Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 10-01-2017 | Practice Area: | Debt Capital Markets |
| Deal Title: | MEP Werke GmbH - PV Lease Whole-Business Securitisation Refinancing | Industry: | Alternative Energy |
| Description: |
Clifford Chance advised NIBC Bank Deutschland AG and Delta Lloyd Asset Management on the refinancing of its warehousing for a portfolio of photovoltaic leases originated by MEP Werke GmbH in 2015 and 2016.
The refinancing by Delta Lloyd Asset Management of a warehousing originally provided by NIBC Bank Deutschland AG was implemented via the existing Irish platform Deutsche Okostrom Limited. It achieved a long-term refinancing of MEP Werke Group's photovoltaic power plant lease model.
The transaction was structured to satisfy whole business securitisation standards and revolved around the lease model for privately used solar power plants established by the MEP Werke Group and its lease income. The innovative financing structure allowed MEP Werke Group to demonstrate the sustainability of its business model. It constituted the first transaction of its kind in Europe. In the short term it was also planned to implement a further warehouse financing transaction via a new platform to support the further growth of the solar lease business of MEP Werke Group.
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| Financial Center: | Frankfurt | Value: | 0.00-0.00 |
| Advised Party: | Debt Provider,Originator | Law Firm | Clifford Chance |
| Assets Jurisdiction | Germany | Issuer Jurisdiction | Germany |
| Classification: |
Securitisation and Structured Finance Corporate SecuritisationProject Finance Renewable Energy Solar Facilities |
Lawyer | Arne Kluwer |
