Linklaters provided extensive financing advice to the project company Nordsee One GmbH operating the offshore wind farm Nordsee One, with an investment volume of EUR 1.2 billion. The project sponsors, Northland Power Inc. and RWE Innogy GmbH, Essen, announced today that the financial close has been reached and the full financing necessary for the project (equity and debt) has been placed. Northland holds an 85-percent share in the offshore wind farm, and RWE holds the remaining 15 percent.

DLA Piper is advising Tidal Lagoon Power, an organisation specialising in renewable energy, on plans to deliver the UK's first full-scale tidal lagoon project between Cardiff and Newport, having also advised the developer on its first project at Swansea Bay.

The Swansea Bay Tidal Lagoon project is a scheme developed to establish a scalable blueprint for the sector, on which DLA Piper advised. If planning permission is granted, the next site at Cardiff will be the UK’s first full-scale tidal lagoon power plant, generating power for approximately 14 hours each day.

Fortum and a consortium consisting of the First Swedish National Pension Fund (12.5%), the Third Swedish National Pension Fund (20%) and Folksam (17.5%) as well as the international infrastructure investment company, Borealis Infrastructure Management Inc. (50%) signed a purchase agreement in respect of Fortum Distribution AB, a company which constitutes Fortum’s electricity network operation in Sweden.

Shandong Laiwu Jinlei Wind Power Technology Co., Ltd. initial public offerings and the project of listing on the Growth Enterprise Market were successfully approved by Issuance Examination Committee of CSRC. Mr. Fang Litang (Executive vice-president of Deheng Law Group, senior partner), Mr. Guo Fangjin (consultant of DHH), and Mr. Zhang Miaojing (consultant of DHH) provided professional legal service for the company, and widely gained recognition.

A/S Haahr Benzin has sold its 43 unmanned service stations to Danske PN ApS, which is a part of the German Mabanaft Group.

The Haahr Benzin Group has since 2007 built up a network of 43 unmanned service stations under the brand ’Haahr Benzin’, which have been strategically located throughout Denmark.

The owner of the Haahr Benzin Group, Managing Director Olaf Haahr, wished to sell his network of service stations to a potential buyer who could run and develop the network under the Haahr brand.

Watson Farley & Williams (“WFW”) has advised Solea AG, a leader in the construction of photovoltaic power plants, in the negotiation and drafting of the contracts for the construction and maintenance of a 6.24W solar power plant situated near Swansea, United Kingdom.

WFW also advised on the negotiation and drafting of a pledge on the shares of the project company and the related due diligence activity for the authorization, regulatory and real estate aspects in connection to the solar power plant park.

Cadwalader, Wickersham & Taft LLP has advised Suchuang Gas Corporation Limited (“Suchuang Gas”) regarding Hong Kong law on the US$54 million initial public offering of shares listed on the Hong Kong Stock Exchange, underwritten by BNP Paribas, Haitong International and CIMB. Suchuang Gas is the dominant piped natural gas operator in Taicang in Jiangsu Province, China.

The Cadwalader team was led by capital markets partners Joseph Lee and David Neuville, and included associates Eugene Gu, Claudia Yiu, Christopher Ma and Anny Cheng, all based in Hong Kong.

Africa Oil has issued shares in a private placement of USD 125 million

Africa Oil Corp. announced on 12 and 13 February 2015 a private placement of USD 125 million. In connection with the private placement, the company published an admission to trading prospectus on 20 February 2015 regarding the new shares. The company issued a total amount of 57,020,270 new shares in the private placement, the completion of which was announced on 23 February 2015.

Taylor Wessing has advised the sellers of AlertMe, the UK-based Internet of Things company, on the sale of the business to British Gas for £65 million.

The financing of the Dea Group is being restructured as part of the sale of RWE Dea AG by RWE AG to LetterOne. The central component of this new financing structure is an oil and gas reserve-based acquisition loan agreement (reserve based lending facility agreement).

A team from CMS in Germany and the UK headed by lead partner Dr Thomas de la Motte advised RWE Dea AG as the target company on all aspects of the new financing structure.