International law firm Ashurst has advised Westpac Banking Corporation, MUFG Bank, Ltd. and MUFG Securities EMEA plc on a A$204M refinancing of The Partnerships Victoria in Schools PPP Project for AMP Capital Community Infrastructure Fund.

The Partnerships Victoria in Schools PPP Project saw a public private partnership established to leverage private sector expertise to design, build, finance and maintain 11 new schools located in Melbourne's west, south and north.

Global law firm Norton Rose Fulbright has advised Eurobank Ergasias and Alpha Bank on the €202 million non-recourse refinancing of a renewable energy projects portfolio operated by three subsidiaries of Total Eren, in Greece. The portfolio consists of five wind parks and seven solar photovoltaic parks with a total installed capacity of 162.4MW. This is the largest refinancing in the Greek renewable energy market.

Matheson recently advised international lender, HSH Nordbank AG (“HSH Nordbank”), on its financing of a proposed onshore wind farm near Clogheravaddy, County Donegal.  Clogheravaddy Wind Farm is being developed by ABO Wind, a leading renewable energy developer in the Irish and European markets.  Matheson worked closely on this transaction with Hogan Lovells (Hamburg) who advised HSH Nordbank as German law counsel on the transaction.

Watson Farley & Williams (“WFW”) advised BNP Paribas (“BNPP”) as co-ordinating bank and agent, together with a syndicate of four other banks as lenders, in connection with a US$439m SINOSURE-backed financing of 86 exhaust gas cleaning systems (“scrubbers”) for the MSC Mediterranean Shipping Company SA (“MSC”) group.

CMS has advised a club of 7 commercial banks including Nedbank Limited, London Branch in relation to a reserve based lending (RBL) facility for Verus Petroleum, which has been amended and restated to be used to part fund the completion of Verus’ acquisition of:

an interest in the Babbage gas field acquired from Premier Oil in December 2018

CIECO Exploration & Production (UK) in November 2018; and

an interest in the Alba field acquired from Equinor in November 2018

Global law firm White & Case LLP has represented BlackRock Investment Management (UK) Limited, BNP Paribas, Mizuho Bank, Canadian Imperial Bank of Commerce and Royal Bank of Canada as senior lenders in respect of the A$211 million refinancing of Epic Energy.
 

Watson Farley & Williams (“WFW”) advised RIVE Private Investment on the project financing of the Valiente and Sotillo wind parks, with a combined installed capacity of 35 MW, in Zaragoza, Spain. The deal was closed on 16 January 2019, following signing on 27 December 2018.

Both wind parks are owned by Spanish energy Company Villar Mir Energía and are of the “merchant” type, without subsidy or premium. The Sotillo wind farm is under construction and due to be operational in Q1 2020, while Valiente has been up and running since 2018.

International law firm CMS has advised a group of lenders led by Allied Irish Bank (GB) (“AIB”) as Agent and Structuring Bank on the £120m refinancing of two biomethane anaerobic-digestion (AD) facilities (and its related feedstock business) in Cambridgeshire, England. AIB led a syndicate of seven other lender entities.