International legal practice Osborne Clarke has advised Oxford Capital on the £78.8m refinancing of 92MW of its UK solar assets, backed by debt raised from Aviva Investors.
The newly aggregated portfolio comprises 17 undisclosed SPVs that hold 37 separate ground-mounted and commercial rooftop solar sites, as well more than 3,000 residential rooftop installations.
Aviva used a mix of index-linked and fixed interest debt for the transaction, with IDCM Limited as arranger.
The Osborne Clarke corporate team who advised on the transaction was led by Partner Matthew Lewis and Associate Director Caroline Saul. They were assisted by Corporate Senior Associate Alice Naylor, Projects Partner Carl Thompson, Energy Partner Alan John and Real Estate Senior Associate Charlotte Walker.
Osborne Clarke has an established and well-respected position as one of the leading law firms advising on renewable energy projects and transactions. For over 20 years, it has helped clients to seize new opportunities and meet the challenges of making energy generation clean, affordable and secure. The combination of the team’s experience and understanding of the energy sector means they are regularly called upon to support businesses on all aspects of their commercial, regulatory, corporate, finance and construction legal needs.