WFW advises lenders on Matrix Renewables 500 MW Eccles BESS project financing30 April 2026
The project, Matrix Renewables’ first stand-alone BESS project in the UK, is scheduled to begin commercial operations in Q3 2027.
The project, Matrix Renewables’ first stand-alone BESS project in the UK, is scheduled to begin commercial operations in Q3 2027.
Financing for the project was secured through an extension of commitments already made towards the construction of three wind power projects in December 2025.
The transaction was concurrent with CVC DIF’s acquisition of a majority stake in the company.
WFW advised a consortium of lenders comprising KfWIPEX-Bank, NatWest, Nordea and SEB, on a €330m project financing granted to OX2 for the construction of three greenfield onshore wind farms in Finland with a total installed capacity of 277 MW.
The acquisition includes Equinor’s 20.21% share of the Agbami offshore oil field operated by Chevron.
The project is expected to power almost 2% of Greece’s domestic electricity production.
Watson Farley & Williams has advised Mauritius Commercial Bank as agent and lender on an up to US$110m reserve-based lending facility and an up to US$30m working capital facility granted to Afentra Ltd for the acquisition from INA-Industrija d.d. of 4% interests in Block 3/05 and Block 3/05A offshore Angola in the Lower Congo Basin.
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