Simmons has advised Gate terminal, a joint venture between Gasunie and Royal Vopak, on its expansion through adding infrastructure allowing it to offer Liquefied Natural Gas (LNG) break bulk services to its customers at the terminal.
Hogan Lovells has advised the African Export-Import Bank (Afreximbank) in relation to a 200 million-euro syndicated bridge financing facility for Cote d’Ivoire’s state-owned Port Autonome d’Abidjan (PAA) to enable the company expand facilities at the Abidjan Port.
Ashurst has advised Oranje-Nassau Energie B.V. ("ONE") on its US$340 million borrowing base facility agreement arranged by ING Bank N.V., ABN AMRO Bank N.V., BNP Paribas, Credit Agricole Corporate & Investment Bank and Commonwealth Bank of Australia. The new facility will be used to refinance ONE's existing US$225 million facility and provides significant room for ONE to expand its oil and gas upstream business.
ONE has a diversified portfolio of upstream oil and gas assets, including assets in the Dutch and UK North Sea and Gabon.
Eversheds Banking & Finance team have advised the City of Warsaw on obtaining financing from the European Investment Bank of PLN 1 billion for projects in the areas of transport, education, healthcare, social services and public spaces.
At the law firm, the project was headed by Dr Krzysztof Haladyj, the partner in charge of the Banking & Finance practice, supported by Tomasz Balawajder, a lawyer on the team.
Ashurst advised RBS, RBC and Santander as lenders to Greencoat UK Wind Holdco Limited, a subsidiary of Greencoat UK Wind plc, on an expansion of the original facility that enabled Greencoat limited fund to purchase two additional wind farms (Maerdy and Kildrummy) to add to the 10 wind farms they already own. Greencoat now has an aggregate operating portfolio of 226.4MW. This deal closed on 25 June 2014.
Clifford Chance has advised Kasikornbank on the financing of four solar PV rooftop projects developed by Gunkul Engineering Public Company Limited, the first such financings in Thailand. The projects are owned by WHA Corporation Public Company Limited and Gunkul Engineering Public Company Limited. Each project is located on the rooftop of an existing warehouse of WHA Corporation Public Company Limited.
Baker & McKenzie recently advised Pacifico Energy K.K. on the JPY 10.98 billion non-recourse project financing of its 32 MW solar power generation facility in Kumenan City, Okayama Prefecture, Japan. The loans were provided by The Bank of Tokyo-Mitsubishi UFJ, Ltd. and The Chugoku Bank, Ltd.
This non-recourse project financing for a foreign sponsor is a key development in Japan's growing renewable energy sector, which has seen a burst of solar project activity by both Japanese and foreign companies since Japan's solar feed-in tariff scheme was introduced in 2012.
Linklaters has advised Globeleq, the leading independent power generation company in sub-Saharan Africa, on a $70-million three year term loan facility from Standard Bank. The debt finance will be used to grow its African power asset base and position the group as a leading private power company on the continent.
Global law firm White & Case LLP has advised the lenders on the US$1.3 billion refinancing of the Emirates Steel Industries (ESI) project in Abu Dhabi, United Arab Emirates.
With a total value of EUR 2,8 billion, the largest-ever European Offshore Wind Financing (Project Gemini) reached financial close on 15 May 2014 in the office of Allen & Overy in Amsterdam.
With a capacity of 600MegaWatt, this offshore wind farm will be one of the biggest in the world. The produced renewable energy will be enough to meet the needs of 785.000 households and will reduce CO2 emissions in the Netherlands significantly.