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Energy & Utilities

HERBERT SMITH FREEHILLS ADVISES CHINA'S PANDA GREEN ON SALE OF SIX UK SOLAR FARMS

20 Mar 2019

Leading global law firm Herbert Smith Freehills has advised HKEX-listed Panda Green Energy Group on the disposal of six solar farms in the United Kingdom.

Panda Green Energy, formerly known as United Photovoltaics Group, is a leading eco-development solution provider. It is part of China Merchants Group, one of the largest Chinese state-owned enterprises.

CMS AD­VISES CHINESE EN­ERGY COM­PANY ON £676 MIL­LION H-SHARE IS­SU­ANCE

19 Mar 2019

CMS is advising Main Market listed Datang International Power Generation Co. Ltd. (DAT) on the admission to trading of new H-Shares to the standard listing segment of London’s Main Market. DAT is one of the largest independent power generation companies in the People’s Republic of China, covering 18 provinces, municipalities and autonomous regions across the country. At the closing price of an H-Share on London, the new H-Shares were valued at £676 million.

Covington Secures Victory for Naftogaz in Crimea Arbitration Against Russia

18 Mar 2019

WASHINGTON—Covington secured a major victory on behalf of Ukraine’s state-owned oil and gas company, NJSC Naftogaz of Ukraine, in an international arbitration against the Russian Federation. A tribunal sitting at the Permanent Court of Arbitration, in The Hague, concluded that Russia unlawfully expropriated Naftogaz’s assets in Crimea, in violation of Russia’s obligations under a bilateral investment treaty between Russia and Ukraine. Naftogaz’s assets have been valued at $US5 billion, plus interest.

Clifford Chance advises Solarpack on financing the La Granja solar project in Chile

18 Mar 2019

Clifford Chance has advised Solarpack Corporacion Tecnologica, S.A. (Solarpack) on arranging the financing for the development, construction and operation of a (photovoltaic) solar farm in the Atacama Desert in Chile. The total investment value for the "La Granja" project is around USD 114 million. KfW IPEX-Bank, which specialises in international project and export financing, provided most of the amount required in the form of a long-term loan facility.

Dentons advises China-based renewable energy leader Goldwind on its £21 million investment in UK solar business

15 Mar 2019

Edinburgh--Dentons has advised Beijing-headquartered Goldwind, one of the world's largest wind turbine manufacturers, in respect of its PS21 million subscription for shares in the capital of Oxford Photovoltaics Limited.

Goldwind is a world leading wind turbine technology and energy solutions provider, hailed as one of China's most innovative companies. It currently has over 31,000 operational wind turbines across six continents, and more than 50GW of installed wind capacity.

Hill Dickinson advises Great Bear Petroleum on US$49m sale to AIM-listed Pantheon Resources

15 Mar 2019

Hill Dickinson's corporate team has recently advised its client Great Bear Petroleum Operating LLC on the sale of its two wholly owned subsidiaries, Great Bear Petroleum Ventures I LLC and Great Bear Petroleum Ventures II LLC (Great Bear Companies), to AIM-listed Pantheon Resources PLC (Pantheon).

Hill Dickinson advises Great Bear Petroleum on US$49m sale to AIM-listed Pantheon Resources

15 Mar 2019

Hill Dickinson's corporate team has recently advised its client Great Bear Petroleum Operating LLC on the sale of its two wholly owned subsidiaries, Great Bear Petroleum Ventures I LLC and Great Bear Petroleum Ventures II LLC (Great Bear Companies), to AIM-listed Pantheon Resources PLC (Pantheon).

Hill Dickinson advises AIM-listed FastForward Innovations on £2m investment in European medical cannabis company EMMAC Life Sciences

15 Mar 2019

Hill Dickinson’s corporate team advised AIM-listed FastForward Innovations Limited (FFWD) on its recent investment of £2 million in EMMAC Life Sciences Limited (EMMAC), a company which is seeking to become one of the largest fully integrated medical cannabis companies in Europe.

FFWD has now completed two investments in the medicinal cannabis sector within the past 18 months and remains the only AIM-listed company to have completed an investment in this sector during that period.