Opening China markets for Sarlin
GreenStream has opened China markets to many Finnish small and medium sized companies. One of the main technology partners at the moment is Sarlin.
The Renewable Energy Performance Platform (REPP) has been established in order to develop small-scale and distributed renewable energy in sub-Saharan Africa.
REPP has been set up with the support of The European Investment Bank and United Nations Environment Programme. As an innovative climate finance initiative, REPP’s purpose is to provide support to African renewable energy projects smaller than 25MW, to enable them to reach financial close and be constructed. The REPP “toolbox” includes:
- Early stage technical assistance;
- Efficient access to financial structuring and risk mitigation instruments, including assistance in sourcing debt financing; and
- Results-based finance, in certain limited circumstances, to ensure that viable projects are able to reach financial close.
The provision of legal support to project developers’ forms part of the “toolbox” that the REPP may provide to African renewable energy projects to assist them in reaching financial close. In order to provide this assistance in a cost effective and timely manner the REPP has appointed a Legal Panel consisting of the following firms: Baker & McKenzie, DLA Piper, Bowman Gilfillan and Norton Rose Fulbright.
Karl Upston-Hooper, General Counsel of GreenStream, who serves as Company Secretary of the REPP, said: “A key component of our technical services is providing projects with the necessary legal resources for due diligence, documentation review, power purchase agreement negotiation and regulatory compliance. To this end we have selected four world class firms with 1st-in-class track records in African renewables and are confident that the expertise of these firms will further the goals of the REPP and help create a sustainable financing ecosystem for small scale renewables in sub-Saharan Africa.”
For further information:
“We are delighted to be appointed to the REPP legal panel and we look forward to supporting REPP through every stage of the renewable energy investment programme”.
“Baker & McKenzie is delighted to be a panel firm for REPP. REPP’s work to help unlock widespread deployment of small scale renewable energy throughout sub-Saharan Africa will have a profound impact on the communities and the region. We are eager to assist REPP in this important endeavor.”
“We are very pleased to be appointed to the panel of legal advisors for the Renewable Energy Performance Platform (REPP), one of the leading and innovative initiatives in international climate change finance. We look forward to supporting REPP with our wide office network in Africa and our long-standing experience in climate change finance.”
“Norton Rose Fulbright is delighted to be appointed to the 2016-2017 panel of legal advisors for the Renewable Energy Performance Platform. This is an excellent initiative that will support projects to improve energy access across Sub-Saharan Africa, we look forward to working with the team.”
Date posted:
21/03/2016
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