George Humphrey

experienced

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Straight TalkĀ® is good business
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600 Travis
Suite 4200
Houston, TX 77002
P: +1.713.220.4375
F: +1.713.238.7205
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focused

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George Humphrey

Partner

Houston Office
600 Travis
Suite 4200
Houston, TX 77002
P: +1.713.220.4375
F: +1.713.238.7205

George's practice focuses on U.S. and international project development and finance, corporate finance, strategic joint ventures, mergers and acquisitions, especially in the energy industry. Specifically, George's practice encompasses:

Representative Experience

Recent Experience

  • Currently advising the sponsor on the approximately $1 billion financing of a natural gas-to-methanol-to-gasoline project in Louisiana.
  • Currently advising the sponsor on the development of an ammonia project in Mexico.
  • Currently advising the sponsor on the development of an up to 2,000 MW wind project located in the panhandle of Oklahoma, including on transmission aspects and on the sale of the project to interested third parties.
  • Currently advising a developer on the acquisition of a 200 MW wind development project in Texas, including negotiation of the purchase and sale agreement.
  • Currently advising the sponsor on the project financing of a 40 MW solar photovoltaic project located in Chile.
  • Currently advising the sponsor on the project financing of in excess of 60 MW of solar photovoltaic projects located in Uruguay.
  • In February 2015, represented the developer of a 100 MW solar photovoltaic project in Texas on the negotiation of a power purchase agreement for the project.
  • In February 2015, represented the developer on the acquisition of an approximately 100 MW wind project in Texas, including advice on the power purchase agreement.
  • In December 2014, advised the developer of a 150 MW wind project development in North Dakota on the negotiation of a power purchase agreement for the project.
  • In December 2014, advised the developer on the acquisition of a Mexican wind power development company, including advice on the Mexican power purchase agreements used by the company.
  • In October 2014, advised the sponsor on the development of a 23 MW wind power project in Guatemala, including negotiation of the EPC contract for the project.
  • In September 2014, negotiated to close a power purchase agreement for an 80 MW photovoltaic project in Chile.
  • In June 2014, negotiated to close, on behalf of the buyer, the acquisition of ownership interests in a 115 MW wind project in operation in Chile.
  • In May 2014, advised an energy company on the acquisition of an interest in a 100 MW+ wind project in Japan, including negotiation of the joint venture agreement.
  • In March 2014, advised a foreign energy company on the potential acquisition of energy assets in the United States with a value in excess of USD 2 billion.
  • In January 2014, advised a foreign buyer in the potential acquisition of a worldwide oil and gas business based in Houston.
  • In 2013, advised an international energy company on the potential acquisition of solar PV development rights for projects in excess of 200 MW in Chile.
  • In 2013, negotiated to close, on behalf of the sponsor, a FEED engineering agreement for a greenfield crude oil refinery to be constructed in Louisiana.
  • In 2013, negotiated to close an engineering, procurement and construction contract for the construction of an approximately $120 million chlor alkali and carbon capture and mineralization facility to be located in Texas.
  • In 2013, negotiated to close 15-year warranty and maintenance agreements for five wind projects located across the United States.
  • In 2012, ran international finance legal team and negotiated to close $245 million debt financing of Parque Eólico El Arrayán SpA, a 115 MW wind power project to be located northeast of Santiago, Chile, jointly owned by AEI, Pattern Energy Group LP and Antofagasta Minerals SA. The financing included a construction debt facility that converts to a 15-year term loan, a letter of credit facility and a value-added tax finance facility. The construction and term loans were provided in two tranches, one from Denmark's export credit agency, EKF, which provided guaranteed loans through its ELO program, and the second tranche by a consortium of international commercial lenders comprised of The Bank of Tokyo-Mitsubishi UFJ, Ltd., Sumitomo Mitsui Banking Corporation and Credit Agricole Corporate & Investment Bank. The commercial lenders also provided the letter of credit facility, and Chilean bank Corpbanca provided the value-added tax financing. In 2012, closed the 20-year power purchase agreement and offtake arrangements for Parque Eólico El Arrayán SpA, a 115 MW wind power project under construction and located northeast of Santiago, Chile, jointly owned by AEI, Pattern Energy Group LP and Antofagasta Minerals SA.
  • In 2011, represented investor in negotiations to acquire a controlling interest in up to a 233 MW hydroelectric project being developed near Ancash, Peru.
  • In 2010, closed, on behalf of a New York private equity firm as buyer, an approximately $100 million stock acquisition of a U.S. drilling services company.
  • In 2010, advised on two wind power financial energy hedges, which included a sale of associated renewable energy credits.
  • In 2010, closed $58 million term facility and $100 million revolving facility for an electric cooperative, along with the refinancing of a $50 million perpetual line of credit. In 2010, closed $200 million-plus acquisition financing of a wind power project in the United States, including dealing with recapture risks relating to the U.S. stimulus law’s cash grant, complex intercreditor issues among the debt lenders and energy hedge provider involving three different lien priorities, and obtaining rights to enter into future power purchase agreements (PPAs), energy hedges, REC agreements and other arrangements to sell the uncontracted portion of the project’s generation.

 Other Experience

  • Ran national deal team and negotiated to close $279.9 million debt financing of Sherbino I Wind Farm LLC, a 150MW wind power project located near Ft. Stockton, TX, jointly owned by BP Alternative Energy North America Inc. and NRG Energy, Inc. The financing includes a 15-year term component and has a gas energy hedge in the place of a traditional long-term power purchase agreement.
  • Involved in the successful financings of wind projects totaling over 2,000 MW and USD 2 billion, including the Sweetwater (Texas), Caprock (New Mexico), Allegheny Ridge (Pennsylvania), Jersey-Atlantic (New Jersey) and Cedar Creek (Colorado) wind farms.

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