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Clifford Chance

Clifford Chance
News and awards

News and awards

Clifford Chance advises the European Bank for Reconstruction and Development and the OPEC Fund for International Development as lenders for the 240 MW Khizi-Absheron wind power project in Azerbaijan

27 October 2023

Clifford Chance advises the European Bank for Reconstruction and Development and the OPEC Fund for International Development as lenders for the 240 MW Khizi-Absheron wind power project in Azerbaijan

The project is developed by ACWA Power and is expected to reduce carbon emissions by more than 400,000 tonnes annually.

Lead partner Milica Zatezalo-Falatar comments: "We are delighted that we've been able to contribute to the signing of this landmark project, the first privately owned utility-scale wind power plant in the country. It will contribute to the country's low-carbon transition. Sincere congratulations to all involved, huge team effort, it has been a privilege to assist."

Our team across the Paris and London offices included Sohini Kar-Purkayastha and Nadezhda Varbanova, counsel, Violaine Lecoq Burgelin and Elena Prudon, associates, on the project and financing aspects; Sandy Hall, partner, and Jonathan Forrest, associate, on the construction and O&M aspects; as well as Bruce Kahl, partner, and Struan Murray, senior associate, on the agency aspects.