Clifford Chance has advised UBS Asset Management (UBS-AM) on the financing of the acquisition by Global Energy Storage (GES), a global network of first-class energy storage assets, of part of the Stargate Terminal from Gunvor Group in Europoort, Port of Rotterdam.
Consequently, GES now owns four Class 1 product tanks totaling over 212 thousand cubic meters with long-term off-take from Gunvor. Furthermore, GES is pursuing expansion projects to support the Energy Transition. See more information about Global Energy Storage closing its first investment in the Port of Rotterdam with Gunvor Group.
Clifford Chance has advised on the due diligence and financing documentation, and the financing was delivered under UBS-AM’s Infrastructure Debt fund. The Clifford Chance team was led by David Woolmer and consisted of Lisa Ye, Amin Tamaddoni and Shaun Campbell (Finance), Liesbeth Buiter, Lotte De Bruin and Andrea Karkotis (Corporate) and Arwin Lok (Notarial).
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