International law firm Ashurst has advised a consortium of banks as lenders (Banca IMI, BNP Paribas Italian Branch, Crédit Agricole Corporate and Investment Bank - Milan Branch, ING Bank - Milan Branch and  Cassa Depositi e Prestiti as Lender, Mandated Lead Arranger, and Bookrunner and UniCredit S.p.A. as Agent, Intesa SanPaolo, BNP Paribas, Crédit Agricole Corporate and Investment Bank, ING Bank and UniCredit S.p.A.

Development In Iconic Location To Go Ahead

National law firm Irwin Mitchell’s Banking and Finance and Construction departments have assisted developer Cole Waterhouse in securing a  £55 million finance facility enabling it to build a 354 residential apartment scheme close to the home ground of Manchester United.

The funding was secured from Fortwell Capital and will enable the construction of the development with completion due in the first quarter of 2021.

Watson Farley & Williams (“WFW”) has advised Investec Bank plc (“Investec”) on the construction financing for a 34.7MW solar photovoltaic project near York. The loan documentation was signed on 22 February.

The project, which will be constructed by GRIDSERVE WBC Ltd (a subsidiary of GRIDSERVE EMEA Projects Ltd), has a co-located battery and will be fully subsidy-free. Following completion, the project will be sold to Warrington Borough Council to support its green agenda and save on electricity costs.

Watson Farley & Williams (“WFW”) advised long-standing client Cubico Sustainable Investments (“Cubico”) on the £272m refinancing of its 200 MW UK renewables portfolio, comprising 17 onshore wind and solar PV projects across the country. All of the projects in the portfolio, a mixture of ROC accredited and Feed-in Tariff projects, are fully operational and reached commercial operation between 2013-2016

Watson Farley & Williams ("WFW") has advised KfW IPEX-Bank GmbH ("KfW IPEX-Bank") on the US$91m financing for the Granja Solar photovoltaic project near Pozo Almonte in northern Chile. The loan documentation was signed in December 2018.

"La Granja Solar" was developed by Spain's Getxo headquartered Solarpack Corporacion Tecnologica, S.A., which will also be building, owning and operating the project. Following completion, Granja Solar will have a total installed capacity of 123 MWp.

Watson Farley & Williams (“WFW”) advised a syndicate of lenders comprising Kreditanstalt für Wiederaufbau and Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V., as well as KfW IPEX-Bank GmbH as arranger and agent, on the US$104m financing of the “Malaspina” onshore wind farm project located in the southern Argentine province of Chubut. The loan documentation was signed in December 2018, with the transaction closing in January 2019.