Freshfields advises the placing banks in Solaria’s €300m accelerated bookbuild offering

Global law firm Freshfields advised the syndicate of banks participating in the accelerated bookbuild offering of ordinary shares in Spanish renewable energy group Solaria. The transaction comprised both the issue of new shares and the sale of existing treasury shares. The total amount of shares placed represented approximately 10% of Solaria's share capital and raised over €300m.

The share offering was structured as a private placement to institutional investors, with the order book covered 6.7 times across the price range and attracting broad international participation, including long-only funds, infrastructure investors and specialist energy accounts.

The transaction marks a decisive step in Solaria’s transformation evolving from a leading independent solar power producer in Europe into a multi-technology renewable energy platform and Data Center Powered Land (DCP Land) business, with the ambition of reaching 9 GW of total installed capacity by 2028.

Freshfields team involved on this transaction:

The transaction was jointly led by partner Alfonso de Marcos and counsel Joe Amann in Madrid, with the support of senior associate Chelsey Kaka, associate Javier González and trainee Javier Herrero. Partner Bosco Montejo, senior associate Javier Sánchez and associate Inés Palma advised on tax matters. From London, partner Peter Allen supported on English law matters, while partner Doug Smith and counsel Ethan Magid advised on US securities law aspects.