Project and Infrastructure Finance

The Practice

Arthur Cox has one of the largest and most prolific project and infrastructure finance practices in the Irish market.  We are consistently at the forefront of developments in the project and infrastructure finance sector and have advised on many of Ireland’s largest and most complex financing transactions.

We have topped the Infrastructure Journal League tables for volume of closed project finance transactions amongst Irish law firms for the past ten consecutive years.  Our experience covers the full range of infrastructure and utilities sectors including conventional and renewable energy, transport, health, education, communications, justice and social infrastructure.

Project and infrastructure finance forms a core part of the firm’s Infrastructure, Construction & Utilities Group. We are consistently at the forefront of the development and use of project finance and have devised, structured and implemented numerous project finance structures utilizing syndicated debt; debt capital markets; securitisations; joint ventures; and secondary market sales of equity interests.

Expertise

Project and infrastructure finance, by its nature, requires the negotiation and settling of frequently competing financial, legal and commercial issues. Arthur Cox infrastructure and project finance lawyers regularly address these issues and have accumulated extensive experience in structuring, negotiating and closing transactions in Ireland, both North and South, and internationally.

We have been at the forefront of project and infrastructure finance developments in Ireland. Key members of our team have worked in house with funders, utilities and regulators in Ireland and internationally. In addition to having structured and closed some of the most innovative project financings completed to date in Ireland and Northern Ireland, our lawyers have also worked in other jurisdictions and have extensive international projects experience in the UK, Australia and internationally.

For each of the past ten years we have been the highest ranked Irish law firm in the Infrastructure Journal League Tables (by volume).  Our project and infrastructure finance expertise is complemented by our strength in related practice areas including procurement, construction, regulatory compliance and corporate. We undertake detailed risk and contractual assessments, we integrate business issues and devise risk mitigation and solutions, we advise on financing and project documents.

Experience

  • Advising ESB and Bord na Móna on the financing the 89MW Phase 1 of the Oweninny Windfarm;
  • Advising Dublin Waste to Energy Limited in relation to the €525 million financing of the Dublin Waste to Energy Project (Partnerships Awards Energy/Waste/Water Deal of the Year 2015) as well as the 2017 Refinancing of the Project;
  • Advising Coillte in relation to the financing of the 64MW Sliabh Bawn Windfarm;
  • Advising the funders in relation to the €180 million Mayo Renewable Power Biomass Project;
  • Advising Viridian in relation to the financing of the 95MW Meenadreen Extension Windfarm;
  • Advising the sponsors in relation to the financing and subsequent refinancing of the ten windfarm, cross border EcoWindPower windfarm portfolio;
  • Advising the funders in relation to the €100 million financing of Schools Bundles 4 PPP (Partnerships Awards Education Deal of the Year 2015);
  • The funders on the N17/N18 Roads PPP (International Financial Law Review (PPP Deal of the Year 2014);
  • Advising EirGrid in relation to the €600 million Phase 2 financing of the 500MW HVDC Interconnector linking Ireland and Wales (Finance Magazine Loans and Finance Deal of the Year 2011).