Solar

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With an active presence in the international power sector for 30 years, CMS has a market-leading practice which has seen it advise industry players across the globe. 

Our dedicated power team has specialist knowledge of each stage of a project’s development, from the initial feasibility study through to operation. We also have an intimate familiarity with government processes and regulatory regimes, having advised on the privatisation and restructuring of multiple national electricity markets worldwide. 

This extensive experience has meant that we have acted for many leading players in the solar industry including developers, investors, financiers, operators, offtakers, suppliers, customers and other stakeholders. Accordingly, we know where the problems and pitfalls lie and are able to guide you through them every step of the way.

Our recent experience related to solar includes advising:

  • Equinor on the purchase of 100% of shares in the Polish company Wento, which develops photovoltaic and wind projects, from Enterprise Investors, a private equity fund. The deal also included the acquisition of a 1.6 GW portfolio of photovoltaic projects. The value of the transaction amounted to EUR 91 million, before net cash adjustments.
  • The Ministry of Energy of Saudi Arabia on Round Three of Saudi Arabia's National Renewable Energy Program, comprising four projects with a combined generation capacity of 1,200 MW of solar PV and a total net contract value of USD 8.4bn.
  • ENI in connection with the acquisition of 3 photovoltaic projects in Spain from X-Elio.
  • montanSOLAR on the development and the financing of two photovoltaic park projects in France representing a cumulative power of 34 MW.
  • Photosol on financing and refinancing ten solar projects financed by CEPAC, BPI and La Banque Postale.
  • Nordex SE on its execution of a put option agreement for the potential sale of Nordex's European wind and photovoltaic development pipeline to RWE. 
  • Solarian Holdings Ltd on the acquisition of a 2.25 Megawatt photovoltaic power plant in Bulgaria from Julian Torchanov and Mat Ltd. The project was financed by Unicredit Bulbank. 
  • Greensource on the financing of the construction of Hungarian PV plants (65 Mwp). Lender is Kommunalkredit Austria.
  • AQUILA CAPITAL on the acquisition of shares of companies hold by Infraventus (Astros Irreverentes and Prettysource) which hold rights of PV projects with 6MW each.   
  • BRUC on the acquisition of a portfolio of 8 greenfield photovoltaic projects in Andalucía, Spain with a capacity of 350 MWp owned by Magtel.
  • EDF Renewables UK in partnership with Octo Energy: on identifying and delivering 200 MW of hybrid solar and battery storage projects in England and Wales
  • ACWA Power, Blackrock and Crescent Capital on the sale of ACWA Power CF Karad PV Park and NOMAC Bulgaria, a 60 MWp photovoltaic plant Karadzhalovo in Bulgaria, to Enery Development GmbH, an Austrian investor and project developer.
  • Octopus Renewables Infrastructure Trust plc on its acquisition of a 100% interest in a portfolio of solar PV assets located throughout the UK for an initial cash consideration of £144.3m.

To find out more about other related services you can visit the Energy & Climate Change expertise section

"They have got a very good understanding of their clients’ needs and keep their feet on the ground."

Legal 500, 2022

"Leaders in energy transition and provide excellent technical and commercial support to new energy projects. Overall they offer the full package for 21st century energy and natural resources clients."

Legal 500, 2022

"A very strong team with wide experience."

Legal 500, 2022
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10/11/2022
CMS ad­vises Hy­dro Rein on its 50/50 joint ven­ture with Com­merz Real to...
In­ter­na­tion­al law firm CMS has ad­vised Hy­dro Rein on its agree­ment with Com­merz Real to es­tab­lish a 50/50 sol­ar joint ven­ture which will ac­quire a Dan­ish sol­ar port­fo­lio. Com­ple­tion of the joint ven­ture...
16/11/2022
The Fu­ture of Re­new­ables Sem­in­ar and Drinks Re­cep­tion
Our next Fu­ture of Re­new­ables ses­sion of 2022 is a re­turn to in-per­son net­work­ing in Ed­in­burgh, with speak­ers from CMS and Green Cat look­ing at cur­rent hot top­ics af­fect­ing En­ergy pro­jects across Scot­land...
20/10/2021
UK En­ergy Sec­tor: Sum­mer of Change
The sum­mer of 2021 may well shape the UK en­ergy sec­tor (and the re­lated sec­tors it im­pacts) for many years to come. Ofgem and BEIS re­leased over forty con­sulta­tions from June to Septem­ber. Some of these...
13/10/2021
CMS ad­vises on pro­ject fin­an­cing of sig­ni­fic­ant UK util­ity-scale sol­ar...
In­ter­na­tion­al law firm CMS has ad­vised Ra­bobank in re­la­tion to the pro­ject fin­an­cing of a sub­sidy-free util­ity-scale sol­ar PV pro­ject in the UK, de­veloped by:Cero Gen­er­a­tion (Cero), a port­fo­lio com­pany...