Arthur Cox advised Highfield Solar Limited on the deal. DLA Piper has advised Coöperative Rabobank U.A., Landesbank Baden-Württemberg and Norddeutsche Landesbank Girozentrale as the lenders to Highfield Solar Limited in the financing.
The solar farms involved were the 141MWp Gillinstown solar farm in County Meath and the 141MWp Rosspile solar farm in County Wexford. Highfield Solar Limited is a joint venture between Aura Power, Highfield Energy and ib Vogt GmbH. Landesbank Baden Württemburg, Norddeutsche Landesbank Girozentrale and Coöperative Rabobank U.A. provided the senior secured facilities for both solar farms in a total amount of approximately €160,000,000.
These Rosspile and Gillinstown Projects were two of the largest projects to win subsidy support in the first auction conducted under the Irish government’s new Renewable Energy Support Scheme and together represent the largest ever solar development to reach financial close in Ireland.
The Arthur Cox team consisted of Matt Dunn (Picture), Niamh Sheerin and Peter Murphy (Finance), Alex McLean (Energy, Renewables and Natural Resources), Niamh McGovern (Construction and Engineering) and Danielle Conaghan (Environment and Planning).
The multijurisdictional DLA Piper team included of counsel Felix Ndi-Obiosa (Finance & Projects, London), senior associate Robert Cockburn (Finance & Projects, Leeds), associate Adiya Gokarn (Finance & Projects, Leeds), associate Natalie Webb (Finance & Projects, Leeds), senior associate Jeremy MacIver (Finance & Projects, London), senior associate Jacques Camilleri (Finance & Projects, Leeds), associate Emma Whitfield (Finance & Projects, Leeds), associate Sophie Linnell (Finance & Projects, Leeds), partner Conor Houlihan (Finance & Projects, Dublin), partner Graham Quinn (Real Estate, Dublin), partner Kate Curneen (Finance & Projects, Dublin), legal director Eileen Johnston (Finance & Projects, Dublin), legal executive Bernie Gallagher (Real Estate, Dublin), counsel Robert Hofbauer (Finance & Projects, Frankfurt), senior associate Gabriela von Wietersheim (Finance & Projects, Cologne), partner Andreas Gunst (Finance & Projects, Vienna), senior associate Kenneth Wallace-Mueller (Finance & Projects, Vienna), legal director Marcus Lovatt (Finance & Projects, London) and associate Dolapo Oshin (Finance & Projects, London).
Involved fees earner: Danielle Conaghan – Arthur Cox; Matthew Dunn – Arthur Cox; Niamh McGovern – Arthur Cox; Alex McLean – Arthur Cox; Peter Murphy – Arthur Cox; Niamh Sheerin – Arthur Cox; Jacques Camilleri – DLA Piper; Robert Cockburn – DLA Piper; Kate Curneen – DLA Piper; Adiya Gokarn – DLA Piper; Andreas Gunst – DLA Piper; Robert Hofbauer – DLA Piper; Conor Houlihan – DLA Piper; Sophie Linnell – DLA Piper; Jeremy Maciver – DLA Piper; Felix Ndi-Obiosa – DLA Piper; Dolapo Oshin – DLA Piper; Graham Quinn – DLA Piper; Gabriela von Wietersheim – DLA Piper; Kenneth Wallace-Mueller – DLA Piper; Natalie Webb – DLA Piper; Emma Whitfield – DLA Piper;