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On March 20, 2025, Bahamas LNG Partner, Ltd. (a wholly-owned subsidiary of the Government of The Bahamas), signed agreements for the importation and regasification of LNG into The Bahamas. The LNG will be used to replace the island’s dependence on costly and environmentally harmful diesel fuel in power plants. This strategic shift aligns with the Government's goal to provide dependable, cleaner, and more affordable energy while reducing environmental impact.
The Hogan Lovells team played a crucial role in advising the Government of The Bahamas in these landmark transactions. Partner Dave Locascio led the team, with support from senior associate Daniel Garcia and associate Mariana Avendaño. Together, they assisted the Government in navigating the complex legal landscape to ensure a favorable outcome for the country.
In a related but separate transaction, The Bahamas Power and Light Company (BPL) and the Government of The Bahamas entered into a power purchase agreement (PPA) and a related transmission interconnection agreement with Energy Bahamas Holdings Limited, a company that will own the power plants powered by the imported LNG. These agreements are a critical step in advancing The Bahamas’ energy transformation, securing cleaner and more affordable power for the island of Providence in The Bahamas. The firm represented the Government of The Bahamas on this PPA transaction, with Miami OMP Jorge Diaz Silveira leading the team, supported by senior attorney Andres Chaves.
In addition to the LNG agreements, the firm is also advising the Government of The Bahamas with over a dozen PPA’s for microgrid projects located on New Providence and the Family Islands. These efforts are aimed at further diversifying the energy mix in The Bahamas, promoting renewable energy sources across the archipelago. Partner Brian Chappell and senior associate Mariana Amaral are leading the team in these PPA negotiations.
“These agreements represent a pivotal step in transforming The Bahamas’ energy landscape,” said partner Dave Locascio. “The introduction of LNG and solar energy will provide more sustainable, affordable power for the citizens of The Bahamas, and we are proud to be part of this critical transformation.”
Hogan Lovells' involvement in these groundbreaking energy deals underscores the firm’s leadership in advising on innovative energy and infrastructure projects globally, and reflects the continuation and expansion of a long-standing and important client relationship with the firm.