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Deal Date: 09-08-2013 Practice Area: Project Finance and Infrastructure
Deal Title: KfW IPEX/SEB AG - Skogberget Wind Farm Project, Sweden Industry: Alternative Energy
Description:
Clifford Chance advised KfW IPEX-Bank GmbH and SEB AG on the financing of the Skogberget wind farm project in northern Sweden. The Skogberget wind farm will comprise 36 Enercon E-92 turbines with a total generating capacity of 84.6 MW. It will form part of the Markbygden wind farm project which by 2021, is envisaged to comprise 1,101 turbines with a total output of 4 GW, a capacity which meets around 8% of Sweden's entire energy requirements. The project is a joint venture between the German turbine manufacturer Enercon and the Swedish developer Svevind. The total loan amount is approx. EUR 84,5 million. The Clifford Chance team comprised partner Dr. Beda Wortmann, counsel Christoph Coenen and associate Tanja Gropp (all Banking & Capital Markets, Frankfurt).
Financial Center: Frankfurt Value: 100.01-500.00
Advised Party: Debt Provider Law Firm
Project Location Sweden Equity Sponsor Sweden
Classification: Project Finance Renewable Energy Wind Farms
Lawyer Beda Wortmann