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Energy & Utilities

Hunton & Williams Assists Banpu in a New Lithium-Ion Battery and Energy Storage Business

21 Mar 2018

Hunton & Williams (Thailand) Limited represented Banpu Infinergy Co., Ltd., a subsidiary of Banpu Public Company Limited (SET:BANPU) engaging as one-stop provider of total solar energy solutions, in the investment through its subsidiary BPIN Investment Co., Ltd., in New Resources Technology Pte. Ltd. (NRT) for a 44.84% equity interest worth SGD 45.10 million (equivalent to approximately US$ 33.20 million or THB 1.04 billion). The transaction was completed and the disclosure to the Stock Exchange of Thailand was issued on March 7, 2018.

White & Case Advises VERBUND on First Green Bond Issued via Digital Platform

21 Mar 2018

Global law firm White & Case LLP has advised Austria's leading electricity company, VERBUND AG, on the structuring, documentation and placement of a 'green' bond via the fully integrated digital issue platform vc trade.

VERBUND's €100 million bond is the first transaction of its kind, with a ten year term and a fixed interest rate on the promissory note loan. The transaction was arranged by Helaba Landesbank Hessen-Thueringen, one of the leading arrangers of promissory note loans.

White & Case Advises Neoen on Aus$350 Million Financing for a Power Hub Comprising a Wind Farm and Battery Storage Facility – A World-First for the Agribusiness Industry

21 Mar 2018

Global law firm White & Case LLP has advised Neoen on the development and Aus$350 million project financing of the Bulgana Green Power Hub, a 194MW wind farm and 20 MW battery storage facility to be constructed near Stawell in Victoria, Australia.

Hunton Assists Asia Biomass Public Company Ltd on THB 135 IPO Offering

20 Mar 2018

Hunton & Williams (Thailand) Limited assisted Asia Biomass Public Company Limited (SET:ABM), Thailand’s largest biomass feedstock producer, in the issuance and listing of 75 million newly issued shares equivalent to 25 per cent of its total registered capital on the Market of Alternative Investment (MAI). The entire newly issued shares were allocated to the general public via an Initial Public Offering (IPO) at THB 1.80 each and THB 135 million in total, from February 19 to 21, 2018. The first day of trading was February 27, 2018.

Mubadala Petroleum Purchases a 10% Stake in the Shorouk Concession in Egypt for $934 Million

19 Mar 2018

Shearman & Sterling is advising Mubadala Petroleum on its agreed purchase of a 10% stake in the Egyptian offshore Shorouk Concession, where the super-giant Zohr gas field is located, from Italian energy company Eni S.p.A. The stake is being acquired by Mubadala Petroleum for a consideration of $934 million.

Ashurst advises OMV on acquisition of Shell's Upstream business in New Zealand for US$578 million

19 Mar 2018

Ashurst is advising OMV, the international integrated oil and gas company based in Vienna, on the acquisition of Shell's Upstream business in New Zealand for US$578 million. The assets comprise joint venture interests in Pohokura (48%), the largest gas producing field in New Zealand, and Maui (83.75%), as well as related infrastructure for production, storage and transportation.

Dentons assists Statoil with entry to the Polish offshore wind energy market

19 Mar 2018

Dentons acted for Statoil Group, a global oil, gas and energy company, in the acquisition of 50% of shares in two offshore projects from Polenergia.

The two offshore wind farm projects - Baltyk Srodkowy II and Baltyk Srodkowy III - have total planned capacity of 1200 MW. Located in the Baltic Sea, at distances of 27 km and 40 km respectively from the port of Leba, they constitute the largest and most advanced offshore wind energy projects in Poland.

Allen & Overy advised Air Liquide on its first bond issuance on the Chinese domestic market (Panda)

16 Mar 2018

Allen & Overy Paris advised Air Liquide, the world leader in gases, technologies and services for Industry and Health, on its first bond issuance on the Chinese domestic market for an aggregate nominal amount of 2.2 billion Renminbi (approximately 280 million euros). Air Liquide becomes therefore one of the first European companies to issue on this market.

Clyde & Co secures landmark oil & gas floating pledge agreement in Mexico

16 Mar 2018

Clyde & Co has advised Petrolera Perseus, a Mexican oil company, on the first ever floating pledge agreement over the interest of oil & gas license contracts in Mexico.

On 13 March 2018 the Mexican National Hydrocarbons Commission (NHC) approved, for the first time in Mexico, the constitution of a floating pledge agreement over the rights of an oil and gas contract.