Global legal practice Norton Rose Fulbright has advised National Australia Bank (NAB), Royal Bank of Scotland (RBS) and Santander on the refinancing of onshore wind energy assets in the UK owned and operated by Infinis, one of the UK's leading generators of renewable power.

The refinancing was structured by NAB and includes facilities of approximately £330 million and relates to 16 operational renewable energy projects comprising over 270 megawatts of total installed capacity.

The team was led by energy partner Rob Marsh. Banking partner Tomas Gardfors also advised, together with real estate partner Wasim Khan and derivatives partner Laurence Garside.

Rob Marsh, partner, Norton Rose Fulbright, commented:

“This is one of the larger refinancings in the UK renewable energy sector and another example of a leading generator consolidating and refinancing its portfolio to reduce the complexity and higher costs associated with numerous project finance facilities. This is a trend that we have been seeing across the European market in the past six months and one that promises to continue in short to medium term.”

Norton Rose Fulbright has advised on a number of portfolio financings in the renewable energy sector this year, as well as in relation to some major acquisitions and listings, including the listings of The Renewable Energy Infrastructure Group (TRIG), Greencoat UK Wind and Bluefield Solar Income Fund.

The refinancing closed on October 10, 2013. Ashurst advised Infinis.