Bird & Bird has advised Centamin plc on the deal.
The transaction involved the engineering, procurement and construction contracts for the 36MW solar farm and 7.5 MW battery-energy storage system at its Sukari Gold Mine in Egypt.
The Sukari solar plant will be the largest hybrid solar project at an off-grid mining operation globally and is expected to reduce diesel fuel consumption at Sukari by an estimated 22 million litres per annum and lower carbon emissions by an estimated 60,000 tonnes CO2-e per annum. The project is scheduled to be commissioned late in H1 2022.
The Bird & Bird team advised on all the project contracts and included Energy & Utilities partner Elizabeth Reid (Picture) as well as legal director Geraldine Laing and associate Hannah Roberts. Bird & Bird were well placed to advise on the project, combining its recognised international mining practice with its market leading expertise in renewables.
Law Firms: Bird & Bird;
Clients: Centamin plc;