The Madrid office of international law firm Watson Farley & Williams (“WFW”) has successfully advised Compañía Trasmediterránea, S.A. (“Trasmediterránea”) on the Spanish tax lease financing for the construction of a new ferry by Factorías Vulcano S.A. (“Vulcano”). Banco Santander S.A. acted as structuring bank and the transaction was backed by Spain’s Instituto de Crédito Oficial.
Watson Farley & Williams (“WFW”) has advised the French Ministry of Defence in connection with the refinancing in the form of bonds of the public-private partnership/PPP regarding the “French Pentagon” project located in the Balard district of Paris.
Simmons & Simmons wins Project Finance Deal of the Year at the IFLR Europe Awards 2017 for their contribution to ‘Solar Storm’.
Solar Storm was the working project name for an innovative PPP project, designed to create a Government-wide renewable energy framework to enable the Government to become more energy self-sufficient and utilise renewable energy generated on parts of the public estate. The fund was designed to reduce the cost of capital to deliver maximum value for the tax payer and public sector energy consumers.
The European Investment Bank (EIB) finances €75 million to upgrade the Barcelona ZAL Port’s logistics facilities
Cilsa, the management company of the Port of Barcelona’s logistics zone (ZAL), has entered into a €75 million loan agreement with the European Investment Bank (EIB) to build new logistics and warehousing facilities, which will allow it to increase its capacity and improve its efficiency and sustainability.
King & Wood Mallesons (KWM) has advised Origin Energy on the sale of its Darling Downs Solar Farm project in Queensland to APA Group.
Under the terms of the transaction, Origin will purchase all power from the 110MW Queensland solar farm once it becomes operational in 2018 until 2030. Origin will also acquire the associated Renewable Energy Certificates.
King & Wood Mallesons (KWM) has advised Palisade Investment Partners and ESCO Pacific on the financing for the development and construction of Australia’s largest single-stage solar development venture, the 148 MW Ross River Solar Farm project.
The project, which features about 420,000 crystalline solar photovoltaic panels, was developed by ESCO Pacific and Palisade Investment Partners, and is being funded by Palisade Investment Partners.
Herbert Smith Freehills has advised Australia and New Zealand Banking Group (ANZ), The Bank of Tokyo-Mitsubishi UFJ (BTMU) and Westpac Banking Corporation (Westpac) on the project financing for the construction, commissioning and operation of the A$225 million Ross River Solar Farm - the largest solar project to reach Financial Close in Queensland to date.
DLA Piper has advised the Australian Renewable Energy Agency (ARENA) on the 110 MW (AC) Darling Downs Solar Farm in Dalby, Queensland – the latest in the large-scale solar competitive round to reach Project Financial Close.
The Darling Downs Solar Farm was originally proposed by Origin Energy Limited, who have since sold the project, with a 13 year offtake, to APA Power Holdings.
Watson Farley & Williams (“WFW”) has advised HSH Nordbank AG (“HSH Nordbank”) on the financing of the Finnish onshore wind farms “Haukineva” and “Jeppo”.
HSH Nordbank provided a long-term financing of €22.1m to developer European Energy A/S for the wind farm projects, which are located in the municipalities of Uusikaarlepvy and Kurikka in Finland, and have a total nominal capacity of 13.8 MW.
Stephenson Harwood (Singapore) Alliance has advised HI Investment & Securities Co. Ltd on the US$209 million acquisition and financing of two Boeing 777 aircraft, on lease to Emirates. HI is a member of the Hyundai Heavy Industries Group.
The aircraft were purchased by two Cayman Islands incorporated special purpose vehicles established by HI Investment & Securities, from a Chinese leasing company, and remain on lease with Emirates following the acquisition.