AG Heylen Energy & Belfius reach financial close of the world’s most powerful solar rooftop transaction
AG Insurance & Heylen Warehouses joined forces in a Dutch company AG Heylen Energy B.V. The installation of the PV installation in Venlo, the Netherlands will be operational by mid-June 2020 and will reach a combined capacity of more than 18 MW, to represent the “world’s most powerful sunroof”.
Loyens & Loeff as lead advisor to the deal
Loyens & Loeff has advised AG Heylen Energy & Belfius on all aspects of the project financed transaction as counsel to the deal. It was involved from the very outset on structuring and advising on the Dutch SDE+ subsidy mechanism, on to drafting EPC & O&M Agreements, notarial title deeds, a full due diligence report, to conclude on the project finance facility agreement, the related finance documentation and legal opinions.
The Loyens & Loeff deal team was led by Koen Panis, Benelux Project Finance partner, with the support of the cross border Projects & Energy team (Myrthe Thomassen, Pieter Verheyen, Zita Leijnse, Puck Hendriksen, Bram Devlies, Joris van de Bunt, Maarten van Kalmthout, Felicitas Stern, Roland de Vlam, Raphael Donkersloot, Erwin Bosma, Karen D’Leon-Groot, Hendrik Portengen, Jamie Pellegrom, Florentine Paanakker, Jan de Heer, Guido Koop and Thomas Verstraeten).
Koen Panis, Project Finance partner: "It makes us particularly proud to have been trusted with this true Benelux solar transaction. Three established Belgian players cross the border into new regulatory and legal territory. Our expertise in managing all legal & tax aspects of a cross border project financed energy deal, powered by the dedication of our team members, is our greatest asset.”
Koen PanisPartner Attorney at law
Koen Panis is a partner in our Brussels office where he is a member of the Banking & Finance Practice Group, the Energy Team and the Real Estate Team. He specialises in international and local finance transactions.T: +32 2 773 23 90 M: +32 497 53 38 36 E: email@example.com