Practice Areas - Project Finance and Infrastructure Law Firms and Lawyers
| Deal Date: | 23-03-2020 | Practice Area: | Project Finance and Infrastructure |
| Deal Title: | Octopus Investments Limited Sale of UK Solar PV Assets | Industry: | Alternative Energy |
| Description: |
Ashurst advised Octopus Investments Limited in relation to a sale of UK solar PV assets to Octopus Renewables Infrastructure Trust plc for an initial cash consideration of GBP144.3 million.
The portfolio consisted of eight fully operational solar PV assets, with a capacity of 122.8MW, that qualified under the Renewable Obligation Certificate regime. The assets began operations between 2013 and 2015 and had an average remaining life of 23.5 years. The final consideration was capable of being increased by up to GBP5.4 million contingent on securing extensions to the current lease periods.
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| Financial Center: | London | Value: | 100.01-500.00 |
| Advised Party: | Seller | Law Firm | Ashurst |
| Assets Jurisdiction | United Kingdom | Purchaser Jurisdiction | United Kingdom |
| Classification: |
Transfer of Infrastructure Assets Renewable Energy Assets Solar Park |
Lawyer | Antony Skinner |
