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Osborne Clarke advised Aberdeen Standard and IDCM on €22.5m solar parks refinancing


Written on 13 November 2017

International legal practice Osborne Clarke has advised Aberdeen Standard Investments and funds managed by it, and IDCM Limited on a €22.5m refinancing for the Pensions Infrastructure Platform (PiP) on a portfolio of six UK solar farms.

Aberdeen Standard provided a long-term 18.5-year debt financing for PiP on a 29.4MW collection of assets owned by its Multi-Strategy Infrastructure Fund (MSIF).  MSIF acquired the projects – located in Kent, the Midlands and Yorkshire – in an unlevered deal at the beginning of 2017 from China’s Trina Solar.

Osborne Clarke’s cross-sector team that advised on the matter was led by Partner, Omar Al-Nuaimi who was supported by Banking Associate Lucy Daniels, Real Estate Senior Associate Charlotte Walker, Construction Partner Carl Thompson and Regulatory Associate Director Deborah Harvey.