Norton Rose Fulbright has assisted BNP Paribas on a €180Mm long term project financing for the acquisition of all of the issued and outstanding shares of Enel Green Power France SAS, a portfolio of 13 wind farms with a total capacity of around 196 MW.

The portfolio is located in seven regions in France including 12 farms in operation and one under construction. BNP Paribas has granted a €180m non-recourse term loan to which €25m could be added, upon the satisfaction of certain conditions by Boralex within the 12-month period following the acquisition. The innovative financing has been structured and fully underwritten by BNP Paribas.
This portfolio acquisition makes Boralex a leading independent wind power producer in France.

The Norton Rose Fulbright Paris energy team advising on this transaction was led by Anne Lapierre and included Marie Zelazko, Amandine Delsaux and Aude d’Argentré.

Norton Rose Fulbright’s Paris energy practice is led by Anne Lapierre, recently appointed as head of energy for Europe, Middle East, and Africa, and partner Arnaud Bélisaire, and has over fifteen lawyers. The market leading practice has advised on a number of transactions relating to the oil and gas sector, the liberalization of the electricity sector and renewable and conventional energy development, in France and French-speaking Africa. The team also advises on a range of transactions including administrative and regulatory aspects of project development and in connection with acquisitions, disposals, transfer and project financing.

Boralex was advised by law firm K&L Gates.