Linklaters advises RES on the proposed sale of its Development and Construction interests in France to Hanwha Solutions
Linklaters has advised RES, the world's largest independent renewable energy company, on the potential sale of its Development and Construction interests in France to Hanwha Solutions. RES and Hanwha Solutions have signed an Exclusivity and Put Option Agreement for the transaction and have initiated the consultation process with RES' staff council in France, as well as the usual regulatory clearances. RES will retain its Support Services business in France. This transaction, the largest in the sector in France in recent years, demonstrates the growing appeal of the renewable energy sector for investors.
RES’ development and construction platform in France currently includes a team of more than 200 people as well as a pipeline of 5GW of utility scale onshore wind, solar and storage projects.
The Linklaters team was led by François April, Partner (Energy & Infrastructure) and included Pierre Guillot (Public law), Pierre Zelenko (Competition), Géric Clomes (Labour law), Cyril Boussion (Tax) and Joo Hee Lee (Seoul Office), Partners; Thomas Pontacq, Sonia Cissé, Samuel Bordeleau, Nicolas Zachary, Counsel, Fériel Aliouchouche and Jean-François Merdrignac, Managing Associates and Saadoun Alioua, Cécile Boulé, Virginie Guerineau, Sandra Hoballah Campus, Camille Lapeyre Sabatie de Chavardes, Constance Mathais, Etienne Paletto and Youssef Berrada, Associates.