Watson Farley & Williams Advises RGreen Invest on PACE Investment
Watson Farley & Williams (WFW) has successfully advised RGreen Invest, a French investment management company, on its investment in Pathfinder Clean Energy (PACE) through the INFRAGREEN V fund.
Investment Highlights
- Total Investment: €100 million in primary bond issuance.
- Purpose: Accelerate the construction of nearly 400 MWp of solar and over 200 MW of battery storage assets in the UK over the next two years. It will also advance a broader development pipeline that includes clean data center projects.
- Development Pipeline: PACE boasts over 3 GW of global development projects across the UK and international markets.
Company Background
- RGreen Invest: Based in Paris, B Corp-certified, with over 15 years of experience in energy transition financing and managing over €3.6 billion in investments.
- PATHFinder Clean Energy (PACE): Founded in 2017, PACE focuses on clean infrastructure development and investment, operating in the UK, continental Europe, Canada, and New Zealand.
Legal Team
The legal advisory was provided by a cross-border WFW Energy team:
- Lead Advisor: Daisy East (London Projects Partner)
- Support Team: Included senior associates and associates across various specialties, such as bond, corporate, real estate, employment, regulatory, and tax law.
Daisy East commented on the transaction, emphasizing its innovative financing approach and the significance of flexible capital in driving the European energy transition.
This investment underscores a strong partnership and collaboration among various stakeholders in the clean energy sector, showcasing a commitment to sustainable infrastructure development.
