No image available

Jonathan Carmichael


Jonathan specialises in all aspects of infrastructure and project finance. 
He has a wide range of experience advising sponsors, project companies, lenders and export credit agencies on project finance transactions.


Representative matters

Northvolt on the 5 billion dollar expansion of its lithium-ion battery gigafactory in Sweden, representing the largest green loan raised in Europe to date.

The equity bridge lenders on the world's first giga-scale hydrogen and green steel project in Europe.

Sembcorp/Jinko Power as sponsors to the project financing of the Manah solar project in the Sultanate of Oman.

Carlyle Group and a leading sovereign wealth fund on their investment in Eneus Energy, a developer of green ammonia and green hydrogen projects in the UK and US.

The ECAs and lenders on the STAR refinery project in Turkey.

A&O Shearman was formed on May 1, 2024 by the combination of Shearman & Sterling LLP and Allen & Overy LLP and their respective affiliates (the legacy firms). Any matters referred to above may include matters undertaken by one or more of the legacy firms rather than A&O Shearman.