International law firm Clifford Chance has advised our long-standing client, wind and solar park operator Encavis AG, on an innovative €180 million non-recourse revolving debt bridge financing facility on project level for future renewable energy projects which may be constructed and operated across Germany, Italy, Spain and Denmark.
The financing is being provided by ABN AMRO Bank N.V. (NL), and COÖPERATIEVE RABOBANK U.A. (NL) and will contribute to Encavis’ Accelerated Growth Strategy 2027 by facilitating the acquisition and construction of renewable energy projects by providing bridge financing in anticipation of a subsequent long-term refinancing of such assets.
The Clifford Chance core team consisted of partner Christof Häfner, senior associate Philipp Borkowsky, associates Franziska Buchholz and Johannes Melcher, trainee lawyer Tim Bitterlich and transaction lawyer Lisha Xu (all Global Financial Markets, Frankfurt). Frankfurt-based counsel Radoslav Lolov provided hedging support, whilst counsel Chiara Commis (Milan), and partner José Guardo and associate Marta Ruiz (all Global Financial Markets, Madrid) provided Italian and Spanish law support respectively.
ABN AMRO Bank and COÖPERATIEVE RABOBANK were advised by Hogan Lovells with a core team in Hamburg composed of Carla Luh, Tobias Ulbrich and Georg Joecker.
