Craig Nethercott, JP Sweny, Louise Crawford
January 24, 2026
Latham Collaborates on Landmark Open Solar Contracts Initiative
1 min
AI-made summary
- Latham & Watkins has partnered with the International Renewable Energy Agency, the Terrawatt Initiative, and other experts on the Open Solar Contracts Initiative, which aims to create standardized, freely available legal agreements to streamline global solar power transactions
- The project supports the Paris Climate Agreement and Sustainable Development Goals by reducing transaction costs, shortening project timelines, and promoting balanced risk allocation
- Latham contributed pro bono legal expertise, with its London project finance team leading the effort.
Latham & Watkins has collaborated with the International Renewable Energy Agency (IRENA), the Terrawatt Initiative (TWI), and other leading experts on the Open Solar Contracts Initiative, a groundbreaking project to create freely available, standardized legal agreements to reduce the complexity and increase the efficiency of solar power transactions globally. Developed in line with the objectives of the Paris Climate Agreement and Sustainable Development Goals to accelerate the deployment of solar power worldwide, the initiative focuses on decreasing transaction costs, shortening project development timelines, and facilitating balanced risk allocation. Commenting, JP Sweny, project finance counsel in Latham’s London office, said: “We are honored to have collaborated with IRENA, Terrawatt, and other industry specialists including many of our clients to help support the rapid growth of solar energy worldwide. This initiative has involved a significant investment of time by the project finance team in London and we look forward to continue working with industry participants on its ongoing implementation.” Latham, along with other law firms, technical advisers, developers, ECAs, and other renewable energy market participants, assisted with drafting and reviewing the solar contract documentation on a pro bono basis. The firm’s team was led by partner Craig Nethercott and counsel JP Sweny with Louise Crawford and other London associates.~~
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Craig Nethercott, JP Sweny, Louise Crawford
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