WFW advises Varco Energy on Sambar Power battery storage project acquisition14 May 2024
Located in Cornwall the project will connect into the transmission network at the Indian Queens substation.
Located in Cornwall the project will connect into the transmission network at the Indian Queens substation.
OMP’s will continue managing the existing portfolio and now has access to capital from Blue Ocean.
Central to the project’s success will be the development of a renewable energy infrastructure.
The Pegasus Guidelines represent the first climate-aligned finance framework for the aviation sector.
This article outlines the key corporate law changes introduced in the UK’s Economic Crime and Corporate Transparency Act 2023 which received royal assent on 26 October 2023.
We advised Varco Energy HoldCo 1 Limited a wholly-owned subsidiary of Adaptogen Battery Storage LP, on its circa £58m project financing of a battery storage project portfolio consisting of two 57 MW project.
WFW led and negotiated the entire transaction, including finalising the sale and purchase agreement.
In the Global Ports Report 2023, Partners Florian Kutzbach, Sarah Ellington and Christina Howard discuss how those seeking financing for any such investment need to take into account the ever-intensifying focus on the ESG credentials of the wider shipping industry, and in particular the push for decarbonisation.
On 23 March 2023, we published part two of ‘The Sustainability Imperative’. One of the key findings in the follow-up report is that shipowners have become more collaborative. In 2021, two-thirds said they would like to form partnerships to pursue innovation. Now, 56% are already in an ESG-linked tie-up.
The CAF framework will help to create consistency and transparency for financiers when reporting and measuring progress against decarbonisation targets.
The entire portfolio was originally valued at €1.5bn and comprises assets across Europe and the US.
The portfolio includes notably eight Leonardo AW139 and other helicopters built by leading manufacturers including Airbus Helicopters, Bell, Leonardo and Sikorsky, and leased out to respected international operators.