Eversheds Sutherland has advised Greencoat Capital LLP on the acquisition of a 142MW portfolio of solar generation assets from Canadian Solar Inc.
The portfolio – considered to be one of the largest remaining operational solar portfolios on the UK market – comprises 24 sites, all of which were developed by Canadian Solar. The majority of the assets are accredited under the ROC regime (between 1.2 and 1.4 ROCs) and seven of the assets are accredited under the FiT regime.
Greencoat Capital manages approximately 470 MW of solar generation capacity, across 60+ sites in the UK, and has deployed approximately £0.6 billion in the sector across two dedicated solar funds over an 18 month period. Greencoat Solar is now one of the largest owners of solar assets in the UK.
The Eversheds Sutherland team was led by Stephen Hill (picture) and Iwan Walters with Senior Associate Caroline Clapham providing the key corporate support together with Associate Sachna Shah. Principal Associate Jenny Thompson, Senior Associate James Shawe and Associate Rachael Aaron providing support on Real Estate and Construction, and Principal Associate Chris Mclauchlan and Associate Csilla Gyori on financing.
Involved fees earner: Stephen Hill – Eversheds Sutherland; Iwan Walters – Eversheds Sutherland; Caroline Clapham – Eversheds Sutherland; Sachna Shah – Eversheds Sutherland; Jenny Thompson – Eversheds Sutherland; James Shawe – Eversheds Sutherland; Rachael Aaron – Eversheds Sutherland; Chris Mclauchlan – Eversheds Sutherland; Csilla Gyori – Eversheds Sutherland;
Law Firms: Eversheds Sutherland;
Clients: Greencoat Capital;