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Banking & Finance - Capital Markets: Structured/Project Finance

Ashurst advises the lenders on the financing of a captive PV project in Jordan

11 Dec 2018

International law firm Ashurst advised the lenders on the financing of a captive 15.64 megawatt solar photovoltaic power project in Jordan (the Project) to be built and operated by a subsidiary wholly-owned by Adenium Energy Capital Ltd.

The plant will be constructed in Rashidiya, which is situated 4 kms from Tafila in Jordan. The electricity generated will be used to power a cement plant adjacent to the site under an energy savings contract and based on a net metering arrangement. This Project is one of the very few private offtaker transactions in the Middle East.

WFW advises EKF on £3.5bn+ Hornsea One mega offshore wind farm acquisition financing

11 Dec 2018

Watson Farley & Williams (“WFW”) has advised Danish export credit agency (“ECA”) EKF Danmarks Eksportkredit (“EKF”) on its provision of guarantees to commercial and institutional lenders on a £3.5bn+ multi-tranche financing package to Global Infrastructure Partners (“GIP”) for the acquisition of a 50% stake in Ørsted’s 1.2 GW Hornsea One offshore windfarm.

Ashurst advises on Japan Bank for International Cooperation, EKF and the commercial lenders Moray East offshore wind farm financing

07 Dec 2018

International law firm Ashurst has advised Japan Bank for International Cooperation (JBIC), EKF, Denmark's Export Credit Agency, and 16 commercial banks on the financing of the Moray East offshore windfarm, which achieved financial close on December 6th. The project sponsors are EDPR, Mitsubishi Corporation, Engie, Kansai Electric and Mitsubishi UFJ.

The JBIC, EKF-backed and commercial term loans and various ancillary facilities amount to approximately £2.6 billion.

Ashurst advises the lenders on the financing of a captive PV project in Jordan

06 Dec 2018

International law firm Ashurst advised the lenders on the financing of a captive 15.64 megawatt solar photovoltaic power project in Jordan (the Project) to be built and operated by a subsidiary wholly-owned by Adenium Energy Capital Ltd.

The plant will be constructed in Rashidiya, which is situated 4 kms from Tafila in Jordan. The electricity generated will be used to power a cement plant adjacent to the site under an energy savings contract and based on a net metering arrangement. This Project is one of the very few private offtaker transactions in the Middle East.

Herbert Smith Freehills’ renewables experts advise on A$140 million ‘Samurai’ project refinancing of Waterloo Wind Farm

06 Dec 2018

Herbert Smith Freehills has advised MUFG Bank, Ltd., (MUFG) on the A$140 million ‘Samurai’ refinancing of the Waterloo Wind Farm.

Under the terms of the refinancing, MUFG has been appointed sole mandated lead arranger, underwriter, bookrunner and swap provider for the term loan facility which will be syndicated to a group of Japanese banks (hence the ‘Samurai’ name).

Dentons advises Enlight Renewable Energy on the construction and financing of three solar power plants in Hungary

04 Dec 2018

Dentons advised Enlight Renewable Energy on the contract negotiations for the construction of three solar power plants in Hungary, with an aggregate capacity of appx. 57 MW. The firm also assisted Enlight in obtaining HUF 15 billion (around EU45 million) in financing for the project.

Clifford Chance advises lenders on a wind farm project financing under Argentina's RenovAr program

30 Nov 2018

Clifford Chance advised the Inter-American Investment Corporation ("IDB Invest") - acting on behalf of the Inter-American Development Bank ("IDB"), as well as KfW Group, KfW IPEX-Bank GMBH and EKF Denmark's Export Credit Agency - on the US$108 million project financing for the Bicentenario 125,2 MW renewable wind energy power plant located in the Province of Santa Cruz, Argentina.

Clifford Chance advises a syndicate of banks on financing a Biomass Plant in Argentina

27 Nov 2018

International law firm Clifford Chance has advised a syndicate of banks consisting of CIFI (lender and arranger), Banco Ciudad de Buenos Aires, Banco Itaú Argentina and Compañía Española de Financiación del Desarrollo COFIDES in connection with the financing of an 18 MW Biomass Plant located in the province of Corrientes, Argentina, using a multijurisdictional team of lawyers coordinated from Madrid and led by José Guardo, head of the Spanish Banking and Finance practice area, and Epifanio Pérez, partner of the Banking and Finance practice ar