Allen & Overy has advised Abdul Latif Jameel (ALJ) on its acquisition of Fotowatio Renewable Ventures (FRV), a leading global developer of solar power plants, from Denham Capital, Qualitas Venture Capital and founder shareholders.

The transaction represents a major step in the development of ALJ’s energy business. The ownership of FRV’s current global solar project pipeline of 3.8 GW across Australia, the Middle East, Africa and Latin America positions ALJ as the largest GCC-based solar PV developer and one of the leading solar PV developers in the world.
 
The core A&O team was led by UAE-based partner David Foster with support from partner Shaun Beaton, senior associate Zeid Qursha and associates Richard Chamberlain, Adhirath Singh and Grace Harvey.
 
Commenting on the transaction, David Foster said: "This is a significant transaction for both the renewable energy sector and for ALJ. We are delighted to have played our part in helping ALJ to complete this transaction and look forward to continuing to support the business in the future".