DLA Piper has acted for Nord LB on the financing of Lilbourne wind farm, developed by Energiekontor.
Lilbourne wind farm is a 10MW site based in Northamptonshire, which was acquired by Energiekontor in summer 2013 and reached financial close on 18 February 2014. The turbine manufacturer is Senvion (previously known as REpower).
The funding package comes from Nord LB, which is providing long-term construction and operational facilities of approximately £18m, and KfW, which provided a term loan of €13m (£10.7m). The transaction also involved a novel end-user ‘sleeved’ power purchase agreement
Natasha Luther-Jones (partner, Leeds) led the DLA Piper team with support from Wolfram Distler (partner, Frankfurt), Sandra Gaidies (senior associate, Frankfurt), Robert Hofbauer (counsel, Frankfurt), James Wood-Robertson (senior associate, Leeds), Laura Gordon (senior associate, Leeds) and Rosie Horsewood (associate, Leeds).
This is the fifth wind-farm project in a year to successfully reach financial close where Nord LB has been advised by Natasha Luther-Jones and her team.