Patrick W. Lynch
Retired Partner
Overview
Patrick Lynch is a retired partner in Crowell & Moring's Washington, D.C. office, where he was vice-chair of the firm's Energy Group. His practice concentrated on energy and infrastructure project development and finance, and related corporate matters. His transactional experience included project financings, stock and asset sales, public-private partnerships, and the negotiation of all types of project contracts, including offtake, feedstock, construction, and O&M agreements. He represented private sector developers, governments, off-takers, contractors, lenders, and equity investors in projects domestically and in numerous foreign countries, including Argentina, Bolivia, Brazil, Canada, Colombia, Jamaica, Mexico, Turkey, and Turkmenistan.
Patrick was involved in numerous electric generation projects involving coal, natural gas, cogeneration, solar, wind, and other renewable energy facilities, both at "utility scale" as well as smaller distributed generation projects. He also worked on transactions involving oil and gas pipeline facilities and electric transmission projects. Outside of the energy sector, Patrick worked on desalination, wastewater treatment, solid waste, and light rail projects.
Representative Engagements
- Represented NRG Yield, Inc. in the acquisition of interests in an 820 MW portfolio of eight solar generating facilities in Arizona and Utah from NRG Energy for $130 million in cash plus assumed project debt of $465 million.
- Represented a major independent power developer in negotiating a build-transfer agreement with a utility for a 160 MW wind project.
- Represented an independent power developer in $725 million refinancing (senior term loan B facility as well as subordinated debt, working capital and bridge facilities) for a portfolio of several gas-fired facilities in the U.S. and Canada.
- Represented NRG Yield, Inc. in the acquisition of a majority interest in the 250 MW California Valley Solar Ranch project from NRG Energy for $78.5 million in cash plus assumed project debt of $496 million.
- Represented Georgetown University in negotiating a power purchase agreement for on-campus rooftop solar facilities. The project is the largest rooftop solar project in the District of Columbia.
- Represented NRG Yield, Inc. in its $250 million investment in a partnership with NRG Energy, Inc. to acquire portfolios of distributed and residential solar assets.
- Represented an independent power developer in the sale of its 25 percent interest in an 800MW gas-fired generation facility in California.
- Represented NRG Yield, Inc. in negotiating a construction contract for a chilled water, steam and backup generating system to serve the UPMC Mercy Hospital in Pittsburgh, PA.
- Represented Corning Incorporated and Lockheed Martin Corporation in the negotiation of power purchase agreements (PPAs) for the output of an 80MW solar facility owned by Duke Energy Renewables.
- Represented an energy storage company in developing template construction and equipment supply agreement for utility-scale and commercial/industrial energy storage projects.
- Represented NRG Yield in its acquisition of a 75 percent interest in a portfolio of 12 wind facilities for an enterprise value of $400 million.
- Represented the buyer of a 20 MW hydroelectric facility in Pennsylvania.
- Represented the developer of a municipal waste recycling facility in contract negotiations with the City of Houston.
- Represented NRG Yield in acquisitions of 1,355MW of gas, wind, and solar generating facilities from NRG Energy for an enterprise value of over $2.2 billion.
- Represented the University of California in the negotiation of 25 year PPAs for the output of two solar facilities with an aggregate capacity of 80MW. When completed, the transaction was the largest non-utility purchase of solar energy in the U.S.
- Represented an independent power developer in a $380 million commercial bank financing of a portfolio of operating and construction-stage gas fired generating facilities.
- Served as project counsel to Poseidon Water in the development and financing of a 50 MGD desalination facility in Carlsbad, California. The transaction, identified by Bloomberg as the largest U.S. project financing of the year, was named the North American Water Deal of the Year by Project Finance Magazine, the North American Infrastructure Deal of the Year by Infrastructure Investor, the Desalination Deal of the Year by Global Water Intelligence, and a Deal of the Year by the Bond Buyer.
- Represented a joint venture in the acquisition of five hydroelectric facilities with an aggregate capacity of 94 MW.
- Represented George Washington University, American University, and The George Washington University Hospital in the negotiation of PPAs to purchase the output of three solar facilities with an aggregate capacity of 52 MW.
- Represented a distributed combined heat and power developer in all aspects of company and project financing, and in the development and negotiation of energy service agreements.
- Represented an independent power developer in a $205 million refinancing of a 307 MW gas-fired generating facility in Florida.
- Represented an energy services company in developing model power purchase and siting agreements for use in distributed solar installations.
- Served as project counsel in the acquisition, development and project financing of a utility-scale solar generating facility in California.
- Represented a major U.S. energy company in its acquisition and development of over 30 solar projects with an aggregate capacity of over 150 MW.
- Represented an independent power developer in a term loan B holding company refinancing for a portfolio of three gas-fired generating facilities with aggregate output of 890 MW.
- Represented Trans-Elect in the sale of the Path 15 transmission project in California to Atlantic Power for $230 million.
- Represented an energy commodities company in the negotiation of numerous power purchase, tolling, and similar agreements for gas, solar, and wind generating facilities.
- Represented a private equity fund in its purchase of a majority interest in an independent transmission company.
- Served as buyer's counsel in the acquisition of two natural gas pipeline systems, including related bridge and capital market financing. Aggregate transaction value of $2.4 billion.
- Acted as seller's counsel in the sale of a controlling interest in five Mexican wastewater treatment facilities to a Japanese trading company.
- Served as project counsel in the dual currency refinancing of a portfolio of wastewater treatment facilities serving refineries of Mexico's state-owned oil company. The transaction was named the Latin American Water Deal of the Year by Project Finance Magazine.
- Acted as counsel to the Government of Turkey in the development and structuring of the Baku-Tbilisi¬Ceyhan oil pipeline and the Trans-Caspian gas pipeline.
- Served as project counsel in the development and project financing of a 25 MGD desalination facility near Tampa, Florida.
- Acted as project counsel in the development and project financing of a 234 MW power project near Cali, Colombia.
- Served as project counsel in the development and project financing of the first independent power projects in Jamaica and the Province of Nova Scotia, Canada.
Patrick was a member of the American Bar Association (Section of Corporation, Banking, and Business Law). He was admitted to practice in New York and the District of Columbia. He was also a member of the Federal Energy Bar Association, having served as a member of the Finance and Transactions Committee and the International Energy Transactions Committee.
Patrick was a magna cum laude graduate of Duke University, where he earned a B.A. in public policy studies (1984). He received his J.D. from Columbia University (1987), where he was named a Harlan Fiske Stone Scholar.
Patrick was involved in numerous electric generation projects involving coal, natural gas, cogeneration, solar, wind, and other renewable energy facilities, both at "utility scale" as well as smaller distributed generation projects. He also worked on transactions involving oil and gas pipeline facilities and electric transmission projects. Outside of the energy sector, Patrick worked on desalination, wastewater treatment, solid waste, and light rail projects.
Representative Engagements
- Represented NRG Yield, Inc. in the acquisition of interests in an 820 MW portfolio of eight solar generating facilities in Arizona and Utah from NRG Energy for $130 million in cash plus assumed project debt of $465 million.
- Represented a major independent power developer in negotiating a build-transfer agreement with a utility for a 160 MW wind project.
- Represented an independent power developer in $725 million refinancing (senior term loan B facility as well as subordinated debt, working capital and bridge facilities) for a portfolio of several gas-fired facilities in the U.S. and Canada.
- Represented NRG Yield, Inc. in the acquisition of a majority interest in the 250 MW California Valley Solar Ranch project from NRG Energy for $78.5 million in cash plus assumed project debt of $496 million.
- Represented Georgetown University in negotiating a power purchase agreement for on-campus rooftop solar facilities. The project is the largest rooftop solar project in the District of Columbia.
- Represented NRG Yield, Inc. in its $250 million investment in a partnership with NRG Energy, Inc. to acquire portfolios of distributed and residential solar assets.
- Represented an independent power developer in the sale of its 25 percent interest in an 800MW gas-fired generation facility in California.
- Represented NRG Yield, Inc. in negotiating a construction contract for a chilled water, steam and backup generating system to serve the UPMC Mercy Hospital in Pittsburgh, PA.
- Represented Corning Incorporated and Lockheed Martin Corporation in the negotiation of power purchase agreements (PPAs) for the output of an 80MW solar facility owned by Duke Energy Renewables.
- Represented an energy storage company in developing template construction and equipment supply agreement for utility-scale and commercial/industrial energy storage projects.
- Represented NRG Yield in its acquisition of a 75 percent interest in a portfolio of 12 wind facilities for an enterprise value of $400 million.
- Represented the buyer of a 20 MW hydroelectric facility in Pennsylvania.
- Represented the developer of a municipal waste recycling facility in contract negotiations with the City of Houston.
- Represented NRG Yield in acquisitions of 1,355MW of gas, wind, and solar generating facilities from NRG Energy for an enterprise value of over $2.2 billion.
- Represented the University of California in the negotiation of 25 year PPAs for the output of two solar facilities with an aggregate capacity of 80MW. When completed, the transaction was the largest non-utility purchase of solar energy in the U.S.
- Represented an independent power developer in a $380 million commercial bank financing of a portfolio of operating and construction-stage gas fired generating facilities.
- Served as project counsel to Poseidon Water in the development and financing of a 50 MGD desalination facility in Carlsbad, California. The transaction, identified by Bloomberg as the largest U.S. project financing of the year, was named the North American Water Deal of the Year by Project Finance Magazine, the North American Infrastructure Deal of the Year by Infrastructure Investor, the Desalination Deal of the Year by Global Water Intelligence, and a Deal of the Year by the Bond Buyer.
- Represented a joint venture in the acquisition of five hydroelectric facilities with an aggregate capacity of 94 MW.
- Represented George Washington University, American University, and The George Washington University Hospital in the negotiation of PPAs to purchase the output of three solar facilities with an aggregate capacity of 52 MW.
- Represented a distributed combined heat and power developer in all aspects of company and project financing, and in the development and negotiation of energy service agreements.
- Represented an independent power developer in a $205 million refinancing of a 307 MW gas-fired generating facility in Florida.
- Represented an energy services company in developing model power purchase and siting agreements for use in distributed solar installations.
- Served as project counsel in the acquisition, development and project financing of a utility-scale solar generating facility in California.
- Represented a major U.S. energy company in its acquisition and development of over 30 solar projects with an aggregate capacity of over 150 MW.
- Represented an independent power developer in a term loan B holding company refinancing for a portfolio of three gas-fired generating facilities with aggregate output of 890 MW.
- Represented Trans-Elect in the sale of the Path 15 transmission project in California to Atlantic Power for $230 million.
- Represented an energy commodities company in the negotiation of numerous power purchase, tolling, and similar agreements for gas, solar, and wind generating facilities.
- Represented a private equity fund in its purchase of a majority interest in an independent transmission company.
- Served as buyer's counsel in the acquisition of two natural gas pipeline systems, including related bridge and capital market financing. Aggregate transaction value of $2.4 billion.
- Acted as seller's counsel in the sale of a controlling interest in five Mexican wastewater treatment facilities to a Japanese trading company.
- Served as project counsel in the dual currency refinancing of a portfolio of wastewater treatment facilities serving refineries of Mexico's state-owned oil company. The transaction was named the Latin American Water Deal of the Year by Project Finance Magazine.
- Acted as counsel to the Government of Turkey in the development and structuring of the Baku-Tbilisi¬Ceyhan oil pipeline and the Trans-Caspian gas pipeline.
- Served as project counsel in the development and project financing of a 25 MGD desalination facility near Tampa, Florida.
- Acted as project counsel in the development and project financing of a 234 MW power project near Cali, Colombia.
- Served as project counsel in the development and project financing of the first independent power projects in Jamaica and the Province of Nova Scotia, Canada.
Patrick was a member of the American Bar Association (Section of Corporation, Banking, and Business Law). He was admitted to practice in New York and the District of Columbia. He was also a member of the Federal Energy Bar Association, having served as a member of the Finance and Transactions Committee and the International Energy Transactions Committee.
Patrick was a magna cum laude graduate of Duke University, where he earned a B.A. in public policy studies (1984). He received his J.D. from Columbia University (1987), where he was named a Harlan Fiske Stone Scholar.
Career & Education
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- Duke University, B.A., magna cum laude, public policy studies, 1984
- Columbia Law School, J.D., Harlan Fiske Stone Scholar, 1987
- Duke University, B.A., magna cum laude, public policy studies, 1984
- Columbia Law School, J.D., Harlan Fiske Stone Scholar, 1987
