EMEA Projects
• Lekela Power— acting for Mauritius Commercial Bank and ABSA Bank as arrangers, bookrunners and structuring banks for the multi-currency, structurally subordinated holdco financings to a consortium led by Infinity Power and AFC for the acquisition of Lekela Power and its $ 2 billion pan-African portfolio of renewable energy projects from Actis, a leading emerging markets private equity firm
• Saad 300MW IPP— acting for the lenders to Jinko Power in relation to the successful tender and financing for the 300 MW Saad Solar PV IPP, tendered under the third round of the Saudi Arabian National Renewable Energy Program
• Hellas Gold— € 680 million project financing facility for a subsidiary of Eldorado Gold Corporation for the development of the Skouries gold and copper mine in Northern Greece
• Vårgrønn AS— holdco financing for Vårgrønn’ s construction equity for the 3.6 GW Dogger Bank offshore wind project through the establishment of an up to £ 500 million debt platform raised by way of UK private placement to institutional investors
• Neom Residential Communities— acting for the lenders to a Nesma led consortium and a Tamasuk led consortium on the development and financing of four residential communities with a combined capex of circa $ 2 billion in relation to the Neom project. This is one of the largest social infrastructure projects in the region and procured on a PPP basis.
• Larks Green Solar / BESS Project— acting for the lender for the project financing the 49.5 MW battery energy storage system( BESS) project to be developed by Cero Generation and Enso Energy and co-located with the 49.9 MW Larks Green solar farm located in Gloucestershire, England
• Zuluf WTP— advising lenders to the Aljomaih Energy and Water Company and Almar Water consortium regarding its successful bid for and financial closing of this water treatment project
• Wadi 120 MW IPP— acting for TotalEnergies, Toyota Tsusho Corporation and Alternative Solutions For Renewable Energy LLC in connection with the development and financing of the 120 MW Wadi Ad Dawasir solar PV IPP in Saudi Arabia
• Two Saudi Arabian REPDO Round 4 wind IPPs— advising Japan Bank for International Cooperation( JBIC) and commercial lenders in relation to the project financing by the Marubeni Corporation-led consortium for both the Waad Al-Shamal 500MW Wind IPP and Al- Ghat 600 MW Wind IPP in Saudi Arabia
• Pan African portfolio financing— acting for Mauritius Commercial Bank and ABSA Bank, Investec and Sanlam as lenders to a PE backed pan-African power developer, on its structurally subordinated holdco financing of its multi-GW pan-African portfolio of thermal power generation, with an uncapped permitted additional debt regime to support the platforms ongoing growth and acquisitions
• Al Ansar Al Ansar Hospital PPP— advising lenders to a consortium of Tamasuk and Alghanim in relation to project financing of the development of a 244-bed public emergency hospital and associated facilities in Madinah, Saudi Arabia. This project is the first PPP healthcare project in Saudi Arabia and winner of the Middle East and Africa Social Infrastructure Deal of the Year at the 2024 Project Finance International( PFI) Awards.
• Juranah Independent Strategic Water Reservoir Project— advising Vision Invest, TAQA and GIC consortium in relation to its successfully project financing of Saudi Arabia’ s first of its kind strategic water reservoir concession( servicing Mecca)
• CrossBoundary Energy— advising CBE, a portfolio company of ARCH Emerging Markets and Norfund, on its initial senior debt commitment from the Standard Bank Of South Africa and IFC’ s Facility for Energy Inclusion to scale its renewable energy Commercial and Industrial portfolio across Africa, with a further permitted additional debt regime to allow for incremental facilities to be raised
• FRV UK BESS Portfolio Financing— advising FRV in respect of the development, implementation and limited recourse portfolio refinancing of the 34 MW Contego and 99 MW Clay Tye utility battery storage projects powered by Tesla Megapack lithium-ion batteries
• Egyptian Refining Company— advising the Egyptian Refining Company on a major restructuring of its exiting project finance arrangements for its $ 4.3 billion refinery in Mostorod, Cairo and negotiating new financing arrangements that will start applying automatically after the senior lenders are repaid. This restructure and refinancing ensures the long term stability of this strategically essential project in Egypt and involved reaching unanimous agreement with multiple ECAs, commercial lenders, commercial counterparties and the Egyptian government.
• European Bank for Reconstruction and Development( EBRD)— in relation to the financing of the construction and operation of two solar photovoltaic power plants, with a total capacity of 20 MWp, located in Feriana, Tunisia, through secured loans for each project
• VPI gas IPP— advising lenders to VPI Power Flex in relation to its greenfield project financing for two new thermal power plants underpinned by the UK’ s Capacity Market Agreements
* Work completed prior to joining Bracewell bracewell. com