Aaron Seong

Associate

New York + 1.212.326.3758

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Aaron Seong's practice centers on advising clients in energy and derivatives transactions and related regulatory matters.

Aaron advises commercial users, financial institutions, investors, data centers, developers, energy companies, energy marketers, government entities, and other market participants in renewable energy, traditional energy and other energy and environmental commodity and derivatives transactions, as well as related project finance and development. His experience includes renewable energy, natural gas, battery energy storage systems (BESS), physical and financial power purchase agreements (PPAs), secured hedges, repurchase transactions, carbon allowances, carbon credits, and methane capture projects. He also has advised financial institutions, investment funds, and corporations on negotiating and documenting equity derivatives transactions, such as accelerated share repurchases, prepaid variable share forwards, and total return swaps.

As part of his practice, Aaron also seeks to contribute to the development and improvement of industry standard transaction documentation. As a key member of the team engaged by the International Swaps and Derivatives Association (ISDA), Aaron was central to drafting the industry standard ISDA Global Financial Power Purchase Agreement (FPPA) Confirmation Template, the ISDA U.S. Renewable Energy Certificate (REC) Annex, and the ISDA EU Guarantee of Origin (GO) Annex.

Erfahrung

  • Brookfield executes Hydro Framework Agreement and power purchase agreements with GoogleJones Day advised Brookfield Asset Management and Brookfield Renewable (Brookfield) on first-of-its-kind Hydropower Framework Agreement (HFA) with Google to deliver up to 3,000 megawatts (MW) of carbon-free hydroelectric capacity across the United States – the world’s largest corporate clean power deal for hydroelectricity.
  • ISDA publishes Financial Power Purchase Agreement (FPPA) templateJones Day acted as counsel to the International Swaps and Derivatives Association (ISDA) in the drafting and publication of the ISDA Global Financial Power Purchase Agreement (FPPA) template to enable market participants to efficiently transact in FPPAs under the ISDA Master Agreement.
  • Fortune 100 company enters 15-year virtual power purchase agreement (VPPA) with global renewable energy developer for wind energy project in CanadaJones Day advised a Fortune 100 company in entering into a 15-year virtual power purchase agreement (VPPA) with a global renewable energy developer for a wind energy project in Canada with an expected capacity of over 130 MW.
  • Procter & Gamble signs 10-year VPPA with Renewable Power Capital for wind energy project in SwedenJones Day advised The Procter & Gamble Company (P&G) in entering into a 10-year virtual power purchase agreement (VPPA) with a subsidiary of renewable energy developer Renewable Power Capital (RPC) for a wind energy project in Sweden with an expected capacity of 140 MW.
  • Procter & Gamble enters into long-term VPPAs with EDP Renováveis, S.A. for two solar energy projects in ItalyJones Day advised The Procter & Gamble Company (P&G) in entering into long-term virtual power purchase agreements (VPPAs) with a subsidiary of renewable energy developer EDP Renováveis, S.A. (EDPR) for two solar energy projects in Italy with an aggregate capacity of around 110 MW.
  • Goldman Sachs enters into accelerated share repurchase agreement with GoDaddyJones Day represented Goldman Sachs & Co. LLC in entering into an accelerated share repurchase agreement (ASR) with GoDaddy Inc. (GoDaddy) for GoDaddy to purchase $375 million of its own shares.
  • Goldman Sachs enters into prepaid variable share forward transactions with clients of its Private Wealth Management and Global Markets divisionsJones Day represented Goldman Sachs & Co. LLC in prepaid variable share forward (PVSF) transactions entered into with clients of its Private Wealth Management and Global Markets divisions.
  • Goldman Sachs enters into accelerated share repurchase agreement with Victoria's SecretJones Day represented Goldman Sachs & Co. LLC in an accelerated share repurchase agreement (ASR) entered into with Victoria's Secret & Co. (Victoria's Secret).
  • Goldman Sachs enters into accelerated share repurchase agreement with FedEx CorporationJones Day represented Goldman Sachs & Co. LLC in an accelerated share repurchase agreement (ASR) entered into with FedEx Corporation.
  • Goldman Sachs enters into accelerated share repurchase agreement with LabCorpJones Day represented Goldman Sachs & Co. LLC in an accelerated share repurchase agreement (ASR) entered into with Laboratory Corporation of America Holdings (LabCorp).
  • BNP Paribas completes three-year total return equity swap agreement with JAB Holdings N.V.Jones Day advised BNP Paribas in connection with a three-year total return equity swap agreement with JAB Holdings N.V. (JAB Holdings) for up to 6.5 million shares of Krispy Kreme, Inc., one of JAB Holdings' portfolio companies.
  • Goldman Sachs enters into accelerated share repurchase agreement with Zions BankJones Day represented Goldman Sachs & Co. LLC in an accelerated share repurchase agreement (ASR) entered into with Zions Bancorporation, N.A. (Zions Bank).
  • Targa Resources Partners executes long-term power purchase agreement to enable financing of 160 MWac project to procure solar energy to advance its long term sustainability strategy to reduce emissions intensityJones Day advised Targa Resources Partners LP on a long-term power purchase agreement to source renewable electricity from Concho Valley Solar, LLC to enable financing of a 160 MWac project to provide solar energy to Targa’s natural gas processing infrastructure in the Permian Basin in West Texas to advance its long term sustainability strategy to reduce emissions intensity.
  • Goldman Sachs enters into accelerated share repurchase agreement with Silicon LabsJones Day represented Goldman Sachs & Co. LLC in an accelerated share repurchase agreement (ASR) entered into with Silicon Laboratories Inc. (Silicon Labs).
  • Procter & Gamble enters into two 15-year virtual power purchase agreements with EDPR for solar and wind energy in EUJones Day advised The Procter Gamble Company in entering into two 15-year virtual power purchase agreements (VPPAs) to purchase electricity and guarantees of origin (GOs) from solar and wind energy projects in the EU owned by a subsidiary of renewable energy developer EDP Renováveis, S.A. (EDPR).
  • ISDA publishes ISDA U.S. Renewable Energy Certificate AnnexJones Day advised the International Swaps and Derivatives Association, Inc. (ISDA) in the development of the ISDA U.S. Renewable Energy Certificate Annex (REC Annex) to enable market participants to efficiently sell and purchase renewable energy certificates (RECs) under the ISDA Master Agreement.
  • Procter & Gamble enters into long-term VPPA with ENGIE for Sun Valley solar energy projectJones Day advised The Procter & Gamble Company (P&G) in entering into a long-term virtual power purchase agreement (VPPA) for a solar energy project owned by ENGIE North America Inc., subsidiary of renewable energy developer Engie SA (Engie).
  • Major Indian pharmaceutical company resolves securities fraud class action relating to FDA warning letterJones Day resolved a class action lawsuit filed against a major Indian pharmaceutical company in federal court, alleging violations of the federal securities laws in connection with a warning letter issued by the U.S. Food and Drug Administration ("FDA") to the company.
  • SunPower closes sponsored spin-off of solar panel production operationsJones Day advised SunPower Corporation (NASDAQ: SPWR), one of North America's largest solar-panel makers, in a sponsored spin-off of its solar panel production operations into a new public company – Maxeon Solar Technologies – which will be headquartered in Singapore.
  • Global systemically important bank (GSIB) conducts risk assessment to determine impact of LIBOR transition on enterprise-wide portfoliosJones Day is advising a GSIB with respect to enterprise-wide portfolios impacted by the LIBOR transition, including conducting portfolio-wide risk impact assessments, analyzing various consumer products, and developing litigation contingency plans.
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    December 2025 Commentary

    ISDA Publishes EU Guarantee of Origin Annex

    August 2025 Commentary

    White House Releases Plan to Build U.S. AI Infrastructure

    January 2025 Alert

    Final Regulations Issued in Final Days of Congress: Clean Hydrogen Production Tax Credit

    December 2024 Commentary

    ISDA Publishes Financial Power Purchase Agreement (FPPA) Template

    May 2021 Commentary

    ISDA Publishes REC Annex

    April 2019 Jones Day Publications

    Supreme Court Declines to Review "Broad" Issue-Class Ruling in Toxic Tort Case

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