Everlegal has advised UDP Renewables on the sale of solar power plants under development in the Kyiv region to Acciona Energy. Dentons advised the buyers on the acquisition.
Everlegal reports that, following the expected July 2018 closing of the transaction, Acciona Energy -- a Spanish sustainable infrastructure and renewable energy company -- will invest EUR 54.7 million in the development and construction of the solar power plants, which are expected to become operational in the first quarter of 2019. The transaction remains subject to clearance by the Ukrainian competition authority.
UDP Renewables is an investment and development company in the Ukrainian renewable energy market. According to Everlegal, the company intends to commission 100 MW of installed capacity in 2018.
The Everlegal team was led by Partner Andriy Olenyuk, assisted by Associate Alina Zhuk and Junior Associate Mykyta Stebliuk. Managing Partner Yevheniy Deyneko provided expertise and assistance as well.
Dentons did not reply to an inquiry about the deal.