WFW advises CA-CIB and HCOB on US$140m financing for GSL23 November 2021
WFW advised on matters of English, French, German, Marshall Islands and Hong Kong law, with five offices involved in the transaction.
WFW advised on matters of English, French, German, Marshall Islands and Hong Kong law, with five offices involved in the transaction.
We advised klimaVest, Commerz Real’s impact fund, on its acquisition of the Tout Vent wind farm from renewable energy developer BayWa r.e. This is Commerz Real’s first investment in the French renewable energy market.
This is among the largest French green PPAs to date in terms of volume and its delivery guarantee courtesy of the plants’ storage capacity has no precedent in France.
WFW also advised Bpifrance, La Banque Postale and Crédit Coopératif as lenders on the €16m debt financing.
The sold portfolio consists of eight projects located in northern France in areas selected specifically for high wind speeds, all with tier-1 manufacturers and full-service contracts.
The loan will enable SCPI Affinités Pierre to secure short and medium-term cash needs and to control its capital deployment, in order to take advantage of new investment opportunities.
The restructuring was extremely complex and challenging, and involved innovative strategies which have not been previously adopted in the maritime sector.
The first drawdown refinanced indebtedness in relation to nine VLCCs and three Suezmaxes and security included Belgian, Greek and French mortgages over these ships.
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With a capacity of nearly 40 MW and covering a 15-20-year period, these green CPPAs are among the largest in Europe in terms of volume to date.
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