Milbank LLP represented EIG on a €450 million structured credit facility to Aukera with the proceeds to be used to fund and develop its solar, wind and battery storage pipeline.
EIG is a leading institutional investor in the global energy and infrastructure sectors, with $22.9 billion under management as of 31 December 2023. EIG specializes in private investments in energy and energy-related infrastructure on a global basis. During its 41-year history, EIG has committed over $47.1 billion to the energy sector through over 405 projects or companies in 42 countries on six continents.
Aukera focuses on the development, construction and operation of solar, wind and battery storage projects. It is currently developing a pipeline of 11.5 GW and expects to have over 1.5 GW in construction or operation by 2026.
The Milbank team was led by Project, Energy and Infrastructure Finance partner John Dewar and special counsel Seyda Duman, along with associates David Thomas, Grace Otuonye and European Leveraged Finance/Corporate Finance and Securities associate Dionysis Diamantatos. The team also included Corporate partner Markus Muhs, special counsel David Schwenneker and associate Jana Kasakow in Germany, who assisted on the diligence and German law aspects.
