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Global law firm Ashurst has advised the Bank of England on the establishment of its Alternative Liquidity Facility (ALF). The Bank of England opened
Octopus Renewables Infrastructure Trust has refinanced a portfolio of solar farms in France totalling almost 120MW. The new €125.7m fully amortising debt facility has been provided by Allied Irish Banks, Societe Generale and La Banque Postale. It extends the maturity date of the financing by over five years to December 2038 and reduces ongoing interest costs. The portfolio consists of 14 fully operational solar assets with a total installed capacity of 119.5MW. Global law firm Ashurst has advised the banks on the refinancing. The Ashurst Paris team was led partner Mark Barges, assisted by s...
Ashurst has advised Natixis on the facility. The facility to National Electric Grid of Uzbekistan JSC was guaranteed by the International Bank for Reconstruction and Development, backstopping offtaker payment obligations for the landmark 100MW Nur Navoi solar photovoltaic IPP. The Nur Navoi solar project is being financed by Abu Dhabi Future Energy Company PJSC (Masdar), the World Bank Group and the Asian Development Bank and is the first IPP/PPP to reach financial close in Uzbekistan. It is expected to start contributing to Uzbekistan’s national electric network in the third quarter of 202...