Watson Farley & Williams (“WFW”) has advised three subsidiaries of Terna Energy (“Terna”) on a €24m bond loan financing provided by the European Investment Bank (“EIB”) and Eurobank Ergasias acting as co-lenders. This facility will be used for the development, construction, and operation of three wind farms consisting of 18 wind turbines in total, with a combined installed capacity of 48.6 MW. The wind farms will be located in Viotia, central Greece, and will be connected to two existing substations through underground cabling.

Baker McKenzie advised Repsol S.A. in connection with establishment of an upstream joint venture with Gazprom Neft. The joint venture company, Eurotek Yugra, owned 75% by Repsol and 25% by Gazprom Neft, owns seven exploratory blocks in West Siberia, a relatively underexplored area of Russia with significant potential. Gazprom Neft has an option to increase its stake in Eurotek Yugra to 50%.

The ECM team at CMS is advising on five IPOs which have launched in the last week:

    Andes Energia – £844m readmission to AIM following its reverse acquisition of Argentinian oil and gas exploration and production investor, Trefoil Holdings
    QUIZ - £200m AIM-IPO of the QUIZ clothing omni-channel fast fashion womenswear company
    Strix Group - £190m AIM-IPO of this global leader in the design, manufacture and supply of kettle safety controls and other components

Dentons advised Oman Electricity Transmission Company (OETC) on the issuance by OmGrid Funding Limited of US$500 million Guaranteed Notes, guaranteed by OETC. OETC is a member of Nama Group and is the Sultanate's main electricity transmission network operator.

International law firm Watson Farley & Williams (“WFW”) has advised Blue Energy in connection with the disposal of a portfolio of windfarms to funds managed by Octopus Investments (“Octopus”) for an undisclosed sum.

Leading global law firm Herbert Smith Freehills has advised the international division of state-owned China National Petroleum Corporation (CNPCI) on its investment in the development of Phase 11 of the South Pars gas project.

The signing in Tehran on 3 July marks the first foreign oil and gas contract signed in Iran since economic sanctions were lifted in 2016, and the first under the new Iranian Petroleum Contract (IPC) regime that is slated to bring Iran back into the international oil and gas market.

Watson Farley & Williams (“WFW”) advised long-standing client ADIF-Alta Velocidad (“ADIF-AV”), the Spanish state-owned high-speed rail infrastructure administrator, on its €600m green bond issuance. The bond, which has a six year term at a 0.8% rate of interest, was placed via a syndicate of international banks comprising BBVA, BNP Paribas, Crédit Agricole and Santander.

As ADIF-AV is part of the Spanish Ministry of Public Works, this represents Spain’s first green bond issuance by a publically-owned entity.

Freshfields Bruckhaus Deringer ("Freshfields") has advised on the US$150m IPO of Inner Mongolia Energy Engineering Co., Ltd. ("Inner Mongolia Energy Engineering"). The firm acted as Hong Kong and US legal counsel to the underwriters China International Capital Corporation Hong Kong Securities Limited and BOCI Asia Limited. The shares commenced trading on the Hong Kong Stock Exchange on 18 July 2017.

Linklaters is advising Stadtwerke München GmbH (SWM) and Bayerngas GmbH on their agreement to combine Bayerngas Norge A/S (Bayerngas Norge) with Centrica plc’s European oil and gas exploration and production (E&P) business to form a newly incorporated joint venture which will become one of Europe’s top five E&P operators.

Advising AREVA in connection with signing of the contract with EDF setting the terms of the entry into the capital of NEW NP of new strategic partners:

– Mitsubishi Heavy Industries (15%)

– Assystem (5%)

AREVA SA Board of Directors has approved binding agreements with MHI and Assystem for the acquisition of an equity stake in New NP.