Borenius advised Vartinoja I Ky and its sponsors in financing of a wind power park to be constructed in Siikajoki, Finland. The wind park will comprise nine turbines each capable of producing the power of approximately 2,7 MW. The value of the aggregate investment is about 42 million euros.

LähiTapiola (through its wind power fund Tuulitapiola Ky) and TuuliSaimaa Oy are the sponsors of the Vartinoja I Ky fund.

Ashurst is advising Dyas UK Limited in relation to its acquisition of a ten per cent interest in the Catcher oil and gas assets in the UK North Sea from UK listed Cairn Energy. The acquisition has an effective date of 1 January 2014, and Dyas is paying for the asset by funding Cairn's exploration and development costs in respect of the licences up to a cap of US$182m.

Slaughter and May advised the UK Department of Energy & Climate Change (DECC) in relation to the European Commission’s State aid investigation into proposed measures to support EDF Energy’s investment in the construction of a new nuclear power station at Hinkley Point C in Somerset. The European Commission announced on 8 October 2014 that it had formally approved the State aid package, including a Contract for Difference and State guarantee.

CMS Cameron McKenna in Kyiv has acted for major oil company Tatneft in relation to an international investment arbitration against Ukraine over what was perceived as an illegal takeover of the oil refinery Ukrtatnafta in 2007. The arbitral tribunal constituted under 1976 UNCTIRAL Arbitration Rules awarded $112 million in damages following the decision that Ukraine had acted unlawfully.

Herbert Smith Freehills is pleased to announce that its client, EDF, has moved one step closer to finalising arrangements to build a new nuclear power station at Hinkley Point C in Somerset. Following a rigorous 12-month long investigation led by European Commission Vice-President and Commissioner for Competition, Joaquin Almunia, the European Commission approved the State aid case for Hinkley Point C on 8 October 2014.

Slaughter and May is advising Attarat Power Company (APCO) and the project sponsors, Eesti Energia AS and YTL Power International Berhad, on the development of a 554 megawatt (gross) oil shale-fired power station at Attarat um Ghudran, Jordan (the Plan). The independent power project is notable for the use of an unconventional fuel, with the oil shale being mined, processed and converted to electrical power on site.

DLA Piper has advised Abengoa Greenfield S.A, a subsidiary of Abengoa, on the private placement of its inaugural green bonds that were issued on 30 September 2014. The deal comprised euro and dollar-denominated five-year tranches of €265 million and $300 million respectively.

Simmons & Simmons has advised Nighthawk Energy plc, the AIM listed US focused oil development and production company, on its agreement with Commonwealth Bank of Australia (‘CBA’) for the $100 million US Dollars Reserve Based Lending (‘RBL’) facility, including the restructuring of some of its existing debt.

Cadwalader, Wickersham & Taft LLP, a leading counselor to global financial institutions and corporations, announced today that it advised Mercuria Energy Group Limit, a global energy and commodities trading company, on the closing of its acquisition of J.P. Morgan’s physical energy and commodities business.

An international team of Clifford Chance lawyers across six offices has advised sponsors GDF Suez, Nareva and Mitsui on an 18-year financing of a US$2.6 billion, 1,386 MW (gross) ultra-supercritical coal-fired independent power project (IPP) near the port of Safi, Morocco. The transaction documents were signed over three days of meetings ending on September 18 and also included a ceremony in Rabat attended by Abdelilah Benkirane, prime minister of Morocco.