Clifford Chance advised Delta Solar and Aloe Invest on a solar PV plant portfolio refinancing. Delta Solar, one of France's top five solar operators, has successfully refinanced a portfolio of nine photovoltaic parks located in various parts of southern France and Corsica with a total installed capacity of 67.3 MWp.
Baker & McKenzie has advised Neoen, a leading French renewable energy company, on debt financing for the 100MW first stage of its Hornsdale Wind Farm project near Jamestown in South Australia.
Simmons & Simmons has been appointed as co-transaction counsel to a syndicate, arranged by Absa Bank Limited, financing two wind farms under the Renewable Energy Independent Power Producer Programme in South Africa.
The 140 megawatt (MW) Kangnas Wind Farm (Northern Cape) and the 110MW Perdekraal East Wind Farm (Western Cape) are being developed by a consortium led by global wind and solar company Mainstream Renewable Power.
Taylor Wessing has advised Cain Hoy Finance Limited, a private investment company, on a deal to forward finance the redevelopment of the iconic Shell Centre on London's South Bank. The deal marks Cain Hoy out as a significant player in the European real estate lending market and at over £550 million, is the largest property deal ever completed on London’s South Bank.
Slaughter and May advised STAR Capital Partners Limited, a leading European fund manager, on the entry into a £50m committed financing facility by Kennet Equipment Leasing Limited (Kennet), its subsidiary, with Commerzbank AG, London Branch. The facility, which is backed by a guarantee from the European Investment Fund, enables Kennet to significantly expand its business of arranging and providing financing to small and medium-sized enterprises in the UK.
Kennet is an asset finance broker and equipment finance provider to small and medium-sized enterprises.
Norton Rose Fulbright has advised a consortium of international financial institutions in relation to a $1 billion project financing for the second stage of the of the Shah Deniz gas development project in Azerbaijan. The consortium includes Asian Development Bank (ADB), European Bank for Reconstruction and Development (EBRD) and Black Sea Trade and Development Bank (BSTDB). The borrower is Lukoil Overseas Shah Deniz Ltd..
Watson Farley & Williams (“WFW”) has advised UBI Banca on the amendment of the respective finance documents and ancillary financial documentation for two separate projects’ financial facilities equal to, in aggregate, €23.5 million and provided to two Italian energy producers, Energia Sviluppo Toscana S.r.l. and Possidente Energie S.r.l., which are special purpose vehicles held entirely by Solar Investment Group (“SIG BV”).
Watson Farley & Williams (“WFW”) has advised Iccrea BancaImpresa in the financing of Vremar for the acquisition of a crew boat vessel from a leading international operator.
Iccrea BancaImpresa is the corporate bank of Credito Cooperativo, which is a subsidiary of Iccrea Holding. Vremar is a company operating in the maritime field, which provides offshore services to companies involved in the oil and gas sector.
Watson Farley & Williams (“WFW”) has advised Citibank N.A., London Branch (“Citibank”) as coordinator for a syndicate of lenders on a US$357 million term loan facility for Subsea 7, in order to fund the construction of two new Oilfield Service vessels.
The Export-Import Bank of Korea and Australia and New Zealand Banking Group Limited (“ANZ”) both served as mandated lead arrangers alongside Citibank. Both of the vessels are being constructed by Hyundai Heavy Industries in South Korea.
Burges Salmon, Osborne Clarke and Addleshaw Goddard have advised their respective clients, First Greater Western Limited, Eversholt Rail Group and Hitachi Rail Europe on the recently-announced £360 million procurement of a substantial new fleet of Hitachi-built AT300 rolling stock units that will service the busy Great Western Mainline routes from Paddington to the West Country.