Overview
Carl J. Fleming is the global co-head of McDermott’s Energy & Project Finance Group, ranked by Chambers as one of the industry’s leading energy practices. He is a trusted legal, commercial, and strategic advisor whose principal areas of practice are energy, data centers, and infrastructure. He is also a sought-after policy advisor, having previously served as a direct advisor to the White House and now as a private sector appointed advisor to the Trump 47, Biden, Trump 45, and Obama White Houses.
Chambers lists Carl among the best individual energy lawyers in the United States, ranking him for Projects: Power & Renewables: Transactional. Clients reporting to Chambers state that “Carl is exceptionally attentive and proactive with clients.” He is also recognized by Legal 500 as a “Leading Lawyer” for Energy: Renewable/Alternative Power. Additionally, Super Lawyers ranks him as one of the “top 5% of attorneys” globally.
Carl and his Chambers-ranked team of more than 50 dedicated energy lawyers, one of the largest energy and infrastructure practices in the world, lead the industry’s most sophisticated and headline-grabbing transactions throughout the US and worldwide. Carl’s clients include leading energy developers, prominent data center developers, private equity funds, private credit funds, investment banks, and Fortune 500 companies.
Since the adoption of the Inflation Reduction Act of 2022 (IRA), Carl and his Energy & Project Finance Group have closed more than 200 post-IRA transactions, surpassing the rest of the industry. These include several “first-in-kind” hybrid tax equity investments, tax credit transfers, preferred equity investments, cash equity investments, and debt financings. They have also led several clients through the energy industry’s “grand re-think” of the finance markets post-IRA.
Carl’s work and thought leadership are often featured in leading publications such as The Wall Street Journal, The Financial Times, The Economist, Newsweek, Fast Company, The Washington Post, and Politico, among others. He is also frequently interviewed for his market insights by global media outlets such as Reuters, Forbes, Bloomberg, BBC, and others.
Carl is a frequent speaker and prominent author. He was selected by the White House to address the global delegation at the 29th Annual United Nations Climate Change Conference (COP29) and speaks throughout the US and internationally. He focuses on topics such as energy, digital infrastructure, and public policy. He has written, or contributed to the writing of, several books or chapters on project finance. He has lectured at Harvard University, the Georgetown University Law Center, the University of Pennsylvania, and American University.
Carl is based in McDermott’s Washington, DC, and New York offices. He works across our London, Paris, and Milan offices, among others.
Results
- APEX Clean Energy on numerous joint ventures, acquisitions, and divestitures throughout the US for its wind portfolio
- AES (formerly sPower) on its debt and tax equity financing for its 218 MW Prevailing Winds wind project, 80 MW Pioneer wind project, 60 MW Latigo wind project
- AES Distributed Energy in its acquisition of a significant portfolio of distributed solar and solar plus storage projects throughout the US
- Clearway Energy in the engineering, procurement and construction of its solar and solar plus storage portfolio throughout the US
- Scout Clean Energy on its debt and tax equity financing for its 300 MW Ranchero wind project, 160 MW Heart of Texas wind project and 130 MW Bitter Ridge wind project
- Novis Renewables on a suite of module procurement, inverter procurement, and EPC contracts for its portfolio of solar and solar plus storage projects
- Quinbrook Infrastructure Partners in its construction debt and tax equity financing of the 200 MW Persimmon Creek wind project*
- Algonquin Power & Utilities in the acquisition of a 51% interest in four wind farms totally 845 MW of capacity from RWE, two of which wind farms were operating and two were under development
- SunPower in a series of construction debt financings and tax equity financings for numerous solar projects financed by various leading investors*
- Sammons Renewable Energy in its acquisition and financing of the 238 MW Rio Bravo wind project*
- Sammons Renewable Energy in its acquisition and financing of the 163 MW Midway wind project*
- Sammons Renewable Energy in its acquisition of a 194 MW solar portfolio of operating projects*
- Origis Energy in the structuring and negotiation of a $500 million platform agreement with an international insurance company to provide funding for the development and sale of a portfolio of solar projects in the US*
- Emerging Capital Partners in connection with a $3.1 billion equity and debt financing for Africa’s leading African telecoms infrastructure business*
- Emerging Capital Partners in connection with a $1 billion equity fund raise investment in a leading African cell phone tower company*
- Emerging Capital Partners, along with its investment partners, on its sale of the leading private reinsurance company in Africa, with operations in more than 44 countries across the continent and offices in Nigeria, Cameroon, Botswana, Cote d’Ivoire, Kenya and Tunisia*
- Government of Tanzania in the implementation of a $698 million compact to improve the reliability and quality of its electric power and to extend its electricity service*
- Government of Ghana in the development of a $498 million compact to transform its power sector*
- Government of Malawi in the implementation of a $350 million compact to revitalize its power sector and improve the availability, reliability and quality of its power supply*
- Government of Liberia in the development of a $257 million compact to transform Liberia’s energy sector through electricity generation, electricity access and policy reform*
*Matter handled prior to joining McDermott.
Recognitions
- Chambers USA, Projects: Power & Renewables: Transactional, 2023-2024
- Legal 500 US, Energy: Renewable/Alternative Power, Leading Lawyer, 2023-2024
- Legal 500 Green Ambassadors: United States, Recognized, 2024
- District of Columbia Courts, Capital Pro Bono High Honor Roll, 2023
- JD Supra, Readers’ Choice Awards, Top Author – Energy, 2023
- Super Lawyers DC Rising Star, 2017
- Secretary of Commerce Renewable Energy and Energy Efficiency Advisory Committee, appointee
- White House Power Africa Working Group, member
Community
- Capitol Pro Bono High Honor Roll, member
- Empire State Counsel, member
Credentials
Education
Georgetown University Law Center, JD, 2005
University of Scranton, BS, 1999
Admissions
District of Columbia
New York