International leading law firm Herbert Smith Freehills has advised Norske Skog Golbey, one of the 5 business units of the Norwegian group Norske Skog, the French group Veolia (through its subsidiary Veolia Industries Global Services) and Pearl Infrastructure Capital, a specialised investment fund dedicated to financing environmental infrastructure projects, on the launching of the “Green Valley Energie” project, based on Golbey’s paper mill, in the Vosges, France. The partners are starting the construction of a cogeneration biomass unit to support the site’s transition. The project contributes to the decarbonisation of the industrial activity and to the reduction of the site’s dependence on natural gas.
This project aims at meeting the Golbey site’s growing energy needs through renewables and competitive energies, by using biomass and saving about 210.000 tons of CO2 a year. The € 200 million investment was closed on 8 June 2022. Pearl Infrastructure Capital is the main investor (80%), alongside Norske Skog Golbey (10%) and Veolia (10%).
Herbert Smith Freehills has advised Norske Skog Golbey, Veolia Industries Global Services and Pearl Infrastructure Capital, with a team composed of partner Christophe Lefort, of counsel Thomas Herman, and associate Anna Zoumenou, on project matters; partner Christopher Theris, and associates Giuliano Lastrucci and Ornella Youkharibache on corporate matters; partner Régis Oréal, and associates Joëlle Chetrit, Ouerdia Amrouche and Jessy Laberty, on financing aspects; and partner Bruno Knadjian and associate Romain Martinez, on tax matters.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
Lawyers and firms: get featured on Legal Desire
Share your deals, lateral moves, firm news and insights with 1M+ monthly readers: founders, law firm partners, general counsel and practising lawyers across the US, UK, EU and GCC.
Get featuredSubmit a press releaseThe advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
