Wragge Lawrence Graham & Co's energy specialists have helped RGE Energy UK (RGE) secure the sale of a 6.4 MW solar PV project. The site, in Ceredigion, South Wales, has been acquired jointly by sPower, a leading renewable energy provider, and Camborne Capital, a prominent UK solar developer.
A cross-firm team led by director Gareth Baker advised RGE, a developer specialised in solar PV, on the corporate, planning, real estate and tax issues relating to the disposal.
Working closely with Gareth were associate Kasim Hussain, solicitor Mark Knight, partner Giles Clifford, associates Graeme Berry and Paul Harrington, as well as solicitors Sophie Taylor, Gary Parmley, Adam Turner and Alex Ohlsen.
Gareth said: "This is a further significant transaction for a great client in a very busy domestic solar market. Following the Department of Energy and Climate Change's widely-anticipated announcement last week that Renewable Obligation Certificates will be withdrawn from 1 April 2015, we have seen a high volume of transactions and expect that to continue until the end of this year.
"The breadth of expertise in our team, backed-up by specialist knowledge of the solar energy sector, puts us in a strong position to advise on these transactions."
Marcus Price of RGE said: "The Wragge Lawrence Graham & Co Energy team are not just legal experts - they are genuine energy sector specialists, with particular expertise in the solar sector.
"Their clear and commercial advice was instrumental to the successful close of this transaction; we look forward to working with them in the future."
Wragge Lawrence Graham & Co's 70-strong Energy team advises a range of domestic and international clients across the whole of the sector. It has been particularly busy on solar projects, with highlights including advising on a 38MW acquisition on behalf of Primrose Solar, acting on the UK's largest ever solar bond deal, as well as working in other energy sub-sectors such as acting on the £12 million sale of Carron Energy.
Pinsent Masons represented Camborne and sPower.
