Jones Day represented CaixaBank, S.A. in connection with its new secured credit facilities provided to Himoinsa Power Systems Inc. for the acquisition of new premises located in Olathe, Kansas.

For additional information about this matter, please contact: Javier López Antón
Client(s): CaixaBank, S.A.
Practice(s): Banking & Finance, Projects & Infrastructure, Real Estate
Office(s): Madrid, Chicago

Watson Farley & Williams (“WFW”) successfully advised Cerberus Capital Management (“Cerberus”), through its Spanish affiliate Renovalia Energy Group, S.L., on the €130M refinancing of a portfolio comprising four Spanish wind parks.

Milbank, Tweed, Hadley & McCloy LLP advised International Finance Corporation (IFC), UK Export Finance (UKEF) and a commercial bank group led by HSBC, ING, Société Générale and Standard Chartered Bank as the lenders on the financing of Vitol’s participation in the Offshore Cape Three Points (OCTP) oil and gas field project involving the development of the Sankofa-Gye Nyame fields in Ghana.

Ashurst has advised Australian renewable energy developer Edify Energy Pty Ltd (Edify Energy) on the completion of Australia's largest single solar project financing to build and operate three new large-scale solar farms: The Whitsunday and Hamilton Solar Farms in Queensland and the Gannawarra Solar Farm in Victoria.

Upon completion, the Victoria and Queensland markets will benefit from an expected additional 165 MW (AC) of renewable energy capacity by Q1 2018, generating enough electricity to power 87,000 households.

Since the summer of 2013, Herbert Smith Freehills has advised Vitol, a leading energy and commodities company with a turnover of US$168 billion, on its US$7 billion oil and gas project in Ghana with Eni. Herbert Smith Freehills has advised on the commercial contracts, including a US$500 million International Development Association (IDA) supported letter of credit structure to support timely gas payments under the offtake arrangements (the largest ever IDA political risk guarantee), as well as the up to US$1.65 billion multi-sourced financing of Vitol's minority interest.

Baker McKenzie has advised lenders Bayerische Landesbank and Arab African International Bank on the USD126 million project financing for Infinity 50 Renewable Energy S.A.E.

The sponsors are Egyptian solar developer, Infinity Solar, Solizer and German contractor, ib vogt GmBH.

The project involves the design, financing, construction, operation and maintenance of a 64.1 MWp solar photovoltaic power plant in Benban, Egypt. The financing comprises both a USD and an EGP Facility, with Euler Hermes (Germany's export credit agency) providing cover for the USD Facility.

DLA Piper has advised the Australian Renewable Energy Agency (ARENA) on project financial close for another of ARENA's multi-million dollar large-scale solar PV competitive funding round projects.
 
ARENA has committed up to AU$9.5 million in grant funding for the Whitsunday Solar Farm in Collinsville, Queensland – one of three large-scale solar projects to be developed by Edify Energy and Wirsol, along with the Hamilton Solar Farm and Gannawarra Solar Farm.
 

BLP Germany has advised Avignon Capital on the investment firm’s acquisition of hotels in Berlin and Frankfurt-am-Main for approximately €48.5m.

The hotels – operated by the European hotel chain Meininger – were purchased from an Irish family office.

Norton Rose Fulbright has advised Infinity 50 for Renewable Energy S.A.E. on the finance and project documentation for a 50MW solar PV park in Egypt.  The project reached financial close as part of Egypt’s solar feed-in-tariff (FIT) round one, making the project eligible for the FIT round one tariff of $0.1434 per kWh.  The Egyptian Electricity Transmission Company is purchasing all electricity from the project under a 25 year power purchase agreement.

Norton Rose Fulbright has advised a consortium of lenders in relation to the project financing of three onshore wind projects to be constructed by Banks Renewables Limited.

The projects are the 88MW Kype Muir and 51MW Middle Muir projects in South Lanarkshire and the 12MW Moor House wind farm near Darlington in northeast England. The projects are all supported by Contracts for Difference, having been successful in bidding for CFDs in the first auction round.