International legal practice Osborne Clarke has advised Bayerische Landesbank (BayernLB) on a new debt facility, which has enabled the Pensions Infrastructure Platform (PiP) to complete a £86 million long-term refinancing for a 32MW portfolio of onshore wind assets.
The portfolio comprises of 45 onshore wind turbines across the UK and Ireland with the refinancing package designed to take advantage of the current attractive market rates, whilst maintaining PiP’s conservative approach to leverage, as it continues to secure long-term inflation linked cashflows.
The Osborne Clarke team was led by Partner Omar Al-Nuaimi with support from Associate Director Mike Kruger and Associates Gavin Williams and Lucy Gillespie. The broader Osborne Clarke team consisted of Associate Director Elizabeth Shanahan and Associate Ben Doeh (Tax), Associate Director Charlotte Walker (Real Estate), Associate Director John Webster (Planning), Partner Carl Thompson (Construction), Partner Carl Roche (Property Disputes), Associate Director Deborah Harvey (Projects) and Trainee Zarina Alexander.
Support was also provided by Harper McLeod (Scotland), Carson McDowell (Northern Ireland) and Mason Hayes & Curran (Ireland).
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.