RWE Renewables’ Sale of 75 Percent Interest in 4 Wind Farms

Sheppard Mullin advised RWE Renewables GmbH on the deal, while Norton Rose Fulbright advised

RWE Renewables GmbH (FWB: RWE), one of the world’s leading renewable energy companies, announced its agreement to sell in two separate transactions: 1) a 51 percent interest in a portfolio of four onshore wind farms with a total installed capacity of 861 MW, located in Texas, to a subsidiary of Algonquin Power & Utilities Corp (NYSE: AQN); and 2) a 24 percent interest in the same portfolio to Greencoat, a UK-based, leading global renewables investment manager with more than $8 billion of assets under management.

The Sheppard Mullin deal team was led by partner Christine Hourcade-Hoefliger (Picture) and associate Robert Kay and included partners Andrew Ratts, Leo Caseria and Michael Chan; special counsel Malika Levarlet; and associate Winnie Weil.

Norton Rose Fulbright Deal Team included Partners Keith Martin (Washington, DC) and Becky Diffen (Austin) led our team on this. They were assisted by Jacob Yaniero (associate, Washington, DC), Geetika Jerath (associate, Houston), Caileen Gamache (partner, Washington, DC), Christy Rivera (partner, New York), Robert Shapiro (partner, Washington, DC), Richard Wright (partner, New York), Amanda Rosenberg (partner, Los Angeles) and Randi Rymut (associate, Houston).
Involved fees earner: Becky Diffen – Norton Rose Fulbright; Caileen Gamache – Norton Rose Fulbright; Geetika Jerath – Norton Rose Fulbright; Keith Martin – Norton Rose Fulbright; Christy Rivera – Norton Rose Fulbright; Amanda Rosenberg – Norton Rose Fulbright; Randi Rymut – Norton Rose Fulbright; Robert Shapiro – Norton Rose Fulbright; Richard Wright – Norton Rose Fulbright; Jacob Yaniero – Norton Rose Fulbright; Leo Caseria – Sheppard Mullin; Michael Chan – Sheppard Mullin; Christine Hourcade-Hoefliger – Sheppard Mullin; Robert Kay – Sheppard Mullin; Malika Levarlet – Sheppard Mullin; Andrew Ratts – Sheppard Mullin; Winnie Weil – Sheppard Mullin;

Law Firms: Norton Rose Fulbright; Sheppard Mullin;

Clients: Greencoat Capital; RWE Renewables GmbH;

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Author: Ambrogio Visconti