New York - Paul Hastings LLP, a leading global law firm, represented BBVA, as Administrative Agent, BBVA Bancomer, as Global Coordinator and Green Agent and the lenders in connection with a $400 million Senior Unsecured Green Term Loan Agreement entered into by Iberdrola México, S.A. de C.V., a subsidiary of the Spanish energy group.  The loan is the first green corporate loan in Latin America.  The proceeds will be used by Iberdrola to finance wind farms and other socially responsible projects in Mexico.

The Dublin office of DWF has acted for commercial German-based bank Norddeutsche Landesbank (NORD/LB) on a groundbreaking financing in the Irish social housing sector.

The Dublin office of international legal business DWF has acted for commercial German-based bank Norddeutsche Landesbank (NORD/LB) on a groundbreaking financing in the Irish social housing sector. The €50m transaction involved the devising of an innovative limited-recourse project finance structure for one of the largest Approved Housing Bodies (AHBs) in Ireland, Oaklee Housing.

Milbank, Tweed, Hadley & McCloy LLP has advised  CELSE – Centrais Elétricas de Sergipe on the financing for the Porto de Sergipe I Thermoelectric Complex. The Project, located in Barra dos Coqueiros in the State of Sergipe, is the largest cross-border energy related transaction in Brazil in recent years and the largest LNG-to-Power deal completed to date in Latin America.

Watson Farley & Williams (“WFW”) has advised ING Bank (“ING”), as agent, security trustee and the syndicate of lenders on the US$252m financing of the world’s first ever LNG-powered aframax tankers for leading Russian shipowner Sovcomflot Group (“SCF”).

The six 114,000dwt, ice-class vessels are being built by Hyundai Samho, with two of the vessels to operate under time charter to Shell for up to ten years. Shell will also provide LNG fuel for all six tankers across north-west Europe and the Baltic.

International legal practice Osborne Clarke has advised Aberdeen Standard Investments’ infrastructure debt team on its loan of over £43m to finance six operational hydro-electric schemes in Scotland.

 The hydro schemes are all accredited under the UK Government’s ‘Feed in Tariff’ programme, designed to subsidise and promote renewable energy generation. Participation in this programme ensures a fixed price per megawatt hour for the energy produced, protecting project revenues from fluctuations in electricity prices.

The six hydro-electric schemes are:

Matheson recently acted as Irish counsel for a syndicate of funders and lenders including Mitsubishi UFJ Financial Group (MUFG), the European Investment Bank, Sun Life Investment Managers and Talanx Asset Management in connection with the financing of Dublin Institute of Technology’s (DIT) €220 million Grangegorman Campus PPP project – one of Ireland’s largest educational campus developments financed through a public private partnership (PPP).

Clifford Chance and Yegin Ciftci advised the lenders on a landmark project: the privatisation of Menzelet and Kilavuzlu hydroelectric power plants which is the largest acquisition to date of hydroelectric power plants by a domestic investor in Turkey. This privatisation is an important step towards the future goal of all electricity being generated by private suppliers.

Paul Hastings LLP, a leading global law firm, announced today that the firm represented SMBC and Cofide, as lenders in connection with the $142 million financing of an off-grid solar project in Peru developed by Ergon Peru, a subsidiary of Tozzi Green.

Energy and Infrastructure partner Robert Kartheiser led the Paul Hastings team, which also included associate Thomas Sines and foreign associate Bruna Rey, with the assistance of Milan partners Lorenzo Parola and Marc-Alexandre Courtejoie and associate trainee Federica Piemonte.

Stephenson Harwood has advised International Bulk Thilawa Terminal Limited (IBTT), a joint venture between Lluvia, a Myanmar agri-processing company and Japan's Kamigumi, an integrated logistics firm, on a loan facility from the International Finance Corporation to develop a US$65 million port project at Thilawa Special Economic Zone in Yangon.  Lluvia's primary stakeholder is Capital Diamond Star Group, a leading Myanmar conglomerate with businesses across a range of sectors including real estate, retail, FMCG, healthcare and financial services.

We advised the Macquarie led Eriugena consortium on the financial close on the Dublin Institute of Technology’s Grangegorman Campus. The campus is one of Ireland’s largest educational campus developments financed through a public private partnership (PPP).

The buildings will provide world class facilities for DIT Colleges of Sciences and Health, Arts and Tourism and for the School of Electrical and Electronic Engineering and will allow the Institute to merge its current 39 locations across the city of Dublin together in one new state of the art campus.