TLT has advised renewable energy investment company Thrive Renewables on the real estate and planning aspects of the sale of two operational windfarms to infrastructure fund manager Equitix.
The windfarms – in North Wales and Suffolk – have generated enough clean electricity to power over 9,000 average UK homes annually and will continue under the new ownership.
Thrive will use the proceeds to build new renewable energy capacity in the UK.
Travers Smith LLP has advised Leep Utilities on its agreed acquisition of SSE Water Limited from SSE plc for an undisclosed sum.
Leep Utilities is a joint-venture between Ancala Partners LLP, the mid-market infrastructure investment manager, and the Peel Group, one of the UK’s leading private real estate investment and infrastructure companies.
International law firm Ashurst has advised Kina Petroleum Limited on its proposed re-domiciliation from Papua New Guinea (PNG) to the British Virgin Islands, the first of its kind under a new PNG Capital Markets Act.
Milbank, Tweed, Hadley & McCloy LLP advised PT Lestari Banten Energi, a project company of Genting Berhad and SDIC Power, in connection with the project bond issuance of US$775 million 6.875% Guaranteed Secured Senior Notes due 2039. The bonds were issued by LLP Capital Pte Ltd. and unconditionally and irrevocably guaranteed by PT Lestari Banten Energi.
London - Global law firm K&L Gates LLP advised SyvashEnergoProm LLC, a subsidiary of Oslo-based utility-scale wind power developer NBT AS, and Total Eren SA, a leading renewable energy Independent Power Producer (IPP) based in Paris (together, the “sponsors”), on the development, construction and financing of the first phase of a power generation facility and new substation for the 250 MW Syvash Wind Power Project in Kherson Oblast, southern Ukraine. The first phase of the project financing for the project reached financial close on 31 January 2019.
Hamburg – EnBW Energie Baden-Württemberg AG and Energiekontor AG have signed a 15-year power purchase agreement (PPA) in relation to a planned solar park in Mecklenburg-Western Pomerania. The plant will be built on a site of around 120 hectares in the Dettmannsdorf/Marlow area near Rostock. It will produce up to 85 MW of power a year to meet the needs of around 25,000 households.
Watson Farley & Williams (“WFW”) has advised AIM-listed E&P company Coro Energy Plc (“Coro”) on its acquisition of an interest in the Duyung Production Sharing Contract (“Duyung PSC”) in the West Natuna basin, offshore Indonesia, which contains the shallow water Mako gas field.
Eversheds Sutherland is pleased to announce that it represented Shell New Energies US LLC (Shell) in its agreement to acquire Greenlots, a US-based leader in electric vehicle (EV) charging and energy management software and solutions. Greenlots will become a wholly owned subsidiary of Shell but will retain its brand identity and leadership team.