Slaughter and May advised Premier Oil plc on its successful invitation to convertible bondholders to accelerate the exchange of their outstanding convertible bonds into ordinary shares of the company.  87.5% (US$205.78 million) of the US$235.2 million convertible bonds outstanding were accepted for early conversion under the invitation, which was launched on 11 January and completed on 16 January 2018.  The benefits to the company and its shareholders include reduction of the company’s indebtedness by US$ 205.78 million, increased stability in the company’s capital bas

DLA Piper has advised the Italian energy company ERG SpA on its acquisition, from Vortex Energy Group, of Windpark Linda GmbH & Co KG, holder of project rights for a 21.6-MW wind project in the district of Wittenberg, Germany, as well as in connection with the associated project development documentation and the construction contract.

The acquisition was made by ERG’s subsidiary in Germany, ERG Windpark Beteiligungs GmbH. The involved parties have agreed to treat the purchase price confidential.

Skadden advised Toshiba Corporation on the sale of its claims against Westinghouse Electric Company LLC to Nucleus Acquisition LLC (a consortium controlled by The Baupost Group, LLC) for $2.16 billion and the sale of its Westinghouse-related shares to Brookfield WEC Holdings LLC. Skadden also assisted Toshiba with the successful negotiation and execution of a key plan support agreement with Westinghouse, its statutory unsecured creditors committee and other parties.

Clifford Chance advised Shell, Diamond Generating Europe (a subsidiary of Mitsubishi Corporation) and Eneco as sellers on the sale of a 45% stake in the 731.5 MW Dutch offshore wind farm project Borssele III/IV to funds managed and/or advised by Partners Group, a global private markets investment manager, constituting half of each seller's current stake in the project. Upon completion of the transaction, Partners Group will become the largest shareholder in the current consortium of investors consisting of Shell, Diamond Generating Europe, Eneco Group and Van Oord.

A team of energy sector experts from Burges Salmon have advised Battery Energy Storage Solutions Ltd (BESS) on a deal to secure £28.5 million of debt funding from Santander Corporate and Commercial.

CMS advised the Hungarian multinational oil and gas company on a EUR 75m revolving credit facility provided by a group of 13 banks. The new facility was arranged as a club deal with a group of MOL's relationship banks. It has a tenor of five years (with two one year extension options), and can be drawn in both euros and US dollars. Societe Generale acted as the facility agent.

The CMS team assisting MOL included Partners Simon Dayes and Erika Papp and Consultant Stefania Lepore.

A team of energy sector experts from Burges Salmon have advised Battery Energy Storage Solutions Ltd (BESS) on a deal to secure £28.5 million of debt funding from Santander Corporate and Commercial.

Clifford Chance advised Shell, Diamond Generating Europe (a subsidiary of Mitsubishi Corporation) and Eneco as sellers on the sale of a 45% stake in the 731.5 MW Dutch offshore wind farm project Borssele III/IV to funds managed and/or advised by Partners Group, a global private markets investment manager, constituting half of each seller's current stake in the project. Upon completion of the transaction, Partners Group will become the largest shareholder in the current consortium of investors consisting of Shell, Diamond Generating Europe, Eneco Group and Van Oord.

Slaughter and May advised Premier Oil plc on its successful invitation to convertible bondholders to accelerate the exchange of their outstanding convertible bonds into ordinary shares of the company.  87.5% (US$205.78 million) of the US$235.2 million convertible bonds outstanding were accepted for early conversion under the invitation, which was launched on 11 January and completed on 16 January 2018.  The benefits to the company and its shareholders include reduction of the company’s indebtedness by US$ 205.78 million, increased stability in the company’s capital bas

Leading international law firm Clifford Chance has advised Australian-Chinese developer, owner and operator of renewable power generation assets Maoneng Australia (Maoneng) on its entry into a Power Purchase Agreement (PPA) with the University of New South Wales (UNSW) and on related agreements with Origin, who is providing firming and other services to UNSW.

The PPA relates to the 200 megawatt (MW) Sunraysia Solar Farm, located near Balranald in south-western NSW, owned and developed by Maoneng.