International law firm Ashurst has advised the lenders on the A$409 million refinancing of the Collgar Wind Farm in Western Australia.

The refinancing of the Collgar Wind Farm consists of a A$397 million syndicated term loan facility and a A$12 million working capital facility.
Collgar Wind Farm is a renewable energy project located in Merredin, Western Australia and is to date the largest single stage operating wind farm in the southern hemisphere, with 111 turbines and a total power production capacity of 206 MW.

Womble Bond Dickinson (WBD) has advised The Renewables Infrastructure Group Limited (TRIG), the listed UK and European renewables fund, on the refinancing of seven UK onshore wind farms, which are operationally managed by RES.

The refinancing involved an improvement in the commercial terms over the existing facilities, and an increase to the tenor, though debt is repaid within the subsidy period. KfW IPEX-Bank, which was one of three existing lenders alongside BNP Paribas and Lloyds, was sole lender of GBP 195mm in senior term facilities which closed on 31st October.

DLA Piper has advised Credit Suisse Energy Infrastructure Partners AG (CSEIP) and E.ON on their investment into, and financing of one of the largest onshore wind farms in Europe, the 475-megawatt Nysäter project in Sweden. A fund advised by CSEIP will hold 80% of the joint venture, while E.ON will build and operate the wind farm under a long-term O&M agreement and retain a 20% equity stake in the project. The total investment amounts to approximately €500 million.

Herbert Smith Freehills has advised Tilt Renewables on the project development of the Dundonnell Wind Farm. The firm also advised the syndicate of lenders, including Australian and international banks on the financing of the wind farm.

Dundonnell Wind Farm will be developed approximately 23km north-east of Mortlake, in western Victoria. Construction is due to begin in early 2019, with the wind farm expected to be fully operational by September 2020.

Hogan Lovells advised Natixis acting as Sole Underwriter, Initial Mandated Lead Arranger, Bookrunner, Hedge Provider, Offshore Security Agent and Offshore Account Bank to the ACWA Power led consortium on the successful project financing of the 300MW Sakaka Solar independent power plant (IPP) project in Saudi Arabia. Financial close was achieved today.

Gilbert + Tobin (G+T) has advised Tilt Renewables Limited (Tilt Renewables) on the financing of the Dundonnell Wind Farm in Victoria, a project worth A$560 million. This is the first project to reach financial close under a Victorian Renewable Energy Auction Scheme VRET Support Agreement.
 

Dentons' Banking and Finance team in Warsaw has advised BGZ BNP Paribas on a EU4 million financing granted to ECI Group company (Europejskie Centrum Inwestycyjne ECI S.A.) for, among others, the repayment of intra-group debt incurred for construction of the Nordkapp office building in Warsaw, with a total lease area of approximately 4,000 s.qm.

The scope of Dentons' legal advice included the examination and preparation of a due diligence report on the key property documents, the borrower's company and the project, as well as preparation of the credit documents package.