International law firm Clifford Chance has advised Dangote Industries Limited, as borrower, on a USD 3.30 billion financing. The proceeds of the financing will be used for the planning, development and construction of a greenfield fertilizer manufacturing plant and a greenfield crude oil refinery plant. The plants are to be constructed in the Olokola Free Trade Zone in Nigeria, at a combined development cost of USD 9 billion. It will be the largest industrial complex project in the history of Nigeria.

In its latest large project financing in the US renewable energy sector, Milbank, Tweed, Hadley & McCloy LLP has represented the lender group in funding the construction of a major new wind farm under development on 18,000 acres in Carson County, located some 30 miles from Amarillo, Texas.

Davis Polk advised Odebrecht Offshore Drilling Finance Limited, an indirect project finance subsidiary of Odebrecht Óleo e Gás S.A. (OOG), in connection with its US$1.69 billion offering of 6.75% senior secured notes due 2022, which were issued pursuant to Rule 144A and Regulation S under the Securities Act.

Herbert Smith Freehills has been ranked by Dealogic as the top legal adviser for African project finance transactions so far in 2013. In its recently released "Project Finance Statshot", Dealogic attributes the firm with 10.7% market share in Africa, having advised on US$1.3 billion of closed deals between 1 January and 23 August.

As part of the Campus stimulus plan, the French Government, local authorities and Vinci Construction France have signed a public-private partnership (PPP) for the third phase of reconstruction and rehabilitation of part of the university of Mirail by the end of 2016 for an amount of € 202 million. Over a period of 27 years, the partnership agreement shall include the financing, design, construction but also maintenance and building maintenance.

Allen & Overy said today the Lighthouse Trade Finance transaction brought together tried and tested financing structures from different areas of structured finance, to create a financing platform for a new asset class and opening a new funding avenue for commodity trade finance.

Shearman & Sterling advised Sumitomo Mitsui Banking Corporation and The Bank of Tokyo-Mitsubishi UFJ, Ltd. as mandated lead arrangers in connection with the $146 million cross-border financing for CyT Operaciones SpA, owner of the transmission line, sponsored by Transelec S.A. and connecting the Caserones copper mine owned by SCM Minera Lumina Copper Chile to generation substation facilities. The Caserones transmission line financing was Transelec’s debut project financing.

Davis Polk advised Sete Brasil Participações S.A. and Sete International GmbH in connection with a capital call credit facility in the amount of $1.25 billion. The facility will be used to finance the ongoing construction of 21 ultra-deep water drilling rigs to be built in several Brazilian shipyards, each costing approximately $950 million.

Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised the borrower Escal UGS S.L (“Escal”) on the €1.4 billion financing of the Castor energy storage project in Spain.

Escal owns the Castor underground gas storage project, which will provide storage for 30% of Spain’s daily gas consumption. The project is being developed by Escal, which is owned by the Spanish construction company ACS Group and the Canadian oil and gas company Dundee Energy, and promoted by the Spanish Ministry of Industry.

Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that its London, Paris and New York offices have advised long-standing WFW client, Royal Caribbean Cruises Ltd. (“RCL”), in connection with RCL’s contracting for the construction and purchase of a third mega-cruise vessel of its Oasis class at STX France S.A. in St Nazaire and, also, in connection with the obtaining of ECA-supported post-delivery financing of such vessel.