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 Spanish Public Law team was led by partner Jose Giménez, with managing associate Jorge Toral and associate Gonzalo Sanz.

The Tax team was led by partner Alejandro Meca with managing associates Alexei Franks and Álvaro Albiñana and associates Natasha Davies and Marta España.

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.