Sidley represented Denham Capital in the sale of certain assets of portfolio company Rio Energy to Equinor. Rio Energy is a leading developer, owner, and operator of onshore wind and solar projects in Brazil with a focus on positive socioeconomic impact. The assets, which will continue to be operated by Rio Energy’s approximately 140 employees, consist of the 0.2 GW Serra da Babilônia 1 producing onshore wind farm in the north-eastern state of Bahia, a 0.6 GW pre-construction solar PV portfolio, and a project pipeline of c.1.2 GW.
The Sidley team was led by Tim Chandler (Energy and Infrastructure), Eduardo Marquez Certucha (Energy and Infrastructure), Glenn Pinkerton (Energy and Infrastructure), Austin Jacobs (Energy and Infrastructure), Zackary Pullin (Tax), and Aaron Mitchell (Tax).
