Patrick R. Gillard

Partner
Philadelphia

Patrick R. Gillard leads Ballard Spahr's Energy Group and co-leads its Project Finance Group. He represents corporate clients, underwriters, and lenders in connection with corporate and project finance, mergers and acquisitions, public utility law, and wholesale energy regulation. Patrick has a sophisticated utility finance practice and experience negotiating public and private debt financings involving both complex capitalization structures and M&A transactions.

Patrick also has extensive experience in transactions involving the development, financing, and acquisition of electric power assets, including solar, wind, and other types of renewable generating facilities. He has provided counsel to a Regional Transmission Organization for many years and has an in-depth understanding of the wholesale energy markets, including derivative products. He regularly advises large industrial and corporate energy retail customers on the negotiation of terms of power purchase agreements, competitive generation supply agreements, and renewable energy credit trading arrangements. In addition, he counsels participants in the energy industry on federal and state energy legislative and regulatory matters, including wholesale energy market regulation, state renewable energy portfolio standards, and public utility financing authorizations.

Experience 

Representative Matters

  • Advised an affiliate of a major utility in connection with the acquisition of a number of utility scale solar projects including:
      • A 19.3 MW solar facility located in Arizona
        • A 15 MW solar facility located in Delaware
          • A 25.2 MW solar facility located in Arizona
            • Two solar facilities totaling 4.4 MW located in California
            • Advised major Northeastern City in connection with an approximately $50 million lease financing of a waste-to-energy facility that will generate heat and electric power from biogas fuel
            • Advised a major electric generation company in connection with a Department of Energy loan guaranty financing for a utility scale solar project

            Professional Highlights

            Professional Activities

            Pennsylvania Bar Association, Public Utility Section

            Energy Bar Association

            Recognition & Accomplishments

            The Legal 500 US, Industry Focus - Energy: Renewable/Alternative, 2014, 2017-2021; Finance - Project Finance, 2019-2021

            Speaking Engagements

            Moderator, "Utilities' Perspectives and Plans on Achieving the Region's Renewable Goals," Mountain West Renewables Summit, Scottsdale, AZ, October 23, 2019

            "Evolving Views on Asset Valuation," Infocast Solar Power Finance & Investment Summit, San Diego, CA, March 19, 2019

            "The M&A Landscape," Infocast Projects & Money, New Orleans, LA, January 16, 2019

            Credentials 

            Education

            Widener University School of Law (J.D., M.B.A. 2000, magna cum laude)
            Staff, Delaware Journal of Corporate Law; Member, Phi Kappa Phi

            University of Scranton (B.S. 1995)

            Admissions

            New Jersey

            Pennsylvania