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Leading global law firm Herbert Smith Freehills has advised HKEX-listed Panda Green Energy Group on the disposal of six solar farms in the United Kingdom.

全球龙头律所史密夫斐尔律师事务所为在港交所上市的熊猫绿色能源集团有限公司(「熊猫绿能」)处置六个在英国的太阳能发电场的项目提供咨询服务。

Panda Green Energy, formerly known as United Photovoltaics Group, is a leading eco-development solution provider. It is part of China Merchants Group, one of the largest Chinese state-owned enterprises.

The solar farms are located in the UK counties of Oxfordshire, Northamptonshire, Nottinghamshire and Cumbria and were acquired in 2017, as the first overseas acquisition by the group. They have a combined capacity of about 82.5MW.

The transaction will enable Panda Green Energy to free up capital for operations and allow the company to focus on future investment opportunities.

"Having advised the client on the original acquisition, we are delighted to have worked with them on this deal," said Hong Kong energy partner Hilary Lau. "This transaction demonstrates our ability to complete deals for Asian clients working in competitive global markets, and showcases our expertise in solar and other renewables markets."

The team was led by Hilary and Beijing partner Monica Sun, and senior associate Yida Xu, with assistance from associates Maisie Ko, Aaron Li, Jason Shamdas and Yunfei Guo. London partner Sarah McNally advised on the insurance aspects of the transaction with assistance from associate Daniel Bunoza.

熊猫绿能前称「联合光伏」,是一家领先的生态发展解决方案供应商,隶属于中国规模最大的国有企业之一——中国招商局集团旗下。

这些太阳能发电场分别位于英国牛津郡、北安普敦郡、诺丁汉郡和坎布里亚郡。各发电场于2016年被收购,是为熊猫绿能的首次海外收购,而总发电量约为82.5MW。

此次交易将使熊猫绿色能源腾出运营资金,让其能专注于未来的投资机会。

史密夫斐尔香港分所能源部合伙人刘恺信律师表示:「我所曾为客户原先的收购事宜提供咨询服务,现在又与他们合作处理这项交易,我们感到十分高兴。」他又说:「此次交易显示我所有能力为参与全球激烈竞争市场事务的亚洲客户完成交易,并展示了我所在太阳能和其他可再生能源市场领域的专业知识。」

本项目团队由刘恺信律师、北京合伙人孙晔律师和高级律师许懿达领导,并由高美诗、Aaron Li、Jason Shamdas和 Yunfei Guo等律师提供协助。伦敦合伙人Sarah McNally律师则在Daniel Bunoza律师的协助下,为此项交易的保险事宜提供咨询。


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Sally Greig

Head of Communications, Asia

Hong Kong

Hong Kong Mainland China London Corporate Energy Renewables