Linklaters has advised Elia Group on its firm agreement to acquire a 35.1% stake in energyRe Giga Projects (“energyRe Giga”), a subsidiary of energyRe LLC — an independent U.S. energy company solving complex sustainability challenges and delivering large scale clean energy solutions.
Elia Group will deploy $400 million over three years into energyRe Giga and the proceeds will be fully committed to fund project development in the U.S. electricity transmission and renewable energy generation space. The partnership with energyRe Giga is part of Elia Group’s growth strategy to expand its activities outside of Europe and strengthen the development of sustainable energy solutions.
Spanning Linklaters’ New York, Washington, D.C., and Brussels offices, the transaction team was led by Energy & Infrastructure Partner Andrew Compton and M&A Partner Pierre-Emmanuel Perais, alongside Energy & Infrastructure Counsel Will Kim and Nicholas Atwood, and M&A Associate Lizzeth Merchan. The team also included Energy & Infrastructure Partner Ron Erlichman, Tax Partner Gabriel Grossman, Executive Compensation and Employee Benefits Partner Andrew Gaines, TMT & Data Solutions Partner Ieuan Jolly, Antitrust & Foreign Investment Partner Antonia Sherman, and Litigation, Arbitration & Investigations Partner Patrick Ashby; Environmental Senior Counsel Lauren Bachtel, Energy Regulatory Senior Counsel Diana Jeschke, and Foreign Investment Senior Counsel Jonathan Gafni; Antitrust & Foreign Investment Counsel John Eichlin; Energy & Infrastructure Associates April Kent, Paulina Sosa, Lauri Kai, Zach Benaharon, In Sun You, and Chee Lee; M&A Associates, Titus Kabega and Andreina Lamas; Litigation, Arbitrations & Investigations Associates Sean Solomon, Stephanie Sebastian, and Charlene Valdez Warner; Antitrust & Foreign Investment Associate Anna Gooding; TMT Associate Kris Ekdahl;and Executive Compensation and Employee Benefits Associate Maddy Hayes. Strategic advice on Belgian corporate and finance matters was provided by M&A Partner Arnaud Coibion and Capital Markets Partner David Ballegeer.
