Freshfields Bruckhaus Deringer LLP (‘Freshfields’) is advising RWE AG (‘RWE’) in its transition to become a leading European electricity producer by means of renewable energy.
 

Watson Farley & Williams (“WFW”) has advised Canadian Solar, one of the world’s leading solar energy companies, on the £191.2m sale of its 142 MW UK solar photovoltaic (“PV”) portfolio to Greencoat Solar Assets II Ltd (“Greencoat”), a fund managed by Greencoat Capital LLP.

Real Estate business venture GODEWIND Immobilien AG intends to list its shares on the Regulated Market of the Frankfurt Stock Exchange on 27 March 2018. International law firm Clifford Chance is advising GODEWIND on this transaction.

Global law firm White & Case LLP has advised Paris-based renewable energy company Neoen on its funding from South Australia's Renewable Technology Fund for the feasibility analysis and eventual construction of a renewable hydrogen production facility. The Superhub will be constructed in the State of South Australia and is expected to produce hydrogen from electrolysis of water powered by renewable wind and solar energy, and potentially also battery.

Slaughter and May advised Maersk Oil on competition and energy law aspects of Total S.A.’s acquisition of Maersk Oil from AP Moller Maersk for $8.1 billion.  The transaction, which was completed on 8 March 2018, saw Total acquire Maersk’s upstream oil and gas division with around 1 billion boe of 2P/ 2C reserves and 160,000 boepd production from assets in Europe, Africa, Middle East, North America and South America.

Contacts

Competition: Phillippe Chappatte (partner), Ben Plant (associate); Corporate and Energy: Hywel Davies (partner)

Clifford Chance has advised Clayton, Dubilier & Rice-Backed Motor Fuel Group (MFG) on its acquisition of MRH, the U.K.’s largest petrol station and convenience retail operator. The transaction will create the U.K.’s largest operator by number of sites and second largest by fuel volume. The deal will allow MFG and MRH to operate more than 900 sites in total.

MFG is owned by funds managed by long standing Clifford Chance client Clayton, Dubilier & Rice. The transaction is valued at approximately £1.2 billion.

Sidley is representing United Energy Group (UEG), a leading independent exploration and production company listed on the Main Board of the Hong Kong Stock Exchange, in its acquisition of Pakistan oil and gas assets from OMV Aktiengesellschaft, an international, integrated oil and gas company based in Vienna, Austria, by acquiring the entire issued share capital of two wholly owned subsidiaries of OMV Aktiengesellschaft for an approximate consideration of €80.6 million and €77.2 million, respectively.

ERG Power Generation SpA (ERG) has sold 100% of its interest in Brockaghboy Windfarm Limited (BWFL) to Greencoat UK Wind PLC (Greencoat).

Burges Salmon’s energy sector specialists have advised ERG on the sale of BWFL to Greencoat for a total consideration of c.£163m.

At 47.5MW capacity, the 19 turbine Brockaghboy wind farm project is one of the largest operational wind farms in Northern Ireland.

Watson Farley & Williams (“WFW”) has advised OMV on the sale of two wholly-owned subsidiaries comprising its upstream exploration and production business in Pakistan (“OMV Pakistan”) to Dragon Prime Hong Kong Ltd., Hong Kong, for an agreed consideration of €157m (subject to adjustments). The transaction is subject to certain conditions and relevant regulatory approvals.

Baker McKenzie with Giorgio Telarico assisted SmartOil2 in the sale of Smart Oil ltd, a Ghanaian company operating in the field of cultivation, production and selling of biofuels.

SmartOil Ltd executed a concession agreement with Ghanaian authorities for a period of 50 years for about 4500 ha.

Smart Oil Ltd has been acquired by JOil an integrated value chain player based in Singapore operating in the field of developing biomaterials projects.