Green Giraffe was mandated on the non-recourse financing of a portfolio of energy efficiency projects whereby a consortium of Solvay, Marubeni and Caisse des Dépôts takes over energy facilities on Solvay industrial sites and finance new investments to improve energy efficiency with project finance debt provided by SMBC and BTMU.
The portfolio comprises four projects located in France and Italy and totals a production capacity of 230 MW of electrical power and over 900 t/h of steam. These projects help reduce both the overall energy consumption as well as the environmental impact of Solvay’s sites, while enhancing the plants’ efficiency and competitiveness.
Green Giraffe was mandated in October 2014 by the sponsors to assist in the debt raising process (including preparation of the financing package and negotiation of the financing documentation), modelling, contracting review and due diligence (legal, technical, tax and insurance) management.
Green Giraffe has also assisted sponsors with a number of agency tasks including preparing a model update and various document required for completion.
The Eeco project was awarded European power deal of the year 2016 by IJ Global.
