Simmons & Simmons has advised NextEnergy Solar Fund on the sale of two subsidy-free assets to NextPower Development for a combined total consideration of £11.5m.
The solar is currently under development with a capacity of 115MW, with the transaction completed on 14 May. As the solar is being sold to a NextPower Development subsidiary, it makes the sale a smaller related party transaction, with NESF moving the assets to another business within its wider Group.
The Simmons team was led by real estate partner Caroline Turner-Inskip (Picture), supported by senior associates Rhiannon Morgan-Williams and Steph Featherstone, and associate Tom Brown.
Law Firms: Simmons & Simmons;
Clients: NextPower Development;