Gowling WLG has advised client Primrose Solar on its disposal of a portfolio of six solar farms, with an aggregate capacity of 78MW, to Greencoat Capital’s first solar vehicle, Greencoat Solar I LP, one of 2016’s largest private solar M&A deals in the UK.
The portfolio comprises solar farms in Cornwall, Wimbourn, Chichester, Ashby-de-la-Zouch, Morecambe and Hampshire, with the latter – Eveley Farm – being one of the largest sites in the country at 49MW ( Gowling WLG advised on the acquisition and financing earlier this year).
The deal was completed to a compressed and challenging timeline and comprises around half of Primrose Solar’s current portfolio.
Corporate and energy partner Gareth Baker led on the deal with corporate and energy associate Mark Knight.
The full Gowling WLG team included partners Helen Emmerson and Lee McBride and associate David Barry (real estate), director Zoe Fatchen and senior associate Tom Rank (tax), director Graham Wrigglesworth and senior associate Charlotte Lockwood (planning), principal associate James Bruce (construction and project finance), director Louise Clifford and associate Emma Hine (employment), and associate Jade MacDonald (corporate).
A wider team of specialists from across the firm including Derek Goodban and James Stanier (regulatory) were also involved to provide Primrose Solar with a complete legal service.
Gowling WLG advised on the acquisition, construction and financing aspects of each of the solar farms that have now been disposed of.
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