White & Case advises Neoen on €220 million Finnish onshore wind farm portfolio project financing

Press Release
1 min read

Global law firm White & Case LLP has advised Neoen S.A., one of the world's leading independent producers of exclusively renewable energy, on the approximately €220 million project financing of a 203 MW onshore wind farm portfolio in Finland.

"This successful financing, on which we advised our long-standing client Neoen, is another example of the leading role White & Case is playing in the wider energy transition story," said White & Case partner Carina Radford, who led the Firm's deal team. "The transaction demonstrates that our activity in the Nordic renewable energy market is helping to bring innovative financing structures to market that accommodate certain merchant exposure."

The onshore wind farm portfolio, which comprises three assets currently under construction located in southern Finland, is supported by ten-year power purchase agreements with major Finnish offtaker Equinix, a world leader in digital infrastructure provision and services. The multi-facility debt package is being provided by Danske Bank, La Banque Postale and LBP Asset Management.

White & Case previously advised Neoen on a number of global projects, including the separate financings of the 404 MW Mutkalampi and 81 MW Hedet wind farms in Finland and the significant 300 MW Victorian Big Battery project in Australia.

Headquartered in Paris, Neoen currently owns and operates approximately 7.2 GW of assets in operation or under construction and has the stated ambition to reach 20 GW of capacity by 2030.

The White & Case team which advised on the transaction was led by partner Carina Radford (London) and included partners Ingrid York (London) and François-Guilhem Vaissier (Paris), counsel Nicholas Macheras (Paris) and associates Miles Tonkin, Jake Seal, Joss Cary, Eric Burke-Arevalo, Lara Taylor (all London) and Matthieu Tugler (Paris).

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