Elm Trading’s Acquisition of Innova Energy Limited

TLT has advised the shareholders of private equity-backed solar energy company Innova Energy Limited.The sale concludes a long-term strategy to acquire standalone solar farms and optimise their operations, resulting in a sale dictated by the market of a high-performing aggregated portfolio.

Innova holds 16 ground-mounted assets in Great Britain with a combined capacity of 61.5 MW, all accredited under either ROC or FIT schemes and some benefitting from private wire PPAs with corporate off-takers. 

TLT provided corporate, commercial, real estate and banking advice on this latest transaction. Clean energy partner Nick Shenken (Picture) led the team, supported by Antonia Silvestri and the wider national clean energy team.

Involved fees earner: Nick Shenken – TLT LLP; Antonia Silvestri – TLT LLP; Law Firms: TLT LLP; Clients: Innova Capital & Energy;

Author: Giulia Di Palma