mover & shaker

New York law firm appoints another energy practice partner in Houston

Dale Smith, an energy finance and transactions attorney, has joined Willkie Farr & Gallagher LLP. Photo via Willkie.com

A law firm again expanded its Houston-based, energy-focused team.

Willkie Farr & Gallagher LLP announced that energy finance and transactions attorney Dale Smith has joined the firm as a partner in the Corporate & Financial Services Department, which will be based in the Houston office. Willkie provides legal solutions to businesses that address critical issues that affect multiple industries and markets with 13 offices worldwide.

Smith was most recently a partner at Mayer Brown, and prior to law, he worked in the electric and gas utility industry as an analyst for Entergy. He currently serves on the Institute for Energy Law Advisory Board. He will manage energy clients in a broad range of transactions from upstream, midstream, and downstream oil and gas, renewable energy, power and energy finance deals.

“Dale’s addition further expands the energy transactional platform we’ve been building in Texas and across the country with our several partner additions this past year,” Archie Fallon, managing partner of the Houston office, says in a news release.

Smith will advise both lenders and borrowers in secured and unsecured credit transactions, which includes asset-based financings, acquisition and project financings, syndicated and structured financings (including tax equity), DIP and bankruptcy exit financings, and borrowing base facilities, letter of credit facilities, working capital facilities, workouts, and restructurings. Smith will also guide clients on the development and commercialization of hydrogen and ammonia facilities, carbon capture projects, renewable power generation facilities, and hydrocarbon facilities across the value chain. This will include gathering, processing, fractionation, transportation and storage facilities.

“Willkie’s dynamic Texas platform and growing national and international energy capabilities are a great fit for my practice and I’m delighted to be a part of that growth,” Smith said in a news release. “I look forward to working with the talented attorneys here to expand our transactional offerings to best serve the needs of our clients.”

Smith is the seventh lateral partner addition to Willkie’s multi-office energy team in the past year.

Willkie recently also announced Sarah McLean as a partner in the Corporate & Financial Services Department and Private Equity practice at the Houston office. McLean’s practice will focus on private equity transactions. Mostly the transactions will be acting for sponsors in making portfolio investments,exiting their investments, and growing their platform companies. McLean was a joint head of the US Energy industry group at Shearman & Sterling prior to Willkie Farr & Gallagher, and her experience in the energy sector includes 20 years.

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A View From HETI

The new facility is expected to be one of the largest manufacturing sites for power conversion systems in the U.S. Photo courtesy Power Electronics

Spanish renewable energy company Power Electronics broke ground on its new 53-acre Houston campus on Sept.24.

The new site is expected to create over 400 local jobs and deliver 40 gigawatts of production capacity per year. The company said in a news release that the campus is expected to be the largest manufacturing site for power conversion systems in the U.S. Power Electronics specializes in solar, energy storage, data centers and electrification technologies.

A completion date and operational start date have not yet been announced.

“For the first time in many years, the United States will be able to meet its growing need for sustainable power generation capacity and energy resilience through local manufacturing, supported by the most advanced technology in the world,” David Salvo, CEO of Power Electronics, said in the news release. “Our [40-gigawatt] Houston Campus will help shape the future of energy and AI growth globally."

Once operational, the manufacturing site will feature two buildings of approximately 150,000 square feet and 700,000 square feet. They will house production, logistics, R&D, corporate offices, training and electronic manufacturing departments.

The company says the Houston campus will be its most automated inverter production site by using advanced technologies in production to streamline day-to-day processes. Inverters convert direct current (DC) electricity that is generated by solar panels and batteries to alternating current (AC) electricity used by electrical grids.

Power Electronics' global headquarters is in Valencia, Spain, with U.S. operations in Houston, Tampa, and Gilbert, Arizona. Its North American headquarters is located at its existing North Houston office on East Airtex Drive. Community Impact News reports that the new manufacturing site is located in the Cy-Fair/Jersey Village area.

Power Electronics shared on LinkedIn that the new Houston campus represents its commitment to its American business and will allow it to serve the market with "greater scale, proximity and local expertise." It currently has more than 116 gigawatts installed in the U.S. and is working toward a global goal of 105 gigawatts of annual global production capacity.

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