Lawyers from the Bristol office of international legal practice Osborne Clarke have helped on the €22.5m (£19.8m) refinancing of a portfolio of six UK solar farms.
In the deal Aberdeen Standard Investments provided a long-term, 18.5-year debt financing for Pensions Infrastructure Platform (PiP) – the specialist manager established to encourage pension schemes to invest in UK infrastructure – on the 29.4MW collection of assets owned by its Multi-Strategy Infrastructure Fund (MSIF).
MSIF acquired the projects in Kent, the Midlands and Yorkshire in an unlevered deal at the beginning this year from China’s Trina Solar.
Osborne Clarke’s cross-sector team that advised on the matter was led by partner by Omar Al-Nuaimi, who was supported by banking associate Lucy Daniels, real estate senior associate Charlotte Walker, construction partner Carl Thompson and regulatory associate director Deborah Harvey.