The acquisition includes a 550 MW pipeline of green assets
Allens has advised Iberdrola, a global energy leader, on the acquisition of two Vietnamese subsidiaries of German renewable energy group Sowitec.
The transaction includes a 550 MW pipeline of green assets, comprising five onshore wind farms and one floating solar project under development.
'This is a significant transaction and is consistent with the increasing interest from foreign investors in wind and solar power in Vietnam in recent years,' said lead Partner Melissa Keane.
'We are pleased to support Iberdrola in its growth as a renewable energy leader across the Asia Pacific and build on the work we have done for the business in Australia.'
Allens legal team
Projects & Development
Melissa Keane (Partner), Huong Tran (Senior Associate), Ha Le (Associate), Thien Tran (Associate)
Corporate
Hien Nguyen (Senior Associate), Linh Nguyen (Associate)
Notes for editors.
Allens is a commercial law firm working throughout Australia and Asia. Through its integrated alliance with Linklaters it provides clients access to 40 offices in 28 countries around the world.