WFW advises lenders on €45m Iberian renewables portfolio refinancing30 June 2023
The transaction involved a financing structure based on a power purchase agreement and is one of few brownfield refinancings to successfully complete to date in Spain.
The transaction involved a financing structure based on a power purchase agreement and is one of few brownfield refinancings to successfully complete to date in Spain.
The new 877 MW gas-fired combined-cycle gas turbine power plant will be located in Komotini, Greece.
The aircraft will be used for sustainability-linked aviation projects, emergency medical response, search and rescue, and firefighting, and are operating in multiple jurisdictions throughout Europe and Africa.
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.
Investec underwrote the acquisition which was supported by debt and equity co-investment.
This transaction resulted from HSBC’s decision to sell its Greek shipping portfolio, of which Piraeus Bank acquired the highest number of loans.
Four deals the firm has advised on won awards at this year’s Airfinance Journal Awards.
Located in Foggia in the southern region of Apulia, the 13 MW plant produces electric and thermal energy from biomass.
The vessel is expected to be the best-performing cruise ship in the world.
WFW has been advising the sellers for several years on project development, land rights acquisition and corporate matters.
The loan facility comprises a K-Sure insured tranche and a commercial tranche relating to each of the two vessels.
A gap in international law concerning the international effects of judicial sales of ships is on the verge of being closed.