Herbert Smith Freehills has advised Mandated Lead Arrangers Commonwealth Bank of Australia, Industrial and Commercial Bank of China Limited, Sumitomo Mitsui Banking Corporation and The Bank of Tokyo-Mitsubishi UFJ, Ltd in connection with the limited project financing and potential expansion facility for the 111MW Waterloo wind farm project in South Australia.
We are delighted to announce that a HFW transaction has won the Marine Money Offshore Structured Finance Deal of the Year Award 2012. This was a highly complex US$200m conventional and Islamic financing for Stanford Marine.
The financing was provided by Standard Chartered, Noor Islamic Bank, Barwa Bank, Mubadala GE, Abu Dhabi Commercial Bank, while the other advisers were SNR Denton and Allen & Gledhill.
Ashurst has advised Asian Development Bank ("ADB") and The Siam Commercial Bank Public Company Limited ("SCB") as lenders to two solar power projects in Thailand financed on a limited recourse project finance basis. The financing closed on 11 April 2013.
Each project entails the construction of a 16MW solar power generation plant, with a combined total capacity of 32MW. Bangchak Solar Energy Company Limited, a subsidiary of Bangchak Petroleum Public Company, is the developer of the projects and is the borrower under the facilities.
Herbert Smith Freehills has advised Citibank N.A., Sydney Branch, on the financing of QIC Global Infrastructure’s $400.6 million acquisition of Epic Energy South Australia Pty Ltd (Epic SA), which owns the Moomba to Adelaide Pipeline System (MAPS) and the South East Pipeline System (SEPS). Completion of the transaction occurred on 1 May 2013.
Clifford Chance advised a syndicate of nine national and international banks in relation to a structured corporate financing to Stadtwerke Düsseldorf in an amount of EUR 650 million. The credit facilities with a term of five years serve to finance the construction of the new power plant "Fortuna" as well as other investments in the renewable energy sector and the distribution facilities.
* First road PPP to be signed in Ireland since 2007
London: International legal practice Norton Rose has advised the European Investment Bank (EIB), the Bank of Ireland and the Irish National Pensions Reserve Fund as lenders to the Irish National Road Authority’s N11/N7 Arklow - Rathnew Public Private Partnership (PPP). The project is the first road transport PPP to reach financial close in Ireland since 2007.
Largest thin film solar power plant in Germany to date
International legal practice Norton Rose has advised an international consortium of banks led by Bayerische Landesbank and UniCredit Bank AG on the financing of a portfolio of eight solar parks with a total capacity of 128.4 MWp located on the former Soviet military airbase Templin/Groß Dölln. It is the second largest solar power plant (and the largest thin film power plant) in Germany to date. The total investment costs amount to €200m, with a debt financing volume of over €150m.
Allen & Overy has advised Bank Gospodarstwa Krajowego, Bank Pekao S.A. and PKO Bank Polski S.A. on financing a project comprising the design, development, construction and operation of a waste thermal treatment plant in Poznan', Poland by SITA Zielona Energia sp. z o.o. in the form of public-private partnership (PPP).
The amount of the facilities granted is almost PLN 900 million.
Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised Deutsche Bank AG, London Branch and Deutsche Bank Luxembourg S.A. as sole lead arranger and lender on the project financing of a new 19MW biomass project in Beckton, East London.
Ashurst has advised BTMU, Helaba, Mizuho and EIB as funders to the SITA-led consortium on the Cornwall rnwall integrated waste management PFI project which achieved financial close on 21 March 2013.
The 30 year PFI contract is to manage the treatment and disposal of all of Cornwall Council's household waste and recycling. The contract involves the design, build, finance and operation of an energy-from-waste facility in St Dennis with a capacity of up to 240,000 tonnes per year.