Natalie Etchells

Registered Foreign Lawyer* (*entitled to practice Foreign Law only)

Natalie advises funders and sponsors on all aspects of project development, including commercial contract negotiations and project financing.  

Natalie works across the deal cycle on development, acquisition, divestment, disposal and funding, with a focus on the energy and infrastructure projects in the offshore wind and energy transition sectors. During her time at the firm, Natalie has been seconded to Corio Generation Limited and has spent time at the firm’s offices in Paris and Perth, Western Australia. 


Representative matters

Northvolt on the financing for the expansion of its up to 60GWh world scale integrated battery manufacturing and recycling facility in Sweden.

A renewable energy company on the construction arrangements and sale (and related purchaser financing arrangements) of a 50% stake in the 605.2MW Greater Changhua 1 offshore wind project in Taiwan (which includes subsea transmission arrangements). Awarded “Asia-Pacific Deal of the Year” at PFI Awards 2022 and “Renewables & Energy Transition Asia-Pacific Deal of the Year” at IJ Investor Awards 2021.

Corio Generation Limited (secondee legal counsel) on all aspects of offshore wind project development, with a focus on early stage partnership, joint bidding, auction and M&A processes across a broad range of markets including the US, Brazil, Norway and the UK.

The lenders in relation to the financing of the acquisition of a 50% stake from a renewable energy company in the 1.3GW Hornsea Two Offshore Wind Farm. Winner of M&A Deal of the Year 2022, PFI 2023.

Published Work

  • In the matter of Coroin Ltd (sub nom Patrick Gerard Mckillen) v Misland (Cyprus) Investments Ltd & 7 ors [2013] EWCA Civ 78 - Allen & Overy LLP Litigation Review (September 2013).
  • The shareholder derivative action: an illusive procedure. Bamford v Harvey and Avro Heritage Ltd - Allen & Overy LLP Litigation Review (December 2012).
  • Shareholders and Insolvency: Soden v British and Commonwealth Holdings plc - International Corporate Rescue (2012) Volume 9, Issue 3



Admitted as a Solicitor (England and Wales), 2018

Registered Foreign Lawyer (Western Australia), 2019


Master of Laws, Durham University, 2012

Bachelor of Laws (Honours), Durham University, 2010

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.