Linklaters awarded 15 Deals of the Year by IJ Global

Linklaters is delighted to have been awarded 15 Deals of the Year at the IJGlobal Awards 2023. We are proud to support our clients on transformational and market-leading deals of this kind across multiple key sectors and jurisdictions. The awards demonstrate our extraordinary ability to execute multiple high-value and complex deals, underlining how important energy and infrastructure is to clients.

• Renewable Energy Deal of the Year
  Dragon Sea Project – Hai Long 
  Linklaters advised the sponsors including Mitsui on the development and financing of the approx. US$3.7bn 1GW+ Hai Long offshore wind farm project involving EDC, JBIC, NEXI, UKEF, EFA, Eksfin and Credendo. This is the largest offshore wind financing in Asia to date and the first CPPA backed financing in the Taiwan market.
  
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• Oil & Gas Deal of the Year – Petchem
  Line Project
  Linklaters advised the financiers (including KEXIM, K-SURE) on the financing of the Lotte Chemical sponsored Naphtha Cracker Project in the Banten province of Indonesia.
• Renewable Energy Deal of the Year – Offshore Wind
  Jeonnam 1
  Linklaters advised the lenders on the US$480m (KRW 615bn) financing of the Jeonnam 1 offshore wind farm project located in South Jeolla Province – this is the first internationally sponsored and financed offshore wind project in South Korea.
• Refinance Deal of the Year – Onshore Wind
  Project Typhoon
  Linklaters advised the lenders on the refinancing of three onshore wind projects owned by Macquarie Asset Management and wpd’s Taiwan business.
• Oil & Gas Deal of the Year – LNG Terminal
  HK Offshore LNG Terminal Project 
  Linklaters advised CLP on the development on the LNG Import terminal for Hong Kong SAR, including advising on project structuring and risks, LNG procurement, chartering of an FRSU and related services.
• Transport Deal of the Year – Airport 
  Project Bamboo Grove
  Linklaters advised Airport Authority Hong Kong on its multi-tranche issuance of US$3bn Reg S/144A senior green notes, including the US$500m 4.875% notes due 2026, US$700m 4.875% notes due 2030, US$800m 4.875% notes due 2033 and US$1bn 4.750% green notes due 2028.
• Energy Transition Deal of the Year, Europe
  Project ONE, INEOS 
  Linklaters advised INEOS Olefins Belgium on the development and €3.5bn financing to support the construction and operation of Project ONE, which is set to be the most environmentally sustainable ethane cracker in Europe.
  
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• Renewable Energy Deal of the Year – Offshore wind, Europe
  Baltic Power Offshore Wind Farm 
  Linklaters has advised a group of commercial lenders, ECAs and multilateral financial institutions on the development and $5.2bn non-recourse green financing of the Baltic Power offshore wind farm, which is owned by ORLEN (51%) and Northland Power (49%).
  
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• Restructure of the Year, Europe
  Tees Renewable Energy Plant 
  Linklaters has advised a syndicate of banks and funds in connection with the financial restructuring of the 299MW Tees Renewable Energy Plant, the world’s largest pellet biomass power plant.
   

   

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• Renewable Energy Deal of the Year – Portfolio Financing, Europe
  Bruc Energy’s 6GW Renewable Platform 
  Linklaters acted as legal advisers to the arrangers in connection with the €600m HoldCo financing of Bruc Energy, S.L. (Spanish IPP backed by USS and OPT) to partially finance the construction and operation of a portfolio of solar photovoltaic and wind generation plants of 8.5 GW in Spain.
• Gigafactory Deal of the Year, Europe
  AESC Gigafactory Project in Douai, France 
  Linklaters has acted as counsel to the lenders and the European Investment Bank (EIB) on the financing of the Envision AESC electric battery gigafactory in Douai. The funding will provide a battery supply of 9 GWh to power 200,000 electric vehicles produced by Renault each year from 2025. This investment is the first of four battery gigafactories planned in the Hauts-de-France region.
• Refinance Deal of the Year – Offshore Wind, Europe
  Saint-Nazaire Refinance 
  Linklaters advised the lenders on the refinancing package for the Saint Nazaire offshore wind farm in France.
• Digital Infrastructure Deal of the Year – Towers, Europe
  Project Oak / Vantage Towers 
  Linklaters advised Vodafone Group PLC on its co-control joint venture partnership with Oak Holdings – a consortium led by Global Infrastructure Partners (GIP) and KKR for the voluntary takeover of Vantage Towers AG.
• Transport Deal of the Year, Africa
  Cape Verde Airports Concession
  Linklaters advised the development banks IFC, Proparco and DEG on the financing of Vinci Airports for the concession of Cape Verde's airports. Vinci Group will consequently take over the management of 4 international airports and 3 aerodromes, in what is an important milestone for the modernisation of the archipelago.
• Sustainability-Linked Deal of the Year, Africa 
  Gold Fields' Sustainability-Linked RCF 
  Linklaters advised Gold Fields Limited on their US$1.2bn sustainability-linked revolving credit facility. This is Gold Fields' first sustainability linked loan and is linked to the achievement of three ESG priorities: decarbonization, gender diversity and water stewardship.