Project finance and PFI in Wales

Eversheds Sutherland (International) LLP

Eversheds Sutherland (International) LLP 's Cardiff team forms a key component of the firm's multi-disciplinary/office offering to developers, investors and an increasing roster of financiers engaged in energy, transport and social infrastructure projects including those structured on a PFI/PPP basis. The team is particularly well-known for its renewable energy projects expertise, where it is able to provide corporate, real estate, regulatory and financing input on many large international mandates handled by the firm. Corporate partner Michelle Davies is noted for her clean energy projects expertise, work which regularly sees her involved in global deals, including in the Middle East. Iwan Walters  recently relocated to the firm's Dubai office.

Practice head(s):

Michelle Davies

Other key lawyers:

Rob McNabb; Jean-Pascal Boutin; James Trafford

Key clients

Deutsche Bahn

Blackrock

Centrica

EDF

Pensions Infrastructure Platform

Wartsila

Macquarie

E.ON

Rwanda Development Board

IFC

Work highlights

  • Advised a UK infrastructure fund as the purchaser in a competitive auction process to acquire 24 solar farms comprising 142MW across the UK from Canadian Solar
  • Acted for the purchaser on the £100m IPO of shares on the Specialist Funds Segment of the London Stock Exchange’s main market and associated acquisition of a seed portfolio of energy storage systems with a capacity of 70MW
  • Advised CGN EE on its acquisition of a majority stake in North Pole Vindkraft Holding, the holding company for Markbygden ETT, which is involved in the construction of Europe’s largest single site onshore windfarm in Markbygden, Sweden
  • Advising NNB Generation Company as one of two law firms responsible for all construction and EPC contracts for £18 billion Hinkley Point C nuclear new-build project.
  • Advising Triton Knoll Offshore Wind Farm on the land assembly elements of the lateral infrastructure cable route.

Hugh James

Tapping into the expertise of corporate, finance, real estate/construction and litigation lawyers, Hugh James' multi-disciplinary team regularly advises public and private sector stakeholders, including investors, contractors and financiers, across a variety of UK-based projects. Iwan Jenkins  has particular expertise in framework agreements and collaborative construction contracts; he has also been at the forefront of the firm's work for clients utilising the Welsh Government's Mutual Investment Model to finance public infrastructure developed in Wales.

Practice head(s):

Iwan Jenkins

Other key lawyers:

Ioan Prydderch; Peter Hurn; Dominic Marshall; Caroline O’Flaherty

Key clients

Pobl

Coastal

Ely Bridge Development Company

SA Brain & Co

Cenin Renewables

The International Convention Centre Wales

Coleg Gwent

Cardiff and the Vale University Health Board

Work highlights

  • Advising on the acquisition of new headquarters for SA Brain, Wales’ biggest brewer and hospitality company, a joint venture scheme and regeneration project that will substantially impact the city.
  • Advised Coleg Gwent on a complex development involving innovative funding mechanisms and lease arrangements, developing an area that will substantially alter the city of Newport
  • The firm continues to act for Ely Mill on a £100m project to remediate and develop a 53 acre brownfield ‘The Mill’ site in Cardiff.
  • Advising a new entrant into the property development market on a mixed use development in Cardiff city centre.
  • Advising the borrower on the term and revolving facilities put in place to fund the ongoing development of the hotel and resort group