The 1,000 MW coal-fired power plant using cutting-edge ultra-supercritical technology will be one of Asia’s largest expansion projects

Watson Farley & Williams (“WFW”) advised Höegh LNG Ltd (“Höegh LNG”) on the US$230m debt financing for its eighth floating storage and regasification unit (“FSRU#8”) currently under construction at Hyundai Heavy Industries (“HHI”) in South Korea.

Allen & Overy LLP has advised Commerzbank Aktiengesellschaft in connection with the financing of the Haute Epine wind farm in France.  The Haute Epine wind farm consists of nine 2.0M100 Senvion turbines and has a capacity of 18 megawatt in total.  Project developer and operator of the wind farm is Volkswind GmbH.  Volkswind GmbH is a member of the Swiss AXPO Group and one of the leading project developers in Germany and abroad.

Watson Farley & Williams (“WFW”) has advised Teekay LNG Partners L.P. (“Teekay LNG”) on the US$327m long-term financing signed in November 2017 to fund a floating storage unit (FSU) for the Bahrain regasification project, and one M-Type, Electronically Controlled, Gas Injection (MEGI) liquefied natural gas (LNG) carrier newbuilding. The FSU will be chartered over 20 years from the third quarter of 2018 and the MEGI LNG carrier has a 13-year charter contract with BP starting in early 2019.

Watson Farley & Williams (“WFW“) has advised a syndicate of banks (including Banca IMI as Agent Bank, Mediocredito Italiano S.p.A., UBI Banca S.p.A. and Cassa dei Risparmi di Forlì e della Romagna S.p.A.) on the circa €60m project financing of 25.2 MW biomass plant located in Sant’Agata di Puglia Municipality (Foggia, Apulia Region, Italy).

Global law firm White & Case LLP has advised Nexif Energy on the AUD $190 million project financing and offtake arrangements for the 126 MW stage one of the Lincoln Gap Wind Farm, located near Port Augusta, South Australia.

Stage one includes a utility scale 10 MW battery storage to help improve the reliability of the electricity grid. Offtake arrangements have also been entered into with ERM and Snowy Hydro.

Norton Rose Fulbright has advised a consortium of lenders, led by International Finance Corporation (IFC), on the US$ 653 million financing of 13 solar power projects in Egypt. The projects are being developed by six separate Sponsor groups as part of Round 2 of Egypt’s Feed-in-Tariff Financing programme and will form part of the Benban Solar Park, which, once complete, will be the largest solar installation in the world.

Reed Smith was pleased to advise longstanding client London & Regional Properties (L+R) on the refinancing of its Atlas Hotel portfolio, consisting of approximately 50 hotels which it purchased for circa £575 million in 2016.

The refinancing was led out of London by Jimmy Theodorou, vice-chair of the firm’s Real Estate Group, in collaboration with real estate finance partner Fran Sepúlveda, harnessing Reed Smith’s strong and proven capabilities in real estate and real estate finance.

Eversheds Sutherland has advised Bayerische Landesbank (BayernLB) on the financing of 100 New Oxford Street, London, a mixed-use commercial property. BayernLB financed 50 per cent of the £180 million purchase price.

Acquired by AEW (for two German institutional investors), one of the world's largest real estate asset managers, and Thor Equities, a leading development, leasing and management company, 100 New Oxford Street houses shops, restaurants and offices.

Addleshaw Goddard's Manchester Asset Based Lending team has advised Speedy Hire Plc, the UK's leading tools, equipment and plant hire services company, on the amendment and extension of its existing bank facilities.