Evan Stergoulis



T: +44 20 7814 8000
D: +44 20 7814 8113
M: +44 7710 304782

EmailE: estergoulis@wfw.com

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Evan Stergoulis>

Evan Stergoulis

Summary Open

Evan joined Watson Farley & Williams in 2002 as a Partner and has over 25 years’ experience in the sector. He specialises in energy M&A and financing with considerable experience in offshore wind, onshore renewable portfolios and gas & power transmission and distribution projects.

Experience Open

    Evan’s experience includes advising:
    • Institutional investors on a £1.3bn investment-grade bond in relation to the acquisition by leading Danish pension funds PKA and PFA of a 50% stake in 659 MW Walney Extension offshore wind farm from Ørsted (formerly DONG Energy). The deal is valued at £2bn, of which £1.3bn is being funded through the issuance of the bond.
    • Velocita Energy Developments Ltd on the disposal of two onshore wind farms in Scotland – the operational 11.5 MW Ardoch and Over Enoch project in East Renfrewshire and the construction-stage 35 MW Airies project in Dumfries and Galloway, to NTR Wind 1 Fund, a vehicle backed by Irish developer NTR, Legal & General Capital, Strathclyde Pension Fund and the Irish Strategic Investment Fund. The two wind farms are being developed, constructed and operated by 2020 Renewables, Velocita’s UK development business, which is continuing to develop projects in Scotland.
    • Velocita Energy Developments Ltd on the disposal of its French business, consisting of a 14 MW operating onshore windfarm in France and its French development portfolio, to Chinese turbine manufacturer Envision Energy. The pipeline consists of circa 500 MW of projects at various stages of development, primarily located in eastern France near Besançon. Envision is also set to acquire Velocita’s French development team.
    • Copenhagen Infrastructure Partners, through the fund Copenhagen Infrastructure II K/S, on a US$61m mezzanine loan for the construction of the onshore wind farm Fluvanna I in Scurry County, Texas (“Fluvanna I”). Fluvanna I is owned and will be operated by Terna Energy S.A. (“Terna”). The total investment in Fluvanna I will be US$251m.
    • Copenhagen Infrastructure Partners on the acquisition, on behalf of its Copenhagen Infrastructure II fund, of two onshore wind projects in Texas, Bearkat Renewable Energy Project (366 MW) and Blue Cloud Renewable Energy Project (150 MW), from Tri Global Energy.
    • PKA, one of Denmark’s leading pension funds, on its acquisition of a 50% stake in the Teesside Renewable Energy Plant in the North East of England. The investment bank Macquarie Capital holds the remaining 50%, and the total investment in the plant is anticipated to be in the region of £900m.
    • DONG Energy on its sale of a 50% stake in the 258 MW Burbo Bank Extension UK offshore wind farm project to Danish pension provider PKA and KIRKBI A/S, parent company of the LEGO Group.
    • DONG Energy on the £644m sale of a 25% stake in the London Array 1 offshore wind project to a special purpose vehicle owned and controlled by Caisse de dépôt et placement du Québec.
    • Pension Denmark on the acquisition of a 49% stake in Falck Renewables’ onshore portfolio in the UK.
    • DONG Energy on its sell downs to Marubeni Corporation of a 49.9% stake in the Gunfleet Sands offshore wind farm and to Scottish and Southern and PGGM of a 49% stake in Walney 1 and Walney 2 offshore wind projects.
    • DONG Energy on the sale of the transmission system assets relating to the Gunfleet Sands I and Gunfleet Sands II offshore wind farm projects and the Walney 1 and Walney 2 offshore wind projects.
    • Advising PNE AG on a €102m bond financing for a portfolio of eight wind farms totalling 140 MW with investment grade rating. The bond was wrapped by a monoline insurer.
    • Siemens Project Venture on its acquisition of a 10% stake in the Gwent y Mor offshore wind project.
    • DONG Energy as co-lender and offtake on the project financed Lincs offshore wind farm.
    • Belwind N.V. on the arrangements for the €600m financing, construction and operation of the 165 MW first phase of the Bligh Bank offshore wind farm located 47 KM off the Belgian coast near Zeebrugge.
    • DONG Energy on the acquisition of the 800 MW Severn CCGT power station from Welsh Power.

Education Open

1979-1982: Sydney University, Sydney, Australia Masters Law Degree

Employment Record Open

  • 2002-present: Watson Farley & Williams, Partner and Head of Energy & Infrastructure
  • 1993-2002: Hammond Suddards Edge, Partner and Head of Energy Projects Group
  • 1982-1993: Dunhill Madden Butler, Australia, Partner
  • 1980-1982: Dunhill Madden Butler, Sydney, Associate

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