DWF Italy has advised GILDEMEISTER energy solutions GmbH, a manufacturer of machine tools and provider of integrated technology and automation solutions, in building the world's first utility scale solar project on a 330ha area in the Gobi Desert, Mongolia.

The project, which will be connected to the Mongolian power grid, boasts a performance of 30 MW and will produce 57,000 MWh a year. This will provide 27000 homes in the neighbouring city, Sainshand, with renewable energy and reduce CO² emissions compared to the homes being powered by conventional energy methods.

Global law firm Norton Rose Fulbright has advised KFW IPEX Bank GmbH and Skandinaviska Enskilda Banken AB (PUBL) on the financing of the Hedet wind power project, which has been developed by Neoen and Prokon Finland. The financing was signed on December 19, 2018.

Hedet wind farm is based in Finland, and the output of the farm will be sold to Google under a corporate PPA. The wind farm will generate 81MW of electricity, with Nordex acting as turbine supplier and EPC contractor.

Global law firm Norton Rose Fulbright has advised the Ministry of Finance of Angola on the financing of commercial contracts for the expansion and modernisation of the Port of Namibe in Angola. The multi-tranche credit line of several hundred million US Dollars is provided by Japanese Bank for International Cooperation (JBIC) and other Japanese financial institutions, with support from Nippon Export and Investment Insurance (NEXI). The transaction marks a key milestone in the relationship between Angola and Japan.

The Banking & Finance team of Bryan Cave Leighton Paisner (Russia) LLP, formerly Goltsblat BLP in Russia, has acted successfully for the Far East and Baikal Region Development Fund on a RUB 2 bn secured loan for construction of a new terminal at Khabarovsk International Airport servicing domestic flights and the airport infrastructure.

Watson Farley & Williams (“WFW”) advised long-standing client MSC Cruises S.A. (“MSC Cruises”), the world’s fourth largest cruise operator, regarding two loan facilities for the development of its private resort island in the Bahamas known as “MSC Ocean Cay Marine Reserve” (“Ocean Cay”). The financing arrangements consist of:

a €100m Bpifrance Assurance Export backed facility agreement with HSBC France and Unicredit Bank AG as mandated lead arrangers and HSBC France as facility agent; and