Milbank LLP represented EIG on a €300 million credit facility to Nordic Solar with the proceeds to be used for the construction of certain solar parks in Europe and for the acquisition of new project rights to grow its pipeline.
EIG is a leading institutional investor in the global energy and infrastructure sectors. EIG specializes in private investments in energy and energy-related infrastructure on a global basis. During its 41-year history, EIG has committed over $44.3 billion to the energy sector through over 400 projects or companies in 42 countries on six continents.
Nordic Solar is a leading Danish solar energy company which develops, builds and operates solar parks across Europe. Today, Nordic Solar operates solar parks with a total capacity of 358 MWp across Europe and has a portfolio of development projects of almost 1.8 GW.
The Milbank team was led by European Leveraged Finance partner Laura Bonamis and Global Corporate partner Markus Muhs, along with associates David Thomas, Jana Kasakow and Yalini Ravi.
