28 Aug 2020 | 10:21 am |
Multinational law firm Pinsent Masons has advised NTR on the €370 million refinancing of its 220MW onshore wind portfolio.
NTR plc is a leading renewable energy company based in Dublin and has transacted more than €3 billion of sustainable infrastructure investments in wind, solar, bioenergy, water treatment, energy storage and recycling over the past 15 years.
The transaction concerned the group's NTR Wind 1 LP fund's portfolio of twelve operational onshore windfarms across the United Kingdom and Ireland and saw the replacement of the individual project financing arrangements with new facilities totalling around €370 million, made available by five lenders.
The Pinsent Masons team acting on the transaction was led by Partner Gillian Frew and Senior Associate Michael Duffy, alongside a multi-discipline, multi-jurisdiction team.
Commenting on the deal Gillian Frew said "Reaching financial close on this transaction demonstrates robustness and resilience in the renewable energy sector during the pandemic and shows that well-structured deals can still be financed on flexible terms. We were delighted to support our long standing clients, NTR, through the process."
Key Contacts
Multinational law firm Pinsent Masons has advised leading European renewable energy independent power producer ERG on its acquisition of a 100% stake in a portfolio of seven operational onshore wind farms in Northern England from OnPath Energy Midco Limited, a subsidiary of OnPath Energy.
Multinational law firm Pinsent Masons has advised CSG Chemical Solutions (CSG) on their acquisition of Cork-based Celtic Water Care Solutions Limited (Celtic Water Care).
Multinational law firm Pinsent Masons has advised International Finance Corporation (IFC), a member of the World Bank Group and the largest global development institution focused on the private sector in emerging markets, on its landmark investment of €25 million in Groupe EDK, Senegal’s foremost retail and large-scale distribution operator.
Multinational law firm Pinsent Masons has advised leading European renewable energy independent power producer ERG on its acquisition of a 100% stake in a portfolio of seven operational onshore wind farms in Northern England from OnPath Energy Midco Limited, a subsidiary of OnPath Energy.
Law firm Pinsent Masons MPIllay has advised French development finance institution Proparco (Société de Promotion et de Participation pour la Coopération Économique) on its investment in Singapore-headquartered energy-as-a-service (EaaS) infrastructure platform August Energy.
Multinational law firm Pinsent Masons has advised Stream Water Company (a joint venture company formed by Al Jomaih Energy & Water Company, Nesma Company and Buhur for Investment Company) on the multi-billion dollar Jubail Buraydah water transmission pipeline project.
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