Cross-border team advises TotalEnergies Renewables on restructuring and recapitalization of Yunneng Wind Power Co. Ltd

Global law firm Norton Rose Fulbright has advised TotalEnergies Renewables on the restructuring of the financial debt and recapitalization of Yunneng Wind Power Co. Ltd., an affiliate developing the Yunlin offshore wind farm (640W).

Located approximately 10 kilometers offshore in the Taiwan Strait, the Yunlin offshore wind farm, once operational, will comprise 80 wind turbines producing 2.4 terawatt hours (TWh) of renewable electricity per year, enough clean energy to meet the requirements of more than 600,000 households. The project faced significant delays due to technical problems and to the pandemic but is now on track for completion. As it reaches commissioning, this ambitious project, currently standing as one of the largest wind farms in Asia, not only will underscore the commitment to renewable energy in the region but also will mark a significant milestone in the renewable energy landscape.

The cross-border Norton Rose Fulbright team was led by Paris energy Partner, Simon Cudennec, assisted by Counsel Véronique Bruel, Associate Pierrick Ferrero alongside restructuring Partner Phillipe Hameau. 

London corporate partner Christopher Grieves, Counsel Andrew Davies, and associate Florence Childs, advised on the new shareholders' agreement and associated equity documents. London Partner Mark Craggs, assisted by Counsel Jack Mead and Associate Jade Porter advised in relation to English restructuring law. 

The German team comprised of partner Klaus Bader supported by Counsel Wenzel Richter and Associate Max Zeisler covering corporate law, partner Dirk Trautmann assisted by Associates Oliver Henningsmeier and Sebastian Jeschke advising in relation to financing aspects and Partner Tino Duttine providing German tax law advice.