WFW Advises GIG on Sale of 170 MW Nordics Onshore Wind Portfolio
Source: www.gulfoilandgas.com 1/9/2023, Location: Europe
Watson Farley & Williams (“WFW”) has advised Macquarie Asset Management’s Green Investment Group (“GIG”) on the sale of its 170 MW onshore windfarm portfolio held by Nordic Renewable Power Holding to Vauban Infrastructure Partners (“Vauban”). The deal marks Vauban’s first investment in the wind power sector.
The portfolio comprises three operational onshore windfarms – the 80 MW Buheii and 47 MW Tysvaer projects in Norway and the 43 MW Hornamossen project in Sweden, for which WFW advised on their original financing in 2020. The three wind farms are strategically located in the NO2 and SE3 Nord Pool zones which are considered favourable from a price and electricity demand standpoint.
The WFW London Projects team that advised GIG was led by Partner and Global Energy Sector Co-Head Henry Stewart, working closely with Partner and London Corporate M&A Group Head Chris Kilburn and Projects Partner Jennifer Charles. They were supported by Senior Associate Sarah Williamson and Associates Clementine Freeth and Cosmo Fisher.
Henry commented: “We are delighted to have supported this important transaction in the renewable energy space, highlighting our expertise in and in-depth knowledge of the sector across Europe”.
White & Case acted for Vauban.
