White & Case Advises ESCO on Australian Solar Farm
Global law firm White & Case LLP has advised ESCO Pacific (ESCO) on the development, equity sale and $A250 million project financing of the Finley Solar Farm, a 175 MW facility to be constructed near Finley in New South Wales, Australia.
Shearman & Sterling advised Piraeus Bank S.A. on the successful closing of Project Amoeba. The transaction involved the sale of a €1.95 billion portfolio of non-performing and denounced corporate credit exposures, backed by real-estate collateral, to Bain Capital Credit LP. This is a landmark transaction, marking the first commercial real-estate backed NPE transaction in Greece.
Leading international law firm Clifford Chance has advised 15 lenders - 11 development finance institutions (AfDB, AFC, AFD, CDC, DEG, EAIF, EIB, FMO, IFC, OFID and Proparco) and 4 local commercial banks (BICEC, SCB Cameroon, Société Générale Cameroun and Standard Chartered Bank Cameroon) - on the financing of a 420-MW hydropower project on the Sanaga river near the Nachtigal Falls, located 65 km to the north-east of Yaoundé, Cameroon for a total project cost of 1.2 billion Euros.
Herbert Smith Freehills has advised Australia and New Zealand Banking Group Limited and Westpac Banking Corporation on the project financing of the Finley Solar Farm, to be located west of Finley, southern New South Wales. The project achieved financial close on 5 November 2018.
The Finley Solar Farm, developed by ESCO Pacific Pty Ltd (ESCO Pacific), is a solar photovoltaic plant which has an expected installed capacity of 133 MWac of renewable energy, with approximately 500,000 solar panels producing enough electricity to power the equivalent of 59,000 homes.
Gide has advised the banks syndicate composed of BNP Paribas, Barclays, Crédit Agricole CIB, HSBC, Natixis and Société Générale in connection with the issuance by Société du Grand Paris of green bonds in an amount of EUR 1.75 billion, bearing interest at 1.125 per cent. per annum due in 2028.
This operation marks the first bond issuance by the issuer under its green EMTN programme established in July 2018.
Simmons & Simmons has advised the Joint Bookrunners on a €500m issue of Green Bonds by Royal Schiphol Group N.V. (Schiphol). Schiphol is the first airport in Europe to sell green-labelled debt and will use the money to invest in the sustainability of its airports.
Schiphol’s stated ambition is to become the most sustainable airport in the world and to procure that all its terminals, offices and ground operations will become climate neutral.
International law firm Clifford Chance has advised EnBW International Finance B.V. on the issue of their first green bond in the amount of 500 million Euro. The proceeds will be used to fund "Qualified Green Projects" in the fields of wind power, photovoltaics and electromobility. EnBW’s first green bond is certified to the high standards of the Climate Bonds Initiative (CBI).
Leading international law firm Clifford Chance advised the Société du Grand Paris (SGP), a French public entity (Etablissement Public à Caractère Industriel et Commercial) (EPIC) set up to design and implement the Grand Paris Express metro network, in the context of the establishment of a green EMTN programme and its inaugural issuance of green bonds.
Hogan Lovells has advised JGC Corporation, United Infrastructure Development Company (part of Bahwan Engineering Group) and Doosan Heavy Industries & Construction, the successful bidder, on the Sharqiyah Independent Water Project ("IWP") in the Sultanate of Oman. Financial close was achieved today.
Allen & Overy and Borenius Attorneys LLP advised ING on the up to EUR 70.6 million project financing for the Lakiakangas wind farms located in Finland.
The Lakiakangas wind farms comprise of two operating Vestas V126 wind turbines with 3.45 megawatt nominal capacity each and further twelve Vestas V150 wind turbines under construction with 4.2 megawatt nominal capacity each. The financing was arranged by ING Bank, a branch of ING-DiBa AG, and ING Bank N.V. is acting as facility agent, security agent and hedging bank.