Welcome to the June edition of Focus. Since the last edition, we have closed the financing of an innovative (and innovatively structured) aquaculture project to be based in Mauritius, Madagascar and South Africa. The transaction will result not only in numerous “farms” (initially farming eel) but also the development of an entire freshwater aquaculture industry in Madagascar, generating jobs and income for the country.
We are pleased to say that Trinity’s team has continued to grow through the introduction of Catherine Elkin, a senior projects and corporate lawyer with particular experience in the power and infrastructure sectors.
Trinity is sponsoring next month’s Africa Energy Forum in Nice and is looking forward to attending the event. Rory Tait gives a sneak preview of the presentation he will be delivering at the conference this year, “Renewable and Clean Energy in Africa – the Present Reality and the Future Potential”.
On the subject of clean renewable energy, Trinity continues to expand its practice and is currently working on transactions in the UK, Eastern Europe and has just commenced work on a large bioethanol facility in East Africa. On the corporate side, we have also completed a transaction on behalf of an AIM-listed energy company in relation to its option to purchase a company focusing on bioenergy solutions in emerging markets which is in the process of developing biodiesel projects in Africa.
We continue to be very busy in the power sector in general including two deals in Kenya aiming to close in the coming months. Just to prove that Trinity does not solely focus on emerging markets, this month’s Legalese is a glossary of terms prevalent in the UK power sector to help you decipher the acronyms and jargon in the market.
If you have any questions in respect of any of Trinity’s practice areas or any of the items featured in this month’s edition, you will find contact details above and on the website.