Latham Advises TotalEnergies in US$2.2 Billion Joint Venture With Masdar

Latham & Watkins has advised TotalEnergies, a global integrated multi-energy company, in a joint venture (JV) with Abu Dhabi Future Energy Company PJSC – Masdar, a global clean energy leader. TotalEnergies and Masdar signed a binding agreement to establish a US$2.2 billion 50/50 JV that will merge their onshore renewable activities in nine countries across Asia. As electricity demand accelerates across Asia, this partnership brings together capital and expertise to deliver renewable energy at the scale and speed required. 

The Latham team was led by London partners Beatrice Lo and Ed Barnett, with associates Stuart McRobbie and Vladislav Vasiliev. Advice was provided on tax matters by Paris partner Olivia Rauch-Ravisé, with associate Hugo Matricon; on antitrust matters by Paris partner Adrien Giraud, with associate Marion Penloup; on data and technology matters by London partner Christian McDermott, with associate Komal Shemar; on employment/pensions matters by London counsel Shaun Thompson; on projects matters by London counsel Evelyne Girio, with associate Daniel Chen; and on UAE matters by Dubai partners Eyad Latif and Omar Maayeh, with associate Sammy Lockhart.