Stuart T. Solsky

Partner

stuart.solsky@bakerbotts.com

New York

P: +1.212.408.2558 F: +1.212.259.2558
Stuart Solsky Photo

Stuart Solsky concentrates on project development and finance, particularly in the energy industry. He has practiced for over 30 years, representing developers, lenders, rating agencies, equity investors, and contractors in electric power, LNG, energy (midstream and downstream), petrochemical, telecommunications, water, and other projects. Mr. Solsky has worked on all aspects of the development, acquisition, divestiture, and financing of projects, and as a result has developed a broad-based corporate, commercial and financial practice.

Mr. Solsky has extensive experience in drafting and negotiating a wide variety of project agreements and financing documents, including EPC contracts, power purchase agreements, O&M agreements, loan agreements, letters of credit, cash collateral agreements, other security agreements, partnership agreements, and limited liability operating agreements. He has developed a particular experience in EPC contracts, having drafted, negotiated and/or reviewed over 180 EPC contracts on a variety of projects. His projects are located all over the globe, with a strong emphasis on the U.S., Africa, Asia, Latin America, Africa and the Middle East.

Related Experience

United States

  • Private Energy Partners – development, construction, financing, and sale/leaseback of the Entenmann's Project in New York
  • Barclays Bank PLC – senior bank financing of the Midway-Sunset Cogeneration Project in California
  • Edison Mission Energy Company – development, debt financing, and equity sell-down of the Auburndale Project, a gas-fired cogeneration project in Florida
  • BNP Paribas – senior bank financing of a municipal waste-to-energy project located in Camden County, New Jersey
  • BNP Paribas – senior bank financing of the Grant Town Project, a waste coal-fired cogeneration project located in West Virginia
  • Entergy Corporation – acquisition of the 80.1 MW Top of Iowa wind farm located in Worth County, Iowa, which incorporated a separate sale of green credits to Wisconsin Electric Power Company and the negotiation and structuring of acquisition financing
  • PPL Global – acquisition of the 24 MW Mill Run and Somerset Wind Farms in Pennsylvania
  • Standard & Poor’s – Rule 144A project financing of the SEGS VIII and SEGS IX solar projects in California
  • Standard & Poor’s – Rule 144A financing of a portfolio of equity interests in the Energy Investors Fund, consisting of 20 electric power projects located across the U.S., including gas-fired, coal-fired, waste coal-fired, wind power and hydropower projects
  • Natixis Banque – issuance of a letter of credit in connection with the Astoria Project, a 500 MW power project in New York
  • Hitachi – negotiation of a potential EPC contract for the expansion of the South Texas Nuclear Project
  • Hitach – negotiation of a potential EPC contract for a proposed nuclear power project in Victoria, Texas
  • Hunt Refining Company – expansion of its refinery in Alabama
  • Natixis Banque – project financing of the Tenaska Frontier Project in Pennsylvania
  • Standard & Poor’s Ratings Group – representation in over 30 projects
  • Mizuho Bank – senior bank financing of the Pure Air on the Lake Scrubber Project, an advanced flue gas desulfurization facility in Indiana
  • Long-Term Credit Bank of Japan – senior bank financing of the Iroquois Gas Pipeline Project from Canada to Long Island, New York
  • World Net Group – development of the Northstar Submarine Cable System, a submarine fiber optic cable system between Valdez, Alaska and Pacific City, Oregon

Bangladesh

  • Overseas Private Investment Corporation as sole lender – project financing of the Haripur Barge-Mounted Power Project

Brazil

  • Petrobras – drafting and negotiating three FEED Contracts relating to Floating LNG liquefaction projects to be located offshore Brazil
  • Petrobras – drafting and negotiating conceptual design agreements for three fertilizer projects in Brazil

Equatorial Guinea

  • Marathon Oil Corporation – development of the EG LNG Project

India

  • Petronet LNG Ltd. – development and expansion of two LNG receiving terminals
  • Consortium, including the Apollo Group and PSEG Global – development of the PPN Project, a 330 MW dual-fuel power plant in Tamil Nadu
  • BBI Power Inc. – development of the Krishnapatnam-B Project, a 520 MW power project in Andhra Pradesh
  • PSEG Global – development of the Bhilai Project, a 500 MW coal-fired power plant in Madhya Pradesh
  • Edison Mission Energy Company – development of the Jojobera Project, a 275 MW inside-the-fence power project in Bihar

Indonesia

  • PSEG Global – development of the Pontianak Project, a 100 MW coal-fired power plant
  • PSEG Global – development of the Full Moon Project, a 400 MW low sulfur waxy residue-fired power plant in Cilacap, Central Java
  • Standard & Poor’s – rating of the Rule 144A financing of the Dayabumi Geothermal Project, a geothermal power project

Jamaica

  • Wartsila – 49.5 MW expansion of a barge-mounted power project

Liberia

  • Buchanan Renewables – biomass-fueled power project and associated transmission line

Mexico

  • Natixis Banque as lender – project financing of the Concropa Power Project
  • Sakura Bank as lender – financing of the Mayakan Pipeline Project
  • Lucent Technologies – financing of the Avantel telephone system

Nigeria

  • Brass LNG Ltd. – development of a two-train LNG project, including EPC contracts; project sponsors include NNPC, Total, ConocoPhillips and Eni

Namibia

  • Namibia Water Corporation – structuring the Namibia Desalination Project

Pakistan

  • Edison Mission Energy Company – privatization bid to acquire an interest in the 1024 MW Kot Addu energy complex

Qatar

  • AES Corp. – bid submission for the development of the Ras Laffan C IWPP in Qatar

Saudi Arabia

  • Mada Company for Commercial & Industrial Development – bid submission for the development of the Saudi Landbridge Project, a railway to be located in Saudi Arabia

Thailand

  • Premier Enterprise – restructuring of a joint venture that owns a facility for the production of acrylonitrile butadiene styrene terpolymers (ABS) and styrene acrylonitrile copolymers (SAN)
  • Consortium, including PSEG Global and Tomen Corporation – bid submission to the Electricity Generating Authority of Thailand (EGAT) for the development of a 700 MW gas-fired power plant

Trinidad and Tobago

  • Standard & Poor’s – Rule 144A financing of the Phoenix Park Project, a gas processing facility

Venezuela

  • Various banks – project financing of the Petrozuata Project
  • Various banks – export credit agency and multilateral credit agency financing of the Comsigua Project, a hot briquetted iron plant

Awards & Community

Recognized as a New York Super Lawyer, 2006, 2007, 2016

Listed in Who's Who Legal - Project Finance, 2015

Recommended in The Legal 500 U.S., 2014

Selected by International Financial Law Review as one of the World's Leading Project Finance Attorneys, 2009

News

Publications, Speeches & Presentations