Global alternative asset management firm ICG’s infrastructure fund has been advised by Bristol-headquartered law firm Burges Salmon on its acquisition of a major solar developer.
British Solar Renewables (BSR), based in Shepton Mallet, was among the UK’s first developers of solar photovoltaic and has grown into one of the country’s largest firms of its kind. 
Since its launch in 2011, it has successfully developed, built and operated nearly 1GW of solar and energy storage plants in the UK to help reduce greenhouse gas emissions and has strong expansion plans to build and operate solar and storage assets in the UK.
It has now been acquired by London-based ICG, which manages and invests capital on behalf of its clients by developing long-term and resilient relationships that deliver sustainable value.
With more demand than ever for renewable energy sources, ICG aims to help companies scale their business as a shareholder committed to funding renewables. 
Under the new partnership, ICG will support BSR’s growth from a developer to a leading integrated power producer in the UK with the aim to have more than 1.5GW of renewable capacity in operation in the next five years, equivalent to powering 375,000 homes.
The Burges Salmon team advising on the deal was led by corporate partner Jonathan Eves and projects partner Ross Fairley, alongside director Alex Lloyd, senior associate Amy Carr and associate Martin Davidson – all from the firm’s corporate team.
Jonathan Eves, pictured, said: “This transaction marks another significant step forward in ICG’s journey.
“Working with them throughout is part of our commitment to not only supporting our clients with expertise, but also supporting the UK in delivering renewable energy solutions that will help towards the UK’s net zero emissions target.”
