Watson Farley & Williams (“WFW”) has advised global solar developer Lightsource bp on the sale of a portfolio of 58 operational assets to a consortium comprising GLIL Infrastructure and Bluefield Solar Income Fund.
As part of the sale, Lightsource bp will continue to provide operations & maintenance and asset management services for the portfolio. WFW advised on Lightsource bp on all aspects of the disposal.
Lightsource bp is a global leader in solar development, management and operations, operating in 19 regions worldwide with a portfolio of 8.4 GW of solar developed since 2010.
GLIL Infrastructure is a £3.6bn infrastructure investment fund. Bluefield Solar Income Fund is a London-listed UK income fund focussed primarily on acquiring and managing solar energy assets.
The WFW London Energy team that advised Lightsource bp was led by Global Energy Sector Co-Head Henry Stewart and Corporate Partner Andy Savage. The wider team included Senior Associates Nerina Erasmus, Rhiannon Elias and Victoria Gow and Associates Jeremy Chiew, James Ballantyne and Elizabeth Lee. Partner John Rosmini, Senior Associates Charlotte Williams and Peter Rutledge and Associates Cole Tennant-Fry, Kaajal Shah and Shakir Pots provided property advice, and planning and regulatory advice was provided by Partner Nick Walker, Counsel Marianne Anton and Associate Hamish Ungless.
Henry commented: “We are pleased to have advised long standing Lightsource bp on the sale of this solar 58 asset portfolio. This deal highlights WFW’s expertise for renewable energy transactions as well as the breadth and depth of our energy team offering”.
