In May 2018, the first new energy project in Europe, jointly developed by Shanghai Electric Power Co., Ltd. (Shanghai Electric Power) and Malta Government, namely Mozura Wind Power Project in Montenegro (the project), has successfully completed financing. King& Wood Mallesons advised Shanghai Electric Power by providing comprehensive legal services in banking finance, regarding the financing by the Bank-led consortium ("Syndicate") on the project.

Innovative transaction applies the Acupay System structure to accommodate tranches of securities in US dollars issued outside the US.

Eni has successfully returned to the US market and priced a dual tranche fixed rate bond issue with maturities of 5 and 10 years for a total principal amount of USD 2 billion. The transaction applies the innovative Acupay System structure to accommodate tranches of securities from Italian issuers in US dollars offered and sold both inside and outside the US.

International law firm Ashurst has advised EnQuest on the execution of a financing agreement for $175 million with funds managed by Oz Management. The financing is structured on a discrete 15% interest in the Kraken Field, the affiliate transfer for which is subject to normal regulatory approval, with repayment made out of the cash flows from this 15% interest.

Ashurst has advised on the finance, commercial and certain tax aspects of the transaction, working closely with EnQuest's general counsel Stefan Ricketts and senior legal adviser Dawood Ahmed.

A cross-border team from Baker McKenzie has advised PT Perusahaan Listrik Negara (Persero) ("PLN") on a revolving credit facility and a term loan facility at a total value of USD 1.5 billion, with a greenshoe option of up to USD 500 million.

This deal is the first large-scale syndicated offshore financing for the Indonesian state-owned power company. The loan facilities will be used by PLN for capital expenditure and general corporate purposes.

Matheson advised Canadian-owned Irving Oil on its acquisition of Top Oil. The acquisition will complete once all conditions of the sale have been met (including approval by the Competition and Consumer Protection Commission in Ireland).

Founded in 1924, Irving Oil operates Canada’s largest refinery in Saint John, New Brunswick, along with more than 900 fuelling locations and a network of distribution terminals spanning Canada and New England. It also operates Ireland’s only refinery, located in Whitegate, Co. Cork.

London - A team of lawyers from global law firm K&L Gates LLP is advising Norwegian wind farm and renewable energy developer NBT AS and its Ukrainian subsidiary SyvashEnergoProm LLC on the development, construction and financing of a power generation facility and new substation for the 250 MW Syvash Wind Power Project in Kherson Oblast, southern Ukraine.