Baldvin Björn Haraldsson

BBA//Fjeldco has been retained by the UNDP in Comoros, supported by the Ministry for Foreign Affairs of Iceland to create a regulatory framework for the research and utilization of renewable energy resources in the Comoros Islands, in cooperation with Iceland GeoSurvey (ÍSOR), Verkís Consulting Engineers and Intellecon economic consultancy. The project is highly innovative, as Icelandic knowledge, experience and ingenuity is used to create a framework to increase the use of renewable resources to enhance the energy sustainability of the Comoros Islands.

Over the last 15 years, BBA//Fjeldco has advised governments, international organisations and businesses on legal aspects relating to renewable energy and natural resources. BBA//Fjeldco’s leading practitioners in the field of renewable and natural resources are Baldvin Björn Haraldsson, Partner and Antoine Lochet, Counsel.”

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BBA//Fjeldco provided legal advice to Vauban Infrastructure Partners in relation to Vauban´s acquisition of the majority of shareholding in Borealis Data Center, previously known as Etix Everywhere Borealis. BBA//Fjeldco provided legal advice on the Icelandic legal framework of the target undertaking, performed a legal due diligence, and provided legal advice on the transaction documents, from an Icelandic law perspective.

Vauban Infrastructure Partners is one of Europe’s leading asset management companies that is focused on infrastructure equity investments that contribute to the sustainable development of local communities and their environments. Borealis Data Center operates two data centers in Iceland that are located in Blönduós and Fitjar in Reykjanesbær. Borealis emphasises on sustainable data centers using renewable clean and carbon-free energy.

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The Dutch company Total Specific Solutions has completedthe purchase of all shares in the Icelandic software company DK Hugbúnaður ehf.BBA//Fjeldco represented the buyer during the transaction. The firm’s lawyersconducted a legal due diligence on DK Hugbúnaður and provided the buyer withlegal advice regarding the transaction. In addition, they worked closely withthe sellers’ lawyers on documentation and closing of the transaction. Thetransaction is one of the largest corporate transactions of the year in Icelandand among the largest foreign investments in an Icelandic company in a longtime.

On 20 November 2020 Scottish Equity Partners (SEP) completed an investment in the Icelandic travel technology company Dohop. Dohop’s virtual interlining technology allows airlines to seamlessly connect with each other, and with other travel providers, without relying on legacy booking systems and complex and inflexible interline agreements. Travellers can then create an itinerary composed of flight segments from multiple airlines. SEP is a Scottish investment fund which specialises in high growth companies across a range of technology sectors including software and consumer internet. For over 20 years SEP been investing in a range of high growth technology companies with good results.

BBA//Fjeldco’s attorneys Baldvin Björn Haraldsson, Stefán Reykjalín and Tómas Magnús Þórhallsson assisted and provided SEP with legal advice for its investment in Dohop.

See further information on https://www.sep.co.uk/sep-invests-in-dohop/

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BBA//Fjeldco lead a consortium of various companies in the project of constructing a new legal framework for harnessing geothermal energy in the Republic of Djibouti.The project was of great importance for the Republic of Djibouti to increase energy sustainability, develop the infrastructure in the country ultimately benefitting the overall economy of the country. The legal advice of BBA//Fjeldco was highly innovative as it combined knowledge from various parties for the benefit of the Republic of Djibouti and was mainly provided in French.

BBA//Fjeldco acted as a legal advisor to the Asian Development Banks in relation to a USD 250,000,000 loan facility to the Arctic Green Energy corporation and Sinopec Green Energy Geothermal Company Limited, provided in order to expand environmentally sustainable district heating services in the People's Republic of China.

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BBA//Fjeldco was a legal advisor to Turkish Development Bank in relating a risk sharing mechanism for geothermal drilling operation in Turkey.

BBA//Fjeldco acted as legal advisor to US based Indigo Partners in the potential acquisition of Iceland based Wow Air.

BBA//Fjeldco was a legal adviser to Norsk Hydro in relation to the acquisition of Isal from Rio Tinto

BBA//Fjeldco acted as a legal advisor to Innergex Renewable Energy in the acquisition of Alterra Power Corp., that holds a majority stake in the Icelandic energy producer HS Orka hf. The transaction amounted to the value of USD 1.1 Billion.