Clifford Chance advises Glentra Capital on the acquisition of DVP Solar Worldwide
Clifford Chance has advised Glentra Capital on the acquisition of DVP Solar Worldwide from Everwood. DVP Solar is a developer of solar PV and battery storage projects.
The acquisition of DVP fits well with Glentra’s strategy of investing in renewable growth platforms with strong management teams and a strategic focus on delivering projects that contribute to meeting the objectives of the energy transition.
DVP is headquartered in Seville, Spain, and develops utility-scale solar PV and BESS projects across Europe and Latin America. It focuses on agrivoltaics, which provide an opportunity to mitigate the effects of the climate change on agriculture, alleviate concerns about land competition between solar parks and farming activities, safeguard biodiversity, and foster the active involvement of local people and businesses, while delivering on cost-competitive green power and reductions in CO2 emissions.
The Clifford Chance multijurisdictional team was formed by corporate/M&A partner Samir Azzouzi, counsel Javier Olábarri, senior associate Pablo Hernández, and associates María Aguayo, Carlos Aleixandre and Jimena Garrote, all from the corporate / M&A department, with the support of counsel Begoña Barrantes and associate Paula Valenciano, from the antitrust team, counsel Jorge Martín-Fernández, from the employment team, and colleagues in Italy, France and Germany.
