World legislation agency Norton Rose Fulbright has been named on quite a few profitable offers on the IJGlobal Awards 2023.
The awards acknowledge the best-in-class transactions and organizations throughout the worldwide power and infrastructure trade. Entrants to the awards are judged by 5 separate unbiased panels of trade consultants.
The award ceremonies are held in several cities around the globe all through March and April 2024:
- Europe and Africa in London – 7 March 2024
- Americas Awards in New York – 14 March 2024
- APAC Awards in Singapore – April 2024
- Center East Awards in Dubai – April 2024
The IJGlobal Awards acknowledged the agency for its work on advising on a few of the most modern and complicated power and infrastructure tasks throughout the globe.
Europe and Africa
Innovation of the 12 months: CFM – Catalysing Funding into Renewables
Led by: Chris Down, Andrew Hart, Rosa Mottershead and Mahmoud Elbanhawi
Norton Rose Fulbright suggested IFC on its financing to Scatec to finance the leasing of cellular photo voltaic photovoltaic vegetation and battery storage tools to a portfolio of tasks in a number of Sub-Saharan African Africa international locations.
Africa Energy Deal of the 12 months: Singrobo Hydropower Plant
Led by: Simon Cudennec, Christine Ezcutari, Janet Butterworth and Dirk Trautmann
Norton Rose Fulbright suggested the Singrobo-Ahouaty 44 MW hydropower undertaking in West Africa. This undertaking represents the primary unbiased, hydro energy manufacturing undertaking to be developed by IHE Holding – a neighborhood sponsor in Côte d’Ivoire – alongside Africa Finance Company and Themis, a Denham Capital-backed firm. The undertaking, which aligns with the African Growth Financial institution’s New Deal on Vitality for Africa, will thus enhance power entry for the inhabitants and the share of renewables in Côte d’Ivoire’s power combine.
Africa Oil & Fuel Deal of the 12 months: Cabinda Refinery, Angola
Led by: Chris Down and Madhavi Gosavi
Norton Rose Fulbright is advising Sonangol on the procurement and minority fairness funding in a 30,000-bpd refinery situated at Cabinda, Angola, which produces refinery merchandise for the home market.
Americas
North America Renewables Deal of the 12 months – Onshore Wind: SunZia Wind and SunZia Transmission
Core Crew: Todd Alexander, Christy Rivera, Mangesh Dhume; Ana Namaki; K. Lee Gordon, Marian Baldwin Fuerst, Bassam Chain, Tobi Amoo, Deanne Barrow, Eli Humphries, Danielle Donofrio, Will Plews-Ogan, John Desan
Norton Rose Fulbright represented the syndicate of lenders to the US$11bn debt financing of SunZia Wind and Transmission. SunZia Transmission is a 550-mile transmission line between central New Mexico and south-central Arizona with the capability to move 3,000 MW of electrical energy. SunZia Transmission will ship clear energy generated by Sample Vitality’s 3,515 MW SunZia Wind facility, the most important wind undertaking within the Western Hemisphere, which is being constructed throughout Torrance, Lincoln, and San Miguel Counties in New Mexico.
Collectively, the transmission line and wind facility make up the most important clear power infrastructure undertaking in US historical past.
North America Oil & Fuel Deal of the 12 months – LNG: Rio Grande LNG
Core Crew: Noam Ayali, Rebecca Abou-Chedid, Charles Hord, Marian Baldwin Fuerst, Joseph Giannini, Paul Weber, Lindsey Swiger, Tobi Amoo, Grace Choi, Danielle Donofrio, John Ngunjiri, James Lacey, Siyi Zhu, Aneeta Iqbal, Francis McCabe
Norton Rose Fulbright represented the debt suppliers to Houston-based power firm Subsequent Decade Company’s Rio Grande liquified pure gasoline (LNG) export terminal. With a complete debt and fairness financing worth of US$18.4bn, the undertaking financing is the most important single LNG undertaking financing in america so far and, in accordance with the corporate and different sources, can be the most important greenfield power undertaking financing in US historical past.
Part one of many Rio Grande LNG Venture, situated in Brownsville, Texas, consists of the development of the primary three liquefaction trains on the firm’s 27 million tonnes each year (MTPA) LNG export facility. This landmark undertaking financing emphasizes the numerous function that pure gasoline will proceed to play within the world power transition.
North American Transport Deal of the 12 months – Mass Transit: MTA Fast Station Accessibility Program P3
Led by: Doug Buchanan and Jake Falk
Norton Rose Fulbright suggested the profitable proponent on the New York Metropolitan Transportation Authority’s historic US$965.2 million subway station accessibility P3 to improve 13 New York Metropolis stations underneath requirements which might be compliant with the American Disabilities Act. This was the primary undertaking within the MTA’s historical past to be awarded utilizing the P3 mannequin.
Latin America Water Deal of the 12 months – Desalination: Codelco
Led by: Charles Whitney, Chris Down, George Gibson and Marian Baldwin Fuerst
Norton Rose Fulbright suggested a consortium, consisting of Marubeni Company and Transelec, on the event and financing of an unbiased water plant (IWP) in Chile. The undertaking will provide water to 3 mines belonging to Chilean state-owned mining firm Codelco, the offtaker, within the Antofagasta area. The reverse osmosis desalination plant can have an preliminary capability of 840 litres per second with the potential for later growth of as much as 1,956 litres per second, lowering Codelco’s groundwater consumption by 60 %.
APAC
Refinance Deal of the 12 months – Airport: Perth Airport
Led by Alen Pazin
Norton Rose Fulbright suggested Perth Airport on the refinancing of its secured mortgage services that had been put in place in 2018 by the use of new mortgage services totalling A$1,100,000,000. The brand new mortgage services are offered by a syndicate of 12 home and international banks and have an accordion facility upsize possibility. The brand new services are secured underneath a standard senior safety and intercreditor preparations underneath which safety is shared with different senior financiers of Perth Airport – together with its present and future USPP noteholders and AMTN noteholders. Monetary shut for the brand new syndicated mortgage services was achieved in early July 2023
PPP Deal of the 12 months – Energy: Syrdarya II
Led by Chris Down, Nicky Davies and Charles Whitney
Norton Rose Fulbright suggested the profitable consortium, comprising EDF (Électricité de France), Nebras Energy, Sojitz Company and Kyuden Worldwide Company, on its improvement and financing of the 1500 MW gasoline fired IPP in Uzbekistan. The work included the analysis of undertaking paperwork, negotiation with the GOU, drafting and negotiation of the EPC contract and LTSA with the gasoline turbine producer and financing of the undertaking.
Renewable Vitality Deal of the 12 months – Biomass: SAEL Biomass Vitality Venture
Led by Nick Merritt
Norton Rose Fulbright suggested Asian Growth Financial institution (ADB) on INR 7.5bn (round US$91.14m) mortgage services to 5 subsidiaries of SAEL Industries Restricted (SAEL Industries), one in every of India’s main renewable power firms. The funds will probably be used to arrange biomass energy vegetation in Rajasthan, an agricultural state in India. The financing from ADB will assist SAEL Industries’ sustainable undertaking in selling technology of biomass power utilizing agricultural residue and cut back carbon depth in India.
Renewable Vitality Deal of the 12 months – RTC: ReNew RTC
Led by Stephen Begley
Norton Rose Fulbright represented a syndicate of 12 lenders on the US$ Equal of as much as INR 77,600,000,000 (approx. US$1 billion) Facility Settlement in relation to the financing, building and operation of ReNew Energy’s “Around the Clock” 400MW Venture throughout 5 websites (a photo voltaic farm, 3 windfarms and battery storage) in three states in India (the States of Rajasthan, Maharashtra and Karnataka.
Photo voltaic PV Portfolio – Portfolio Financing of the 12 months: Sherabad, Jizzakh
Led by Charles Whitney and Chris Down
Norton Rose Fulbright suggested Masdar on the profitable improvement and financing of two 220MW photo voltaic PV tasks within the Samarkand and Jizzakh areas of Uzbekistan offered underneath the Funding Regulation, along with the event and financing of the 450MW Sherabad Photo voltaic PV IPP procured by the GOU underneath the Funding Regulation.
Digital Infrastructure Deal of the 12 months – Information Middle: Venture Gotham
Led by Joris Ravelli
Norton Rose Fulbright suggested a syndicate of finance events, as a neighborhood legislation counsel alongside different advisers, to finance the event of 120 MW hyperscale information middle campus in Indonesia by the use of a sustainability-linked mortgage. This financing is taken into account a primary within the information middle panorama of Indonesia and probably enhances sustainability.
