Herbert Smith Freehills Paris LLP has recently advised Meridiam, a leading global investor and asset manager specialising in public and community infrastructure, on financing for the Senergy plant in Senegal, the largest solar photovoltaic power plant in West Africa. With 30 MWc in nominal capacity, the plant will be located near Méouane, in the Thiès region, northwest of Dakar.
The cost of the plant is FCFA 28 billion (€43.2 million), partly financed by a loan from Proparco, a subsidiary of the Agence Française de Développement (AFD) devoted to private sector funding. Meridiam paired with Solairedirect (Engie) on project construction and operation.
The team from Herbert Smith Freehills advised Meridiam on the development and financing of Senergy and was headed by Paris-based partners Leïla Hubeaut, Louis de Longeaux, Laure Bonin, assisted by Nicolas Heurzeau (of counsel), Mathias Dantin and Ergen Ege on the project aspects, Raphaël Wagner (of counsel) on corporate aspects, and by Gwenael Pain-Blavec and Camille Vaguet on finance matters.
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