Freshfields advises on €300M Solaria accelerated bookbuild
Freshfields in Spain has advised the banking syndicate on an accelerated bookbuild (ABB) of ordinary shares in Solaria, the Spanish renewable energy group, raising over €300 million. The transaction, which closed on 30 April 2026, comprised both the issuance of new shares and the sale of treasury shares, with the total number of shares placed representing approximately 10% of Solaria’s share capital.
The offering was structured as a private placement targeting institutional investors. Demand exceeded 6.7 times the offer across the entire price range, drawing broad international participation from long-term investment funds, infrastructure investors, and energy-specialist accounts.
The transaction marks a significant step in Solaria’s strategic transformation, as the company evolves from an independent solar energy producer into a multi-technology renewable energy platform. The group is also developing a data centre land business (DCP Land) and has set a target of reaching 9 GW of total installed capacity by 2028.
Freshfields team
The Freshfields team was co-led by partner Alfonso de Marcos and counsel Joe Amann in Madrid, supported by senior associate Chelsey Kaka, associate Javier González, and trainee Javier Herrero. Tax advice was provided by partner Bosco Montejo, senior associate Javier Sánchez, and associate Inés Palma. In London, partner Peter Allen advised on English law aspects, while partner Doug Smith and counsel Ethan Magid provided guidance on US securities law.
