Offshore Wind Investment Survey â Summit Planned
âExperience of the teamâ was recently named as the principal trait to accumulate capital for current offshore wind projects as found in Wind Energy Updateâs survey on offshore wind investment and finance. Further to this, survey participants also saw that: âthe use of proven technologiesââ and the âsite characteristicsââ also played a major role in the acquisition of finance. As explained by Marios Papalexandrou of Mott MacDonald, âexperienced teams have greater risk awareness which allows them to predict hazards and respond to them in a quick and efficient mannerâ. The two fellow speakers (Matthew Tilbrook of Mizuho CorporateâŚ
Milbank Leads in $692 Million Drillship Deal
Milbank Represents Group of International Lenders in $692 Million Financing for New Deep Sea Drilling Ship Purchased by Brazilâs Schahin Group. Black Diamond 1 to be built by Samsung and leased to Petrobras for 10-year exploration of Brazilâs offshore oil and gas reserves; lender group from Asia, Europe, US. In one of the most significant cross-border financings involving Brazilâs offshore energy sector this year, Milbank, Tweed, Hadley & McCloy LLP has represented a consortium of major international lenders providing a US$692 million debt facility for the purchase of the Black Diamond I deepwater drillship by Schahin Group. The BrazilianâŚ
ACP Awards Financial Advisor Contract for Expansion
Panama Canal expansion to Mizuho Corporate Bank, Ltd. Services within the contract include: reviewing the financial aspects of the ACP's Master Plan and expansion proposal, providing strategic counsel on financing structures and strategies and creating and implementing an integrated financial model, among other items. A total of 15 firms participated in the international bid for this contract, including firms from the United States, Japan, France, England and Spain. After thorough technical and economical evaluation of the proposals, the contract was awarded to Mizuho Corporate Bank based on the firm's reputable experience and capabilities. Moreover, the firm was the best fit for requirements and interests of the expansion project.