Linklaters advise on the structuring and financing of the largest solar power plant in Europe
Several Linklaters teams advise on the structuring and financing of the largest solar power plant in Europe, located in Cestas, near Bordeaux
Several Linklaters teams advise on the structuring and financing of the largest solar power plant in Europe, located in Cestas, near Bordeaux
De Brauw Blackstone Westbroek has advised SBM Offshore on reaching an out-of-court settlement ex Article 74 of the Dutch Criminal Code with the Dutch Public Prosecutor’s Service (Openbaar Ministerie) over the inquiry into alleged improper payments.
Furthermore, the United States Department of Justice has informed SBM Offshore that it is not prosecuting the company and has closed its inquiry into the matter.
Click here to read SBM Offshore’s press release.
CMS has advised SSE plc (“SSE”) on the completion of a sale to Equitix Infrastructure 3 Limited (“Equitix”), of its 100% equity interest in the special purpose entities (SPEs) established in England under the Private Finance Initiative, for the delivery of seven street lighting projects.
The SPEs are funded through a mix of senior debt and equity, and the removal of this project-related senior debt, along with the cash consideration of £97.5m, will have the immediate effect of reducing SSE’s net debt by £326.4m.
Slaughter and May advised Lincs Wind Farm Limited (a joint venture between Centrica, DONG Energy and Siemens Project Ventures) on the disposal of the offshore transmission assets relating to the Lincs Wind Farm to TC Lincs OFTO Limited.
The Lincs Wind Farm is a 270MW wind farm sited 8 kilometres off Skegness on the east coast of England.
The final transfer value for the assets, as determined by OfGEM pursuant to its cost assessment process, was £307.7 million.
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Dr. Thorsten Kuthe, Partner at the Cologne office of commercial law firm Heuking Kühn Lüer Wojtek, led a team to legally advise Deutsche Oel und Gas group (DOG) on issuing a corporate bond.
The subscription period for the total of 100,000 partial debentures started on November 7, 2014 and is expected to end on January 15, 2015. Interest yield is 4.75 percent annually. The issuer aims at generating proceeds of EUR 100 million.
Linklaters has advised the Allianz Renewable Energy Fund on its purchase of the two photovoltaic ground mounted parks Green Tower II und III. The plants are located on the former military airbase Preschen in Jocksdorf, Brandenburg, and have a total capacity of around 55 MW. The project can produce eco-friendly electricity sufficient for approx. 12,000 four-person households per year. The solar parks were formerly owned by AB Unternehmensberatung & Beteiligungsgesellschaft mbH.
Eversheds has advised Scatec, a leading solar energy provider, on a joint venture to construct and operate three solar energy projects in Jordan.
The projects will be developed jointly by Norwegian company Scatec Solar and its Jordanian partners, Quest Energy Investment LLC, European Jordanian Renewable Energy Projects LLC and Greenland Alternative Energy LLC. Scatec Solar will construct the plants and in addition provide operation and maintenance services when the plants are finalised and in operation.
Houthoff Buruma advised Petrogas International E&P Co-operatief U.A. on the purchase of all the outstanding shares of Chevron Exploration and Production Netherlands B.V. (CEPN) from Chevron Netherlands Holdings B.V. Following the transition CEPN will be renamed Petrogas E&P Netherlands B.V. which will continue operations of its current assets and will develop over time a portfolio of exploration and development assets in the Netherlands.
Houthoff Buruma team included: Jacques Kröner, Maarten Blom, Marc van Beuge
Göteborg Energi and DONG Energy have agreed to divest FordonsGas Sverige AB to French Air Liquide. The sale is part of Göteborg Energi and DONG Energy’s respective decisions to focus on their core businesses. The transaction is expected to be completed in December 2014.
We advised E.ON and Fortum on the EUR 510 million sale of their shareholdings (20% and 31%, respectively) in Gasum (the Finnish gas company) to the Finnish State.
Established in 1994, Gasum is a Finnish company that is a diverse service provider for Finnish energy producers, homes and industries and offers environmental solutions for transport. The Gasum Group’s net sales totalled EUR 1,281 million in 2012. Gasum has three business units: Energy Trade, Transmission Services and Energy Services.