Global law firm Freshfields advised the financing banks on the successful signing of a new green credit facilities agreement in a total amount of €5.25bn for Eurogrid. ABN AMRO (Documentation Agent), Commerzbank, Crédit Agricole Corporate and Investment Bank and ING acted as coordinating banks. The financing supports investments in Germany’s electricity transmission grid.

Eurogrid is an energy company based in Berlin and the parent company of 50Hertz Transmission GmbH, one of Germany’s four transmission system operators. Through its grid, 50Hertz plays a central role in ensuring security of supply and enabling the energy transition.

The new revolving credit facilities replace and increase existing credit lines with a total volume of €3.75bn. It provides financing for Eurogrid’s investment programme, including the expansion and modernisation of critical grid infrastructure required for the integration of renewable energy. The transaction strengthens Eurogrid’s financial flexibility and represents a further step in Eurogrid’s green financing strategy.

The Freshfields team was led by Partner Mario Hüther with support by Principal Associate Dennis Chinnow and Associate Thilo Köhler (all Finance, Frankfurt).