International law firm Pinsent Masons has advised NYSE-listed Ellomay Capital Ltd. on a €192.5m deal with Metka EGN Ltd for the development of a 300MW solar park at Talasol in western Spain.
The works to be undertaken by Metka EGN include the engineering, procurement and construction of the Talasol Project and the ancillary facilities for connecting power into the grid. Work is expected to be completed within 16 months.
Global law firm White & Case LLP has advised Atlas Renewable Energy ("Atlas"), a renewable energy company operating in Latin America, on its US$114.4 million, long-term financing for two solar power projects in Uruguay. The two projects use 238,720 solar panel modules with an installed capacity of 75.8MWp. Atlas estimates the plants will remove 55,500 tons of carbon dioxide emissions annually and power close to 50,000 homes.
Morgan Lewis represented China Aviation Oil (Singapore) Corporation Ltd, one of the Asia Pacific region’s leading physical jet fuel traders, in its acquisition of Navires Aviation Limited from Castleton Commodities Merchant Trading L.P.
The transaction, which closed on June 29, was led by Morgan Lewis partner Olivier Chambord and associate Sonia Namutebi. Partners Suet Fern Lee, Izzet Sinan, and Christian Zschocke provided support.
Clifford Chance has advised Horizon Nuclear Power Wylfa Limited in achieving the first step towards obtaining development consent for its new Wylfa Newydd Nuclear Generating Station on the Isle of Anglesey, in North Wales.
Dentons acted as legal counsel to a Danish company Better Energy A/S and the Northern Environmental Financial Corporation (NEFCO) in connection with the construction of a 19 MW solar park in Western Ukraine. The total investment for the project is €6.6 million.
Global law firm White & Case LLP has advised Malaysian independent power producer Malakoff Corporation Berhad (Malakoff) on the AUD$500 million refinancing of its 50 percent interest in the 420MW Macarthur Wind Farm in Victoria, Australia, with a lender group comprising BNP Paribas, Société Générale, Mizuho, Black Rock, OCBC and ING.
Herbert Smith Freehills has advised Boco Rock Wind Farm Pty Ltd on the refinancing of its senior project finance facilities for its 113MW(AC) Boco Rock Wind Farm, located 10km south west of Nimmitabel and 30km north of Bombala in the New South Wales Snowy Mountains region.
On 28 June 2018 the financial close of the Blauwwind offshore wind farm took place. This offshore wind farm will be constructed and will operate within the Borssele Wind Farm Zone, the Netherlands. The farm will include 77 V164 9.5 megawatt (MW) turbines produced by MHI Vestas, with a total installed capacity of 731.5MW, enough to power some 825,000 households. The main construction work is due to start in the fourth quarter of 2019, with commercial production expected in early 2021.
The international law firm BEITEN BURKHARDT has successfully represented wesernetz Bremen GmbH in a complaint procedure before the Higher Regional Court of Dusseldorf. The decision is of fundamental significance. Through this decision the criteria for the interpretation of the concept of "customer facility" have been further developed and, thus, important questions of the players in the energy market concerning the definition, if not delimitation of non-regulated customer facilities against regulated energy supply networks answered.
Herbert Smith Freehills has advised New Energy Solar Limited on its acquisition of the 55.9 MWDC Manildra Solar Farm in New South Wales, for an enterprise value of A$113 million. New Energy Solar has interests in 20 solar projects in the United States but Manildra is its first Australian asset.