Clifford Chance advises China Merchants Bank on €186 million financing for ACE Investment Fund relating to wind portfolio assets in Italy and Poland

Clifford Chance advises China Merchants Bank on €186 million financing for ACE Investment Fund relating to wind portfolio assets in Italy and Poland

Leading international law firm Clifford Chance has advised China Merchants Bank (CMB) Co. Ltd, Luxembourg Branch on its €186 million secured financing for clean energy fund ACE Investment Fund LP to invest in renewable energy assets, including a portfolio of operational wind farms in Poland and Italy with an aggregate generation capacity of 548 MW.

Commenting on the transaction partner Vicky Ma said, "We are pleased to support China Merchants Bank on this cross-border financing transaction, which is in line with CMB's strong commitment to promote renewable energy globally."

Vicky led a cross-jurisdiction team consisting of senior associate Yi Wang (Luxembourg), associate Agnes Tse (Hong Kong) and trainee Oscar Chan (Hong Kong), supported by partner Martin Wurth (Luxembourg) and associate Tjasa Perger (Luxembourg). Harney Westwood & Riegels acted as Cayman Islands counsel.

Clifford Chance regularly advises clients on market-leading energy transition-related transactions, including cross-border financing and investments in renewable energy and infrastructure projects. These include advising China Three Gorges on the acquisitions in Spain of a 619MW renewables portfolio and a 181MW portfolio of operating wind farms, and CDPQ on its landmark US$2.7 billion acquisition and holdco financing in Taiwan's Greater Changhua 1 offshore wind farm.