We are delighted to have assisted Lenders on the acquisition financing of a stake in the HKZ offshore wind project

Delighted to have advised a consortium of international lenders led by ING Bank N.V. in relation to the financing of BASF’s investment in the Hollandse Kust Zuid offshore wind farm, in the North Sea. This will be the largest offshore wind farm in the world, with an installed capacity of 1.500 MW. It will also be the first Dutch offshore wind project without subsidies.

Our team assisted on the bankability review of the legal due diligence reports and key contracts of the project’s corporate and offtake structure. We reviewed and provided input from a Dutch law perspective on the finance documents and drafted the Dutch law security package.