26 July 2011
Clifford Chance advises KKR and a co-investor on a strategic alliance with T-Solar in order to lead the renewable sector in Spain and Italy
Clifford Chance advised the International Fund KKR and a co-investor on the acquisition of 49% of the photovoltaic plants in the T-Solar Group, the world's leading Spanish company in the renewable energy sector.
The acquired assets include a diversified portfolio of 42 photovoltaic plants - 34 in Spain and 8 in Italy - with an installed capacity of 168 MW and a capacity to generate clean energy in excess of 250 GWh per year.
This alliance, articulated through the creation of a new company, T-Solar Global Operating Assets, which T-Solar manages and in which it has a 51% stake, aims at strengthening the already strong presence of T-Solar PV industry and consolidating its leadership in the field of renewable energies, partnered with two highly sophisticated investors with solid experience in strategic investment in infrastructures.
The Clifford Chance team which advised KKR on this project was led by Javier Amantegui, Partner and Head of Private Equity, and included associates Luis Alonso and Didac Severino.