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5 April 20242 minute read

DLA Piper advises Elgin Energy on landmark sale to Copenhagen Infrastructure Partners

Global law firm DLA Piper has advised the shareholders of leading independent solar and storage developer Elgin Energy Holdings Limited (Elgin Energy), as Copenhagen Infrastructure Partners (CIP) acquires a majority stake in the company through its flagship CI V fund. The arrangement will also see CIP invest GBP250 million, alongside Elgin Energy’s retained management team, to expand and deliver some 15GW in the company’s existing international pipeline. The sale marks the third major transaction advised by DLA Piper during its longstanding relationship with Elgin Energy.

The synergies between CIP’s industrial procurement and construction approach, and Elgin Energy’s quality portfolio and footprint, and market expertise, will enable Elgin Energy to become an Independent Power Producer, grow its team and pipeline in existing, and new markets, and develop into a fully integrated and full-service solar and storage company.

Natasha Luther-Jones, Global Co-Chair of DLA Piper’s Energy and Natural Resources sector and International Head of Sustainability and ESG, comments: “It has been fantastic to support Elgin, a longstanding client, in the next stage of its evolution and seeing it become a true independent power producer and fully integrated and full-service solar and storage company. Congratulations to everyone involved.”

Partners Natasha Luther-Jones and Stephen Atkinson led the DLA Piper team advising Elgin Energy, with key contributions from senior associates Simon Winterburn and Tom Metcalfe; associates Megan Williams and Yemo Guo; and legal directors Barry Noonan, Claire Ropka, and Michael Greig.