Eurus Energy Group (“Eurus”), a leading Japanese renewable energy company, and YARD ENERGY Group (“YARD”), a Dutch-based developer of wind energy projects, jointly announced that they have achieved financial close for the construction of Windpark Deil, a 21-MW wind farm in Gelderland, The Netherlands, comprising 5 WTGs. Clifford Chance was lead counsel and responsible for the due diligence, project documents, shareholder agreements and borrower's counsel for the project finance transaction.

Gide has acted, alongside Ivorian firm KSK, on the implementation of a FCFA 378 billion (EUR 577 million) syndicated loan for SIR. This loan enables SIR, the region's most high-performing refinery of the West African sub-region, to refinance its commercial debt so that it may boost its activities to face the growing demand for refined products in Côte d'Ivoire and the entire sub-region.

Gide and KSK advised Société Ivoirienne de Raffinage and the Republic of Côte d'Ivoire.

Cleary Gottlieb is representing long-standing client Petróleo Brasileiro S.A. (Petrobras) in private offers to purchase for cash eight series of notes issued by Petrobras’ wholly owned Dutch finance subsidiary Petrobras Global Finance B.V., for an aggregate purchase price, excluding accrued and unpaid interest, of up to $1.5 billion.

Leading global law firm Herbert Smith Freehills has advised JERA Co, Inc, on its acquisition of a 24.95% stake in the Gunfleet Sands Offshore Wind Farm project in the United Kingdom from Marubeni Corporation.

The Gunfleet Sands project has 172.8MW of installed capacity consisting of 48 fixed-bottom offshore wind power generators located off the Essex coast, and began operations in April 2010.

Milbank, Tweed, Hadley & McCloy LLP advised Fareast Green Energy Pte. Ltd. (“FEGE”) in connection with its divestment of a 50% stake in Fareast Renewable Development Pte. Ltd. (“FRD”) to RH International (Singapore) Corporation Pte. Ltd. (“RHIS”), a wholly owned subsidiary of Ratchaburi Electricity Generating Holding Public Company Limited, the leading independent power generating company in Thailand.

Macfarlanes has advised specialist investment firm Circularity Capital on the raising of its debut fund, Circularity European Growth Fund I LP, which has exceeded its £50m target and closed at its £60m hard cap.
Investment commitments came from global financial institutions, family offices, private investors and strategic corporate investors with funds being used to invest in growth stage European SMEs in the circular economy.