Our global pages
Close- Global home
- About us
- Global services/practices
- Industries/sectors
- Our people
- Events/webinars
- News and articles
- Eversheds Sutherland (International) Press Hub
- Eversheds Sutherland (US) Press Hub
- News and articles: choose a location
- Careers
- Careers with Eversheds Sutherland
- Careers: choose a location
Cross-border support for 800MW PV deal
- Global
- United Kingdom
26-03-2021
Eversheds Sutherland advised Quercus on its acquisition of a 800MW solar portfolio
A cross-border team from Eversheds Sutherland has advised Quercus Real Assets Limited (Quercus) on its acquisitions of a portfolio of solar PV development projects in Spain.
Quercus, a London-based investor focusing on Energy Transition assets, through its Luxembourg affiliate has acquired a substantial portfolio of PV development projects. The portfolio will have an operational capacity of roughly 800MW, across sites in Spain. The first assets will be ready to build at the end of Q3 2021, with assets becoming operational 12 months later.
An international team from Eversheds Sutherland’s Clean Energy and Sustainability group advised Quercus on all aspects of the acquisition. Michelle T Davies, International Head of Climate Change and Sustainability; Carlos Pemán, Partner, Corporate; and Marta Vizcaino Martin, Counsel, Energy; advised on the transaction, providing, among others, corporate, M&A and regulatory advice across multiple jurisdictions including the UK, Luxembourg and Spain.
Michelle T Davies, commented:
“We are delighted to have helped Quercus with this important investment. We helped Quercus create a framework for what was a large and in places complex series of transactions and then assisted with implementing this. Many congratulations to the Quercus team!”
Asif Rafique, Managing Director (Investments), Quercus, said:
“Completing this Spanish transaction was a critical step in delivering Quercus’s growth plan, following the exit of our €1bn fund platform in 2019. This represents one of a number of Southern European development initiatives we are working on and Eversheds Sutherland were instrumental in helping us get this over the line”.
This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.
- Ciaran Walker was featured in the April 2021 issue of Finance Dublin
- Eversheds Sutherland El Heni achieves top tier rankings for all categories in the Legal500 EMEA for 2021
- Eversheds Sutherland Switzerland again recommended by Legal 500 and Chambers & Partners for 2021
- Eversheds Sutherland ranked in shared number 1 position by deal count in Finland during Q1/2021 according to Mergermarket
- Eversheds Sutherland advises Silverfleet on its investment in OneStock.