Clifford Chance LLP

02/03/2021 | News release | Distributed by Public on 02/03/2021 01:19

Clifford Chance advises Iberdrola on acquisition of Acacia Renewables

Clifford Chance advises Iberdrola on acquisition of Acacia Renewables

Leading international law firm Clifford Chance has advised global energy company Iberdrola on its acquisition of Japan's renewable developer, Acacia Renewables K.K.

Iberdrola has acquired Acacia Renewables and entered into joint venture with Macquarie's Green Investment Group (GIG) to develop a 3.3 GW offshore wind portfolio in Japan.

The acquisition of Acacia Renewables opens up the opportunity for Iberdrola to enter the Japanese offshore wind market which is in its early stages and has strong growth potential over the coming decades.

The Clifford Chance team was led by partners Natsuko Sugihara and Yusuke Abe, supported by counsel Masafumi Shikakura, senior associate Hisao Ito, associates Keisuke Otsuka, Machiko Ishii, Stephanie Ohira and Taro Kono.

Clifford Chance regularly advises on market-leading renewables transactions around the world including Iberdrola on its Swedish offshore wind partnership.