International legal practice Osborne Clarke has advised Aberdeen Standard Investments on the refinancing of Albion Capital's Albion Community Power, a £105M renewable energy portfolio. The debt was secured by raising £57 million of debt across the portfolio of onshore wind, hydro and solar projects.
The refinancing required raising long-term, non-recourse, institutional, RPI-linked debt from funds managed by Aberdeen Standard Investments. The debt was secured against the portfolio which included refurbished turbines.
Osborne Clarke has an established and well-respected position as one of the leading international law firms advising on renewable energy projects and transactions. For over 20 years it has helped clients to seize new opportunities and meet the challenges of making energy generation clean, affordable and secure. The combination of the team’s experience and understanding of the energy sector means they are regularly called upon to support businesses on all aspects of their commercial, regulatory, corporate, finance and construction legal needs.