Watson Farley & Williams (“WFW”) advised Tages Helios and Delos Power Group on the corporate reorganisation and refinancing of a solar portfolio owned by Sicilia Solare S.r.l., an SPV of Delos Power S.r.l. The solar plants are located in Sicily (Italy).
The financing was provided by BPER Banca S.p.A. a commercial bank, which is the parent entity of the BPER Group, one of Italy’s leading banking groups.
Watson Farley & Williams (“WFW”) advised Höegh LNG Ltd (“Höegh LNG”) on the US$200m debt financing for its ninth floating storage and regasification unit (“FSRU#9”) (tbn “Höegh Gannet”) currently under construction at Hyundai Heavy Industries (“HHI”) in South Korea.
PRIVATE equity experts at national law firm Shoosmiths have advised world leading GeoPrediction software and consulting services business, Ikon Science Limited (Ikon Science), on its sale to Boston-based Private Equity company, Great Hill Partners (GHP).
DLA Piper (Canada) LLP, in conjunction with DLA Piper LLP (US), acted as lead counsel for Pinnacle Renewable Holdings Inc. (“Pinnacle”) in the acquisition of a 70% interest in an operating industrial wood pellet production facility located in Aliceville, Alabama (the “Aliceville Facility”) from The Westervelt Company (“Westervelt”) for approximately US$37.1 million.
DLA Piper has advised global infrastructure company, Acciona, on its successful appointment as Engineering, Procurement and Construction Contractor to the Kwinana Waste to Energy project (Kwinana WtE).
This is a first of its kind project and will see waste ‘recycled’ into energy at a 36MW Facility located in Kwinana, West Australia. Once complete, Kwinana WtE will receive waste from seven Local Government Authorities and will then supply baseload renewable energy to local governments.
Eversheds Sutherland has advised Stolt-Nielsen LNG Holdings Ltd (“Stolt”) and Avenir LNG Ltd (“Avenir”) in connection with the investment by Stolt, Golar LNG Ltd and Höegh LNG Holdings Ltd. of US$182 million into Avenir. This investment will enable Avenir to pursue opportunities to deliver LNG to areas of stranded demand, as well as the development of LNG bunkering capabilities.
The Town of Collingwood announced that it had sold its electrical utility Collus Powerstream to EPCOR Utilities Inc., following the successful completion of two share purchase transactions.
First, the Town purchased Alectra Utilities Corp.'s 50% stake in Collingwood PowerStream. Alectra was formerly called PowerStream and purchased 50% of the Collus shares from the Town in 2012.
Second, EPCOR purchased all of the Collus shares from the Town.
International law firm Ashurst advised Phoenix Energy on all aspects of the development and project financing of Australia's first large scale waste-to-energy project, the Kwinana waste to energy project.
Global law firm Norton Rose Fulbright has advised Munich based BayWa r.e. Energy Ventures GmbH, a Munich based company, on its investment in the Swedish energy startup Blixt Tech AB (Blixt). As lead investor of Blixt’s seed round, BayWa r.e. Energy Ventures provides the startup with access to the global infrastructure of the BayWa r.e. group.
Slaughter and May is advising Drax Group plc (Drax) on the acquisition of Scottish Power’s portfolio of pumped storage, hydro and gas-fired generation assets from Scottish Power Generation Holdings Limited, a wholly-owned subsidiary of Iberdrola S.A. The purchase price is £702 million, subject to customary adjustments.