Clifford Chance advised Eteck on the deal. Hogan Lovells advised the financing banks.
Eteck financed a portfolio of sustainable heating systems to be provided by Rabobank, ING, ASN Bank and ABN AMRO, to further strengthen its position on the sustainable heating market and to increase its impact on the thermal energy transition.
Eteck strives for the largest possible impact on decarbonising the heat and cooling demand in the Netherlands. With more than 250 projects in residential construction and commercial real estate with a total of almost 65,000 (housing equivalent) end users under contract, Eteck is the largest supplier of sustainable local heating and cooling in the Netherlands.
The Clifford Chance team consisted of Hein Tonnaer (Picture), Nanette Rutgers, Philip Walsh, Rutger Dekker, Lisa Ye, Wouter Fonteijn, Daniela Chilkevitsh, Mark-Jan Arends, Laura Stegeman and Regan Turner.
The Hogan Lovells team was led by Amsterdam-based structured finance partner Robert Masman and London based project finance partner Andrew Gallagher with support from Scott Tindall (partner), senior associates Carola Houpst and Art van der Pols, and associates Yvette Voermans, Tom Crane, Alexandro Flemming and Amy Cleaves; counsel Alexander Fortuin advised on Dutch tax aspects.
Involved fees earner: Mark Jan Arends – Clifford Chance; Rutger Dekker – Clifford Chance; Nanette Rutgers – Clifford Chance; Laura Stegeman – Clifford Chance; Hein Tonnaer – Clifford Chance; Regan Turner – Clifford Chance; Philip Walsh – Clifford Chance; Lisa Ye – Clifford Chance; Alexander Fortuin – Hogan Lovells; Andrew Gallagher – Hogan Lovells; Carola Houpst – Hogan Lovells; Robert Masman – Hogan Lovells; Scott Tindall – Hogan Lovells; Art Van der Pols – Hogan Lovells; Yvette Voermans – Hogan Lovells;