Slaughter and May advised DONG Energy on its proposed disposal of a 50% interest in the 210MW Westermost Rough offshore windfarm to a joint venture established between Marubeni Corporation and UK Green Investment Bank plc, and on the terms of certain related financing, construction management, operations and maintenance and power purchase arrangements.

The Westermost Rough offshore windfarm is currently in construction off the coast of Yorkshire. It is expected to be the first large-scale commercial windfarm to deploy Siemens' 6 MW direct drive turbines.

CONTACTS

Mayer Brown’s Government Contracts group successfully represented Consolidated Nuclear Security LLC (CNS) in securing the award of a $22.8 billion contract by the National Nuclear Security Administration (NNSA) in the face of three protests by a competitor. The contract is believed to be the largest ever awarded by the US Department of Energy and the NNSA.

In an excellent example of cross-border and cross-practice collaboration, our Madrid Energy team recently worked with our Corporate and Tax team in The Hague to advise YPF S.A., Argentina's largest oil company, on the acquisition of Luxembourg holding companies with indirect rights and interests in the group's Argentinian upstream and downstream assets. These were purchased from US-based company Apache Corp. for a total of USD 800 million.

Ashurst advised Tre Solar, a joint-venture between Ardian and Gruppo Tozzi, on the acquisition of a 11 MWp solar plant located in the Emilia Romagna region, Italy. The acquisition follows the joint-venture established between the private equity fund and the Italian group in 2007 and further enhanced in 2011 to invest in renewable energy.

The Ashurst team, led by Carloandrea Meacci, Partner, also included senior associate Annamaria Pinzuti.

Cadwalader, Wickersham & Taft LLP, a leading counselor to global corporations and financial institutions, today announced that it advised Mercuria Energy Group Limited, a global energy and commodities trading company, on its acquisition of J.P. Morgan's physical energy and commodities business for $3.5 billion.

Taylor Wessing has advised its client, Cahill Energy, on the historic agreement with the Barbados Government to build and operate a revolutionary Waste to Energy plant on the island. The plant will utilise the most innovative technology available to provide up to 25% of the island's needs.

Stephenson Harwood LLP has secured judgment in favour of the state owned Nigerian National Petroleum Corporation (NNPC) after a ten year, US$310 million dispute in London with IPCO (Nigeria) Ltd, part of the IPCO Group, an international developer, turnkey contractor and investor in energy infrastructure projects. The dispute related to IPCO's contract to build an oil terminal in Port Harcourt, Nigeria.

Slaughter and May, working as a team with Hengeler Mueller, is advising RWE AG ('RWE'), one of Europe’s five leading electricity and gas companies, on arrangements with LetterOne Group for the sale of RWE Dea AG for an enterprise value of approximately EUR 5.1 billion. 

The transaction, which was announced on 16 March 2014, is subject to final documentation, RWE Supervisory Board approval and regulatory approval in various jurisdictions.

White & Case LLP has advised Eren, a player in renewable energy and saving natural resources, on its public takeover bid to acquire Orège, a company listed on the regulated market of Euronext Paris.

Ashurst has advised Petroleum Geo-Services ASA ("PGS") on the establishment of an Export Credit Financing for two (third and fourth of a series of four) Ramform Titan-class seismic survey vessels scheduled for 2015 delivery.

PGS has, through a wholly owned subsidiary, signed two loan agreements for together $305 million to finance the two new builds.  The lenders are Japan Bank for International Cooperation and Sumitomo Mitsui Banking Corporation, with Nippon Export and Investment Insurance insuring the SMBC portions of the loans.