Global law firm Norton Rose Fulbright has advised Marubeni Corporation on the sale of its 25% shareholding in the 210MW Westermost Rough Offshore Wind Farm, located in the North Sea. The sale shares were acquired by Green Investment Group.

In connection with the sale, Norton Rose Fulbright also advised Marubeni Corporation on the refinancing of the existing loan facilities to the project and the prepayment of Japan Bank for International Cooperation.

Chris Down, partner, comments:

“We are delighted to have assisted long standing client Marubeni on this share sale and refinancing, assisting them in being able to achieve their strategic goals.”

The Norton Rose Fulbright team was led by partners Stephen Rigby on corporate aspects and Chris Down on financing matters, with assistance from senior associate Keith Law and associates Alexandra Jeffreys and Elizabeth George.

This transaction builds on Norton Rose Fulbright’s market leading offshore wind experience, with the team having recently advised China Resources on its £550 million acquisition of Statkraft’s stake in Dudgeon offshore wind farm, and Greencoat UK Wind PLC, in connection with a £340 million equity offering which forms part of its new share issuance programme, and the acquisitions in 2017 of eight wind farms.