Milbank LLP advised a lender group of international financial institutions with Korean export credit agency cover in financing a four-year US$95 million Green Loan term facility for the financing of Hanwha Energy USA’s eligible green assets in the United States.
Hanwha Energy USA is the lead Hanwha Group platform representing renewable energy assets in United States and includes several solar, wind and energy storage projects across the country in operation, development and construction. Hanwha Energy USA is a member of the Hanwha Group, one of South Korea’s largest diversified business conglomerates and a Fortune Global 500-listed company.
Partner David Gartside, who led the team from Seoul with special counsel Brian Youn and associate Amos Yoo, said “Milbank is proud to have been selected by its long-term banking and KECA clients to support this important Green Loan financing in the US renewable energy sector. Hanwha USA’s impressive program of expansion is aligned with the green financing ambitions of its financing partners and we are privileged to have successfully closed this transaction which enables the company to further progress its commitment towards building a sustainable future."
