DLA Piper has advised NORD/LB and Hastings' managed funds on providing funding to Cubico, a global leader in renewable energy and water investment, for the acquisition of Owl's Hatch Solar Park. The firm also acted for Cubico on the acquisition which occurred concurrently with the financial close.

Owl's Hatch is a 50 MW solar farm in Herne Bay, Kent. Set over 213 acres, the site is home to ‘Hareon 260Wp polycrystalline’ solar panels, generating enough energy to power approximately 12,600 homes per year.

The cross-practice DLA Piper team was led by Finance & Projects partner, Natasha Luther-Jones and comprised partners Ronan Mellon (Finance & Projects, London), who led on the structured financing, Stephen Atkinson (Corporate, Leeds), who led on the acquisition and Howard Bassford (Real Estate, London) for planning.

Natasha Luther-Jones commented: "This deal was a challenging one due to the very tight time frame of under 12 weeks and the successful completion and acquisition is a testament to all involved. This is the second hybrid renewables deal we have acted on for NORD/LB and Hastings' managed funds and we very much look forward to working with them on future projects."