Resource

 

 

 

 

 

 

 

 

 

 

 

Energy & Utilities

Dentons advises ENGIE Deutschland on the acquisition of OTTO Luft- und Klimatechnik

05 Feb 2019
Munich—Global law firm Dentons advised ENGIE Deutschland GmbH on the acquisition of OTTO Luft- und Klimatechnik GmbH & Co. KG (OTTO), a leading specialist in ventilation and air conditioning, cooling technology and building automation. The acquisition, which has been approved by competition regulators, will strengthen ENGIE Deutschland’s leading position in technical building services in Germany.

DLA Piper advises Maxwell Technologies in its acquisition by Tesla

05 Feb 2019
DLA Piper advised Maxwell Technologies, Inc. (Nasdaq: MXWL), a leading developer and manufacturer of energy solutions, in the definitive agreement to be acquired by Tesla, Inc. (Nasdaq: TSLA). Tesla will commence an all stock exchange offer for all the issued and outstanding shares of the Maxwell, after which it will be merged with a Tesla subsidiary and become a wholly owned subsidiary of Tesla.
 
The offer will value each share of Maxwell common stock at US$4.75 per share.

K&L Gates Advises Signal Energy on 333MW Darlington Solar Farm

04 Feb 2019
Melbourne - Global law firm K&L Gates has advised Signal Energy Australia Pty Ltd (Signal), a subsidiary of American energy company Signal Energy LLC, on its appointment as joint engineering, procurement and construction (EPC) contractor of the 333MW Darlington Point Solar Farm. Edify Energy and Octopus Investments were the project sponsor. 
 
Located in New South Wales, the farm will be the one of the largest solar projects in Australia, producing enough renewable energy to meet the needs of more than 115,000 homes.

CMS AD­VISES SSE ON £635M DIS­POS­AL OF STAKE IN TWO WIND FARMS

02 Feb 2019
International law firm CMS has advised SSE on the sale of a 49.9% stake in its Stronelairg and Dunmaglass wind farms to Greencoat UK Wind Plc in partnership with a major UK pension fund whose investment is managed by Greencoat Capital.
 
The stakes equate to 160.6MW (megawatts) of capacity and the total consideration is £635m, which implies an average valuation for the two wind farms of around £4m/MW. SSE will continue to operate both assets while future development rights are in line with equity share.

Hogan Lovells advises EDF on its ESG-Indexed Credit Facility

01 Feb 2019

Hogan Lovells has advised Electricité de France S.A. (EDF), the French majority owned state electric utility company, on the introduction of a sustainability pricing mechanism indexing the margin of its €4 billion syndicated revolving credit facility to three of EDF’s environmental, social and governance (ESG) criteria:

    EDF’s direct CO2 emissions;

Linklaters represents Petrobras in US$562 million sale of Pasadena Refinery to Chevron

01 Feb 2019

Linklaters has represented Petrobras Americas Inc. and its Brazilian parent Petróleo Brasileiro S.A. - Petrobras in the sale of all the outstanding shares and equity interests of Pasadena Refining System, Inc. to Chevron U.S.A. Inc., a wholly owned subsidiary of Chevron Corporation (NYSE: CVX), for US$562 million, of which US$ 350 million corresponds to equity and US$ 212 million corresponds to working capital.

CMS ad­vises Lux­cara on the ac­quis­i­tion of a photo­vol­ta­ic pro­ject in An­dalusia

01 Feb 2019

CMS has advised German investment fund Luxcara on the acquisition of full control over a company owning the rights to execute a 121 MW photovoltaic project in Guillena (Seville).

The deal is yet a further example of CMS’ dominant presence in the energy market, especially when it comes to green energy projects.

Linklaters acts for Eni on its acquisition from ADNOC of a 20% equity interest in ADNOC Refining in Abu Dhabi

31 Jan 2019
Linklaters acted for Eni on its agreement to acquire from ADNOC a 20% equity interest in ADNOC Refining. The agreed terms for the 20% equity interest acquired by Eni include a cash price of approximately US$3.3 billion (based on an enterprise value of US$3.9 billion for Eni’s share).

Sidley is Representing Medco Energi on Its Takeover Offer for Ophir Energy

31 Jan 2019

Sidley is representing Indonesian oil and gas company PT Medco Energi Internasional Tbk on the takeover offer by a wholly owned subsidiary for Ophir Energy plc, a London-listed oil and gas exploration and production company. Ophir Energy plc engages in the exploration, development and production of upstream oil and gas properties in Asia, Africa and Mexico.

Subscribe to Energy & Utilities