CEBC MEMBER PRESS RELEASES AND MEDIA
Success for Ashurst’s renewables team at Infrastructure Journal awards
14 March 2014
- London, United Kingdom
Ashurst has been named ‘Legal Advisor of the Year for Renewables’ at the Infrastructure Journal (IJ) awards, held on 13 March in London. Celebrating and acknowledging the best deals in energy and infrastructure over the last year, specific mandates of note on which the team advised include:
- Ouarzazate CSP project – Ashurst advised the sponsor, ACWA Power, in relation to the development and financing of the Ouarzazate concentrated solar power (CSP) IPP in Morocco. The project is a 160MW thermal solar power plant, the largest in Africa.
- Kinangop wind farm – Ashurst advised the developer, Aeolus Kenya Limited, in relation to the development and financing of a 60MW onshore wind project in Kinangop. The project is the first privately financed wind farm in Kenya.
- Infinis wind farm refinancing – Ashurst advised Terra Firma-backed, Infinis, the UK-based independent generator of renewable power, on the refinancing of its 274MW portfolio of wind farms, with a £296 million senior secured term loan facility and ancillary facilities of approximately £33.5 million.
- Butendiek offshore wind farm – Ashurst advised European Investment Bank on the financing of offshore windfarm ‘Butendiek’, one the largest of its kind in the North Sea. The wind farm has a total capacity of 288 MW and is located in the German part of the North Sea, some 32 km west of the island of Sylt. It is scheduled for commissioning in 2015.
Commenting renewables partner, Antony Skinner said: “We are delighted to have been involved in some of the most complex and ground breaking projects in the renewables sector to have successfully closed over the last year. These deals demonstrate the breadth and quality of our practice and they reinforce our position as operating at the forefront of the renewables market.”