Financing of Multiple Wind Turbine Sites

24 May 2017

We advised our client, Air Core Limited, on a recent refinancing of a renewable energy portfolio involving nine separate wind turbine sites at various stages of construction. To support the lending from a peer-to-peer funder Carson McDowell negotiated debenture security for various group companies as well as an inter-company cross guarantee. In addition, Carson McDowell oversaw a corporate restructure and wide scale asset transfer process to facilitate a hive-down of assets across the borrower group.

The matter was complex as there were multiple sites and the transaction had to reflect commercial arrangements in relation to diverse leasehold turbine supply and hive-down arrangements.

This transaction demonstrates Carson McDowell’s capacity to cover all aspects of energy financing with input from banking and finance, real estate, regulatory and corporate teams.