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Matheson Advises NSH Nordbank on Financing of Clogheravaddy Wind Farm

AUTHOR(S): Garret Farrelly, Peter O’Brien
PRACTICE AREA GROUP: Energy and Natural Resources, Project Finance, Finance and Capital Markets
DATE: 28.01.2019

Matheson recently advised international lender, HSH Nordbank AG (“HSH Nordbank”), on its financing of a proposed onshore wind farm near Clogheravaddy, County Donegal.  Clogheravaddy Wind Farm is being developed by ABO Wind, a leading renewable energy developer in the Irish and European markets.  Matheson worked closely on this transaction with Hogan Lovells (Hamburg) who advised HSH Nordbank as German law counsel on the transaction.

The Matheson team was led by Garret Farrelly, partner and head of the Energy and Infrastructure Group, who was assisted by senior associate, Elizabeth McCann and associate, Owen Collins as well as various specialists from Matheson’s Banking, Planning, Corporate and Property teams.  Garret Farrelly commented “We are delighted for HSH Nordbank and ABO Wind to have reached financial close on the Clogheravaddy Wind Farm.  I believe that this mandate as well as our other recent mandate to advise HSH Nordbank on its financing of the Letteragh Wind Farm in Co. Clare, demonstrates once again that Matheson is the firm of choice for internationally focused companies and financial institutions doing business in and from Ireland.” 

Peter O’Brien, partner in the Finance and Capital Markets Group who advised on all finance-related aspects of the transaction also commented, “It is clear from the interest shown by the array of lenders (both domestic and international) that Ireland’s renewable energy sector continues to evolve. This is a mature market and the level of certainty which it provides makes it attractive for the deployment of long-term debt capital in the sector.”

Matheson is a market-leading advisor with energy and natural resources lawyers who are recognised as leaders in their field.  We advise domestic and international clients on all aspects of energy law, including renewable energy, energy-related mergers and acquisitions, energy regulation, development and / or project finance of energy projects, electricity and gas networks, mining, and oil and gas exploration.

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