Shanghai-based CMBFL provides financial leasing solutions to large, medium and small businesses across China. It is a subsidiary of China Merchants Bank, the first share-holding commercial bank wholly owned by corporate legal entities in China.
Under this joint venture, ZEABORN and MPC will combine their global activities for the chartering and commercial management of 160 container and bulk carriers.
The project, which was won by Vena Energy following a competitive tender in 2017, is understood to be Taiwan’s largest private ground mount utility scale solar project to date.
Christian Bauer has extensive experience advising on both domestic and cross-border construction and project agreements.
Completion is expected in 2021 with annual power production of 315 GWh to provide green power to 80,000 households, resulting in an annual reduction of CO2 emission of 93,000 tonnes.
Prior to joining WFW, Simon was head of Simmons & Simmons’ London Debt Capital Market Group and also previously led Cleary Gottlieb’s English law capital markets practice.
Prior to joining WFW, he was an Associate at Seward & Kissel LLP in New York. Will has a decade of experience representing leading public companies in the maritime sector.
Following the completion of the transaction, Hoegh LNG is now fully funded with both equity and debt for its current newbuilding programme, which will be completed with the delivery of Hoegh Galleon in August 2019.
This was a major renewables project financing in terms of the capacity of the projects in the Spanish market, as well as one of the biggest to date worldwide.
This is one of few “merchant” plant financings in Spain, with the project expected to sell its energy, first through a PPA, and then directly to market.