Walkers acted as Cayman Islands counsel to the lender, CIBC FirstCaribbean (Cayman), on the financing of a solar plant in the Cayman Islands.
The project is ground-breaking for the Cayman Islands, being the first renewable energy project of its kind in Cayman, with the plant expected to provide clean renewable solar energy to hundreds of homes.
The project required significant input from Walkers as counsel to the lenders on complex matters not previously considered in this context in the Cayman Islands – including regulatory issues and security over Cayman situs project assets. The deal underscores Walkers position as the leading Cayman Islands firm for project financing transactions, including the financing of renewable energy projects.
The deal was led by partner David Collins (Picture) with senior counsel Stuart Rowe and associate Omonike Robinson-Pickering assisting.
Law Firms: Walkers Global;
Clients: CIBC FirstCaribbean;