15 September 2021
- Hein Tonnaer, Nanette Rutgers, Mike Niekoop, Rutger Dekker, Jasper Wesselman, Philip Walsh, Arwin Lok, Priyanka Paunrana
Clifford Chance advises ING, Rabobank and KfW IPEX on the portfolio financing of rooftop solar panel projects installed by Sunrock
Clifford Chance has advised ING, Rabobank and KfW IPEX on the portfolio financing 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. Our team consisted of Hein Tonnaer, Nanette Rutgers, Mike Niekoop, Rutger Dekker, Jasper Wesselman, Genia Baardman, Wouter Fonteijn, Chris Verheesen, Philip Walsh, Arwin Lok and Esmee Oldenkamp.