Ropes & Gray has advised Nature Infrastructure Capital (NIC), on its joint acquisition, together with Davidson Kempner Capital Management LP, of the Netherlands-based solar and storage project development platform of Greencells Group, a global project developer and provider of EPC and O&M services for large-scale solar power plants.
The development platform specialises in the acquisition, development, financing and operation of renewable and sustainable energy projects and is active across all key European markets as well as Canada. The platform is now developing a project portfolio of nearly 4 gigawatts (GW) of utility-scale solar and battery projects in Europe and Canada.
The joint venture plans to continue scaling the platform and accelerate the expansion of the project portfolio in its key active markets as well as select new markets. It will deploy significant additional resources to advance projects into operation providing clean and reliable sources of energy to the communities and industries where it operates.
The Ropes & Gray team was led by private equity partner Simon Saitowitz and private equity associate Craig Jourdan with support from trainee Salah Khaddour. Additional support was provided by tax partner Andrew Howard and associate Matt Parsons, and asset management associates Andrew Davis and Callum Flanagan.
