Hermenegildo Altozano is a partner of Bird & Bird and leads the firm's Energy, Natural Resources and Infrastructure practice in Spain. He specializes in energy matters, he regularly advises on projects and operations both in Spain and Latin America and has extensive experience in investment protection and arbitration in Latin America. Hermenegildo joined Bird & Bird from Hogan Lovells, where he was head of the Energy and Natural Resources Group in Spain. Previously he was a partner in the energy area of Eversheds. Between 1994 and 1996 he was a visiting attorney at Bracewell's Houston office where he specialized in energy and natural resources and investments in Latin America.
Hermenegildo Altozano is considered by the main international directories (Chambers & Partners) as one of the main lawyers in the energy sector in Spain (Band 1).
He was part of the legal team which designed the rules governing the electricity market in Spain in 1997. He also advised private investors in conflicts relating to the energy industry in the Dominican Republic, Nicaragua and Cuba.
He is co-director of the Energy and Regulation Forum at the Fundación para la Investigación sobre el Derecho y la Empresa (FIDE) and has been director of the Higher Program in Energy Law at the Instituto de Empresa (Madrid) and associate professor of Private International Law at the Universidad Francisco de Vitoria (Madrid). Hermenegildo regularly participates in the program La Tertulia Capital on Capital Radio (103.2 FM).
He has received from International Law Office the recognition as the best energy lawyer in Spain (Client Choice Award) in the years 2010, 2011, 2012, 2013, 2014, 2015 and 2017. He has also been chosen as Lawyer of the Year 2012 and 2016 by Best Lawyers in the Natural Resources sector.
PPAs are an ever-changing and ever-evolving beast with no two agreements ever being the same. This is especially evident during the current market volatility of increased and changing power prices. Many PPAs are long-term fixed price deals, meaning offtakers don’t pay extra when energy prices increase which can further squeeze asset owners’ margins.
Despite high prices, corporate PPAs are still in high demand as offtakers want secure, long-term, cheap energy – find out how to best position yourself to optimise returns in this new market.