Having reinforced its stake in Futuren, an independent producer of electricity from onshore wind energy, Boussard & Gavaudan (B&G) launched a simplified public takeover bid for €110 million, via BG Select Investments Ltd acting in concert with the main shareholders of Futuren, on all of the shares and convertible bonds (OCEANE) issued by Futuren and not already held by B&G and the concerting parties. Subsequent to the tender offer, B&G and Futuren's main shareholders together held 62.71% of outstanding shares and 94.24% of outstanding OCEANE convertible bonds.

Orrick’s Italian energy team advised Trading Emissions PLC, through its wholly owned subsidiary TEP Solar Holdings Limited, in a sales and purchase agreement with a member of the Sonnedix group. The agreement concerns the sale of Trading Emissions’ entire interest in two Italian subsidiaries, Etuno Srl and Solar Energy Italia 6 Srl, also known as Librandello. The Librandello portfolio comprises three ground-mounted solar photovoltaic plants located in Abruzzo and Sicily with a combined capacity of 11.2MW.

Eversheds advised on the successful application for the inclusion of compulsory acquisition powers in the Triton Knoll Electrical System Order 2016, which was granted development consent by the Secretary of State for Business, Energy and Industrial Strategy on 5th September.

Burges Salmon has advised innogy and Statkraft on the securing of a Development Consent Order (DCO) for its Triton Knoll Offshore Wind Farm electrical system.

Burges Salmon has advised innogy and Statkraft on the securing of a Development Consent Order (DCO) for its Triton Knoll Offshore Wind Farm electrical system. The DCO for the Electrical System was granted by the Secretary of State on 2 September 2016.

Global law firm White & Case LLP is advising Kazakhstan Petrochemical Industries (KPI) on the development, construction and financing of a $2 billion petrochemical complex to be located in the Atyrau region of Kazakhstan. Once operational, the petrochemical complex will produce 500,000 ton/year of polypropylene. The KPI facility will be the first integrated gas chemical complex in Kazakhstan. The financing for the project will be provided by China Development Bank Corporation Xinjiang Branch.

EDF Développement Environnement SA, a wholly-owned subsidiary of the French Government controlled power company EDF SA, has signed an agreement with Studsvik AB (publ) to acquire Studsvik’s nuclear waste treatment business and facilities in Sweden and the UK. Completion of the transaction is conditioned upon necessary permits and approvals being granted by the Swedish Government and other relevant authorities. As part of the transaction, EDF and Studsvik have agreed to collaborate in the areas of nuclear decommissioning and waste management.

The Frankfurt office of Debevoise & Plimpton LLP has advised Belectric Group (“Belectric”) in its sale of Belectric Solar & Battery Holding GmbH (“Belectric Solar & Battery”) to innogy SE (“innogy”).

The transaction is structured through a share purchase agreement, and the parties have agreed a purchase price in the high double-digit million € range. The transaction is subject to approval by the anti-trust authorities and reorganizational measures. Closing of the transaction is intended to take place in early 2017.

King & Wood Mallesons (KWM) has advised on the founding of Evergen, a renewable energy start-up with the technical backing of CSIRO and the financial backing of AMP Capital.

Global law firm Norton Rose Fulbright has advised Conergy on the development and project financing of Australia’s first solar and battery storage project.

The Lakeland solar PV project is located at the fringe of Ergon’s grid in Northern Queensland. It will have an installed capacity of 10.8MW combined with a 5.3MWh battery storage system.  The project will receive both a funding grant from the Australian Renewable Energy Agency (ARENA) and debt financing from NordLB.

Lundin Petroleum has acquired Statoil’s 15 percent interest in the Edvard Grieg field in production area PL338, offshore Norway, and all associated interests including a nine percent interest in the Edvard Grieg oil pipeline and a six percent interest in the Utsira High gas pipeline. In consideration for the acquisition of the assets, Lundin Petroleum has issued to Statoil 27,580,806 new shares of Lundin Petroleum. In addition, Lundin Petroleum has transferred 2,000,000 shares held in treasury and issued 1,735,309 new shares to Statoil in exchange for a cash consideration.