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Clifford Chance

Clifford Chance

Energy & Infrastructure

Critical architecture underpinning energy transition

Investment is needed in critical infrastructure including battery storage, EV charging and interconnectors. We have experience advising clients across each of these key areas.

Battery storage helps to balance electricity supply and demand and will be particularly important given the scaling up of intermittent renewable energy production.

The development of the high-speed electric vehicle (EV) charging network represents a huge infrastructure challenge and a corresponding opportunity for developers, infrastructure investors and debt providers.

Many of the changes required to enable the energy transition: the scaling up of renewable electricity generation; switching from natural gas to green gases such as clean hydrogen; sector coupling, require significant investments in grid infrastructure. This will include both refurbishment and new build, including interconnectors between nations.

Recent client highlights

Battery Storage

  • Two battery storage assets, Central America: advised IDB Invest on the financing to Neoen SA for two battery storage projects with a total capacity of 11MW and 8 MWh to be installed at the existing Capella and Providencia solar plants in El Salvador.
  • Solar grid/lithium battery storage, Australia: advised Nord/LB on the financing of a 13MW PV solar plant with a grid connected 5.4MWh/1.3MW lithium battery in Queensland, Australia. Asia Pacific Solar Deal of the Year 2016, IJGlobal Asia Pacific Awards
  • Government Electric Vehicle Charging Fund, UK: Advised Zouk Capital on the establishment of the UK Government-backed £400m electric vehicle charging infrastructure investment fund.

 

EV Charging

  • EV fast charger SPAC, Australia: advised Decarbonization Plus Acquisition Corporation II (DCRN), a special purpose acquisition company (SPAC) on its merger with the maker of fast chargers for electric vehicles Tritium Holdings Pty Ltd, becoming the first Australian company to reach a deal with a SPAC.
  • Allego, the Netherlands: advised Meridiam on the acquisition of Allego B.V., the Netherlands-based company that develops charging solutions for electric vehicles. European Innovation Deal of the Year 2019, IJGlobal Awards.

 

Interconnectors

  • Viking Link Interconnector, UK/Denmark: Advised the lenders on the export credit agencies (ECA)-backed financing of a pan-European subsea electricity cable, known as an interconnector, between the UK and Denmark. Named Viking Link, the 1400 MW cable will supply renewable energy to 1.4 million households thereby contributing to a more effective use of green energy.
  • Greenlink interconnector, UK-Ireland: advised Partners Group in relation to all aspects of its investment in the proposed 200km subsea and underground Greenlink electricity interconnector between UK and Ireland.