Patrick Wallace

Partner

London

T +44 20 7825 3082
M +44 7712 085 293
patrick.wallace@simmons-simmons.com

General Experience

Patrick is an energy and infrastructure partner with thirty years of power, oil and gas and infrastructure experience. He regularly advises investment funds, developers, energy companies, governments and lenders. He acts on a wide range of transactions, covering project development and financing, joint ventures, private M&A, privatisations, commercial contracts and trading and regulatory work. He has a broad-ranging practice practice in the UK, Western Europe and in emerging markets in Eastern Europe, Asia and Africa and he speaks fluent English, French and German.

Patrick is regularly named by directories as a leading energy and infrastructure lawyer. Legal 500 has described him as "a very well-respected all-rounder" who is “noted for his ‘high level of expertise'" and is "a great asset in difficult negotiations". Chambers has said he is "very hands-on" and "clearly excellent and knowledgeable", that he "is technically good and sound, and commercially sensible but robust" and “comes recommended for his ability to propose very intelligent solutions for resolving complicated legal issues".

Alongside a busy transactional practice, Patrick teaches electricity, oil and gas law as a Visiting Professor of law at King’s College London.

Patrick’s power sector expertise includes thermal, nuclear, renewables and hydro generation, and also covers transmission, supply, distribution, emissions trading, battery storage and corporate PPAs. He was heavily involved in establishing the UK power market at privatisation and in its subsequent reform; and he has worked on many major power projects and acquisitions in the UK, mainland Europe, Africa and Asia since the early 1990s. These include Dabhol in India, Uch in Pakistan, Paiton 2 in Indonesia, Trakya in Turkey, Kribi in Cameroon and many major UK power deals including TXU, Midland Electricity, Teesside and Cottam DC.

Patrick's oil and gas experience includes many major pipelines, such as the Nabucco gas pipeline and the Kenyan crude oil pipeline projects; LNG transactions, refineries, supply contracts, and oil and gas acquisitions.

Patrick has also been involved in many large projects in the infrastructure, transport, public services, defence and other sectors, both internationally and under the UK’s private finance initiative and public private partnership programmes. He has also worked on a number of mining and water sector transactions.

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Recent Work
  • renewables projects: advising on the development and sale of wind and solar projects in the UK and internationally; recently advised on the innovative power purchase and electricity hedging agreements on the award winning Markbygden project in Sweden - Europe’s largest onshore wind project
  • African power projects: project counsel on Dibamba and Kribi, the first project financed independent power projects in Cameroon
  • UK power projects: advised a consortium of energy companies on a proposed 500MW gas fired power station near Milford Haven in the UK
  • major pipeline projects: project counsel for eight years on the proposed Nabucco gas pipeline project from Turkey to Austria; advising on crude oil pipelines in Kenya, Uganda and Tanzania; advising on Southstream Nortdstream and the Greece Bulgaria interconnector
  • nuclear power: advised on the development of the proposed Visaginas/Ignalina nuclear power project in Lithuania, advised a bidder on the UAE's nuclear power programme and on new nuclear power stations in the UK.
Background

Patrick holds law degrees from London, Paris and Harvard Universities. He has served as a member of the firm’s board and head of its Africa practice. Before joining Simmons & Simmons in 2007, Patrick spent over 20 years at a leading international law firm, including a period as managing partner of its Frankfurt office.