Garrigues, leading global legal adviser in project finance
The Firm closed a record number of deals in the first half of 2010
Garrigues continues to be the leading firm in project finance. The Firm is ranked as the top legal adviser worldwide after closing the highest number of deals, 23 in total, in the latest ranking published by the Infrastructure Journal, a well-known publication in the area of investment in infrastructure.
Garrigues continues to be the leading firm in project finance. The Firm is ranked as the top legal adviser worldwide after closing the highest number of deals, 23 in total, in the latest ranking published by the Infrastructure Journal, a well-known publication in the area of investment in infrastructure.
The 23 deals, valued at €6,000 million, relate to the renewable energy industry, with the development of thermosolar plants, wind farms and photovoltaic facilities, and to public infrastructure, including roads and airports.
One of the major deals in the period was the Castor gas storage project, considered to be one of the largest projects in Europe in the last two years. A syndicate of 19 banks will provide 1,460 million dollars in financing for the project, which consists of the construction of an underground natural gas storage reservoir at a depth of over 1,750m, making use of the existing geological formation of the Mediterranean sea bed, situated 22 km off the coast of Vinarés.
In a difficult half year for project finance, these excellent results evidence the confidence placed in Garrigues by financial institutions, who value above all the high level of expertise and extensive experience of the team.
Second-ranked legal adviser in public-private finance (PFI-PPP)
Garrigues has also excelled in the field of public-private finance, being ranked second of the top ten most important legal advisers. During the first half of 2010, the Firm closed a total of eight deals valued at 2,200 million dollars, according to the latest results published by Dealogic Global Project Finance Review.