International legal practice Osborne Clarke has advised NatWest on the financing of Solarplicity’s first roll-out of SMETS1-compliant smart meters to UK energy customers.
The financing will pave the way for further funding by NatWest of Solarplicity’s smart meter business.
Global law firm White & Case LLP has advised Goldman Sachs & Co. LLC, Inter-American Investment Corporation (IDB Invest), International Finance Corporation (IFC) and Swiss Export Risk Insurance (SERV) in structuring approximately R$5.0 billion (US$1.8 billion) in financing for the design, construction and operation of a 1,516 MW thermoelectric power plant in Brazil.
Global law firm White & Case LLP has advised the bank syndicate including the European Investment Bank (EIB), AUXIFIP, Banca IMI (Intesa Sanpaolo Group), Caisse Regionale de Credit Agricole Alsace Vosges, CaixaBank, Ceskoslovenska obchodni banka and KBC Bank, as well as CA-CIB as agent, on the EU186 million financing for the Strasbourg western bypass motorway (A355) concession to be built and operated by ARCOS (Vinci Group).
On 25 April 2018, ARCOS (VINCI group) signed the agreements for financing the concession for the Strasbourg western bypass highway, also known as the A355.
The A355 is a two-lane motorway covering 24 kilometres, which will facilitate long-distance transit by avoiding systematic passage through Strasbourg. This new road will supplement the existing network, improve road safety, and reduce traffic congestion on the A35.
The concession contract was entered into on 29 January 2016 by ARCOS and the French Ministry in charge of transports, for a period of 54 years.
Milbank, Tweed, Hadley & McCloy advised Star Energy Geothermal (Wayang Windu) Limited (“Star Energy”) in its US$580 million offering of 6.75% green bonds due 2023 under 144A and Regulation S of the Securities Act. The proceeds of the bond issuance will be used to refinance debt of Star Energy that had funded the acquisition of two geothermal assets, the Salak and Darajat geothermal fields.
International legal practice Osborne Clarke advised Green Frog Power on the £100M development and project financing of its existing 231MW and additional 180MW of flexible gas-fired power generating capacity in the UK.
The financing was provided by an initial club of banks comprising Lloyds, HSBC and NIBC and will allow for further additional capacity of up to 110MW.
Clifford Chance acts as international counsel for the Lenders under the project financing for the design, construction and operation of the Terminal Portuario General San Martín-Pisco located in Paracas, Perú.
Banco Santander and CAF were advised as Original Lender, Structuring Bank and Mandated Lead Arranger in the USD 183,022,793 long term loan financing for the construction of the General San Martin port terminal in Pisco (Perú). Leading investment and development bank, Cofide acted as participant having Santander as its fronting bank.
Dentons acted as legal counsel to DTEK Renewables B.V. on the implementation of a project for the construction of a solar power plant (SES) with an established capacity of 200 MW in Nikopol district (Dnipropetrovsk region). After its construction, the Nikopol SES will be the most powerful solar power station in Ukraine and will become one of the largest in Europe. The project cost is estimated at €230 million.
Watson Farley & Williams LLP (“WFW”) acted for Crédit Agricole Corporate & Investment Bank in relation to a US$173.5m loan facility for Euronav NV signed on 22 March 2018. This facility provides financing for four ice-class suezmax newbuildings under construction by Hyundai Samho Heavy Industries Co., Ltd., two of which have recently been delivered with the remaining two scheduled for delivery later in 2018.
Ashurst advised Norddeutsche Landesbank Girozentrale, as lender and agent, and Siemens Bank GmbH as lender, on the project financing granted to Lucania Wind Energy S.r.l., recently acquired by Danish company European Energy AS. Part of the facilities were funded by KfW.
The facilities will be used for the construction of a 39 MW wind power plant in Basilicata, one of the few wind farms in Italy under construction which benefits from the incentive tariff.