Offshore lessons from two continents
PROJECT FINANCE INTERNATIONAL, 24 April 2015
Q1 2015 was quite an active period for offshore wind with the successful closing of two greenfield offshore wind projects, the 30 MW Block Island wind farm in the US, and the 332 MW Nordsee One project in Germany, as well as the refinancing of the 288 MW Baltic 2 in Germany.
This article focuses on the first two transactions, and while they are ostensibly very different in terms of regulatory context, technology, size and sponsors, both were structured in a manner that provides a good snapshot of current market conditions and trends. By Sophie Cherrier, a director of Green Giraffe in Paris who led the firm’s team advising on the Nordsee One project, and Jérôme Guillet, a managing director of Green Giraffe who was directly involved in the Deepwater project.
Click here for the full article (PFI website – subscription only)