The Singapore office of Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it (along with WFW’s New York office) has advised Singapore Airlines as seller, lessee and senior lender on an Irish structured operating lease transaction involving three Boeing 777-300ER aircraft.
This is the first Central European exploration initiative in the project finance formula, and the first transaction involving Polish Investments for Development (PIR) under the “Polish Investments” governmental program.
This is the first Central European exploration initiative in the project finance formula, and the first transaction involving Polish Investments for Development (PIR) under the “Polish Investments” governmental program. Besides, it was one of the more complex project finance initiatives to be launched in Poland and the region in recent years.
Shearman & Sterling advised Abengoa Solar Chile S.A. as borrower in connection with a $205 million bridge financing arranged by BTG Pactual for the construction and operation of the Cerro Dominador solar project, a 110 MW concentrated solar power plant located in Chile. The Cerro Dominador project will be the first solar-thermal plant for direct electricity production in South America and is part of the Chilean government’s national renewable energy development program.
government’s national renewable energy development program.
MeyGen has secured the funding from The Crown Estate and the Scottish Government for the first phase of its Pentland Firth tidal renewable energy project.
The MeyGen project, which is the largest tidal scheme to have been consented in Europe, will ultimately consist of up to 400 Megawatts of generating capacity, enough energy to power 400,000 homes. The project is situated in approximately 3.5km2 of the Inner Sound of the Pentland Firth off the north coast of Scotland between Caithness on the Scottish mainland and the Island of Stroma.
Ashurst has advised Shanks and Interserve on the £213 million funding for the development of a mechanical biological treatment facility and waste gasification plant in Derby under their 30 year PPP waste services contract with Derby City and Derbyshire Country Councils. The funding will be provided by the UK Green Investment Bank, Bayern LB and Sumitomo Mitsui Banking Corporation with sponsor commitments from Shanks Group plc and Interserve Group plc.
Ashurst advised Lamprell plc, a leading provider of diversified engineering and contracting services to the onshore and offshore oil and gas and renewable energy industries, on a US$ 600 million facilities agreement. The new arrangements will replace the Lamprell group's existing facilities with a US$ 350 million facility, comprising a US$ 100 million term loan, US$ 50 million for general working capital purposes and US$ 200 million of working capital for project financing.
Linklaters LLP has advised Speyside Renewable Energy Partnership Ltd on the successful development and financing of the Speyside combined heat and power plant project in Scotland. The construction of the project will be funded by a public bond issue, guaranteed by Infrastructure UK (“IUK”), which has been launched today. This will be the first project finance bond issue guaranteed by IUK in the biomass sector.
Watson, Farley & Williams (“WFW”), has advised Citibank N.A, London Branch (“Citibank”) as global coordinator and sole bookrunner and the syndicate of lenders on a US$574 million ECA-backed loan facility to Stena Atlantic Limited (“Stena”). The facility is to be used to fund the purchase of a semi-submersible mid-water drilling rig.
DLA Piper has advised Bio Group Limited on the multi million pound refinancing of two anaerobic digestion gas to grid plants, Fairfield Bio Energy in Stockport and Adnams Bio Energy in Suffolk and the provision of further project finance for new facilities.
NEW YORK - Milbank, Tweed, Hadley & McCloy LLP advised Japan’s Sumitomo Mitsui Banking Corp. (SMBC) in providing a $200 million loan to leading Brazilian soybean producer Amaggi Commodities, a transaction insured by the Japanese export credit agency Nippon Export and Investment Insurance (NEXI). SMBC acted as Lender, Mandated Lead Arranger, Administrative Agent, Collateral Agent, and NEXI Agent.