A Fieldfisher team has advised RM Secured Direct Lending plc (RMDL) in respect of two separate loan facilities to acquire and develop solar energy farms in South Wales and Warwickshire. The loans were both made to Solarplicity, a leading UK renewable energy provider supplying the needs of residential, private sector enterprise and public sector customers with domestic and commercial offerings.
The two transactions, which closed in August and September respectively, represent the RMDL's first financing of Solar PV assets following its investment of over £12m into the renewables sector generally in 2017.
Banking partner Jayne Backett led the team alongside Real Estate Partner Jonathan Wright and Construction Partner Cecily Davis.
Jayne comments, "Fieldfisher is delighted to have assisted RMDL with these two solar financing projects, it has been a first class opportunity to demonstrate the firm's depth of expertise in the renewables sector which continues to attract increasing focus and investment opportunities for our clients."
Fieldfisher has market leading experience in renewable energy projects, having completed a large number of acquisitions and financings of onshore and offshore wind and solar projects in Finland, Germany, France, Sweden, Italy, Spain, the UK and Mauritius and we look forward to continuing to grow this significant practice across Europe and the UK, particularly in light of the UK's commitment to aggressive low carbon targets.
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