(July 10, 2014) - Paul Hastings, a leading global firm, announced today that the firm advised Deutsche Bank on the signing of a JPY11.1bn non-recourse loan facility with Gestamp Solar to be used for the construction of a 32MW solar PV plant in Fukuroda, Ibaraki Prefecture, Japan.
This is the largest non-recourse solar financing in Japan, the largest solar financing by a foreign bank in Japan and the largest solar financing in Japan provided to a foreign sponsor. For more information, please see the Gestamp Solar announcement here
This transaction between Gestamp Solar and Deutsche Bank will be the first in a series of international standard non-recourse solar project finance deals in Japan between the two parties. Deutsche Bank is also in advanced discussions with other foreign solar developers to provide financing for their Japan based solar projects.
The Paul Hastings team was led by Tokyo partner Joshua Isenberg
, with Tokyo partners Joseph Kim
and Naoki Ueyama
, Hong Kong associate Josefina Bautista
and Tokyo associate Kota Kikuchi
Paul Hastings is a leading global law firm with a strong presence throughout Asia, Europe, Latin America, and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies.