Banking and renewables sector experts from Burges Salmon have advised MUFG’s core banking unit, the Bank of Tokyo-Mitsubishi UFJ, Ltd. on the refinancing of Twin Rivers Wind Farm Limited.
The Burges Salmon team, led by banking partner Nathan Curtis with assistance from the firm’s real estate and projects departments, advised MUFG on all legal aspects of the transaction, which involved the refinancing by MUFG of existing debt facilities for Twin Rivers Wind Farm Limited.
Twin Rivers Wind Farm Limited owns and operates an onshore wind power generating station with total installed capacity of 28.7 MW in Goole, East Riding of Yorkshire and was acquired by NTR for its NTR Wind 1 Fund from joint vendors InfraRed Environmental Infrastructure Fund and the Co-operative Group in December 2016.
Nathan Curtis says: “This is our first transaction acting for MUFG and we are pleased to have helped drive this project to financial close. It was great to work again with NTR following the successful close of the Quixwood Moor onshore wind financing last year. Our lender-side project finance practice continues to grow and provides a genuine alternative to the London market."
Stephen Jennings, Executive Director, Power & Renewables at MUFG in EMEA said: “We are delighted to have worked with Burges Salmon on this deal, which was executed swiftly, in line with NTR’s expectations.”