Practice Areas - Project Finance and Infrastructure Law Firms and Lawyers
| Deal Date: | 31-03-2015 | Practice Area: | Project Finance and Infrastructure |
| Deal Title: | KfW IPEX-Bank Financing for Gibson Bay Wind Farm, South Africa | Industry: | Alternative Energy |
| Description: |
Clifford Chance advised Italian company Enel Green Power SpA and its South African subsidiary on the financing of the Gibson Bay wind farm in South Africa by KfW IPEX-Bank in a total volume of 2.1 billion South African Rand (around EUR 160 million).
A part of the financing was secured by an export credit guarantee (Hermes guarantee) by the Federal Republic of Germany.
The Gibson Bay wind farm consists of 37 turbines with a total capacity of 111 MW. It generates about 420 GWh of power per year constructed primarily by the German company Nordex SE in the Eastern Cape Province of South Africa.
Enel Green Power, headquartered in Rome, is a major global operator in the field of energy generation from renewable sources with 740 plants in 15 countries across Europe, North and South America and Africa.
The Clifford Chance team was led by partner Dr. Florian Mahler and comprised of associate Kevin Wilcock (both Banking and Capital Markets, Dusseldorf) as well as partner Giuseppe de Palma and associate Fabrizio Nebuloni (both Banking and Capital Markets, Milan).
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| Financial Center: | Dusseldorf | Value: | 100.01-500.00 |
| Advised Party: | Equity Sponsor | Law Firm | Clifford Chance |
| Project Location | South Africa | Equity Sponsor | Italy |
| Classification: |
Project Finance Renewable Energy Wind Farms |
Lawyer | Florian Mahler |
