Overview

About Adam

Adam Walters practices in Stoel Rives’ Energy Development group. Adam is a seasoned transactional, commercial and project lawyer who has provided legal counsel to a variety of clients in the renewable energy, battery energy storage, wind, solar photovoltaic, telecommunications, manufacturing, water, and design and construction industries. He has broad U.S. and international transactional experience that includes EPC, O&M, equipment supply (WTG/BESS/PV), M&A, debt financings, project development, SaaS, intellectual property, solar and storage leases and power purchase agreements.

Before joining Stoel Rives, Adam spent 10 years in-house, where he held senior legal positions in publicly traded battery storage and solar industry giants Tesla, SolarCity and First Solar. Most recently he served as Deputy General Counsel of renewable water company SOURCE Global (formerly Zero Mass Water). Earlier in his career he worked at several U.S. and international law firms, including the Seattle office of Stoel Rives between 2008 and 2010.

Adam takes a practical, commercial and solutions-oriented approach to the structuring and negotiation of transactions. Clients appreciate his pragmatic and frank advice because no amount of risk mitigation in the transaction documents is of any use unless the deal actually closes. Having negotiated hundreds of deals in-house under tight deadlines and in order to meet quarterly or annual targets, Adam understands the pressure and sense of urgency under which in-house counsel typically operate in the renewable energy industry.

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Experience

Experience

  • Structured and negotiated the contracts for the 150 MW/193.5 MWh Hornsdale Power Reserve in South Australia on behalf of Tesla, Inc. Hornsdale was the largest battery in the world from its commissioning in December 2017 until 2020.
  • Negotiated the EPC, O&M, project finance and ancillary agreements for the $500 million, 153 MW Solar Flagships Projects in Australia on behalf of First Solar, Inc. At the time of their construction, the Nyngen and Broken Hill Solar projects were the two largest solar farms in the Southern Hemisphere.
  • Negotiated the EPC and O&M contracts for 2X 5MW/25MWh BESS in Slovenia for ELES as part of the EU’s Sincro.Grid project, the first large utility-scale batteries procured by a grid operator in the European Union.
  • Structured and negotiated the grant deed, loan facility and a dozen program agreements for a joint Tesla - South Australia Government program to finance and install a 250MW Virtual Powerplant (50,000 solar PV + Powerwall storage systems), that largest VPP in the world.
  • Negotiated and closed the contracts for the 25MW/50MWh Gannawarra Energy Storage System in Victoria, Australia.
  • Negotiated and closed the contracts for the 20MW/34MWh BESS for the Bulgana Green Power Hub Project in Victoria, Australia.
  • Negotiated the EPC and O&M contracts for a 25MW/52MWh renewable firming storage project in AU (undisclosed principle).
  • Advised on the contracts for the acquisition of the 4.2MW/7MWh BESS for the Kintetsu Railway System for backup power in Osaka Japan, a first of its kind commuter rail application at this scale.
  • Negotiated large ($20M+) energy transactions (EPC, O&M, equipment supply, SaaS, project financings and grid aggregation/virtual power plants) for Tesla, Inc., a worldwide provider of battery energy storage and solar power solutions.
  • Negotiated project M&A transactions (LOIs, APAs, MIPAs, etc.); negotiated and advised on commercial leases, PPAs, performance guarantees, net metering credit agreements and storage capacity and demand management service agreements for SolarCity, Inc., at the time the large residential and commercial solar company in the United States.
  • As a regional general counsel for First Solar in Asia Pacific, handled all legal matters in the region, including management of a small legal team and an emphasis on the negotiation and management of project development, EPC, O&M and solar module equipment supply transactions.
  • Managed commercial transactions and international corporate, new market entry and compliance for SOURCE Global, PBC (formerly Zero Mass Water, Inc.), a renewable water startup company.
  • While previously in private practice at Stoel Rives, drafted and negotiated project agreements for wind, solar, biomass, biofuels geothermal and hydro projects, acting on behalf of vertically integrated solar companies, IPPs, wind developers, EPC contractors, equipment suppliers and solar integrators.
  • Earlier in career, drafted and negotiated a wide variety of project agreements for major infrastructure projects, including toll roads, prisons, large commercial office buildings, a football stadium, a major port redevelopment and a national cellular network.
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