Project Finance Counsel

The Project Finance Counsel will play a critical role in structuring and closing financing deals for our innovative geothermal energy projects.

Decarbonizing the energy sector is an urgent challenge, and with the right technology, geothermal energy can play a central role. We are expanding our team to help make this vision a reality. Fervo Energy has developed technology to make geothermal power scalable and cost-effective. Join us and work alongside world-class engineers, researchers, investors, and developers in making geothermal a key pillar of our climate-friendly energy future.

Description

The Project Finance Counsel will play a critical role in structuring and closing financing deals for our innovative geothermal energy projects. The position will be responsible for overseeing project-level finance documents, including drafting and negotiating term sheets, commitment letters, loan documents, intercreditor agreements, and security agreements. The Project Finance Counsel will report to the Vice President, General Counsel.

Responsibilities

  • Draft and negotiate sophisticated financing documentation for project finance transactions, ensuring alignment with project goals and risk mitigation strategies
  • Provide comprehensive legal advice and support to clients throughout the project finance lifecycle, from deal origination to closing
  • Conduct thorough legal review of project documentation, including term sheets, commitment letters, contracts, agreements, and regulatory filings, identifying and addressing potential risks
  • Research and analyze complex project finance laws, regulations, and industry best practices, staying current on evolving trends and legal developments
  • Collaborate effectively with internal and external stakeholders, including clients, partners, lenders, and investors, to develop and execute winning transactional strategies
  • Assist in due diligence reviews, meticulously preparing transactional documents and closing materials.
  • Communicate clearly and concisely with clients, opposing counsel, and other parties involved in project finance transactions
  • Assist in structuring FOAK geothermal projects, including drafting and implementing intercompany agreements acceptable to creditors and lenders
  • Review major documents, such as PPAs, EPC agreements, etc. for financeability
  • Works to ensure budget compliance and effectively manages the use of external counsel

Qualifications

  • Juris Doctor (JD) degree from an accredited law school
  • Admission to the [Texas] State Bar or eligibility for admission by motion
  • 8+ years of experience in project finance law, with a demonstrated track record of success in the renewable energy sector
  • Strong competency in drafting and negotiating complex financing documents, including loan agreements, security agreements, and intercreditor agreements
  • Excellent written and verbal communication skills, with the ability to explain intricate legal concepts in a clear and concise manner
  • Flexible thinker with superb problem-solving abilities, and a knack for identifying and mitigating potential risks
  • Ability to design and implement FOAK project finance structures to satisfy potential lenders and project level investors
  • Proven ability to work independently and manage multiple tasks effectively, while also being a strong team player
  • Meticulous attention to detail with exceptional organizational skills
  • Unwavering commitment to providing high-quality legal services and exceeding client expectations
  • Experience with tax equity partnerships, federal tax credits and the transfer of tax credits, as well as the Financing Programs offered by the Loan Program Office (LPO) is a plus

About Fervo Energy

Fervo Energy commercializes technology to own, develop, and operate geothermal assets as the dispatchable foundation to a 100% clean energy future. As a 24/7, reliable clean energy resource, geothermal energy has a major role to play in the future electric grid and Fervo Energy’s key innovations bring a full suite of modern technology to make geothermal cost competitive. Fervo’s innovations include technologies such as advanced computational models, horizontal drilling, and distributed fiber optic sensing that we have developed with partners including Schlumberger, ARPA-E, and the Lawrence Berkeley National Lab. Fervo is supported through Cyclotron Road, the Department of Energy, Stanford University, and Breakthrough Energy Ventures.

Fervo Energy is an Equal Opportunity Employer and does not discriminate on the basis of race, color, creed, gender, religion, marital status, registered domestic partner status, age, national origin, ancestry, physical or mental disability, medical condition, sex, genetic information, sexual orientation, military and veteran status or any other consideration made unlawful by federal, state, or local laws. It also prohibits unlawful discrimination based on the perception that anyone has any of those characteristics or is associated with a person who has or is perceived as having any of those characteristics.