NextEnergy Capital Group. Solar portfolio acquisition
1. Deal Description
London-based NextEnergy Capital Group (“NEC”) acquired a portfolio comprised by 5 solar projects from Grenergy Renovables S.A.
Guerrero Olivos assisted NEC in Chile. The M&A and energy teams worked in the analysis, review and due diligence of the projects, the structuring of the transaction and the drafting of the definitive agreements.
The importance and relevance of this transaction is that it contributes to the development of clean energy in Chile.
NEC is a specialist solar investment and asset manager, that has significant experience and deep expertise across the lifecycle of utility scale solar, ranging from subsidy-free greenfield development to market-leading operational performance.
2. Counsel list
Counsel to NEC: Guerrero Olivos (Corporate/M&A and energy practice areas)
Partners: Juan Enrique Allard, Clemente Pérez and Alejandro Chechilnitzky
Senior associates: Benjamín Novoa and Felipe Frühling
Associate: Francisca Martínez
Due diligence team. Associates: Josefina Sánchez, Benjamín Sims, Antonia Ibarra, Jerónimo Zabala and Andrea Olea
In-house counsel to Grenergy Renovables, S.A.: Álvaro Ruiz, Pablo Abell and José Eugenio Sánchez
Counsel to Grenergy Renovables, S.A.: PPU Chile
Partners: Federico Grebe and Guillermo Infante
Associate: Carlos Larraín
3. Date of closing
June 30, 2021
4. Deal value
5. Jurisdictions involved
UK, Chile and Spain