Sunrock’s Rooftop Solar Panel Projects Financing

Clifford Chance has advised ING, Rabobank and KfW IPEX on the deal.

ING, Rabobank and KfW IPEX financed the portfolio of rooftop solar panel projects installed by Sunrock, the largest developer of solar roofs in the Netherlands. This financial growth step will enable Sunrock to further accelerate their ambitions to install solar panels on the majority of the large rooftops in the Netherlands and wider Europe. The Clifford Chance team worked together with the lenders and Sunrock on the entire structuring, including unique features of rolling in fixed rate loans in combination with floating rate loans. In addition, the team was heavily involved in the due diligence process and making the current suite of project documents future proof and bankable.

This landmark transaction builds on Clifford Chance’s market-leading project finance practice and sector expertise in renewable energy. The team consisted of Hein Tonnaer (Picture), Nanette Rutgers, Mike Niekoop, Rutger Dekker, Jasper Wesselman, Genia Baardman, Wouter Fonteijn, Chris Verheesen, Philip Walsh, Arwin Lok and Esmee Oldenkamp.

Involved fees earner: Rutger Dekker – Clifford Chance; Arwin Lok – Clifford Chance; Mike Niekoop – Clifford Chance; Nanette Rutgers – Clifford Chance; Hein Tonnaer – Clifford Chance; Philip Walsh – Clifford Chance; Jasper Wesselman – Clifford Chance;

Law Firms: Clifford Chance;

Clients: ING Bank; KfW IPEX-Bank GmbH; Rabobank;

Author: Federica Tiefenthaler