District of Columbia
England & Wales
Jason Crowell is Managing Partner at Peace | Crowell, a limited liability partnership that operates worldwide between affiliated limited liability partnerships conducting practice from the United Kingdom and the United States.
Jason has substantial experience representing developers, host governments and lenders in project development and finance transactions involving a variety of energy, infrastructure and real estate development projects, both domestically in the United States and the United Kingdom, and internationally. He has structured, negotiated and documented joint venture, capacity, gas and fuel supply, power purchase, concession, construction, and operation and maintenance transactions on behalf of developers, contractors and host governments worldwide. His work also includes regular representation of borrowers and sponsors in various financing transactions, including asset-based and project finance loan facilities.
Jason has particular expertise in structuring commercial and financing transactions in highly-regulated industries, including nuclear energy. He also has extensive expertise in geothermal, wind, solar and other alternative energy projects.
Recently, Jason has been engaged as lead counsel to an international government client in connection with all aspects of commercial and financing arrangements for a new build nuclear power project in the Middle East, including a $24.4 billion USD financing, which received the “Public Sector Financing Deal of the Year” award at the IJGlobal Awards 2016 for the Middle East & North Africa region; the “Global Finance Deal of the Year: Projects (Middle East)” 2017 award as announced by The American Lawyer; and the “Project Finance Deal of the Year” at the 2017 International Financial Law Review Middle East Awards.
Among other notable transactions, Jason acted as lead counsel in the negotiation and structuring of a capacity contract with a nominal value of nearly $300 billion USD, making it one of the single largest commercial contracts in history. He is also acting as counsel to a developer for the structuring of financing and construction arrangements for a new build nuclear project in the United Kingdom, and recently acted as lead counsel to the developer of Mexico’s first private geothermal power project.
Jason is one of the only attorneys worldwide that has actually structured project, commercial and financing arrangements for a nuclear new build project in a country new to nuclear energy, and successfully secured debt financing commitments against those project arrangements after full bankability review and due diligence by multiple international lenders, including export credit agencies. He is one of exceedingly few lawyers that has first-hand, market-tested data on a spectrum of financing options for new nuclear projects, including limited recourse and structured finance options.
Jason has represented many commercial and investment banks in a variety of financing transactions ranging from single-asset power plant financings to multi-billion dollar, multi-lien combined bank and capital market financings. In addition, Jason represents developers ranging from independent power producers to large oil and gas and utility companies in connection with the development, construction and financing of various energy-related projects. Jason has been involved in the following representative projects:
- joint venture arrangements involving the Middle Eastern host country government and the technology exporter;
- financing and offtake arrangements;
- insurance matters during construction and operation, including nuclear liability analysis and nuclear insurance pool formation;
- analysis of nuclear liability regimes and review of draft laws to implement nuclear liability conventions;
- review of construction oversight and operation and maintenance arrangements with the nuclear regulatory authority to obtain required approvals relating to foreign participation in plant ownership and nuclear licensing;
- regulatory matters involving the federal nuclear authority and the International Atomic Energy Agency; and
- application for and negotiation of the first nuclearized electricity generation license issued by the local regulation and supervision bureau.