This is the second EIP investment in the German offshore wind sector WFW has advised on

Watson Farley & Williams has advised Goldman Sachs as mandated lead arranger on the financing of Energy Infrastructure Partners’ acquisition of a 49 per cent share in the Wikinger offshore wind farm, Germany, from Iberdrola. 

The acquisition was financed by credit facilities of an aggregate amount circa €400m, comprised of a term loan, decommissioning LC, debt service reserve and working capital facilities.

The original lenders were Goldman Sachs, Rabobank and SEB. SEB also acted as facility agent, security agent and account bank, and Rabobank as LC issuing bank. The financing was structured as a HoldCo financing and involved extensive discussions between the lenders and Iberdrola on adapting the sharehold...

Suzanne Townley
News Editor
Solicitors Journal

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