29 Jun 2018 | 10:00 am | 1 min. read
International law firm Pinsent Masons has advised NYSE-listed Ellomay Capital Ltd. on a €192.5m deal with Metka EGN Ltd for the development of a 300MW solar park at Talasol in western Spain.
The works to be undertaken by Metka EGN include the engineering, procurement and construction of the Talasol Project and the ancillary facilities for connecting power into the grid. Work is expected to be completed within 16 months.
The EPC Agreement provides that, in the event the Talasol Project does not reach financial closing within 14 months, both parties can terminate the EPC Agreement.
One completed commentators say that the Talasol project would be Spain’s first large-scale solar facility to sell power on the spot market.
Ellomay has invested significant funds in the renewable, clean energy and natural resources industries in Israel, Italy and Spain.
The Pinsent Masons team acting on the deal was led by Madrid-based partner Pablo Dorronsoro and Senior Associate Marta Salazar Diaz.
Dorronsoro says:
"This is one of the most significant transactions to have reached close since we established our presence in Spain. We are pleased to have been able to support Ellomay in this significant transaction."
The deal follows a busy period for Pinsent Masons’ renewable and low carbon energy team. Since the turn of the year the firm has advised on the sale of the UK's largest operational solar park, the acquisition and development of one of the most significant solar park projects in Australia, and is acting for a Spanish contractor in respect of the development of what is expected to become one of the world’s largest solar plants, in Morocco.
Fichtner GmbH & Co. KG, Germany's largest independent engineering and consultancy firm in the energy and infrastructure sector, has advised Ellomay Capital Ltd. on the development, tendering and engineering of the project. The design review as well as the site supervision will be also performed by Fichtner.
Multinational law firm Pinsent Masons has advised Tokai Carbon Co., Ltd. (“Tokai Carbon”) on the sale of its German subsidiary TOKAI ERFTCARBON GmbH (“TEG”), to Lenbach Equity Opportunities III. GmbH & Co. KG, which is exclusively advised by DUBAG Investment Advisory GmbH (“DUBAG”).
Multinational law firm Pinsent Masons has advised the shareholders of independent financial advisory and wealth management firm Shackleton, including the private equity buy-and-build specialist Sovereign Capital Partners, on the exit to Lee Equity Partners.
Multinational law firm Pinsent Masons has been announced by Business in the Community as one of The Times Top 50 Employers for Gender Equality in 2025. This year’s list marks the sixth time that the firm has been recognised for its commitment to embedding gender equality into all levels of the organisation.
Multinational law firm Pinsent Masons has advised Tokai Carbon Co., Ltd. (“Tokai Carbon”) on the sale of its German subsidiary TOKAI ERFTCARBON GmbH (“TEG”), to Lenbach Equity Opportunities III. GmbH & Co. KG, which is exclusively advised by DUBAG Investment Advisory GmbH (“DUBAG”).
Multinational law firm Pinsent Masons has advised the shareholders of independent financial advisory and wealth management firm Shackleton, including the private equity buy-and-build specialist Sovereign Capital Partners, on the exit to Lee Equity Partners.
Multinational law firm Pinsent Masons has been announced by Business in the Community as one of The Times Top 50 Employers for Gender Equality in 2025. This year’s list marks the sixth time that the firm has been recognised for its commitment to embedding gender equality into all levels of the organisation.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]