Gowling WLG's Energy team has advised Dore Hold Co Limited, a subsidiary of Downing Renewables & Infrastructure Trust plc (LSE:DORE), on the acquisition of Chalkhill Energy Life Holdings Limited, which holds a 96MWp portfolio of c.50 solar photovoltaic (SPV) assets.
The assets include a combination of ground mounted, commercial and residential rooftops across England, Wales and Northern Ireland.
Gareth Baker, co-head of Gowling WLG's Energy Sector Group and senior associate Róisín Bergin (corporate), led the deal working with, legal director Susannah Fink (insurance) principal associate Tom Rank (tax) and Maya Thompson (legal apprentice, corporate) and other Energy team members including James Stanier (regulatory and commercial), Elizabeth Napier and Anna Colley (real estate), Ben Stansfield (environmental) and Rob Currall (projects).
Tom Williams, Head of Energy & Infrastructure at Downing LLP said, said: "We are delighted that the UK solar seed assets have been acquired by DORE. It was great to work with the Gowling WLG team again after they supported the IPO."
This latest deal follows Gowling WLG advising Downing Renewables & Infrastructure Trust plc on its £122 million IPO in December 2020.
Gowling WLG's multi-disciplinary and highly integrated Energy team has a first-class reputation and has advised on a significant number of acquisitions and disposals in the renewables sector. Examples of mandates in the solar sector include advising Atmosclear Investments on its acquisition of a residential SPV portfolio from Northleaf Capital, the disposal of six solar farms with an aggregate capacity of 78MW, to Greencoat Capital and advising St Modwen on a recent sale of a solar park sale to Innova Energy.
Gowling WLG's Energy team also advises governments, regulators, project developers, network companies, financial institutions and investors, energy suppliers and traders, technology companies and the sector supply chain among others – spanning a wide range of projects, regulatory matters and commercial transactions in the sector, having an in-depth specialism on the power purchase agreement market and the subsidies available.