Sullivan partner Geoff Wynne looks at various issues in connection with purchasing or taking security over receivables where they are evidenced or replaced by an IPU (Irrevocable/Independent Payment Undertaking), both for the purchaser and the provider of the IPU.
Northvolt’s latest big-ticket ECA-backed financing has set a benchmark for European gigafactory deals. But can Europe’s green industrial policy keep up with the pace of change in a challenging market for manufacturing startups?
It’s still positive, and the benefits of the changes in the OECD Arrangement are already showing, says Angela Perez, head of structured finance at Spanish infrastructure and engineering company, Elecnor. She highlights the amount of patience still needed by EPC companies to get deals completed though.