£1.4bn refinancing of the 352.8MW Galloper Offshore Wind Farm completed
A team led by James Pay and Joseph Woodworth from Clifford Chance's London energy and infrastructure practice has advised the project company and the sponsors (Innogy, Siemens, ESB, Macquarie and Sumitomo Corporation) on the successful £1.4bn refinancing of the 352.8MW Galloper Offshore Wind Farm.
In 2015 Clifford Chance advised the Galloper project when it became the first UK offshore wind farm to obtain pre-construction project financing, and the successful refinancing, which combines commercial bank and institutional debt, is further proof of the current strength of the UK offshore wind market.
Country updates
-
-
December 18, 2018
GIG and Covanta take stakes in Scottish EfW
Brockwell Energy have announced that financial close has been reached on their Earls Gate Energy Centre (EGEC), an energy from Waste (EfW) facility in Grangemouth, Scotland. On financial close Br...
Read more -
December 18, 2018
Race Bank refinances Orsted's 573 MW wind project off Norfolk
A consortium of companies that holds a 50% stake in Orsted's 573 MW Race Bank wind farm off Norfolk has signed a debt refinancing deal worth £200m (US$253 m). Macquarie, Sumitomo and funds...
Read more -
December 14, 2018
400 MW offshore wind farm in the UK refinanced for US$1.6 billion
The shareholders of the 402 MW Dudgeon offshore wind farm in the United Kingdom have announced the signing and pricing of privately placed notes for the refinancing of the project’s existin...
Read more -
December 10, 2018
WFW advises EFK on 1.2 GW UK offshore wind project acquisition financing
Watson Farley & Williams has advised Danish export credit agency EKF Danmarks Eksportkredit on its provision of guarantees to commercial and institutional lenders on a £3.5bn (US$4...
Read more -
December 06, 2018
EDP, EDPR and Engie reach financial close of 950 MW wind project off the coast of Scotland
The 950 MW Moray East project off the coast of Scotland has reached financial close. A consortium of EDP Renováveis (43.3%), Engie (23.3%) and Mitsubishi Corporation (33.4%) announced a £...
Read more
