Bluefield Solar’s £13.9 Acquisition of UK Solar Parks

Orrick Herrington & Sutcliffe LLP advised renewable energy infrastructure fund Bluefield Solar on its acquisition of 13.5-MWp of operational solar parks in England and Scotland.

The portfolio consists of three photovoltaic plants – the Gretton and Thornton solar farms in England and the Wormit plant in Scotland. They were acquired for a cash consideration of £13.9 million, including transaction costs and working capital, and were funded from the company’s revolving credit facility.

The Orrick London team was led by Jinal Shah (Picture) and included Yolanda Yong, Francesca Drake, Shaun Malone, Hannah Roscoe, Rebecca Grevitt, Craig Johnston, Abdul Khan, Jayshree Patel and Jonathan Rosen.

Involved fees earner: Francesca Drake – Orrick; Rebecca Grevitt – Orrick; Craig Johnston – Orrick; Shaun Malone – Orrick; Hannah Roscoe – Orrick; Jonathan Rosen – Orrick; Jinal Shah – Orrick; Yolanda Yong – Orrick;

Law Firms: Orrick;

Clients: Bluefield;