Global law firm Freshfields has advised RWE on the conclusion of three sustainability-linked revolving credit facility agreements in an aggregate amount of €10 billion. The facilities are provided by international banking syndicates and have a tenor between three and five years (with extension options up to five and seven years, respectively).

RWE is a leading international energy company headquartered in Essen, Germany, with a focus on power generation and trading. Renewable energy sources such as wind and solar are an increasingly important part of its business. The RWE group’s core activities also include the storage of electricity and natural gas, hydrogen energy production, trading of energy-related commodities and innovative energy solutions for industrial customers.

The financing is sustainability-linked, which means the financing costs are linked to the fulfilment of certain key performance indicators (KPIs) in relation to the group's carbon scope 1+2 emissions from power generation and its sustainable investment share.

The Freshfields team was being led by Partner Mario Hüther as well as Principal Associate Dennis Chinnow (both Frankfurt) with support by Principal Associate Lucas Lengersdorf and Associate Alexander Bräuer (Frankfurt/New York, all Finance). The team also included Partner Martin Schiessl, Principal Associate Christian Schmidt and Associates Daniel Renner and Sebastian Jung (all Tax, Frankfurt).

Freshfields is regularly advising RWE on financing matters, most recently in summer 2024 on a green loan for offshore wind farms (press release) and a sustainability-linked revolving credit facility of €5 billion (press release).