Lance T. Brasher
Energy and Infrastructure Projects
Mr. Brasher has over 20 years of experience in the acquisition, development, financing and restructuring of energy assets and other infrastructure projects in the United States and around the world. He has advised clients with respect to numerous renewable energy projects, including solar, wind, geothermal, waste-to-energy and biomass; gas and coal-fired power plants; electricity transmission lines; coal gasification facilities; LNG and natural gas processing facilities; natural gas pipelines; railways; and sports facilities.
Mr. Brasher represents developers, investors, borrowers, lenders and utilities, regularly advising clients in all phases of a transaction, including planning and structuring, competitive bidding, negotiation and execution. He has led the negotiation of some of the most complex energy transactions and has extensive knowledge and experience with the key agreements related to acquisitions, financing, joint ventures, power purchases, transmission and interconnection arrangements, construction and equipment supply, and fuel supply and transportation.
In illustrative transactions, Mr. Brasher has represented the following:
- First Solar, Inc. in connection with the construction and $1.46 billion financing and sale of the 550MW Desert Sunlight photovoltaic (PV) project. When complete, this will be the largest solar PV project in the world. The financing for the project is being provided by a syndicate of banks and other financial institutions led by Citi and Goldman Sachs;
- First Solar, Inc. in connection with the construction and $646 million financing and sale to Exelon of Antelope Valley Solar Ranch One, a 230 MW PV project;
- First Solar, Inc. in connection with the construction $967 million financing and sale to NRG Energy, Inc. of the 290 MW Agua Caliente solar project in Arizona;
- SolarReserve, LLC in connection with the construction, $737 million financing and sale of the Crescent Dunes Solar Project. Crescent Dunes uses a concentrating solar power (CSP) tower design with molten salt storage;
- NV Energy Inc., in the acquisition of a joint ownership interest in and capacity use arrangements for the One Nevada Transmission Line, which will connect power grids in northern and southern Nevada;
- NV Energy Inc., in joint venture arrangements for solar, wind and geothermal projects and in the procurement of renewable energy from projects, including China Mountain, Carson Lake, Nevada Solar One and Spring Valley;
- Energy Answers in the development and financing of waste-to-energy projects in Baltimore and Puerto Rico;
- First Energy in the negotiation of solar, wind and conventional energy and capacity purchase agreements and in the structuring of related RFPs;
- AEI in its $1.5 billion term and revolving loan facility led by Credit Suisse and JP Morgan, and in financings relating to AEI’s acquisition of interests in Luz del Sur of Peru, Promigas of Colombia and Del Sur of El Salvador;
- Nevada Power Company in the acquisitions of the Bighorn, Silverhawk and Lenzie gas-fired power projects – transactions totaling approximately 2,400 MW;
- GenPower in the development of the 600 MW Longview coal-fired power project in West Virginia;
- NV Energy, Inc. in the construction of the Lenzie, Tracy, Clark and Harry Allen gas-fired generating stations, aggregating approximately 3,000 MW;
- Prisma Energy in its $2.7 billion sale to AEI, including a related $1 billion financing of Prisma;
- Bechtel and Shell in the sale of Intergen, owner of coal- and gas-fired power plants totaling more than 7,800 MW in Europe, Asia, Mexico and Australia;
- Enron in the formation of Prisma Energy, into which Enron transferred its interest in 15 power generation, electricity distribution and natural gas services businesses located in South and Central America, Europe and Asia, and in the divestiture of other power plant and gas pipeline interests;
- banks and other lenders in the financings of FedEx Field for the Washington Redskins, the Nashville Predators’ NHL franchise fee and Invesco Field for the Denver Broncos; and
- Dabhol Power Company in the development and $2.9 billion financing of its proposed 2,450 MW power project and LNG regasification facility located in India.
Mr. Brasher has been recognized repeatedly as a “leading lawyer” by Chambers Global, Chambers USA, The Best Lawyers in America and other publications.
Following graduation from the United States Naval Academy, Mr. Brasher was an officer in the U.S. Navy, serving three years on the USS Harry W. Hill, a navy destroyer, and two years as an economist and operations analyst with the Center for Naval Analyses.
J.D., Harvard Law School, 1990 (cum laude)
B.S., United States Naval Academy, 1982 (with distinction)
Co-Author with Michael Dailey, “Contracting for the Construction of Utility Scale Solar Projects,” North American Clean Energy
Co-Author with Paul S. Kraske, “Renewable Energy Power Purchase Agreements: A Reflection of the Carrot-and-Stick Approach to Renewable Energy Legislation,” The Journal of Structured and Project Finance
Co-Author with Paul S. Kraske and Bruce Lundstrom, “Lessons Learned in Emerging Markets,” Infrastructure Journal
Co-Author with Paul S. Kraske, “EPC Contracts: The Changing Nature of Construction Financing,” Infrastructure Journal