Dentons’ Energy and Natural Resources practice in Warsaw advised Enlight Renewable Energy on the construction and financing of a wind farm near the Adriatic port of Split in Croatia. The total capacity of the wind farm is 49 MW.
Clifford Chance, through its associated office in Jakarta, Linda Widyati & Partners (LWP), has advised Qatar-based energy company Nebras Power Q.S.C on the acquisition from Engie of 35.5% in PT Paiton Energy, Indonesia's largest Independent Power Provider (IPP).
Paiton has more than 2000MW installed capacity, which represents 4% of Indonesia's installed capacity. Clifford Chance also advised on the acquisition of a stake in the Operations & Maintenance company that runs Paiton.
London—As announced by Total on 9th January 2017, Total and Tullow have entered into an agreement for Total to acquire an additional 21.57% interest from Tullow in the Uganda Lake Albert oil project. Dentons is pleased to be advising Total on this transaction.
Norton Rose Fulbright has been advising on the world's first tidal lagoon power station, which is proposed to be built in Swansea Bay, UK, by Tidal Lagoon Power (TLP). The £1.3 billion Swansea Bay tidal lagoon project will have an installed capacity of 320MW and generate enough energy to power 155,000 homes.
Slaughter and May advised Centrica plc on a sale of its 50% interest in the Lincs wind farm (“Lincs”) to the UK Green Investment Bank Financial Services managed entities and the UK Green Investment Bank plc. Siemens Project Ventures will also sell its 25% share with the remaining joint venture partner, DONG Energy, continuing to hold a 25% share in the asset.
DLA Piper has advised leading tidal power company Tidal Lagoon Power on the pioneering Swansea Bay tidal power project in Wales, which is set to be the world's first tidal lagoon power plant.
Planning partner Howard Bassford led the team advising on the project, which is set to be the world's first tidal lagoon power plant, following the independent review by former energy minister Charles Hendry. DLA Piper advised on the consenting and real estate aspects of the proposal, putting together the case for the grant of development consent in relation to the project.
Watson Farley & Williams (“WFW”) has advised Amundi Transition Energétique (”ATE”), a management company owned jointly by Amundi and EDF, in connection with the purchase via the Cogénération France I Fund of a majority stake in a portfolio of cogeneration plants owned by Dalkia. This first investment by ATE which amounts to over €150m (partially financed by bank loans from Auxifip and Crédit Industriel et Commercial) involves 132 plants with a combined capacity of more than 330 MW producing electricity and heat for residenti
International law firm Ashurst acted for PTT Trading, the trading arm of Thailand's leading state-owned energy firm PTT, as buyer on a five-year US$600 million oil-backed contract with PetroEcuador, Ecuador's state-run oil company.
Jean Woo, the lead lawyer on the transaction said, "This is a significant step in the growth of PTT Trading's trading business, and we are delighted to have had the opportunity to support the company on this transaction."
Watson Farley & Williams (“WFW”) has advised PNE WIND AG (“PNE WIND”) on the sale of the Atlantis I wind park project to the Swedish utility Vattenfall. The completion of the sale is subject to closing conditions. Once met, the project will be transferred to Vattenfall, one of Europe’s market leaders for the realisation and operation of offshore wind projects. PNE WIND will continue to act as service provider for the project.
Watson Farley & Williams (“WFW”) has advised European renewables platform Vortex, which is managed by the private equity arm of EFG Hermes, on its acquisition of 365 MW UK solar PV portfolio with an enterprise value of c. £470m from TerraForm Power. The closing of the transaction is subject to the completion of certain conditions precedents.