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Travers Smith advises on the sale of a UK solar business to Bluefield Solar

Overview

Travers Smith LLP has advised the sellers on the sale of a UK solar business and assets to Bluefield Solar Income Fund, a UK-focused income fund that invests primarily in solar assets, for c.£100 million.

The Bluefield Solar Income Fund has acquired a portfolio of 15 operational solar parks with a total production capacity of 64.2MWp. The portfolio has 13 sites in England and 2 in Wales.

The Travers Smith team, which worked alongside Danish Counsel Accura, was led by Corporate M&A and ECM Partner Andrew Gillen, with support from Corporate Associate Victoria Robinson. The team also included Real Estate Senior Associate Catherine O'Driscoll, Head of Construction & Engineering Ryan Fordham, Operational Risk Senior Counsel John Buttanshaw, Operational Risk Senior Associate Sarah-Jane Denton, Operational Risk Associate Harrie Narain, Tax Partners Madeline Gowlett and Jessica Kemp, Tax Senior Associate Thomas Rickford, Commercial, IP & Technology Senior Associate Michael Ross, and Commercial, IP & Technology Associate Alex Figurski