Linklaters advises Actis on the establishment of a new renewables platform in Japan and its investment in Hergo Japan Energy Corporation
Linklaters advised Actis, a leading global investor in sustainable infrastructure, on the establishment of a new renewables platform in Japan, Nozomi Energy Co., Ltd. (Nozomi).
The US$500m Japan-focussed renewables platform will target 1.1GW of onshore wind and solar power generation by 2027. The investment is made from Actis’ fifth and latest energy infrastructure fund, Actis Energy 5, representing US$6bn of investable capital targeting the acceleration of energy transition globally.
Linklaters also advised Actis on its first investment in Japan and seed asset for Nozomi in acquiring 100% of Hergo Japan Energy Corporation (Hergo Japan Energy), which has a portfolio of operating and development stage solar and onshore wind projects totalling around 230MW, plus a significant pipeline of early-stage projects.
The cross-practice Linklaters team was led by corporate partner Tracy Whiriskey and energy & infrastructure partner Hirofumi Taba, with support from managing associates Jessika Colthurst and Mamoru Ikeda.
Linklaters’ Tokyo-based corporate partner Tracy Whiriskey commented:
'We are thrilled to have supported Actis on its debut investment into Japan’s growing renewables market. This bolsters our firm’s established reputation for delivering cutting-edge sector focussed advice within the context of corporate/M&A transactions. Our team is grateful for Actis’ continued trust and confidence in us and we look forward to continuing to support them on future transactions.'
Linklaters has worked on several landmark energy & infrastructure sector M&A transactions across Asia, which included previously advising Actis on its first energy infrastructure investment in Vietnam, where the firm’s cross-practice and regional experience was essential.
Linklaters advises the Republic of Chile on international offering of Euroclearable peso-denominated social bonds
Linklaters has advised the Republic of Chile on the global offering of its peso-denominated 6.0% Bonds due April 1, 2033, totaling approximately US$2.2 billion (CLP$1.75 trillion), through a book-building process, with simultaneous offerings in local and international markets.
The Republic of Chile intends to use the net proceeds to finance projects the qualify as eligible social expenditures under its Sustainable Bond Framework. It was reported that orders came in at over US$6 billion, with international investors making up 57% of the total demand.
The Linklaters team was led by partner Conrado Tenaglia and counsel Alejandro Gordano, alongside partner Gabriel Grossman (Tax) and associate Matthew Russo (Tax), associate Mario Lercari and foreign attorney Manuel Eyzaguirre.
Linklaters continues to be at the forefront of the growth in the green and social bonds market, with experience spanning the firm's Latin American, North American, European, and Asian offices.
Source: Linklaters
