Expertise

Rory Connor specialises in project development and finance in the energy sector, both in the UK and globally. He advises energy companies, developers, funds and financial institutions on all project development matters including construction and project finance, as well as project investments, acquisitions and disposals. His sector expertise includes oil & gas, conventional power, hydropower, nuclear and renewables.

  • Advising Nigerian National Petroleum Company on a transaction with Sterling Oil Exploration & Energy Production Company Ltd. (SEEPCO) for the financing of the exploration and development of Nigerian upstream licence area OML 13 as well the related establishment and structuring of a mid-stream gas joint venture. 
  • Advising ACWA Holding and Air Products on the construction and financing of a US$2 billion air separation unit for the supply of industrial gases to Saudi Aramco at Jazan, Saudi Arabia. This deal was awarded Petrochemicals Deal of the Year 2015 for the Middle East and North Africa by IJGlobal, Project Finance Deal of the Year 2015 by Islamic Finance News and Industrial Deal of the Year 2015 for the Middle East and Africa by Project Finance International
  • Advising Tata Power and Clean Energy Invest on the development, construction and financing of Phase 1 of the 400 MW Adjaristsqali Cascade hydropower project, located in Georgia, as well as subsequent refinancing. 
  • Advising Clean Energy Group and Enka on the development and construction of the 433 MW Namakhvani hydropower project, located in Georgia. 
  • Advising Greencoat Capital on the joint acquisition and development of one of the largest renewable heat projects in the UK. 
Experience

Highlights include:

  • Advising Nigerian National Petroleum Company on a transaction with CMES-OMS Joint Venture Limited for the financing of the exploration and development of Nigerian upstream licence area OML 65. 
  • Advising Nigerian National Petroleum Company on a transaction with West Africa Gas Limited for the financing of the exploration and development of Nigerian upstream licence area OML 11. 
  • Advising Japan Bank for International Cooperation and Asian Development Bank on the project finance facilities for the 2,500MW Gulf SRC Gas-Fired Combined Cycle Power Plant Project in Thailand.
  • Advising Anadarko Petroleum Corporation on the construction and development of the 2 x 6.4 mtpy Mozambique LNG project.
  • Advising Chevron North Sea on the EPCT arrangements for the construction of a USD 600 million turret mooring system and related infrastructure for the Rosebank FPSO project, located in the North Sea.
  • Advising BW Maritime, and its partner Itochu, on its bid for an LNG floating storage unit project, located offshore Bahrain.
  • Advising LNG Canada (jointly owners by Royal Dutch Shell, PetroChina, KOGAS and Mitsubishi Corporation) on the USD 10 billion EPC contract for a 6.8 million tpy LNG liquefaction and export facility located at a site in Kitimat, British Columbia, Canada.
  • Advising Ghana National Petroleum Corporation on bankability issues relating to the EPC arrangements for the 3.40 million tpy Tema floating LNG regasification project.
  • Advising Tokyo Electric Power Company on the acquisition of an ownership interest in the 108 MW Dariali hydropower project and 176 MW Oni hydropower project.
  • Advising Sarawak Energy Berhad on all aspects of: (i) the development, financing and construction of the 944 MW Murum, 1295 MW Baleh, 1200 MW Baram 1 and 93 MW Batang Ai hydropower projects, (ii) the preparation, negotiation and finalization of a Power Purchase Agreement for the entire production of the 2400 MW Bakun hydropower project, (iii) the acquisition of the 2400 MW Bakun hydropower project, (iv) the negotiation and implementation of power exchange agreements with Indonesia, Brunei and the Malaysian State of Sabah, and (v) the joint development of a mining concession in the Balingian region of Sarawak.
  • Advising Fountain Intertrade Corp. (jointly owned by Agua Imara of Norway, Norfund of Norway, and CrediCorp of Panama) in relation to the USD 155,000,000 debt financing of the 58 MW Bajo Frio Hydropower Project located in Panama.
  • Advising SN Aboitiz Power-Benguet Inc. (a joint venture between AboitizPower of the Philippines and SN Power AS of Norway) on the partial refinancing of a USD 375 million credit facility between and a syndicate of domestic (Philippines) and international lenders with respect to the 105 MW Ambuklao hydropower project and the 140 MW Binga hydropower project, each located in the Philippines.  
  • Advising The AES Corporation on the construction and financing of the expansion of the 2 x 300 MW Masinloc Power Plant, sponsored by The AES 1Corporation, located in the Philippines.
  • Advising Fula Rapids Hydropower Company (owned by Norfund of Norway and South Sudan Electricity Corporation of South Sudan) in respect of the development and construction of the 42 MW Fula Rapids Hydropower Project located in South Sudan.
  • Advising a joint venture comprised of Masdar and EDF Renewables on the development and financing of the 400 MW Dumat onshore wind project located in Saudi Arabia.
  • Advising Rusatom Overseas, as lead sponsors, on the development and financing of the 4 x 1,200 MW Akkuyu nuclear power project, located in Turkey including advising on matters relating to joint venture creation, the Intergovernmental Agreement relating to the project and on the Power Purchase Agreement.
  • Advising AREVA SA on all matters relating to a proposed EUR 500 million vendor-equity financing of the 2 x 1600 Hinkley Point C nuclear power project, including the Contract for Difference regime, waste management strategy and HM Treasury Guarantee Scheme.
Publications
  • Net zero needs the nuclear option, Lexology, September 2019
  • Legal strategies for the mitigation of risk for energy infrastructure projects, Journal of Energy & Natural Resources Law, March 2018
  • Case Note on MT Højgaard A/S v E.ON Climate & Renewables UK Robin Rigg East Limited and another, Energy Law Exchange, September 2017
  • Gas to Power in Africa: Challenges and Opportunities, Lexology, November 2016
  • Fifty Shades of Green Hydro Bonds, Project Finance International, 7 September 2016.
  • Can SMRs unlock financing?, World Nuclear News, 24 August 2016.
  • Letters of Credit, on demand bonds and "fraud exception", Lexology, November 2014.
  • Obrascon Huarte Lain SA v Her Majesty's Attorney General for Gibralter: a rare look at the FIDIC form of contract, Lexology, August 2014.
  • Going Nuclear: Electricity Market Reform and New Nuclear, GM Business Week, October 2012. 
Year Qualified
  • 2008
Education
  • 2004 - Post Graduate Diploma in Professional Legal Practice, Nottingham Law School
  • 2003 - LLB Law, the University of Sheffield
Professional Memberships
  • Law Society of England and Wales