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Garret Farrelly

Partner

Dublin

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Garret Farrelly is "the best energy lawyer in the Irish market".

IFLR1000 2017

Expertise

Garret is a partner and head of both Matheson’s Energy and Natural Resources Group and Projects and Infrastructure Group. 

He advises on all aspects of projects and project financing, from PPPs to privately-financed electricity, oil, and gas field developments and privatisations as well as electricity, gas and telecommunications network infrastructure. Garret specialises in particular in the areas of electricity and gas market regulation and trading. Garret’s experience also includes project development, M&A and financing in the conventional and renewable electricity sectors as well as the mining and upstream / downstream oil and gas sectors. 

Garret is consistently listed as one of Ireland’s leading Energy lawyers, including in leading legal international directories such as Legal 500 and Chambers Europe.  He is a frequent speaker at energy and infrastructure conferences and regularly contributes articles to specialist publications.  Garret is listed in Energy Ireland’s "Who's Who in Irish Energy"  (Energy Ireland Yearbook 2017, 2018 and 2019).

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Experience Highlights

Energy and Natural Resources

Some of Garret’s more recent experience highlights include advising:

  • Seller and purchasers on the sale and / or acquisition of major energy and infrastructure assets in recent years, including over 3GW of electricity generating assets (of which over 1GW are renewable generators), Ireland’s only oil refinery at Whitegate and Ireland’s largest oil storage terminal at Bantry Bay in County Cork.
  • Sponsor and Lenders on over 2.5GW renewable and conventional power plants developments. This includes over 1GW of onshore wind farm developments since 2015.
  • Advising a State-backed investment fund on its funding of the acquisition of over 130MW of Irish wind generating facilities in advance of the first ever public listing of an Irish renewable energy investment vehicle.
  • EirGrid and SONI on all aspects of the I-SEM project which is the new wholesale electricity market arrangement for Ireland and Northern Ireland.  Matheson’s role involved drafting and advising on the new trading rules, the new capacity market code, the new grid code, the new trading rules for the day ahead and intraday markets in I-SEM as well as drafting amendments to EirGrid’s operational agreements necessitated by I-SEM.
  • Vermilion Energy Inc.’s acquisition (valued at over €1 billion) together with a Canadian pension fund of Shell’s interest in the Corrib gas project. We have advised Vermilion Energy Inc. since 2008 when they first invested in the Corrib gas project. We are also retained by major international players in the market such as CNOOC, ExxonMobil and Woodside Energy.
  • A large international conglomerate on the development of a 200MW Battery Energy Storage System project in the mid-west region of Ireland (this is the one of the largest projects of its kind in Europe).
  • A number of large multinational technology companies in relation to the drafting and negotiation of corporate power purchase agreements (the first to be announced in the Irish market) and on its renewable energy procurement strategy and trading structures and agreements.
  • A large multinational company on the sale of an energy supply company in respect of a 37MW Irish wind farm to a large international technology company, including the negotiation of a REFIT-subsidised corporate PPA (the first in the Irish market).
  • Partners Group (UK) Limited, a global private equity firm, on its acquisition of an interest in the Greenlink Interconnector, a project to construct a 500MW subsea electricity interconnector between Ireland and Great Britain.
  • Irving Oil on the acquisition of Tedcastles Oil Products Unlimited Company and its associated subsidiaries.
  • One of the largest Irish wind farm portfolio managers on various matters in connection with the introduction of the new wholesale electricity market arrangement for Ireland and Northern Ireland (I-SEM), including the re-drafting and negotiation of all of its existing PPAs and the structuring, development and drafting of a complex trade facilitation agreement in the context of I-SEM.
  • TRIG, a closed-ended investment fund, in relation to the Irish law aspects of its £300 million IPO, listing on the London Stock Exchange.  This was the largest flotation of a dedicated UK-based renewable energy company and raised £300 million, which is being used to acquire a 276 MW portfolio of 18 operational wind and solar parks in Ireland, the UK and France, from Renewable Energy Systems Limited and InfraRed Capital Partners.
  • One of the largest thermal generators in Ireland on a wide variety of matters, including interface with its lenders, trading agreements and a complex outsourcing agreement in respect of gas trading services.
  • One of the leading global mining companies in relation to their Irish assets.

Projects and Infrastructure

Some of Garret’s more recent experience highlights include advising:

  • the ACS Group (including Iridium Concessions and Dragados) on transport infrastructure projects (including PPPs) in Ireland.
  • CLH Aviación on all aspects of its successful tender for the design, build and operation of new aviation fuel terminal and pipeline infrastructure at Dublin Airport under a long term services concession agreement with airport operator daa plc.
  • A large international conglomerate on the development of a 200MW Battery Energy Storage System project in the mid-west region of Ireland (this is the one of the largest projects of its kind in Europe).
  • the National Broadband Ireland project company (backed by Granahan McCourt investments and other investors) on its successful bid to design, finance, build and operate a high speed broadband network serving over 1 million people across Ireland (one of the most ambitious and wide-reaching State-backed broadband interventions in the world).
  • General Electric Company on all of its Irish infrastructure and power assets, including over 300MW of wind generation and a large independent CCGT thermal generating station.
  • Partners Group (UK) Limited, a global private equity firm, on its acquisition of an interest in the Greenlink Interconnector, a project to construct a 500MW subsea electricity interconnector between Ireland and Great Britain.
  • Lenders to the largest ever higher education PPP undertaken by the Irish State. The TUD Grangegorman PPP acts as one of the centrepieces of the Government's policy of making Ireland's education and training service the best in Europe by 2026.
  • Hines on all of its Irish developments, including Cherrywood Town Centre, for which our lawyers recently advised on an €80 million financing from Wells Fargo Bank for the development of the TC2 residential plot at this project.  Our lawyers are working with Hines to deliver over €1.1 billion in residential construction in Dublin.
  • Oxley Holdings on its Dublin Landings and Connolly Quarter projects.  Dublin Landings comprises up to 10% of all of the development land available in the Dublin Docklands Strategic Development Zone.  The Connolly Quarter is an 82,000 square metre mixed use development at one of Dublin’s primary rail termini. Our work includes advising on construction, financing, leasing and sales for all elements of these projects.
  • John Sisk & Son on the development, construction, financing and restructuring of the Greystones Harbour PPP (and associated residential and commercial elements) with Wicklow County Council which was one of the largest and most complex mixed use development PPPs ever undertaken in Ireland.
  • Caterpillar Inc in relation to its tender to Irish Rail for the largest locomotive overhaul the State railway operator has undertaken in decades.
  • Vermilion Energy as the operator of the Corrib offshore gas field and terminal.  Our team has been closely involved in this project, Ireland’s largest offshore energy project to date, since its inception.
  • Numerous international sponsors, lenders, contractors and operators on Operational PPPs in the road, education, healthcare and justice sectors on an ongoing basis.
  • Irish and international lenders and sponsors on the project financing of over 800MW of renewable energy assets in Ireland over the past few years alone.
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Accolades

Garret Farrelly is named ‘Highly Regarded’
IFLR1000 2020

Garret Farrelly is named a leading individual.
Energy and Natural Resources: European Legal 500 2019

Garret Farrelly is described as “always approachable, contactable and prioritised helping and supporting our company”.
Energy and Natural Resources: Chambers Europe 2019

Garret Farrelly is one of the most impressive energy lawyers I have worked with, and my deals and role require me to work with lawyers from around the globe”.
Energy and Natural Resources: Chambers Europe 2018  

Garret Farrelly is "very professional with deep knowledge of the sector and provides prompt response."
IFLR1000 2019

Garret Farrelly is named a leading individual.
European Legal 500 2018

Garret Farrelly has "vast experience in the energy industry" and "very well-developed commercial skills".
European Legal 500 2018

Garret Farrelly is "very user-friendly, commercial and practical."
Chambers Europe 2018

Garret Farrelly is named a Highly Regarded Individual
IFLR1000 2018

Leading Energy Lawyer
Who's Who Legal 2017

Garret Farrelly is named a leading individual.
European Legal 500 2017

Garret Farrelly has "strong relationship management skills".
European Legal 500 2017

Garret Farrelly receives plaudits from clients for his "in-depth knowledge of the industry" and for "his excellent interpersonal and negotiating skills."
Chambers Europe 2017

Garret Farrelly is "the best energy lawyer in the Irish market". 
IFLR1000 2017

Garret Farrelly is named a leading lawyer.
IFLR1000 2017

Garret Farrelly is praised by clients for his “professionalism” and the way in which he can “cut through the complex legal matters” in order to help the client focus on the “core issues”.
Chambers Europe 2016

Clients say Garret Farrelly’s "technical knowledge and client service are exceptional. He is detail-oriented, and really takes ownership of projects.
Chambers Europe 2016

Energy and Natural Resources expert
Euromoney Expert Guides 2016

Garret Farrelly is recommended.
Energy and Natural Resources: European Legal 500 2015

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Education

University College Dublin (BCL)
Qualified as a Solicitor in England and Wales, 2012 (practising)

Related Practice Areas

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