DLA Piper has advised infrastructure specialist investor and fund manager, Equitix, on a series of four separate acquisitions of solar assets and three project financings.

The first acquisition, which completed on 21 December 2016, saw Equitix acquire six operating ground mounted solar installations from Primrose Solar with a combined capacity of 80 MW; the second was of a ground-mounted operating solar project, Cowdown project near Andover, with a capacity of 40MW completing on 13 January 2017.

The third and fourth acquisitions with concurrent project financing completed on 2 February 2017. These involved Equitix acquiring two solar portfolios from two different sellers: one with Feed-in Tariffs (FiT) totalling 10 MW; and the other with six sites totalling 28 MW in capacity with Renewables Obligation Certifications (ROCs). Project financing was provided for the portfolio using a hybrid financing structure.

Natasha Luther-Jones, Head of Renewable Energy (EMEA) at DLA Piper, said: "The secondary market for solar assets is extremely buoyant and has started the year off very strongly. We expect to see this trend continue throughout 2017."

The DLA Piper team was led by Natasha Luther-Jones and consisted of over 30 lawyers from across the UK including renewable energy specialists from the firm's Projects, Finance, Corporate, Tax, Real Estate, Planning and Regulatory teams based in London, Leeds, Manchester and Edinburgh.