Portland Advisers has secured two new financial advisory mandates – one in the UK raising construction finance for two solar parks and the other providing bidding support for a waste infrastructure project in Greece.
The former is to raise finance on a short term basis for two solar parks in the South West of the UK with a nameplate capacity of c. 15MW. A potential lender has been identified and at present a comprehensive due diligence exercise is under way with EPC / solar panels most likely being sourced from Germany. Financial Close is envisaged for late December 2013 and construction of the plants will commence in December with the objective of having the plants grid-connected prior to 31 March 2014 in order to achieve 1.6ROC/MWh revenue support.
In Greece, Portland is advising a Greek construction consortium for two infrastructure projects (waste) – one project located in the Athens area and the other located in the Patras area. Both projects will use MBT technology sourced from a highly experienced German supply chain. The consortium has been pre-qualified and after a competitive dialogue with the authorities will have to provide a financial and technical binding bid with the target date of April 2014. Portland is advising how to best structure the debt portion of the transaction.
For further information contact Klaus Frietsch at klaus.frietsch@portlandadvisers.com or on +44 20 7183 8394 or Mike Harlow at mike.harlow@portlandadvisers.com or on +44 20 7183 7200
