WFW advises BW Energy on US$300m international RBL facility
The facility will be used initially to further finance and develop the Dussafu license offshore Gabon.
The facility will be used initially to further finance and develop the Dussafu license offshore Gabon.
The interest rate under the term loan facility is linked to an annual ESG score.
All sustainability provisions, including both environmental and social targets, are consistent across the facilities.
The nine plants currently under construction in Cuenca and Toledo provinces are expected to be operational by end 2022 or early 2023.
The two additional newbuildings planned – Explora V and Explora VI – will use LNG as a main fuel as well as green hydrogen to bring emissions down to zero in port.
When fully operational, the project will generate 540m kWh of green energy annually, enough to power over 155,000 households.
The fourteen plants are all located in the Spanish regions of Aragon and Castilla-La Mancha.
The vessel was formerly operated under the Crystal Cruises brand and owned by a subsidiary of Genting Hong Kong Limited.
The wind farm consists of 22 wind turbines and can produce an average of 100 MWh of electricity per year.
Greg has extensive experience in a broad variety of real estate and corporate work for clients in the hotels and hospitality sector.
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