Best Project Finance Lawyers in Hillerød

1. About Project Finance Law in Hillerød, Denmark

Project finance in Hillerød typically concentrates on creating a separate project company, or special purpose vehicle (SPV), that borrows money secured by the project and its contracts rather than the sponsors' balance sheets. Danish lenders and international banks often require robust off-take, EPC and O&M agreements, and strong security packages to cover debt service obligations. In practice, the SPV is governed by Danish corporate law and leverages local planning, energy and procurement frameworks to move from feasibility to completion.

In Hillerød and the wider North Zealand region, energy, waste management, water, and transport infrastructure projects commonly rely on project finance structures. Local approvals from Hillerød Kommune and national regulatory regimes shape the timetable and risk allocation. A Danish advokat or law firm with project finance experience helps align contract terms with Danish law, secure lenders confidence, and manage cross-border elements when investors or lenders are abroad.

“Project finance arrangements rely on the value of the project assets and contracts rather than the sponsors’ overall balance sheet, enabling large infrastructure investment with focused risk allocation.”

The guidance below uses standard Danish practice while drawing on international project finance principles to help residents and businesses in Hillerød understand the legal landscape. For ongoing developments, keep an eye on updates to EU and Danish energy, procurement and corporate law that influence deal structuring and closing.

2. Why You May Need a Lawyer

Here are concrete, real-world scenarios in Hillerød where a Project Finance lawyer adds value. Each example reflects typical concerns that arise in local deals.

• A wind farm project near Hillerød seeks project finance to fund development and construction. A lawyer helps draft and negotiate the SPV documentation, EPC contracts, wind turbine supply agreements, and lenders’ security packages (pledges, mortgage on project assets). This protects lenders while enabling a clean exit for sponsors at project completion.
• A municipal PPP for a water treatment facility requires compliance with Danish procurement rules and concession agreements. A solicitor reviews the tender documents, assists with bid in a compliant manner, and negotiates allocation of risk between the municipality and the private partner.
• A sponsor wants to refinance an operating facility in Zealand using a multi-lender facility. A project finance lawyer coordinates intercreditor agreements, hedging arrangements, and subordinated debt terms to optimize leverage and protect creditor rights.
• An energy storage project connects to the Danish grid and signs a PPA with a Danish utility. A lawyer ensures the PPA meets sustainability criteria, price risk allocation, and regulatory compliance to support debt drawdown.
• A cross-border investment in a Danish SPV involves lenders from Norway and the UK. A legal counsel navigates collateral structures, English law counterparts, and Danish corporate governance requirements to achieve a unified credit package.
• The project must meet EU taxonomy and green financing criteria. A Danish solicitor helps document sustainability credentials, perform green loan due diligence, and ensure alignment with lender expectations.

3. Local Laws Overview

The following laws and regulations commonly govern project finance activities in Hillerød. They shape corporate form, procurement, energy regulation, and environmental compliance for project finance transactions.

• Aktieselskabsloven (Companies Act) - Governs the formation and governance of Danish corporate entities used as project SPVs. It affects share capital requirements, board structure, and decision-making. This framework underpins risk allocation and corporate governance in financed projects.
• Udbudsloven (Public Procurement Act) - Regulates tendering and contract award for projects that involve public sector bodies or concessions. It defines competitive bidding, transparency, and remedies for unsuccessful bidders, which is critical in PPP or public energy projects.
• Elforsyningsloven (Electricity Supply Act) - Governs electricity generation, transmission, and distribution, including grid access and connection terms for renewable projects. It affects off-take arrangements and project finance viability for wind and solar assets.

Recent trends influence all three areas, including increasing emphasis on sustainability criteria and EU-wide procurement alignment. For precise current text and amendments, consult Danish official resources such as the national law database and the latest EU guidance incorporated into Danish law. International guidance on project finance and sustainable lending is also helpful for understanding market practice in Denmark.

4. Frequently Asked Questions

The questions below cover basics and advanced aspects of Project Finance in Hillerød, with practical angles for residents and businesses.

What is project finance in simple terms?

Project finance is a debt financing method where lenders rely on cash flows from a specific project rather than the overall sponsors’ assets. The project itself, through an SPV, provides the collateral and repayment source. It is common in energy, infrastructure and PPP deals.

How do I start a project finance deal in Hillerød?

Begin with a feasibility study and identify a lead sponsor. Engage a Danish advokat experienced in project finance to draft the SPV, contract templates, and lender-facing documents. Schedule lender meetings to outline the capital structure and risk allocation.

When should we consider a Public-Private Partnership (PPP) in Denmark?

When a project involves a government service or asset, requires public procurement, and benefits from private investment. PPPs require careful procurement compliance, concession terms, and clear risk transfer arrangements.

Where can I find a Danish advokat with project finance experience in Hillerød?

Search for law firms with Danish corporate, banking and energy practice areas. Check client references and ask for a written engagement proposal outlining scope, fees, and timelines. Consider firms with cross-border lender relationships.

Why is an SPV used in project finance?

An SPV isolates project risk from the sponsors and enables bankable debt against project assets and contracts. It also simplifies equity and debt waterfall structures and improves creditor clarity.

How much will a project finance transaction cost in Denmark?

Costs vary by project complexity, loan size, and the number of lenders. Typical fees include due diligence, contract drafting, and legal counsel time. A detailed engagement letter should outline cap, hourly rates, and milestone-based fees.

Do I need to engage a Danish advokat for a project financed investment?

Yes. Danish law governs SPV formation, contract enforceability, and security interests. Local legal expertise is essential to manage regulatory requirements and cross-border lender expectations.

Is it possible to refinance a Danish project loan during operation?

Yes. Refinancing can reduce financing costs or adjust covenants. It requires lender consent, amended intercreditor documentation, and updated security arrangements.

What is intercreditor agreement and why is it important?

An intercreditor agreement clarifies the rights and priorities among multiple lenders. It governs seniority, enforcement, and collateral sharing during distress or repayment events.

How long does a typical Danish project finance deal take from term sheet to closing?

Timelines vary but a straightforward energy project might take 3-6 months. More complex PPPs can extend to 9-12 months, depending on procurement, permits, and lender consensus.

What if we face a regulatory delay in Hillerød?

Regulatory delays typically involve planning approvals or grid connection terms. A lawyer helps with permits, regulatory strategy, and contingency planning to maintain the schedule.

Should I consider EU sustainability criteria in our financing?

Yes. Lenders increasingly require alignment with sustainability criteria and due diligence. A lawyer can coordinate the documentation to support green financing and taxonomic compliance.

5. Additional Resources

Use these authoritative, specialized resources to deepen understanding and support decision-making in project finance matters.

• World Bank - Project finance guidance and infrastructure development resources. Helpful for understanding international best practices and risk allocation. https://www.worldbank.org
• International Finance Corporation (IFC) - Advisory and financing guidance for infrastructure projects, including due diligence and governance considerations. https://www.ifc.org
• European Investment Bank (EIB) - Financing options and policy guidance for infrastructure projects across Europe, including Denmark. https://www.eib.org

6. Next Steps

1. Define the project scope and financing strategy, including key milestones, expected capex and opex, and preferred debt-to-equity ratio. Do this within two weeks of project nomination in Hillerød.
2. Identify at least three Danish advokat firms with project finance experience in energy, infrastructure, or PPP sectors. Ask for a written, fixed-fee or cap-based engagement proposal. Complete this within 1-2 weeks.
3. Gather essential documents for initial due diligence, including project contracts, permits, land rights, and preliminary financial models. Complete a bulk package within 2-4 weeks.
4. Request introductory meetings with shortlisted lawyers to discuss deal structure, risk allocation, and regulatory considerations specific to Hillerød. Schedule within 1-3 weeks after receiving proposals.
5. Request a detailed engagement letter outlining scope, fees, timelines, and deliverables. Confirm language, jurisdiction, and dispute resolution approach. Finalize within 1 week of the meetings.
6. Negotiate and execute the SPV, contract templates, and lender term sheets with the counsel's guidance. Expect this phase to take 4-8 weeks depending on complexity.
7. Monitor regulatory and market developments impacting project finance in Denmark and Hillerød, including sustainability criteria and procurement policy updates. Ongoing throughout the deal lifecycle.