Global law firm White & Case LLP has advised BMCE Bank, as lender to the Société d’Eau Dessalée d’Agadir and Aman El Baraka Company on the financing, design, construction and operation of a mutualized desalination plant to provide drinking and irrigation water to the Souss Massa region in Morocco.
King & Wood Mallesons (KWM) has advised the Clean Energy Finance Corporation, Westpac Banking Corporation and Sumitomo Mitsui Banking Corporation on the $113 million debt facility to design, construct and operate the 135 MW Crudine Ridge Wind Farm near Mudgee in NSW.
The Crudine Ridge Wind Farm is being developed by CWP Renewables (CWP) and Partners Group (PG) under their new Grassroots Renewable Energy Platform and has a partial Power Purchase Agreement with Meridian Energy. GE and Zenviron will construct the project installing 37 GE 3.63 MW wind turbine generators.
International legal practice Osborne Clarke has advised M&G Real Estate (acting via its general partner) on its forward funding of a new build-to-rent residential development in Reading.
Thames Quarter, Reading is a development of 315 one, two and three-bedroom apartments, which will be ready in 2021.
Osborne Clarke Partner Rajindh Mangat said: “Our team has supported this residential fund on a number of exciting BTR deals during the last few years and the market in this sector continues to grow.”
Herbert Smith Freehills has advised MUFG Bank, Ltd. (MUFG), Societe Generale and Mizuho Bank, Ltd. (Mizuho) on the project financing of the 87 MW Beryl Solar Farm in the New South Wales Central Tablelands.
The Beryl Solar Farm, developed by First Solar, is located five kilometres west of Gulgong in New South Wales, and will consist of approximately 260,000 First Solar thin film photovoltaic modules. Once complete, it will produce enough solar energy to power about 25,000 homes. The project achieved financial close on 11 May 2018.
Watson Farley & Williams (“WFW”) advised ADIF-Alta Velocidad (“ADIF-AV”), the Spanish state-owned high-speed rail infrastructure administrator, on legal and documentation matters related to their second green bond issuance. The €600m bond, which has an 8-year term at a 1.25% rate of interest, was placed via a syndicate of international banks comprising BBVA, HSBC Bank Plc, Société Générale and Santander.
Global law firm Norton Rose Fulbright has advised International Finance Corporation (IFC) and European Bank for Reconstruction and Development (EBRD) in relation to the US$215 million debt financing to Vetroelektrane Balkana or Wind Energy Balkan Group (WEBG) for the construction, commissioning and operation of the 158MW Cibuk 1 wind farm in the north east of the Republic of Serbia.
Linklaters advised the lenders on the £68.4 million holdco financing of the operational Brockloch Rig and Crystal Rig III onshore wind farms in Scotland.
Watson Farley & Williams (“WFW“) has advised BPM S.p.A. (Gruppo Banco BPM – “BPM”) and Mediocredito Centrale S.p.A. (“Mediocredito”) on a financing of up to €18.2m to Marnavi Chem S.r.l. (“Marnavi Chem”), for the construction of a chemical tanker at Chinese shipyard Shuangliu Wuchang Shipbuilding Industry Co. Ltd.
Leading international law firm Hill Dickinson has advised property developer Qualis Residential Developments Limited on a significant new residential-led development in Sheffield. The firm advised on the acquisition of the land at Chatham Street and secured the development finance facility for the Great Central project.