WFW advises lenders on €488m financing of Baltic Eagle offshore wind farm21 March 2024
The transaction represents Masdar’s largest ever euro-denominated financing, its first project with Iberdrola and its first in Germany.
The transaction represents Masdar’s largest ever euro-denominated financing, its first project with Iberdrola and its first in Germany.
We are delighted to announce that two deals the firm advised on have won awards at the prestigious IJGlobal Awards 2023.
This is the largest UK gas generation project in over a decade.
The financing structure covers the first 540 MW of projects in the portfolio, and includes fully committed senior debt facilities and an equity bridge loan.
The transaction marks a key step in PSL’s aim to reach 5 GW of renewable capacity across Europe by 2026.
The financing will enable the development of multiple large-scale renewable energy and storage projects.
The financing, which has a maximum maturity term of 15 years, is the largest ECA-backed green loan Iberdrola has ever signed.
The assets acquired comprise Shell Egypt’s interest in 13 onshore concessions and its share in the Badr El-Din Petroleum Company.
Initially developed by GE Renewable Energy (”GE”) in partnership with Finnish developers Smart Windpower and Mincoves.
Andrew Hutcheon, Associate George Garthwaite and Trainee Sarika Parmar have written a feature article on the future of crude markets for energy sector magazine Energy, Oil & Gas.
Partner Andrew Hutcheon and Associate George Garthwaite have written an article for Law 360 exploring the world’s leading crude oil benchmark, Brent.