Our Corporate Energy Transition team has advised AtmosClear Investments Ltd on the £21.2 million acquisition of the entire issued share capital of JLEAG Solar 1 Limited from Foresight Environmental Infrastructure (UK) Limited.
The fully operational 6.4MW portfolio comprises over 1,000 domestic rooftop, commercial rooftop and ground-mounted solar installations across England, Scotland and Wales.
AtmosClear Investments focus on projects that have a positive social and environmental impact, citing a vision for a sustainable world free of harmful pollutants and accelerating the clean tech revolution.
Partner and Global Energy, Nuclear, Natural Resources and Infrastructure Group Co-Leader Gareth Baker led the deal working with Senior Associate Laura Barron and Associate Emily Chittick. They were supported by Partners James Stanier and Kate Featherstone, Principal Associates Elizabeth Napier and James Arnold, Senior Associate Nicola Page, and Associate Russell Evans.
Graham Bell, CEO of AtmosClear Investments said: "It has been a pleasure to have worked with Gowling WLG again on another successful acquisition which will boost AtmosClear Investments existing asset portfolio. The support, sector specific knowledge and pragmatic guidance throughout the transaction from all of the deal team was excellent and we look forward to working together again in the near future."
Gowling WLG's multi-disciplinary Energy Transition team has a first-class reputation regarding renewable and clean energy, operating seamlessly around the globe. The team has been advising on transactions across a range of energy transition technologies, including Atrato Onsite Energy plc on the disposal of its portfolio of solar assets for c.£219 million to a joint venture owned by a global investment firm, advising Statkraft on a power purchase agreement and optimisation agreement for Scurf Dyke solar farm and battery and NextPowerUK ESG on acquisition of its first standalone battery energy storage project from Cambridge Power Limited.