Gowling WLG Advised Lender On €15 Million Revolving Credit Facility For NEAG Norddeutsche Energie AG
Acting as exclusive financial advisor, Capcora, oversaw structuring and securing of the financing.
Gowling WLG Advised Lender On €15 Million Revolving Credit Facility For NEAG Norddeutsche Energie AG
Acting as exclusive financial advisor, Capcora, oversaw structuring and securing of the financing.
Gowling WLG’s banking and finance team advised the lender on a €15 million revolving credit facility for Hamburg-based independent power producer, NEAG Norddeutsche Energie AG. Structured at holding company (HoldCo) level, the facility will finance construction of onshore wind projects in Germany. It is flexible in that it can be used for both EEG and merchant-supported projects.
Among the first on the German market to include merchant financing for onshore wind projects, the financing structure is unique and innovative. Acting as exclusive financial advisor, Capcora, oversaw structuring and securing of the financing.
The Gowling WLG team comprised Antoine Pampouille, Partner and Carl El Kalaani, Associate (both Banking & Finance in the Paris office); Carolin Glänzel, Partner and Josephin Schürmann, Associate (both Banking & Finance); and Michael Sinhart, Partner and Justus Seitz, Associate (both Corporate/Energy in the Frankfurt office).
The Simmons & Simmons CMS Hamburg team that advised NEAG comprised Marc Riede, Partner and Nicolai Bischof, Counsel as well as DNV. The Capcora team comprised Alexander Enrique, Kuhn Partner and Xueying Wu, Associate.
Click to know more about Gowling WLG
If you have a news or deal publication or would like to collaborate on content, columns, or article publications, connect with the Legal Era News Network Team and email us at info@legalera.in or call us on +91 8879634922.