Orrick Herrington & Sutcliffe LLP advised Ørsted Onshore A/S on the deal.
Ørsted Onshore A/S announced its agreement to acquire Brookfield Renewable’s Irish and UK onshore wind business. The agreement is based on an enterprise valuation of €571 million as of December 31, 2020, subject to customary adjustments, and marks Ørsted’s entry into the European onshore market.
With this acquisition, Ørsted is acquiring one of Europe’s leading integrated renewable energy platforms, including 389MW under construction and in operation, 149MW in advanced development and more than a 1 GW development pipeline in Ireland and the UK.
Orsted A/S provides utility services. The Company engages in the development, construction, and operation of offshore wind farms, as well as generates power and heat from power stations.
The multi-disciplinary Orrick team advising Ørsted was led by Ravinder Sandhu (Picture) and Simon Alsey, closely supported by Yolanda Yong, Oliver Sikora and Sejal Patel. Adam Smith, Hannah Roscoe, Nicholas Connell and Tom Harrison-Cripps provided additional transaction support. Douglas Lahnborg and Matthew Rose advised on EU and UK competition matters, Charlotte Oliver advised on employment matters, and Jonathan Rosen and Bridget Winters advised on tax. Arthur Cox and Brodies advised Ørsted in respect of Irish law and Scots law matters.
Involved fees earner: Simon Alsey – Orrick; Nicholas Connell – Orrick; Thomas Harrison-Cripps – Orrick; Douglas Lahnborg – Orrick; Charlotte Oliver – Orrick; Sejal Patel – Orrick; Hannah Roscoe – Orrick; Matthew Rose – Orrick; Jonathan Rosen – Orrick; Ravinder Sandhu – Orrick; Oliver Sikora – Orrick; Adam Smith – Orrick; Bridget Winters – Orrick; Yolanda Yong – Orrick;
Law Firms: Orrick;
Clients: Ørsted Onshore A/S;