Macquarie Asset Management acquires 50% shareholding in Island Green Power

Client(s) Macquarie Asset Management

Jones Day advised Macquarie Asset Management ("MAM"), via Macquarie Green Investment Group Renewable Energy Fund 2 ("MGREF2"), in its acquisition of 50% of the shares in Island Green Power Limited ("IGP"), a UK-based renewable energy developer focused primarily on the development of utility-scale solar plants. IGP has an established pipeline in the UK, Spain, Australia and New Zealand, as well as other developed economies. Concurrently with the main transaction, Jones Day also represented MAM in connection with the acquisition of a ready-to-build 65 MW solar project located in Suffolk, UK.