Clifford Chance advises the European Bank for Reconstruction and Development and the OPEC Fund for International Development as lenders for the 240 MW Khizi-Absheron wind power project in Azerbaijan

The project is developed by ACWA Power and is expected to reduce carbon emissions by more than 400,000 tonnes annually.

Lead partner Milica Zatezalo-Falatar comments: “We are delighted that we’ve been able to contribute to the signing of this landmark project, the first privately owned utility-scale wind power plant in the country. It will contribute to the country’s low-carbon transition. Sincere congratulations to all involved, huge team effort, it has been a privilege to assist.”

The team across the Paris and London offices included Sohini Kar-Purkayastha and Nadezhda Varbanova, counsel, Violaine Lecoq Burgelin and Elena Prudon, associates, on the project and financing aspects; Sandy Hall, partner, and Jonathan Forrest, associate, on the construction and O&M aspects; as well as Bruce Kahl, partner, and Struan Murray, senior associate, on the agency aspects.