The Asset Triple A
Infrastructure Awards 2019

Country deal awards (North Asia)

China
Renewable energy deal of the year - Solar
CGN Power Group solar farm projects
740 million renminbi debt facilities
Sponsors:
CGN Capital Partners Infrastructure Fund III, Shangdong government
Financial adviser and structuring bank:
DBS
Mandated lead arrangers:
DBS, Oversea-Chinese Banking Corporation
Legal advisers:
JunHe LLP, ZhongLun
The largest anti-poverty solar power project in Shandong, China, its financing structure is set to become a template for upcoming Chinese solar power and wind power projects
Renewable energy deal of the year – Wind
CRC New Energy (UK)
acquisition of 30% stake in Dudgeon Holdings’ offshore wind farm
Sponsor:
China Resources Group
Financial adviser:
HSBC
Legal adviser:
Norton Rose Fulbright
The deal represents China Resources’ debut international investment in renewable energy sector as part of its ‘Go Global’ policy
Hong Kong
Transport deal of the Year
Route 3 Country Park Section
HK$1.54 billion refinancing facilities
Sponsor:
Sun Hung Kai Properties
Mandated lead arrangers:
Credit Agricole CIB, Hang Seng Bank, Mizuho Bank, MUFG, Sumitomo Mitsui Banking Corporation
Legal advisers:
Norton Rose Fulbright, Slaughter and May
Route 3 is one of the few BOT (build-operate-transfer) transactions in Hong Kong and it represents a significant participation by the private sector in the infrastructure in Hong Kong
Japan
Renewable energy deal of the year - Wind
Douhoku Onshore wind project
109 billion yen financing
Sponsor:
Eurus Energy Holdings
Mandated lead arrangers:
MUFG, Sumitomo Mitsui Banking Corporation
Legal advisers:
Nishimura & Asahi, Nagashima Ohno & Tsunematsu
The transaction was for the 517MW capacity onshore wind project, the largest in Japan
South Korea
Power deal of the year
Gen Plus BV 49% stake acquisition
in Paju Energy Service Company from SK E&S for 900 billion won
Financial adviser:
HSBC
Legal advisers:
Baker McKenzie, Hunton Andrews Kurth, Kim & Chang
The deal represents the largest acquisition to date by Electricity Generating Public Limited Company of Thailand and its debut investment into North Asia. It was also the largest M&A deal in the South Korean power sector in 2018
Taiwan
Renewable energy deal of the year
Formosa 1 Offshore Wind Farm
NT$18.7 billion loan facility
Sponsors:
Macquarie Capital, Orsted, Swancor Renewable
Financial adviser:
BNP Paribas
Mandated lead arrangers:
ANZ, BNP Paribas, Cathay United Bank, Credit Agricole CIB, DBS, EnTie Commercial Bank, KGI Bank, ING Bank, MUFG, Societe Generale, Taipei Fubon Commercial Bank
ECA:
EKF
Legal advisers:
Clifford Chance, Lee & Li, Linklaters, Tsar & Tsai
The ground-breaking transaction is the first offshore wind project financing in Asia and the first offshore wind farm in Taiwan
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