Linklaters advised Global Power Synergy Public Company Limited on the deal, while White & Case advised Copenhagen Infrastructure Partners.
Global Power Synergy Public Company Limited (GPSC) acquired a 25% interest in the Taiwanese 595MW Changfang and Xidao (CFXD) offshore wind farm from Copenhagen Infrastructure Partners (CIP).
GPSC, a power flagship in the group of PTT Public Company Limited, will acquire the stake through its wholly owned subsidiary, Global Renewable Synergy Company Limited (GRSC). The transaction represents the total investment of approximately US$500m until project completion. Through the transaction, GRSC will enter the CFXD project as a co-owner alongside the funds under CIP, as well as the local Taiwanese minority stake shareholders.
The Linklaters team was led by Bangkok-based energy & infrastructure partner Wanwisar Nakarat (Picture) and comprised a multi-jurisdictional and cross-practice team, including partner Andrew Penfold, counsel Ying Fu and Patsharamon Manathat from the energy & infrastructure group, and partners Robert Elliot and Sophie Mathur and managing associate Artem Boiko from the corporate practice.
The White & Case team in Asia-Pacific which advised on the transaction was led by partners Christopher Kelly and Fergus Smith, and included partners Andrew Clark, Candice Ota and Anthony Vasey, local partner James Hsiao, counsel Peiwen Chen and Hilary Cure, and associates Connie Ng, Donovan Ang, Michael Li, Nettie Choo, Andrew Baker, Kevin Chen, Dion English, Callum Fitzpatrick, Ostiane Goh-Livorness, Ruveena Kaliannan, Audrey Lim, Ee Lynn Tan and Gabby Wong.
Involved fees earner: Artem Boiko – Linklaters; Robert Elliott – Linklaters; Ying Fu – Linklaters; Sophie Mathur – Linklaters; Wanwisar Nakarat – Linklaters; Andrew Penfold – Linklaters; Donovan Ang – White & Case; Andrew Baker – White & Case; Peiwen Chen – White & Case; Kevin Chen – White & Case; Nettie Choo – White & Case; Andrew Clark – White & Case; Hilary Cure – White & Case; Dion English – White & Case; Callum Fitzpatrick – White & Case; Ostiane Goh-Livorness – White & Case; James Hsiao – White & Case; Ruveena Kaliannan – White & Case; Christopher Kelly – White & Case; Audrey Lim – White & Case; Connie Ng – White & Case; Candice Ota – White & Case; Fergus Smith – White & Case; Ee Lynn Tan – White & Case; Anthony Vasey – White & Case;