TLT has advised Downing Renewables & Infrastructure Trust plc (DORE) on its acquisition of a portfolio of UK-based operational solar PV assets for a total value of £12.6 million.

TLT’s future energy team advised DORE on all legal aspects of the purchase, including acquisition documents and providing tailored legal due diligence across a multidisciplinary team including real estate, grid, accreditation and banking. The acquisition was led by future energy corporate partner Antonia Silvestri supported by corporate associate Alex Morris, as well as real estate partner Matt Grimwood and senior associate Lowri Morgan, alongside banking senior associate Emily Huish and associate Georgia Bew.

Antonia Silvestri said: We’re thrilled to have played our part in DORE’s acquisition. The secondary M&A market for solar generation assets remains buoyant in 2023 and uptake in W&I insurance remains strong. TLT’s success advising DORE reaffirms the firm’s wider reputation as market-leading future energy experts and advisors progressing the UK’s net zero transition.”

Tom Williams, partner, head of energy & infrastructure at Downing LLP, said: "We are very grateful for TLT’s help and advice, ensuring the success of this deal, which represents another step forward in our diversification investment strategy to increase the stability of revenues and consistency of income to shareholders.”

Written by

Antonia Silvestri

Antonia Silvestri

Date published

27 April 2023


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