanese Language and Culture Learning Center (Nihongo Nihon Bunka Kyou-iku Senta) graduating with a diploma at the highest level.
- Visiting Scholar (Houmon kenkyu-in) in the Law Faculty at Keio University.
- Centaurus Renewable Energy – Since July 2013, acquisition, development, construction and financing, including tax equity financing, of nineteen utility-scale photovoltaic projects representing and aggregate of approximately 1.22GW nameplate capacity located in California, Arizona, Idaho, Indiana, Utah, Alabama, Wyoming, Nevada, Georgia and Texas.
- Centaurus Renewable Energy – Disposition of 18MW solar photovoltaic project in Tucson, Arizona.
- Centaurus Renewable Energy – Disposition of equity interests in a portfolio of twelve solar photovoltaic projects totaling approximately 750 MW in nameplate capacity.
- UBS Infrastructure – Advice regarding potential acquisition of hydro and geothermal power projects.
- Barclays Capital – Represented Barclays Capital and a co-investor in their bid to acquire Horizon Wind Energy representing 559 MW of operating wind projects and 997MW of projects under construction.
- Sonnedix – provided advice to a European solar company in connection with its bid to acquire solar project assets from Canadian Solar in Ontario.
- Wind Energy Developer – Represented a developer of a 400MW wind farm in Haskell County, Texas.
- Special Opportunity Fund – Represented an investor in the acquisition of a 377MW late-stage wind project in Texas.
- European bulge-bracket investment bank – Assisted bank in developing and structuring a tax credit monetization business unit built around US renewables projects
- Advice to an Australian superannuated fund in connection with their planned investments in the U.S. renewable market.
- Advice and representation of various developers, installers and finance parties in the residential and commercial and industrial (C&I) photovoltaic solar industries.
- Represented various investors and developers in landfill gas to energy (LFGTE) projects in the Southeastern United States.
- Enron North America – disposition in bankruptcy through a Sec. 363 sale of the equity and subordinated debt interests in Sithe/Independence Power Partners LP, a 1000MW combined-cycle gas plant in Scriba, New York to Reservoir Capital Group, LLC.
- Enron North America – Business compliance manager while in-house at Enron North America in connection with the proposed merger of Enron Corporation and Dynegy.
- UBS Infrastructure – structuring and acquisition of a 50% interest in Northern Star Generation, LLC, which owned or had beneficial equity interests in thirteen facilities with a combined electric generating capacity of approximately 1,600 net MWs located in California, Colorado, Florida, Georgia, Nevada and Pennsylvania. The Northern Star Generation assets included a mix of natural gas, coal and waste coal plants.
- UBS Infrastructure – advice regarding the potential acquisition of rights in the Atlantic Path 15 electrical transmission system from Atlantic Power.
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Please join Baker Botts in the Infocast-hosted Virtual Master Class on M&A for Renewable Power Projects on October 21-22, 2021 at 8:45 a.m. - 3:00 p.m. PT.