Groundbreaking Energy Projects Win at IJGlobal ESG Awards 2024
Key Ideas
- WFW advised on two award-winning deals at the IJGlobal ESG Awards 2024, showcasing the firm's expertise in sustainable energy.
- KGAL's Article 9 Impact Fund invested in a hydrogen-based e-kerosene production plant in Denmark, aiming to accelerate decarbonised fuel adoption in aviation.
- Eavor's geothermal project in Germany won for its innovative clean energy solution, with WFW advising on project contracts, financing, and EU subsidies.
- The projects highlight WFW's capabilities in complex, cross-border transactions and their commitment to supporting pioneering solutions in sustainable energy.
Watson Farley & Williams (WFW) celebrated success as two projects they advised on received accolades at the prestigious IJGlobal ESG Awards 2024, a competition that attracted over 600 submissions worldwide from the infrastructure and energy sectors. One of the winning deals involved WFW advising KGAL's Article 9 Impact Fund on investing in a groundbreaking hydrogen-based e-kerosene production plant in Vordingborg, Denmark. This project, developed by Arcadia eFuels, aims to be the first of its kind in the EU, producing synthetic, climate-neutral aviation fuel from self-produced green hydrogen. The second award was for Eavor's geothermal project in Geretsried, Bavaria, Germany. WFW played a pivotal role in supporting Eavor with project contracts, financing arrangements, and integrating EU subsidies for the innovative Eavor-Loop technology. Key figures at WFW expressed their pride in contributing to these projects, highlighting the firm's expertise in sustainable energy solutions and their ability to navigate complex transactions. The recognition these projects received underscores the importance of advancing decarbonisation efforts and promoting renewable energy sources in the global energy landscape.