Top 2024 EMEA Projects
• 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 600MW 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
• NEOM Oxagon — advising lenders to the Nesma-led consortium in respect of the project financing of two residential communities located at Oxagon in Saudi Arabia
• Egyptian Refining Company — advising the Egyptian Refining Company on a major restructuring of its exiting project finance arrangements for its $ 4.3b 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 .
• IAMGOLD Essakane S . A . acquisition — advising IAMGOLD on its acquisition of Essakane Solar SAS , a company sold by Total Eren S . A and Chariot Transitional Power France SAS , which operates a solar PV plant with 12 MWAC installed capacity located at the Essakane gold mine in Burkina Faso
• Marubeni Corporation , OQ Alternative Energy LLC , Samsung C & T Corporation and Dutco Overseas Limited — advising the consortium members on the development of a green Hydrogen facility in Oman under concession from Hydrogen Oman SPC
• 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 bracewell . com