Clifford Chance represented the lenders – Corporación Andina de Fomento (CAF), Banco de Inversión y Comercio Exterior S.A. (BICE) and Banco de la Ciudad de Buenos Aires – in the financing of the 100.1 MWp PV plant being developed by Canadian Solar in the Province of Salta, Argentina. The Cafayate project was awarded during RenovAr 1.5, the second clean energy auction arranged by the Argentine government to promote the use of renewable energy in the country. It is the first solar project developed in the Province of Salta.

Watson Farley & Williams (“WFW”) advised BPER Banca S.p.A. (“BPER”) on the up to US$8m+ financing to Augustea Navigation S.r.l. to refinance its acquisition of a bulk carrier built in 2010 under an Italian flag.

BPER Banca S.p.A., formerly known as Banca Popolare dell’Emilia Romagna S.C., is a commercial and co-operative bank and the parent of the BPER Group, one of Italy’s leading banking groups. The group focuses primarily on small and medium enterprises with a strong international client base.

Watson Farley & Williams (“WFW”) advised UniCredit S.p.A. (“Unicredit”) on the long-term project financing, through its Infrastructure & Power Project Finance division, of the Bel Lavello wind park, located in the southern Italian region of Basilicata. As part of the project, 12 3.3 MW wind turbines (for a total installed capacity of 39.6 MW) manufactured by Denmark’s Vestas Group are to be installed. The park was connected to the grid on 24 December 2018.

Simpson Thacher represented Testa in its EUR 1.9 billion financing in connection with a large portfolio of residential units located across Spain.

The financing follows the agreement entered into by Blackstone in October 2018 to purchase a majority stake in the company which Simpson Thacher also assisted on. Testa currently owns and manages more than 10,600 residential units in the main Spanish cities and regions.

The Simpson Thacher team who acted on the financing included Tom Lloyd, Luke Murphy and Alexandre Rakotovao (Real Estate).

Global law firm White & Case LLP has advised the senior lenders to Bright Energy Investments, the renewable energy investment vehicle established by Synergy with DIF and CBUS, on the limited recourse project financing of the development of the Warradarge Wind Farm in Western Australia.

The Warradarge Wind Farm is a 180 MW greenfield project located near Eneabba in Western Australia and upon completion, is expected to generate sufficient electricity to power 135,000 Western Australian homes.

Herbert Smith Freehills has advised the Commonwealth Bank of Australia and Westpac Banking Corporation on the project financing of Darlington Point Solar Farm, to be located approximately 10km south of Darlington Point in western New South Wales.

At financial close on 21 December 2018 funds managed by Octopus Investments acquired a majority stake in the project, their first in the Australian renewables market. Edify Energy has been developing the 275 MW(AC) solar farm, which will be Australia’s largest solar PV farm upon completion.

Dechert LLP advised Natixis, La Banque Postale, as well as Banque Internationale à Luxembourg, in connection with the financing of the construction of a retail center by the Ceetrus group in Luxembourg.

This retail center of 75,000 m2 GLA is located in the emblematic "Cloche d’Or" neighborhood which brings together schools, a rescue and training center, upmarket residential housing and major offices within a 20ha landscaped green space.