Head of Nordic; Partner
Norton Rose Fulbright LLP
Related services and key industries
Tomas Gärdfors is a banking lawyer based in London. The core of Tomas' broad practice is European cross-border energy infrastructure transactions, including transmission assets, portfolios and projects of common interest.
Tomas is the firm's authority on the European Union's programmes for supporting energy infrastructure projects, Projects of Common Interest and EFSI. He is the author of the firm’s PCI and EU energy infrastructure related campaigns and is the firm’s Nordic region Head. The breadth of his knowledge of the changing energy regulatory regimes enables him to provide innovative legal advice to his clients.
In the last 12 months alone, Tomas has advised on renewable financings in excess of 1 GW, spanning solar in the UK, Italy and Iran and onshore wind in Sweden. Tomas has extensive knowledge of, and experience in, the Nordic region and has advised on 10+ transactions in the Swedish wind space, a market that is currently drawing increasing investment interest.
In recognition of his work, Tomas was nominated for the EurActory top Energy Union expert award and he has also produced a number of topical briefings on European Energy infrastructure-related topics, the most popular being the briefing on holdco financing. Tomas has also been ranked in Chambers and The Legal 500 since 2005.
Tomas launched and now heads the Norton Rose Fulbright Nordic Group and is qualified both as an advokat in Sweden and as a solicitor in England and Wales. He is fluent in Swedish, English and German and has working knowledge of Danish and Norwegian.
- Solicitor, qualified in England & Wales
In the energy infra space, Tomas' recent experience includes advising:
- the 2020 European Fund for Energy, Climate Change and Infrastructure (Marguerite) on its acquisition of 28.97% of shares in AS Latvijas Gaze, the vertically integrated gas company in charge of the transmission, distribution, storage, and supply of natural gas in Latvia (the highest profile transaction in the Baltic region in 2016)
- a German financial institution on a UK based CHP plant;
- a German conglomerate on a €200m margin facility;
- a consortium on the A$10.3 billion NSW Government sale of TransGrid's poles and wires
- a on the acquisition of a European gas transmission system operator with assets include a PCI status project
- a European gas interconnector on a PCI project
- on the investment in an OFTO, connecting an offshore wind farm in the North Sea to the British mainland electricity grid
- on the investment in a North Sea offshore wind farm
- a bidder on its proposed £5.5 billion acquisition of facilities for the purpose of partially financing the takeover of a UK listed energy company.
- Lantmännen on the SEK2.5 billion financing of its acquisition of Vaasan Group, arranged by Swedbank.
- Vattenfall on the acquisition of Thanet Offshore Wind Limited, a 300MW wind farm off the Kent coast, the recommended cash offer for Eclipse Energy UK plc, as well as the acquisition of AMEC Wind Energy Limited.
- Vattenfall on the English and Swedish law aspects of updating its €15 billion EMTN programme.
- specialist investment manager AMP Capital on its £12 million mezzanine debt facility as part of a £94 million construction financing for a portfolio of 14 ground mounted solar projects owned by Lightsource in the UK.
- specialist investment management AMP Capital on its £37 million mezzanine loan as part of the £284 million refinancing of a 101MW portfolio of 33 operational UK solar projects, owned and operated by Lightsource Renewable Energy Holdings Limited.
- iCON Infrastructure LLP on its successful acquisition from Rabo Project Equity BV and Helius Energy plc of 95% of shares in the Helius CoRDe biomass energy plant in Scotland.