Global law firm Norton Rose Fulbright has advised a consortium of lenders and financial institutions in relation to the financing of the £2.6bn Beatrice offshore wind farm in Scotland. The senior debt comprised facilities from 13 commercial lenders, along with EKF (Eksport Kredit Fonden) and European Investment Bank.

Offshore construction of the 588MW site is expected to begin in 2017 and be operational in 2019. It is anticipated that the project will power approximately 450,000 homes.

Nicholas Pincott, partner, comments:

Linklaters has advised the sponsors, SSE Renewables, Copenhagen Infrastructure Partners and SDIC Power on the construction and financing of the £2.6bn 588-megawatt, 84 turbine Beatrice offshore wind farm. Linklaters advised on all aspects of the project, including on the £1.9billion debt financing, which involved 13 commercial lenders, the European Investment Bank (EIB) and the Danish export credit agency Eksport Kredit Fonden (EKF).

Istanbul, Turkey, May 20, 2016 - Baker & McKenzie has assisted ING with its provision of a loan to Acibadem, one of Turkey’s leading healthcare groups, for the purchase of healthcare equipment from a German manufacturer.

International law firm Simmons & Simmons has advised the Ministry of Defence (‘MOD’) on the financial closing of its latest training package: Rotary Wing aircraft, under the tri-service UK Military Flying Training System. The Rotary Wing Training Package involves the delivery of 32 Airbus aircraft – H135 (x29) and H145 (x3) – and new infrastructure and ground-based training equipment.

Tokyo, Japan, May 19, 2016 – Baker & McKenzie provided legal advice on a mega solar project being developed by Trina Solar Ltd., a Chinese photovoltaic manufacturer, in Ishinomaki City, Miyagi Prefecture, Japan. Trina Solar is a world-leading solar modules manufacturer and solar power plant development, construction, solution Service Company and is working together with GE Energy Financial Services to invest in the 14-megawatt power plant.

Herbert Smith Freehills Paris LLP has recently advised Meridiam, a leading global investor and asset manager specialising in public and community infrastructure, on financing for the Senergy plant in Senegal, the largest solar photovoltaic power plant in West Africa. With 30 MWc in nominal capacity, the plant will be located near Méouane, in the Thiès region, northwest of Dakar.

International law firm Watson Farley & Williams (“WFW“) advised MPS

Capital Services Banca per le Imprese S.p.A. (”MPS”) on the approximately €21m refinancing and partial financing, on a project finance basis, of a Belenergia S.A.’s (“Belenergia”) pohotovoltaic portofolio located in the Apulia region of southern Italy.

NautaDutilh assisted the French investment fund Fonds Européen des Matériaux in connection with its EUR 1,000,000 investment project in the share capital of iSTAR MEDICAL SA, a Belgian company developing and commercializing devices in the field of ophthalmology.

Clifford Chance advised KfW IPEX-Bank on the non-recourse financing of a 30.1 MWp PV- and 45.8 MWp Wind-Projects Portfolio in France, consisting of the four photovoltaic plants of the Cap Découverte project, the two wind plants of the Raucourt II project and the three wind plants of the Bussy-Lettrée project with NEOEN S.A.S. as project sponsor.

Linklaters has advised the sponsors on the £1.3billion project financing for one of the world’s biggest offshore wind farms, being developed off the UK coast.

The 402-megawatt Dudgeon project, under construction off the north Norfolk coast, is the first offshore wind farm to obtain financing under the UK government’s new contract for difference (CfD) system for supporting renewables. Linklaters is also advising on the Beatrice offshore windfarm financing, the MGT biomass project and a number of other project financings contemplated for CfD projects.