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Energy & Utilities

Linklaters advises Seven Energy International Limited on $445m senior debt facility

10 Jul 2015

Linklaters has advised Seven Energy International Limited as it entered into a senior debt facility totalling up to US$445m for Seven Energy’s indirect wholly-owned subsidiary, Accugas Limited. The facility, arranged by FBN Capital and FCMB Capital Markets, will be used to refinance Accugas’ existing project-finance and acquisition-finance senior debt facilities as well as to support additional medium-term capital requirements.

Linklaters advises Platinum Power on $854m hydro plant in Cameroon

10 Jul 2015

Linklaters is advising Platinum Power, a subsidiary of private equity firm Brookstone Partners, on plans to invest $854m in building a hydroeclectic plant in Cameroon. Platinum Power signed a framework public-private partnership agreement with the Cameroonian government this week to build a 400 megawatt capacity complex in Makay, in the country's Centre Region.

Construction of the new plant, whose electrical capacity represents 30% of the country’s current installed capacity, will begin in 2017 with completion set for 2020.

WFW successfully defends Winch Energy against Svicat

10 Jul 2015

Watson Farley & Williams (“WFW”) has successfully advised Winch Energy (“Winch”), a major energy company focusing on both free-standing and roof-mounted solar power generation, operating in the UK, France and Italy. The advice is in relation to a successful defence of a litigation proceeding commenced by Svicat Energy, an Italian company specialising in the production of photovoltaic plants.

Ashurst advises ERG Renew S.p.A. on the acquisition of a 63.4 MW wind portfolio in France

30 Jun 2015

Ashurst advises ERG Renew S.p.A., a major Italian wind energy operator and one of the leading wind companies in Europe, in the context of the acquisition of a 100% equity interest in four French companies owned by Macquarie European Infrastructure Fund (MEIF).

Through this transaction, ERG Renew takes a further step into the French wind market by acquiring six wind farms with a total capacity of 63.4 MW, which entered into operation between 2005 and 2008, and doubles its installed capacity from 64 MW to 127 MW.

Herbert Smith Freehills brings A$450 million Ararat wind farm to financial close

30 Jun 2015

Herbert Smith Freehills has advised the project company on reaching financial close for a 240MW wind farm to be developed at Ararat in west Victoria. The wind farm will have a capital value of approximately A$450 million and is expected to produce enough electricity for approximately 123,000 homes. A GE/Downer consortium is the Engineering Procurement and Construction (EPC) Contractor.

Ashurst advises Infinis on the acquisition of an 18.5MW onshore wind farm project from Peel Group

24 Jun 2015

Ashurst advised Infinis Energy plc, a leading independent generator of renewable power in the UK, on the acquisition of an 18.5MW consented onshore wind farm project from Peel Group.

The wind farm is sited on former surface mining land in Northumberland and neighbours the 8MW consented Sisters Wind Farm project developed by Infinis.  Both projects are at an advanced stage of pre-construction and will enable Infinis to secure grid connection, turbine procurement and further ongoing operational synergies. Infinis expects grid energisation for both projects in June 2016.

WFW advises PNE WIND on landmark UK wind portfolio sale

24 Jun 2015

Watson Farley & Williams (“WFW”) has advised international wind farm developer PNE WIND AG (“PNE WIND”) on the approximately £100 million sale of its entire UK wind farm project pipeline. The deal marks PNE WIND’s largest transaction since the sale of the 900MW ‘Gode Wind’ offshore wind projects in the German North Sea and is the most notable deal in the UK wind power market in 2015.

Norton Rose Fulbright advises project developer Eolsiponto on a 17.5 MW wind farm financing

23 Jun 2015

Norton Rose Fulbright has advised Eolsiponto S.r.l. on the financing for the development of a 17.5MW wind farm located in Manfredionia, Puglia Region of Italy. This project has been one of the few financing transactions in the wind sector in the last 12 months to have reached financial close under the terms of Italy’s revised renewable energy incentive tariff scheme. Cubico Sustainable Investment, one of the world’s leading investment companies in the renewable energy and water sectors, were sponsors of the project.