Alexandra (Ali) Stopford

Ms. Stopford’s experience includes advising:

Renewables/Energy Transition

• The European Bank for Reconstruction and Development on an equity bridge loan for the construction of the ACWA Power Kom Ombo solar power plant, the largest private solar plant in Egypt’s Aswan Province. This transaction was named African Energy Transition Deal of the Year by IJGlobal Awards 2023
• TotalEnergies in connection with financing of a US$50 billion joint venture to develop the largest green hydrogen project globally and the largest ever project financing of a company 
• Microsoft in the first ever project finance facility for solar minigrids, provided by Microsoft Climate Innovation Fund and Bank of America to CrossBoundary Energy Access II (CBEA II)
• PTT Exploration & Production on the acquisition of a 25.5% stake in Seagreen Wind Energy, a UK-based operator of wind farms, from TotalEnergies
• An investor on its minority investment in H2 Green Steel
• Lenders on financings for Envision AESC UK Plant 2 Limited in connection with its gigafactory in Sunderland, UK
• A major international bank and UK Export Finance on a €95 million export credit facility for the development, supply, and installation of various solar pumping systems in Uganda*
• International bank in relation to release documentation for the prepayment and cancellation of two facilities: a road infrastructure project financing and a wind farm project financing*

LNG

• The Lenders in the US$20 billion project financing of the Ichthys LNG project, the largest project financing ever taken to market, globally. This transaction was named Asia Pacific Oil & Gas Deal of the Year by IJGlobal Asia Pacific Awards 2022
• ENN Energy in connection with the negotiation of long-term LNG purchase arrangements with producers based in Louisiana, USA
• A multinational commodity trading company in connection with the negotiation of an LNG sale and purchase agreement
• A major international bank on a US$72 million loan relating to the acquisition of five LNG carriers by a joint venture between NYK and Geogas*

Oil & Gas

• Vivo Energy on the financing arrangements in relation to its acquisition of a 74% stake in Engen
• A multinational commodity trading company in connection with its crude oil offtake arrangements in Nigeria
• A multinational commodity trading company in connection with a framework agreement to amend its offtake arrangements and related financing terms with a Texas based upstream oil company
• A multinational commodity trading company in connection with a crude oil prepayment agreement with a Dubai based trading company
• NNPC in connection with a US$1.04 billion financing used to acquire a minority stake in Dangote Refinery
• The lending syndicate on Phase 1 of a US$920 million crude oil refinery; the Phase 1 facility is a US$220 million limited recourse facility for the development of a 30,000 barrels per day (bpd) crude distillation unit and storage facility in Central Africa*

Other experience

• CDPQ on an accordion facility agreement to finance purchase of shares by Crystal Port Holding in a JV with DP World.
• Microsoft in what is the first ever project finance facility for solar minigrids, provided by Microsoft Climate Innovation Fund and Bank of America to CrossBoundary Energy Access II (CBEA II)
• HSBC on a US$1.2 billion joint programme with the Asian Development Bank to support the supply chains of COVID-19 related products in Asia and the Pacific*
• The lending syndicate on a €150 million multi-jurisdictional borrowing base facility advanced against receivables arising from trading energy*
•  A major international bank and UK Export Finance on €95 million facilities for the second phase of the development of the Obetsebi-Lamptey Interchange in Ghana*
• The lending syndicate on a €70 million metals borrowing base facility to three borrowers advanced against inventory, cash and receivables*
• A development finance institution on a mezzanine level US$32 million refinancing of a wastewater plant in Jordan*
• A major international bank and UK Export Finance on a €95 million export credit facility for the development, supply, and installation of various solar pumping systems in Uganda*
• A major international bank and UK Export Finance on €35 million facilities for the development of water pumping systems in Ghana*
• A major international bank on a €21 million export credit facility to a corporate borrower for the development of an automated warehouse in Russia*
• International bank in relation to release documentation for the prepayment and cancellation of two facilities: a road infrastructure project financing and a wind farm project financing*
• A commodities fund as lender in relation to the amendment of a pre-export finance facility for the export of sugar cane and hydrous ethanol*

*Matter handled prior to joining Latham