Norton Rose Fulbright has advised sponsors Ferrostaal Industrial Projects (Germany), Engie (France) and the Danish Investment Fund for Developing Countries on the development and financing of the 55MW wind farm at Sainshand in Mongolia. The operation of the wind farm will contribute to reducing Mongolia’s carbon emissions as well as meeting its increasing power demand.

The Sainshand wind farm area is located 15km north-east of Sainshand City, in an area of 1,020m above sea level. Completion of construction of the project is expected to be achieved in January 2019.

Norton Rose Fulbright recently advised the lenders in three major renewable energy project financings in Mexico, which are among the first deals to reach financial closing under Mexico’s new long-term clean energy auctions. The deals included two related solar PV energy plants, Solem One and Two, as well as one wind project, the El Mezquite wind farm.
Solem solar PV projects

Norton Rose Fulbright recently advised the lenders in three major renewable energy project financings in Mexico, which are among the first deals to reach financial closing under Mexico’s new long-term clean energy auctions. The deals included two related solar PV energy plants, Solem One and Two, as well as one wind project, the El Mezquite wind farm.
Solem solar PV projects

Clifford Chance advised Mizuho Bank, Ltd. as administrative agent and lender, Mizuho Securities USA LLC as lead arranger, and Sumitomo Mitsui Banking Corporation as lead arranger and lender in connection with the US$396 million financing for the expansion of the Line 1 subway in Lima, Peru.

Watson Farley & Williams (“WFW”) advised a consortium of banks consisting of KfW IPEX-Bank, Natixis, Santander, CIBC, Commerzbank, Helaba, National Bank of Canada, Rabobank, Société Générale and Sumitomo Mitsui Banking Corporation, as lenders on the €988m financing of the Deutsche Bucht offshore wind farm project. The 252 MW offshore wind project, which reached financial close in August 2017, is owned by Canadian energy company Northland Power Inc., which also owns two other similar projects.

British Wind Energy GmbH (“BWE”), a wholly-owned subsidiary of Northland Power Inc., has today successfully achieved Financial Close for the approximately EUR 1 (one) billion project financing of its offshore wind farm project Deutsche Bucht (“Deutsche Bucht”). The non-recourse project financing has been entered into with a consortium of 10 commercial banks, including the KfW-IPEX, Commerzbank, Natixis, Santander, National Bank of Canada, SMBC, CIBC, Helaba, Société Générale, and Rabobank.

Shearman & Sterling advised International Finance Corporation (IFC), along with Singapore-based specialist provider of structured finance solutions, Clifford Capital and CDC Group plc, the UK government’s development finance institution as the lenders in connection with the financing of the approximately US$412 million, 414MW (gas) / 333MW (fuel oil) greenfield, dual-fuel Sirajganj Independent Power Producer (IPP) power project.

Global law firm White & Case LLP has advised doBank S.p.A. on 'Project Fino', the €17.7 billion disposal of three non-performing loan portfolios originally owned by UniCredit S.p.A.

Two of the three portfolios have been sold to, respectively, Fino 1 S.r.l. and Fino 2 S.r.l., which have financed their acquisitions through a securitization structure utilising the issuance of asset-backed notes subscribed by Fortress and UniCredit S.p.A. doBank S.p.A. has been appointed as master servicer and special servicer on the securitizations.

Norton Rose Fulbright has acted as the Australian legal advisers to the Walter and Eliza Hall Institute of Medical Research on the partial monetisation of a royalty due for sales of venetoclax, a new anti-cancer drug.

This significant US$325 million deal positions the Institute as a globally recognised innovator in medical research and comes after three decades of ground-breaking scientific discoveries made at the Institute.

Herbert Smith Freehills has advised Whitehaven Coal Limited on the refinancing of its senior secured bank facilities provided by a syndicate of Australian and international banks. Whitehaven is Australia’s largest independent coal miner.

The facilities, which mature in July 2021, provide Whitehaven with an aggregate of A$1.2 billion term and guarantee lines of credit for general corporate purposes and replaces its existing debt facilities with more favourable terms.