WFW advises lenders on 540 MW solar and battery storage portfolio financing20 June 2023
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 financing structure covers the first 540 MW of projects in the portfolio, and includes fully committed senior debt facilities and an equity bridge loan.
WFW has promoted eleven lawyers to the firm’s partnership for 2023.
Under the new ownership structure, CREDITAS will assume ownership of all InterGen’s UK sites as well as its growth projects.
The judges were impressed by the ambition and innovation of the potentially transformative project that will significantly reduce transport emissions.
The Camden solar PV portfolio comprises the 50 MW Grange project in Newark, Nottinghamshire, and the 50 MW South Lowfield project in Fleetham, North Yorkshire.
The wind farm has a total installed capacity of 588 MW. This investment is TRIG’s third in a UK offshore wind farm and represents circa 12% of its overall investment portfolio.
Located in Norfolk, England, Redstow has a total capacity of 4.5 MW Combined Heat and Power (CHP) and currently processes circa 75,000 tonnes of energy crop each year.
The investment will help to build a nationwide network of refuelling stations that will allow heavy goods vehicles (HGVs) to run on carbon neutral fuel.
This is the first project financing undertaken by NatWest using SONIA, which is being implemented as part of the LIBOR transition
The portfolio comprises 15 operational photovoltaic (PV) plants, eight of which are located in the south west of England, two in west Wales and five in central and eastern England.
In addition to the initial 112 sites, EVN has plans to develop a further circa 380 EV charging sites, requiring an additional circa £150m in the next 36 months, for which SEEIT has a right of first negotiation.
In mid-May 2020, Bloxwich was used to provide upward and downward reserve flexibility to National Grid in the UK’s first of its kind trial using a battery.