Energy Transition overview

Delivering value to an energy landscape reshaped by decarbonization, security imperatives, electrification, industrial policy, technological innovation and new fuels requires advisers who understand how global markets, regulation and local realities converge. White & Case draws on deep experience across conventional and renewable energy to advise clients on the transactional, contentious and regulatory elements of decarbonization projects. Our technical capabilities and sharp commercial judgment help clients turn transition pressures into commercial opportunities, and build resilient, low-carbon businesses.

Our offering

Supporting clients across the energy spectrum

Our global team advises sponsors, developers, investors, utilities, financiers, private equity firms, sovereign wealth funds, governments, multilateral agencies, major energy consumers and other stakeholders as they work through the commercial and regulatory factors shaping the energy transition.

Strategic advice on all energy transition matters

We help clients capture opportunities and shape new business models at every stage of the energy transition, regularly advising on first-of-a-kind transactions, and on all major energy transition asset classes, including:

Hydrogen, ammonia and other low-carbon fuels
Carbon capture, utilization and storage (CCUS), carbon removal and related infrastructure
Sustainable aviation fuel
Battery energy storage systems (BESS), including co-located renewable generation and associated grid infrastructure upgrades
E-mobility and charging infrastructure

We also advise on the commercial, strategic and regulatory arrangements that support the development and commercialization of these assets, including:

Transition-driven strategic investments, joint ventures and M&A
Bankable offtake, feedstock and infrastructure arrangements
Applicable regulatory and incentive frameworks
Capital structures and financing arrangements

Global reach, connected insight

Our energy transition lawyers operate across established and emerging markets, drawing on White & Case's global platform and integrated sector experience. Our work advising an array of market participants allows us to provide clients with a differentiated perspective and help them translate transition-related complexity into resilient, executable strategies.

Complex and consequential matters

ATOME

White & Case advised ATOME on the signing of debt financing documents for a US$420 million total debt package with respect to the US$650 million landmark, 260,000 tons-per-year, green hydrogen-based fertilizer plant at Villeta, Paraguay (Villeta). Villeta is a first-of-a-kind project that will produce calcium ammonia nitrate fertilizer from green hydrogen made from a low fixed-cost long-term supply of renewable power and without the need for fossil fuels.

Consortium of international lenders

White & Case advised a consortium of international lenders on the project financing of Acelen's landmark greenfield biodiesel project in Brazil, one of the first large-scale facilities in Latin America dedicated to producing both sustainable aviation fuel and renewable diesel. The biorefinery is expected to begin operations in 2029 and will be among the largest facilities of its kind in Latin America, using diversified feedstocks to broaden the region’s aviation fuel mix and support more resilient aviation fuel supply chains.

Green Sky Capital

White & Case advised Green Sky Capital on a landmark capital raise for a sustainable aviation fuel (SAF) facility in Egypt and the establishment of a wider SAF development platform. This landmark project is the first SAF facility of its kind in Africa and the Middle East. White & Case also led negotiations in relation to the full suite of project documentation, including the offtake and feedstock agreements, EPC contracts and technology licence arrangements.

EIG

White & Case advised EIG on the £1 billion equity and debt capital raise by Fidra Energy, a battery energy storage system (BESS) platform. The capital raise will fund the UK’s largest BESS project at Fidra Energy’s Thorpe Marsh site in South Yorkshire. The 1,400 MW/3,100 MWh project at Thorpe Marsh, which is expected to commence operations in mid-2027, will be the largest battery storage facility in the UK and among the largest in Europe.

Occidental Petroleum

White & Case advised Occidental on the development of STRATOS, the world’s largest direct air capture (DAC) facility, in Ector County, Texas. Through a fund managed by its Diversified Infrastructure business, BlackRock has signed a definitive agreement to form a joint venture with Occidental through its subsidiary 1PointFive that will own STRATOS. BlackRock will invest US$550 million on behalf of clients in the development of STRATOS. STRATOS is designed to capture up to 500,000 tonnes of CO2 per year.

Aramco

White & Case advised Aramco on its acquisition of a 50 percent interest in Blue Hydrogen Industrial Gases Company (BHIG), a wholly owned subsidiary of Air Products Qudra, itself a joint venture between Air Products and Chemicals Inc. and Vision Invest. The acquisition also includes options for Aramco to offtake hydrogen and nitrogen. BHIG is currently developing an industrial-scale low-carbon hydrogen production plant, together with carbon capture facilities and an industrial gas pipeline network, within the Jubail Industrial City in the Kingdom of Saudi Arabia.

NEOM Green Hydrogen Company

White & Case advised NEOM Green Hydrogen Company on the landmark US$8.4 billion NEOM Green Hydrogen Project. It is the world's first utility-scale green hydrogen facility and the largest greenfield renewables project in history. The project, which will be powered by 4 GWs of solar and wind energy, is expected to produce up to 600 tonnes per day of carbon-free hydrogen. The financing involved a syndicate of 21 commercial banks, export credit agencies and development finance institutions.

Stockholm Exergi

White & Case advised Stockholm Exergi on the financing to build one of the world’s largest carbon capture facilities. Stockholm Exergi's planned facility, Beccs Stockholm, will be built at the bio-combined heat and power plant in Värtahamnen. The facility already produces sustainable electricity and district heating from forestry residues, delivering reliable and dispatchable electricity through a 3,000-kilometer-long district heating network.