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Iberdrola expands renewable energy reach

International law firm Allens has advised Iberdrola on its acquisition of a renewable project pipeline in Vietnam.

August 18, 2021 • By Emma Musgrave
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Iberdrola expands renewable energy reach
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Firm: Allens (Iberdrola).

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Deal: Iberdrola has acquired two Vietnamese subsidiaries of German renewable energy group Sowitec.

 
 

Value: Undisclosed.

Area: Energy and resources, M&A.

Key players: The legal team advising Iberdrola was led by Allens projects and development partner Melissa Keane, with assistance from senior associate Huong Tan, and associates Ha Le and Thien Tran.

Corporate senior associate Hien Nguyen and associate Linh Nguyen also assisted on the transaction.

Deal significance: Iberdrola is a global energy leader.

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The group’s acquisition of the two subsidiaries of Sowitec includes a 550-megawatt 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 Allens lead partner Ms 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.”

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Emma Musgrave

Emma Musgrave

Author

Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.

Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences. 

Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.

She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University. 

Email Emma on: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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