Linklaters advises OPTrust, USS and BRUC on the sale of 49% of BRUC’s 1,066 megawatts portfolio to Interogo Holding
Linklaters has advised OPTrust, Universities Superannuation Scheme (USS) and the renewable energy company BRUC on the sale of 49% of BRUC’s 1,066 MW portfolio of operational and under construction solar photovoltaic generation assets (with additional potential for hybridisation) to Inter Infrastructure Capital, an infrastructure investment fund of Interogo Holding.
BRUC is a renewable energy company that manages a portfolio of 8,500 MW in Spain, of which over 1,000 MW are already in operation or in an advanced phase of construction.
The cross-practice and multi-jurisdictional team (London and Madrid) included Corporate, Financial Sponsor and Energy & Infrastructure partners Ben Rodham, Francesca Matthews and Lara Hemzaoui, alongside managing associate Albert Yu with associates Santiago Menéndez, Jamie McPhie, Alberto Vilalta and junior associate Javier Montero.
The Antitrust & Foreign Investment team was led by counsel Fredrik Lowhagen with junior associate Lucía Esteban.
Linklaters has a consistent track record supporting developers, investors and financial sponsors in the renewable energy sector, with market-leading expertise across the full spectrum of renewable energy-related mandates – from solar and wind, to hydrogen, batteries and storage, green and sustainability-linked finance. This transaction is another demonstration of the firm’s cross-practice capabilities to provide seamless advice across different practices and geographies.
The transaction is subject to certain regulatory approvals and other customary closing conditions.