Power & Renewables

Key Contacts
Beaudoin YannickMacaulay David
Windmill

Overview

Canada's extremely diverse and largely provincially segmented electricity market is undergoing significant change. A complex set of variables ranging from GHG emission reduction regulation, transmission and distribution constraints, resource availability, costs and technological advances are shaping our current and future generation, transmission and distribution needs. Government projections over the coming years make it clear that substantial investment in these sectors will be essential, creating new opportunities for Canadian and international power and transmission developers, related industries and their customers.

Bennett Jones is a leader in these areas, regularly providing advice on generation, transmission and distribution projects in Canada and internationally. Our global clients include power and transmission developers, facility owners, electric cooperatives, fuel suppliers, off-takers and steam/heat site hosts, as well as local, provincial and national regulatory boards and domestic and foreign agencies.

Our expertise includes assisting in project structuring, tax planning, regulatory compliance, EPC and EPC management contracts, project and conventional debt and equity financing, and site lease and acquisition. We have significant experience in acquisitions and divestitures in the electricity industry. We regularly negotiate a wide range of supply and sales contracts, including electricity trading and marketing agreements, off-take, power purchase and tolling agreements as well as other physical and financial contracts, operating agreements, interconnection arrangements with transmission and distribution grids, fuel supply and related arrangements, and steam and heat sales agreements.

We also possess substantial electricity sector restructuring experience, having drafted market rules and market-related contracts for wholesale electricity markets in Ontario and New Brunswick and having acted as counsel to several market participants within the deregulated electricity markets, representing bidders in virtually all energy and ancillary services MAP auctions that have been conducted by the Alberta Balancing Pool since 2000.

Our clients in the independent power business have participated in hundreds of power generation projects in Canada and abroad, which have involved facilities ranging in size from less than one MW to more than 1,000 MW, fuelled by sources as diverse as nuclear, natural gas, coal, hydro, biogas, biomass, solar and wind.

,,They are a highly competent, responsive and easy to deal with group that is particularly strong in the energy and utilities sector.,,

What Clients Say

Renewable Energy

While conventional energy sources will continue to be a large part of Canada's energy mix, the share of clean, renewable energy is growing quickly and will certainly continue to aggressively grow.

Participants in Canada's burgeoning renewable power and renewable fuels industry benefit from our timely and expert advice on a wide range of issues important to this sector. We have acted for clients in a variety of renewable power sectors, including, among others, hydro, wind, solar, biogas, biomass, biowaste, biofuels, and geothermal.

Navigating the corporate/commercial, regulatory and taxation landscape can be a daunting task for Canadian renewable power developers. Our lawyers have been key advisors at every step of the way, specifically retained with respect to acquiring project finance, accessing government incentives/programs, clearing regulatory hurdles, acquiring permits, completing environmental assessments, zoning real estate, acquiring and leasing real property, stewarding tax-efficient structures (including renewable power incentives like flow-through financing structures), developing private/public partnerships, drafting and reviewing commercial agreements (including power purchase and turbine supply agreements), and assisting with all aspects of mergers, acquisitions and divestitures.

Our team has designed the program rules and program contracts for a series of Ontario Power Authority conservation and demand management programs. Our lawyers have also acted for and have strong connections to a number of large energy buyers, including having a comprehensive knowledge of provincial power authorities' renewable power procurement processes.

We conduct due diligence and provide opinions on the development and operation of wind, solar and geothermal projects for government departments, private companies, and public companies.

Bennett Jones lawyers are active in fund formation work in this industry and have acted in the formation of renewable energy investment funds, both domestically and internationally.

,,They were professional, prompt and responsive, which is one of the biggest values.,,

What Clients Say

Client Work

RBC Dominion Securities
in an up to US$500M at-the-market program re-launch for the sale of common shares pursuant to a short-form prospectus supplement and an equity distribution agreement with Algonquin Power & Utilities
Pacific BioEnergy
in its sale of a majority interest to Sumitomo Corporation of Japan
Brighton Beach Power Project
in the development of this 580MW gas-fired combined-cycle power project in Windsor, Ontario, in which Coral Energy was the offtaker of 100 percent of the output from this facility
KKR
in its C$1.19-billion acquisition of an indirect minority equity interest in the Labrador-Island Link from Emera
O'Leary Ventures
in connection with the proposed development of Wonder Valley, a large scale proposed AI data centre industrial park
PowerCo
in its location selection process for the C$8.7 billion development of its first EV battery cell manufacturing plant in North America
Algonquin Power & Utilities
in the US$1.15-billion underwritten marketed public offering of Equity Units
Joffre Cogeneration Project
in regard to all aspects of this joint venture with EPCOR and NOVA Chemicals respecting the 416MW Joffre cogeneration power project in Alberta
Strathcona 90 MW Cogeneration Project
in the structuring and negotiations of all aspects of proposed development of cogeneration facility to supply steam and electricity to two industrial partners in the Alberta Heartland
Heartland
in its C$658 million sale to TransAlta
Heartland Power Project
in the development of the proposed Heartland Power Project, a 400MW combined cycle gas-fired power project in Alberta
Barking Power Project
on the 1000MW combined-cycle Barking Power project in London, England
Alberta Coal Phase Out
its subsidiary, in the proposed phase-out of coal-fired generation by the Government of Alberta by 2030 pursuant to the Province's Climate Leadership Plan
Battle River Power Project
regarding all aspects of the 670MW coal fired Battle River generating station near Forestburg, Alberta, including in connection with the Battle River Power Purchase Arrangement
Sheerness Power Project
regarding all aspects of the 760MW coal-fired Sheerness generating station near Hanna, Alberta, which is jointly owned by ATCO and TransAlta
Horizon Power Project
in the 120MW combined-cycle power project in Karratha, Western Australia

Recognitions

Chambers Canada
Ranked, Energy: Power

Chambers Global
Band 1, Environment
Band 2, Energy Sector (International & Cross Border)
Band 3, Energy: Power
The Legal 500 Canada
Ranked, Energy - Power

Canadian Legal Lexpert Directory
Most Frequently Recommended, Energy (Electricity), Calgary
Consistently Recommended, Energy (Electricity), Vancouver
P3 Awards 2018
Winner, Awarded Gold for Best Financial Structure on Alberta Powerline - Fort McMurray West 500 kv Transmission Project
Macaulay David

David J. Macaulay

Partner   •   Head of Power & Renewable Energy Practice

At the centre of market-shaping deals and high-stakes disputes, Bennett Jones delivers clarity, strategy and results. Our cross-border teams turn complexity into progress, always focused on what drives your success.

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