Global law firm White & Case LLP has advised Vale S.A. and Mitsui & Co., Ltd. on the development and US$2.73 billion financing of the landmark Nacala Corridor Railway and Port Project, an integrated and transformative infrastructure project supporting growth along a regional corridor shared by two countries, Mozambique and Malawi.
Goltsblat BLP, the Russian practice of the international law firm Berwin Leighton Paisner (BLP), has advised a syndicate of the Eurasian Development Bank (EDB) and International Investment Bank (IIB) on a project finance transaction for the construction of two hydro-power plants with a total capacity of 49.8MW in the Republic of Karelia, northwest Russia.
The RUB 8.15bn facility will be repaid in 12 years. This is also a pilot project in Russia for the New Development Bank set up by the BRICS countries, as the creditors have used its resources for funding.
The Energy, Natural Resources and Infrastructure team projects team at Simmons & Simmons advise EKF Denmark's Export Credit (EKF).
Norton Rose Fulbright has advised the Global Climate Partnership Fund on a US$20 million corporate loan to Singapore-based Cleantech Solar Asia Pte. Ltd., a solar-as-a-service solution provider which finances, installs, operates and maintains rooftop solar power plants for businesses in the Asia Pacific region.
The loan will allow Cleanteach Solar to finance more pan-Asia rooftop solar power plants which will in turn help corporates in the region to attain their goal of being sustainable and responsible business leaders, and also hedge against volatile power prices.
Ashurst advised Societe Generale on the financing of the acquisition of 2,600 residential and 110 commercial units by real estate investor Velero Partners. The portfolio with a total size of 173,000 square meters generates an annual net cold rent of €9.2 million. The objects are mainly located in the NRW region cities of Essen, Duisburg, Gelsenkirchen and Bochum. The parties have agreed not to disclose the identity of the seller, the financing volume and the purchase price.
Watson Farley & Williams (“WFW”) has advised institutional investors on the long-term financing for the acquisition of a 50% stake in the 659 MW Walney Extension offshore wind farm. Leading Danish pension funds PKA and PFA have each acquired a 25% ownership interest from Ørsted (formerly known as DONG Energy) in the deal which is valued at £2bn, of which £1.3bn is being funded through the issuance of an investment-grade bond. The deal has received regulatory approval from relevant competition authorities and completed on 10 November 2017.
Watson Farley & Williams (“WFW”) advised Alpha Bank AE (“Alpha Bank”) on raising financing of US$250m from Citibank through the securitisation of part of its shipping portfolio. The upsize securitisation transaction follows Alpha Bank’s first shipping securitisation issuance which raised US$500m in 2014, and represented the first shipping securitisation transaction completed by a Greek bank.
DLA Piper announced today that it represented Canadian investor Stoneway Capital Corporation on two significant transactions, completed on November 15, 2017, related to the construction of a combined-cycle power plant in the province of Buenos Aires, Argentina. Headquartered in Buenos Aires, Stoneway Capital is completing construction of 686.5 MW of generating capacity that will supply electricity under long-term power purchase agreements with CAMMESA, the operator of the wholesale electricity markets in Argentina.
Firm advises sponsors on $1.74 billion financing of Cirebon coal-fired power plant expansion project in Indonesia
Latham & Watkins advised the sponsors in the US$1.74 billion financing for the development of the Cirebon coal-fired power plant expansion project in Indonesia.
Watson Farley & Williams (“WFW“) has advised UniCredit S.p.A. on the circa €40m project financing of a 54 MW wind plant located in Grottole Municipality, in the Basilicata region of Italy.
The plant is owned by an SPV of Fri-El Group, one of Italy’s leading green energy company, active in the Italian wind sector since 2002.
UniCredit is a major Italian global banking and financial services company.