Herbert Smith Freehills has advised New Energy Solar Limited on its acquisition of the 55.9 MWDC Manildra Solar Farm in New South Wales, for an enterprise value of A$113 million. New Energy Solar has interests in 20 solar projects in the United States but Manildra is its first Australian asset.
A cross-border team from global law firm Norton Rose Fulbright has advised Allianz Global Corporate & Specialty's alternative risk transfer unit, together with its partner Nephila Climate, on a proxy revenue swap for the 98MW Susan River Solar Project and the 78MW Childers Solar Project.
These two transactions were a first of their kind not only in Australia but also in the global energy renewables market.
Global law firm Norton Rose Fulbright has advised Fortune Lianjiang Shipping S.A., an indirect subsidiary of shipping conglomerate CSSC (Hong Kong) Shipping Company Limited, on the US$1.2 billion financing and delivery of the world’s first converted floating liquefied natural gas (FLNG) production vessel “Hilli Episeyo”, under a sale and leaseback agreement between Fortune Liangjiang Shipping S.A. as lessor and Golar Hilli Corporation as bareboat charterer, supported by Golar LNG Limited.
Melbourne - Global law firm K&L Gates LLP has acted in a capital raising for Wattle Health Australia Limited (WHA) of AUD74 million consisting of a non-renounceable retail entitlement offer of AUD33.9 million, a AUD20 million private placement to institutional investors, and a debt facility of AUD20 million.
Herbert Smith Freehills has advised the financiers on the project financing of Goldwind Australia’s 530MW Stockyard Hill Wind Farm, located approximately 35km west of Ballarat, Victoria.
Once completed, the wind farm, which reached financial close on 28 March 2018 and began construction in June 2018, will be the largest wind farm in the southern hemisphere and produce clean energy to power up to 391,000 Victorian homes.
The wind farm will consist of 149 of Goldwind’s latest technology 3S Wind Turbines.
International law firm Ince & Co LLP has advised long-standing client Golar LNG Limited on a US$960 million sale and leaseback of their converted FLNG vessel the Hilli Episeyo with CSSC (Hong Kong) Shipping Company Limited.
Golar LNG Limited (“Golar LNG”) is one of the world’s largest independent owners and operators of marine-based LNG midstream infrastructure, active in the liquefaction, transportation and regasification of natural gas. Its shares are listed on NASDAQ (NASDAQ: GLNG).
International law firm Ashurst advised the lenders on the financing for the US$4.9 billion Los Angeles International Airport Automated People Mover project (LAX APM), which reached financial close on 8 June 2018. The financing comprises $1.3 billion in private activity bonds, $270 million in bank debt and $103 million private partner equity.
Mayer Brown represented Canada Pension Plan Investment Board (CPPIB) on a $1.2 billion offering of green bonds led by CIBC World Markets Inc. and RBC. This is the first green bond sold by a pension fund globally.
This transaction was a record size for a single green bond transaction in Canada, according to Bloomberg data. Sold via its unit, CPPIB Capital Inc., the 10-year bonds were sold at a spread of 71 basis points over similar-maturity federal government bonds and offer a 3 percent coupon.
Global law firm White & Case LLP has advised Absa Bank Limited (acting through its Corporate and Investment Banking Division), as exclusive mandated lead arranger, sole underwriter and sole hedge provider, on the R6.6 billion financing for Mainstream Renewable Power's two wind projects in the Northern Cape and Western Cape provinces in South Africa.
Global law firm Norton Rose Fulbright has advised Enertronica S.p.A. on the structuring of N$100 million financing made available to the special purpose vehicle Sertum Energy Namibia (Proprietary) Limited and on the negotiation and finalization of the finance documents with Bank Windhoek.
Enertronica S.p.A is an Italian listed company active in the energy and mobility sectors.