People

Simon Cowled specializes in cross-border energy M&A and project finance transactions. Simon leads our Corporate, Finance & Investments practice group in Asia and he co-heads our Global Power Practice.  He was formerly the deputy head of our Global Energy Practice.

For nearly 20 years, Simon has represented developers, sponsors, private equity investors, banks and governments on a wide range of energy and infrastructure matters.  He has particular experience in transactions involving power plants, renewables (solar, battery energy storage, wind, energy-from-waste and biodiesel), LNG and LNG-to-power, oil and gas, commodity trading joint ventures, telecommunications towers, rail infrastructure, hotels and resorts, and sporting stadiums, helping clients to close numerous “Project Finance Deal of the Year” and “M&A Deal of the Year” transactions. 

In the power sector, Simon has advised on 40+ project development, financing and M&A matters involving 50GW+ of capacity.  In the past 3 years alone, Simon advised on US$9+ bn of energy M&A deals involving 14GW of power capacity across 200+ power projects and 12 regional import terminals in 10 countries. 

Simon was named a “Most Valued Player” for energy matters by Law 360, the only lawyer outside of the United States to receive this recognition in 2017. Simon is also recognized as a leading practitioner for energy matters by Chambers GlobalIFLR and Expert Guides. Prior to joining King & Spalding, Simon practiced for a decade at Skadden, Arps, another leading international law firm.

Full Bio

Credentials

England and Wales

New South Wales

Spanish

Named a “Most Valued Player” for energy matters by Law 360, the only lawyer outside of the United States to receive this recognition in 2017


LAW 360

“Simon Cowled has a rising profile in this market, owing to his consistent performance on projects mandates. Clients attest to his high level of service and experience in power projects and complex M&A.”


CHAMBERS GLOBAL

Simon’s clients say he is “not only intellectually brilliant, but also a good communicator.”


LEGAL 500

Recommended practitioner, Energy & Natural Resources: International


CHAMBERS GLOBAL

Foreign Expert for Indonesia, Projects & Infrastructure


CHAMBERS GLOBAL

Rising Star Lawyer


IFLR1000’S ENERGY AND INFRASTRUCTURE GUIDE

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Recognition

Named a “Most Valued Player” for energy matters by Law 360, the only lawyer outside of the United States to receive this recognition in 2017


LAW 360

“Simon Cowled has a rising profile in this market, owing to his consistent performance on projects mandates. Clients attest to his high level of service and experience in power projects and complex M&A.”


CHAMBERS GLOBAL

Simon’s clients say he is “not only intellectually brilliant, but also a good communicator.”


LEGAL 500

Recommended practitioner, Energy & Natural Resources: International


CHAMBERS GLOBAL

Foreign Expert for Indonesia, Projects & Infrastructure


CHAMBERS GLOBAL

Rising Star Lawyer


IFLR1000’S ENERGY AND INFRASTRUCTURE GUIDE

Matters

Mergers and Acquisitions and Private Equity

AES Corporation in the auction sale of its 51% interest in the 990MW Masinloc power project and associated 30MW battery energy storage project in the Philippines to a subsidiary of San Miguel Corporation, including the negotiation of an associated co-sale by EGCO of its 49% stake to SMC, for a total enterprise value of US$2.4 billion.

A confidential purchaser on its proposed acquisition of Equis Energy’s renewable energy portfolio (180 assets comprising 11GW in operation, construction and development valued at US$5 billion), the world’s largest ever renewable M&A transaction.

See more
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Matters

Mergers and Acquisitions and Private Equity

AES Corporation in the auction sale of its 51% interest in the 990MW Masinloc power project and associated 30MW battery energy storage project in the Philippines to a subsidiary of San Miguel Corporation, including the negotiation of an associated co-sale by EGCO of its 49% stake to SMC, for a total enterprise value of US$2.4 billion.

A confidential purchaser on its proposed acquisition of Equis Energy’s renewable energy portfolio (180 assets comprising 11GW in operation, construction and development valued at US$5 billion), the world’s largest ever renewable M&A transaction.

A European commodity trader on its proposed acquisition of an equity stake in, and trading joint venture involving, a fuel import, distribution and retail business with 12 import terminals and 300+ retail stores.

Mitsui and Co., Ltd. in its part acquisition of Engie’s stake in PT Paiton Energy, Asia's first and Indonesia's largest IPP, resulting in Mitsui becoming Paiton’s largest shareholder and majority owner of its operator.

AES Corporation in its US$453 million auction sale of a 45% interest in its 630MW Masinloc power project in the Philippines to EGCO of Thailand.

China Huaneng Group in its US$1.1 billion acquisition of 50% of InterGen NV from the GMR Group—the largest cross-border India/China M&A transaction to date, awarded “International Energy Deal of the Year” and “Mergers and Acquisitions Deal of the Year (over US$1 billion)” by The Mergers and Acquisitions Advisor and “Infrastructure Deal of the Year” by India Business Law Journal.

PT Indosat Tbk in its auction sale and leaseback of 2,500 towers to Tower Bersama for US$519 million.

PT Paiton Energy in the sale of a minority stake to Saratoga Capital, Indonesia’s largest private equity firm.

AES Corporation in its purchase of IFC's stake in the Masinloc power project and associated back-to-back holding company share issuance to EGCO.

Standard Chartered Private Equity in its US$75 million note investment in Energy World Corporation (convertible into EWC’s LNG-to-Power project in the Philippines and exchangeable into EWC’s ASX-listed ordinary shares).

An Asian power company in its sell-down to Mitsui of an interest in a 53MW gas-fired project in Myanmar—the largest M&A transaction to date in Myanmar’s power sector.

Ashmore Energy International in a series of onshore and offshore acquisitions of PRC companies and associated establishment of Sino-foreign joint ventures in China’s downstream gas market involving 30+ city gas businesses.

A U.S. energy company in a proposed US$800 million voluntary general offer for a Hong Kong–listed energy company with operations in the People’s Republic of China.

A U.S. private equity firm in its investment in a 20MW solar project in Mindanao, Philippines.

A European oil company in negotiations for the establishment of a joint venture with Temasek for a US$750 million biodiesel facility.

A U.S. investment bank in its proposed equity investment in, and purchase of secured notes from, the developer of a US$1.5 billion hotel and resort development in Vietnam.

Project Development and Project Finance

Mitsubishi Corp., JERA Inc., PJB and Rukun Raharja in their bid and financing arrangements for the 1,600MW Jawa 1 LNG-to-Power project in Indonesia.

AES Corporation in the development and financing of its US$700 million expansion of its Masinloc project in the Philippines to a 990MW facility.

PT Paiton Energy in the development and financing of the US$1.5 billion Paiton III power project in Indonesia, awarded “Project Finance Deal of the Year” at the IFLR’s Asian Awards, by Asian-Counsel magazine and by Euromoney.

A confidential borrower on the debt restructuring of 400MW of small-scale gas-fired power projects in Southeast Asia.

AES Corporation on the proposed acquisition and development of a 2x112.5MW power project and a bid for a 2x300MW mine-mouth power project in Indonesia.

AES Corporation in its US$500 million refinancing of the 660MW Masinloc Power Project in the Philippines.

An Asian power company in a US$270 million refinancing, awarded “Best Structured Trade Finance Solution” by The Asset.

Wynn Resorts (Macau) S.A. in a US$2.3 billion dual currency-secured credit facility to refinance its existing indebtedness and to fund the US$4 billion Wynn Cotai casino resort in Macau.

A U.S. private equity firm on the development of a proposed 1,000MW utility-scale solar project in Malaysia.

SunEdison and Aboitiz Power Corporation on the development of a 59MW solar project in the Philippines.

An international consortium in its bid and financing arrangements for the 1,800MW Sumsel 9 and 10 coal-fired, mine-mouth power projects in South Sumatra, Indonesia.

International Power plc / GDF Suez and Mitsui and Co., Ltd. in their bid and firm financing commitments for the 2,000MW Central Java power project in Indonesia.

Mirant Corporation on its US$700 million portfolio refinancing of its Philippine power generation assets and associated asset sales.

Credit Suisse as lead arranger for a proposed US$4 billion integrated resort and casino in Singapore.

Babcock and Brown on the acquisition, development and financing of a 130MW coal fired power station and a 140MW wind power project in Australia.

Waste Service NSW on a waste-to-energy PPP in Australia with a 175,000 tpa capacity—the largest to date in the Southern Hemisphere.

New South Wales State Government on several rail industry restructures.

Insights

Article · Source: Project Finance International Magazine

November 17, 2017
Adjusting to a New Market in Asia Pacific

Article · Source: Inframation News

November 2, 2017
Case Study: Taiwan's First Offshore Wind Project

View all

Matters

Mergers and Acquisitions and Private Equity

AES Corporation in the auction sale of its 51% interest in the 990MW Masinloc power project and associated 30MW battery energy storage project in the Philippines to a subsidiary of San Miguel Corporation, including the negotiation of an associated co-sale by EGCO of its 49% stake to SMC, for a total enterprise value of US$2.4 billion.

A confidential purchaser on its proposed acquisition of Equis Energy’s renewable energy portfolio (180 assets comprising 11GW in operation, construction and development valued at US$5 billion), the world’s largest ever renewable M&A transaction.

See more
Icon close

Close

Matters

Mergers and Acquisitions and Private Equity

AES Corporation in the auction sale of its 51% interest in the 990MW Masinloc power project and associated 30MW battery energy storage project in the Philippines to a subsidiary of San Miguel Corporation, including the negotiation of an associated co-sale by EGCO of its 49% stake to SMC, for a total enterprise value of US$2.4 billion.

A confidential purchaser on its proposed acquisition of Equis Energy’s renewable energy portfolio (180 assets comprising 11GW in operation, construction and development valued at US$5 billion), the world’s largest ever renewable M&A transaction.

A European commodity trader on its proposed acquisition of an equity stake in, and trading joint venture involving, a fuel import, distribution and retail business with 12 import terminals and 300+ retail stores.

Mitsui and Co., Ltd. in its part acquisition of Engie’s stake in PT Paiton Energy, Asia's first and Indonesia's largest IPP, resulting in Mitsui becoming Paiton’s largest shareholder and majority owner of its operator.

AES Corporation in its US$453 million auction sale of a 45% interest in its 630MW Masinloc power project in the Philippines to EGCO of Thailand.

China Huaneng Group in its US$1.1 billion acquisition of 50% of InterGen NV from the GMR Group—the largest cross-border India/China M&A transaction to date, awarded “International Energy Deal of the Year” and “Mergers and Acquisitions Deal of the Year (over US$1 billion)” by The Mergers and Acquisitions Advisor and “Infrastructure Deal of the Year” by India Business Law Journal.

PT Indosat Tbk in its auction sale and leaseback of 2,500 towers to Tower Bersama for US$519 million.

PT Paiton Energy in the sale of a minority stake to Saratoga Capital, Indonesia’s largest private equity firm.

AES Corporation in its purchase of IFC's stake in the Masinloc power project and associated back-to-back holding company share issuance to EGCO.

Standard Chartered Private Equity in its US$75 million note investment in Energy World Corporation (convertible into EWC’s LNG-to-Power project in the Philippines and exchangeable into EWC’s ASX-listed ordinary shares).

An Asian power company in its sell-down to Mitsui of an interest in a 53MW gas-fired project in Myanmar—the largest M&A transaction to date in Myanmar’s power sector.

Ashmore Energy International in a series of onshore and offshore acquisitions of PRC companies and associated establishment of Sino-foreign joint ventures in China’s downstream gas market involving 30+ city gas businesses.

A U.S. energy company in a proposed US$800 million voluntary general offer for a Hong Kong–listed energy company with operations in the People’s Republic of China.

A U.S. private equity firm in its investment in a 20MW solar project in Mindanao, Philippines.

A European oil company in negotiations for the establishment of a joint venture with Temasek for a US$750 million biodiesel facility.

A U.S. investment bank in its proposed equity investment in, and purchase of secured notes from, the developer of a US$1.5 billion hotel and resort development in Vietnam.

Project Development and Project Finance

Mitsubishi Corp., JERA Inc., PJB and Rukun Raharja in their bid and financing arrangements for the 1,600MW Jawa 1 LNG-to-Power project in Indonesia.

AES Corporation in the development and financing of its US$700 million expansion of its Masinloc project in the Philippines to a 990MW facility.

PT Paiton Energy in the development and financing of the US$1.5 billion Paiton III power project in Indonesia, awarded “Project Finance Deal of the Year” at the IFLR’s Asian Awards, by Asian-Counsel magazine and by Euromoney.

A confidential borrower on the debt restructuring of 400MW of small-scale gas-fired power projects in Southeast Asia.

AES Corporation on the proposed acquisition and development of a 2x112.5MW power project and a bid for a 2x300MW mine-mouth power project in Indonesia.

AES Corporation in its US$500 million refinancing of the 660MW Masinloc Power Project in the Philippines.

An Asian power company in a US$270 million refinancing, awarded “Best Structured Trade Finance Solution” by The Asset.

Wynn Resorts (Macau) S.A. in a US$2.3 billion dual currency-secured credit facility to refinance its existing indebtedness and to fund the US$4 billion Wynn Cotai casino resort in Macau.

A U.S. private equity firm on the development of a proposed 1,000MW utility-scale solar project in Malaysia.

SunEdison and Aboitiz Power Corporation on the development of a 59MW solar project in the Philippines.

An international consortium in its bid and financing arrangements for the 1,800MW Sumsel 9 and 10 coal-fired, mine-mouth power projects in South Sumatra, Indonesia.

International Power plc / GDF Suez and Mitsui and Co., Ltd. in their bid and firm financing commitments for the 2,000MW Central Java power project in Indonesia.

Mirant Corporation on its US$700 million portfolio refinancing of its Philippine power generation assets and associated asset sales.

Credit Suisse as lead arranger for a proposed US$4 billion integrated resort and casino in Singapore.

Babcock and Brown on the acquisition, development and financing of a 130MW coal fired power station and a 140MW wind power project in Australia.

Waste Service NSW on a waste-to-energy PPP in Australia with a 175,000 tpa capacity—the largest to date in the Southern Hemisphere.

New South Wales State Government on several rail industry restructures.

Insights

Article · Source: Project Finance International Magazine

November 17, 2017
Adjusting to a New Market in Asia Pacific

Article · Source: Inframation News

November 2, 2017
Case Study: Taiwan's First Offshore Wind Project

View all

Credentials

England and Wales

New South Wales

Spanish

Named a “Most Valued Player” for energy matters by Law 360, the only lawyer outside of the United States to receive this recognition in 2017


LAW 360

“Simon Cowled has a rising profile in this market, owing to his consistent performance on projects mandates. Clients attest to his high level of service and experience in power projects and complex M&A.”


CHAMBERS GLOBAL

Simon’s clients say he is “not only intellectually brilliant, but also a good communicator.”


LEGAL 500

Recommended practitioner, Energy & Natural Resources: International


CHAMBERS GLOBAL

Foreign Expert for Indonesia, Projects & Infrastructure


CHAMBERS GLOBAL

Rising Star Lawyer


IFLR1000’S ENERGY AND INFRASTRUCTURE GUIDE

Icon close

Close

Recognition

Named a “Most Valued Player” for energy matters by Law 360, the only lawyer outside of the United States to receive this recognition in 2017


LAW 360

“Simon Cowled has a rising profile in this market, owing to his consistent performance on projects mandates. Clients attest to his high level of service and experience in power projects and complex M&A.”


CHAMBERS GLOBAL

Simon’s clients say he is “not only intellectually brilliant, but also a good communicator.”


LEGAL 500

Recommended practitioner, Energy & Natural Resources: International


CHAMBERS GLOBAL

Foreign Expert for Indonesia, Projects & Infrastructure


CHAMBERS GLOBAL

Rising Star Lawyer


IFLR1000’S ENERGY AND INFRASTRUCTURE GUIDE