Canadian energy infrastructure company Enbridge and German utilities company EnBW to build a North Sea wind park with 71 wind turbines

Allen & Overy and Trilegal have advised JERA Co., Inc. (JERA), on its acquisition of a 10% equity stake in ReNew Power Ventures Private Limited (ReNew Power), one of India’s largest renewable energy companies.

Watson Farley & Williams (“WFW”) has been advising BW Offshore on documentation relating to its participation in the Kudu offshore gas field project in Namibia, including its recent acquisition – via its wholly owned subsidiary BW Kudu – of a 56% stake in the Kudu offshore licence.

The National Petroleum Corporation of Namibia (NAMCOR), Namibia’s state-owned oil company, will hold the remaining 44% of the license, and BW Kudu will be the operator. Final investment decision is planned for Q4 2017.

The board of directors of Lundin Petroleum AB (the “Lundin Petroleum”) has proposed to spin-off the company’s assets in Malaysia, France and the Netherlands into the newly formed company called International Petroleum Corporation (“IPC”) and to distribute the IPC shares to Lundin Petroleum’s shareholders by way of a Lex ASEA distribution.

The board of directors of Lundin Petroleum AB (the “Lundin Petroleum”) has proposed to spin-off the company’s assets in Malaysia, France and the Netherlands into the newly formed company called International Petroleum Corporation (“IPC”) and to distribute the IPC shares to Lundin Petroleum’s shareholders by way of a Lex ASEA distribution.

Baker McKenzie acted as legal counsel to OHL Industrial S.L. and OHL Industrial Colombia S.A.S. in the negotiation of an EPC agreement with the multinational Colombian firm, Corona, and the Spanish cement group, Cementos Molins (via its subsidiary in Colombia, ECOCEMENTOS S.A.S.), to build a new cement plant near Sonsón (Colombia).  The contractors are a division of the OHL Group that is specialised in the engineering and construction of large-scale industrial facilities through this type of contracting.

Delphi has been legal advisor to NIBE Industrier AB (publ) in connection with its acquisition of 50% of the shares in the Canadian heat pump company CGC Group of Companies Inc., with an option to acquire the remaining 50% of the shares no later than spring 2022.

CGC was founded in 1995 and is headquartered in Mississauga, just outside Toronto, with its manufacturing facility in the nearby town of Fergus.

Slaughter and May advised Drax Group plc (Drax) on the acquisition of Opus Energy Group Limited, a business to business supplier of electricity, gas and related services in the UK, for cash consideration of £340 million plus an additional “locked box” payment. Slaughter and May’s role included advising on a new acquisition debt facility in relation to the transaction.

Our corporate team has advised the AIM quoted company on a placing that will help to deliver its current pipeline and ensure future growth.

The corporate team from Burges Salmon has advised energy storage and clean fuel company, ITM Power plc, an AIM quoted company, on its firm placing of new ordinary shares with institutional investors to raise £5.7 million. The new ordinary shares will be issued at 17 pence per share.

Watson Farley & Williams (“WFW“) has advised Capital Stage, Germany’s largest independent solar park operator, on the acquisition of two Italian solar parks with total capacity of 6,2 MWp from a leading European industrial group. Capital Stage is listed on Deutsche Börse’s SDAX. The total investment value of the acquisition, including project debt, amounts to more than €65m.