Pinsent Masons advises Wuppertaler Stadtwerke (WSW) on the conversion of the district heat-ing supply and the shutdown of the coal-fired power station Elberfeld as part of a comprehensive decarbonisation strategy
Squire Patton Boggs has advised EDF Renewables in relation to the sale of a 49% minority stake in 24 of its UK wind farms (c.550 MW). The cash proceeds to EDF at close for the 49% stake were £701 million.
The new partnership with Dalmore Capital Limited and Pensions Infrastructure Platform, with investment from large UK local authority pension schemes, will enable EDF Renewables to continue to develop further renewables energy.
London--Dentons is pleased to have advised Lietuvos Energija, UAB, the energy company that is 100 per cent owned by the government of Lithuania, on its second Reg S EU300 million green bond issue. The deal was given the highest green designation by the Center for International Climate Research (Cicero), which gave the external opinion on the deal's green credentials. The bonds were issued under Lietuvos Energija's EU1.5 billion Euro Medium Term Note (EMTN) Programme. Dentons also advised Lietuvos Energija on the establishment of the EMTN Programme and on its debut green bond issue.
CMS has advised Scatec Solar ASA (Scatec Solar), a Norway-based solar power developer, on acquisition of a stake in solar projects portfolio from Rengy Development, one of the largest developers and independent solar power producers in Ukraine, with the aim to build solar power plants with the total capacity of 47 MW in the Mykolaiv region of Ukraine. As part of this transaction, Scatec Solar will own 51% of the business and Rengy Development will own the balance. Total capex for the projects is estimated at EUR 52 million.
Hamburg – The international law firm CMS has advised Veja Mate Offshore Project GmbH as project company and a number of investors in connection with amendments to the EUR 1.3 billion financing of the offshore wind farm "Veja Mate". The 402 megawatt wind farm is situated in the German exclusive economic zone in the North Sea, approximately 90 kilometers north of the island of Borkum and is the farthest offshore wind farm in the world.
CMS Germany
CMS Deutschland
Dr. Holger Kraft, Lead Partner, Projects
Dr. Marc Riede, Lead Partner
On June 28, 2018, two wholly owned subsidiaries of EQT Corporation – EQT Production Company (“EQT Production”) and EQT Gathering, LLC (“EQT Gathering”) – entered into a Membership Interest Purchase Agreement (the “Purchase Agreement”) with Diversified Gas & Oil Corporation (“DGOC”) pursuant to which EQT Production and EQT Gathering will divest of certain upstream and midstream oil, gas and NGL assets for a total of $575 million.
Watson Farley & Williams ("WFW") has advised aventron AG ("aventron"), the well-known Swiss operator of renewable power plants, on its acquisition of the Hochstatten wind farm currently owned by Nuremberg-based N-ERGIE Sonne und Wind GmbH & Co. KG, part of the N-ERGIE AG-Group.
Located in the Bad Kreuznach district of Germany's Rhineland-Palatinate region, the Hochstatten wind farm has been operational since 2012. It has a total installed capacity of 6 MW comprising three Vestas V90 wind turbine generators of 2 MW each.
Watson Farley & Williams (“WFW”) has advised OMV on the completion of its sale of two wholly-owned subsidiaries comprising its upstream exploration and production business in Pakistan (“OMV Pakistan”) to Dragon Prime Hong Kong Ltd., Hong Kong, for an agreed consideration of €158m.
International law firm McDermott Will & Emery has advised NYSE listed Praxair, Inc. on the sale of the majority of its businesses in Europe to Taiyo Nippon Sanso Corporation, a company listed on the Tokyo Stock Exchange and majority owned by Mitsubishi Chemical Holdings Corporation.
The base purchase price for the transaction is 5 billion euros and is subject to customary adjustments at closing. The agreement is dependent on regulatory approvals as well as the successful consummation of the Praxair-Linde merger.
Milbank, Tweed, Hadley & McCloy LLP has advised Yellow Cake plc, a Jersey company founded and established by Bacchus Capital Advisors as a specialist company to operate in the uranium sector and hold long term physical uranium (“U3O8”), on the successful listing of its ordinary shares on AIM. The Milbank team also advised Yellow Cake plc on its associated entry into a long-term U3O8 supply contract with JSC National Atomic Company Kazatomprom, one of the world’s largest producers of uranium.