WFW advises SirajPower on US$50m solar portfolio financing
This landmark transaction was financed on a long-term, non-recourse basis and marks the largest lease-funding platform for distributed energy in the GCC. (Image © 2020 SirajPower)
This landmark transaction was financed on a long-term, non-recourse basis and marks the largest lease-funding platform for distributed energy in the GCC. (Image © 2020 SirajPower)
In mid-May 2020, Bloxwich was used to provide upward and downward reserve flexibility to National Grid in the UK’s first of its kind trial using a battery.
As a result of this transaction, Penta Gorup expects to double Castaldi’s sales over the next three years.
The transaction was approved, subject to conditions, earlier in the year and involved the financial and commercial arrangements relating to the acquisition by TUIC of the HL Cruises’ business, including its luxury and expedition fleet, consisting of two five-star plus category luxury vessels and three expedition cruise ships.
This is the largest onshore wind PPA signed in Europe to date. The wind farms, which are under construction, will be connected to the grid over the next 12 months. They are expected to generate enough renewable power to provide for approx. 430,000 Spanish households.
Malte Jordan moves up from 49th to 24th and Henry Stewart joins the list for the first time at 68th.
With a capacity of nearly 40 MW and covering a 15-20-year period, these green CPPAs are among the largest in Europe in terms of volume to date.
A seabed lease agreement for the project has now been signed with the Crown Estate, following the authority’s call for extension applications from 2017, which resulted in seven projects being approved.
The funding, provided by the European Investment Bank, will be used for new investments in research, development and innovation planned by Sanlorenzo for 2020-2022.
The financing follows on from the company’s US$12m Series A round in November 2019, at the time one of Pakistan’s largest rounds to date.