WFW advises Sonnedix on €154.4m financing of 154 MW Spanish PV portfolio
The portfolio comprises 62 plants with a total installed capacity of 154 MW.
The portfolio comprises 62 plants with a total installed capacity of 154 MW.
In addition to the initial 112 sites, EVN has plans to develop a further circa 380 EV charging sites, requiring an additional circa £150m in the next 36 months, for which SEEIT has a right of first negotiation.
The loan facility will support PPC’s working capital needs at a time of customer payment volatility following the outbreak of the coronavirus pandemic.
The financial entities involved include CaixaBank and BNP Paribas Fortis as global coordinators, bookrunners, and mandated lead arrangers (“MLAs”) for the long-term bank debt facilities.
The agreement, which has a total value of more than €250m, guarantees the stable continuation of the company’s activity, which has been active in the shipping market for four generations.
Headquartered in Turin, Fergas is the owner of a single authorisation for the construction of a solar plant in Basilicata with a capacity of 20MW.
The bonds are subject to English law and were subscribed to by two institutional investors through a private placement. They listed on the Quotation Board of the Frankfurt Stock Exchange.
The parties have now amicably settled all their disputes, with Jiangsu Guoxin to pay Precious US$40.5m (as announced to the parties’ respective listing authorities).
Dispute resolution expert Marcus Dodds has joined the firm as a Partner in London. He was previously a Partner at Reed Smith, where he was Co-Head of the LNG and offshore groups.
“Whilst we expect the ongoing macro-economic challenges triggered by the COVID-19 pandemic to impact our business this year, we have undertaken a series of measures to mitigate this impact and we remain confident that our strategy of sector-focussed, quality growth will continue to serve the firm well going forward”.