Mark is a partner in the energy practice of SGH Martineau. He is an energy and projects specialist with twenty years experience of advising in connection with the power sector.
Mark advises sponsors, generators, financiers, network operators, governments and regulators on all aspects of their participation in the power sector, including the drafting and negotiation of power purchase agreements, fuel supply agreements and operations and maintenance agreements. Mark is also an expert on the regulation of the electricity industry and has worked extensively on the liberalisation and privatisation of the sector. A corporate lawyer by training, Mark also has experience in mergers and acquisitions in the power sector.
In addition to his energy work, Mark has extensive experience of surety bonding having advised many of the leading surety providers on a range of infrastructure projects. He has also advised on the use of surety bonds in other specialist situations.
Representative assignments have included:
- advising clients on the trading of energy in the European energy markets including the financial services and sectoral regulation of such trading;
- acted for the surety on a bond to cover the prudential regulatory obligations of one of its customers;
- advising the network operators in Ireland and Northern Ireland in relation to the further development of the All-Island market in Electricity. Specifically advised on new Ancillary Services arrangements and new system charges. The role included drafting and negotiating Ancillary Services Contracts and the associated licence modifications and charging statements;
- advising a UK generator in connection with its participation in the EU Emissions Trading Scheme;
- advised the surety on bonding the contractor for the £170 million Fife General Hospital and Maternity Services PPP project;
- advising the developer of a major European pipeline project on the procurement of long lead time items.
- represented a UK-based industrial company on the development of captive renewable generation plants;
- advising a UK generator in relation to regulatory procurement issues concerning long term maintenance arrangements for gas turbines;
- acted for Northern Ireland Electricity in connection with the introduction of wholesale competition to implement the IME Directive;
- advising on the sale of Kyoto compliance units (pre-Kyoto ratification) from a power station converted to operate on wood chippings. Advised in connection with various brokerage agreements and negotiated the terms for a sale of credits to the World Bank's Prototype Carbon Fund;
- advised the surety on bonding the construction contractor on the £192 million Northampton Schools PFI project;
- advised the Serbian Energy Authority on licensing and other regulatory issues for the electricity and gas markets;
- advising Nordic Powerhouse on the establishment of an electricity and gas trading business operating in the newly liberalised markets of continental Europe. Advice included reviewing amendments to standard trading documents and the drafting and negotiation of master netting agreements; and
- advised TEAS on the restructuring of the Turkish electricity market and the creation of a new, independent transmission company. Drafted documentation for the new market, including a transmission licence, connection and use of system documentation and use of interconnector agreements.