In the second part of our series of articles on offshore wind and the maritime sector, London Partners Richard Smith explore the financing and bankability of offshore wind installation vessels.
WFW advises Commerz Real, Ingka Investments and KGAL on acquisition of remaining 20%-stake in German Veja Mate offshore wind farm
Located circa 95 km northwest of the island of Borkum in the North Sea, Veja Mate has a total installed capacity of 402 MW and is Germany’s third-largest offshore wind farm.
The project is being developed by OW, a joint venture between Engie and EDP Renewables.
The Energy Decree introduces urgent measures for controlling electricity and natural gas costs, the development of renewable energy and the relaunch of industrial policies.
The financing, which has a maximum maturity term of 15 years, is the largest ECA-backed green loan Iberdrola has ever signed.
WFW has been involved with the Beleolico project since its inception in 2011, assisting Belenergia on due diligence phase and on the administrative aspects of the financing.
The project, led by Swedish energy company Vattenfall is expected to become fully operational in 2023 and is the first non-subsidised wind farm project in the Netherlands.
The transaction concerns the agreement between GreenIT and CI IV for the construction of two floating offshore wind farms in Sicily and Sardinia.
The refinancing of Deutsche Bucht offshore windfarm that WFW advised on, has won the Top Refinancing award at inspiratia’s Energy and Sustainability Awards.
Germany’s Latest Offshore Wind Auction – A Sign of Things to Come? Legal and Economic Perspectives30 September 2021
Join Watson Farley & Williams and NERA Economic Consulting for our webinar on ‘Germany’s Latest Offshore Wind Auction – A Sign of Things to Come? Legal and Economic Perspectives’ on 30 September.