We all need lawyers, whether we use them for legal advice in divorce court or for vehicle injury situations. Likewise, a legal advisor is the vehicle that keeps the green technology train chugging along worldwide in a multitude of financing deals. Without these experts, Mother Earth would not have profited from five major deals that went down last year to propel the alternative energy field forward.
According to Bloomberg New Energy Finance, here are five top green finance deals and their accompanying top 11 legal advisors:
Several legal advisors were involved in the $7.93 billion acquisition of EDF Energies Nouvelles, a wind company, by EDF. These legal advisors include Linklaters, Allen & Overy, Sullivan & Cromwell, and Davis Polk & Wardwell.
Cia Nacional de Acucar e Alcool
Legal advisor Linklaters also was involved in BP’s $680 million acquisition of an 83 percent stake in Cia Nacional de Acucar e Alcool, which produces renewable fuel and sugarcane worldwide.
Allen & Overy, who participated in the EDF Energies Nouvelles deal, also helped Mitsubishi to acquire 15 percent of Acciona Termosolar, a $63 million deal. Acciona Energy owns three plants and a fourth that currently is under construction, with all four featuring a total green energy generating capacity of 200 megawatts.
This deal involved a multitude of legal advisors. They include Skadden Arps Slate Meagher & Flom, Morrison & Foerster, Gilbert + Tobin, Dechert, Willkie Farr & Gallagher, Freehills, and Freshfields Bruckhaus Deringer. Toshiba acquired 100 percent of Landis + Gyr, and Landis + Gyr also sold a 40 percent stake in the company to the Innovation Network Corp. of Japan – a deal worth $680 million. Landis + Gyr produces several green technologies, including meters that are designed to help to manage scarce resources such as energy.
Silver Age Holdings
In addition to handling the Landis + Gyr case, legal advisor Skadden Arps further helped JA Solar Holdings to acquire a 100 percent stake in Silver Age Holdings. Silver Age Holdings is a solar sector silicon wafer supplier that is based at the British Virgin Islands. The intent of the 2011 financial move was to increase JA Solar Holdings’ internal wafer capacity to about 785 megawatts of energy.
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- Clean Energy Records Shattered in 2011: $53 Billion in New Deals, $260 Billion in Investment (treehugger.com)
- Ten Most Influential Green Blogs (usgreentechnology.com)
- Who Are the Smart Grid’s ‘Big Fish’? (greentechmedia.com)
- Japan’s Tepco to Install 17 Million Smart Meters (greentechmedia.com)
- Toshiba Using Landis+Gyr to Enter U.S. Smart Grid, Smart Home Fray (greentechmedia.com)
- Ecologic Analytics Acquired by Landis+Gyr (greentechmedia.com)