Ireland

Pinsent Masons LLP’s Dublin office has demonstrable expertise advising clients in the energy and financial sectors on the development of renewable electricity projects and on the provision of sustainability-linked financing.

In the renewable electricity sector, Garrett Monaghan is assisting renewable project developer Obton with the acquisition of in-development solar projects across Ireland, totalling a 200 MW portfolio. The firm is providing advice regarding the financing, construction, and development of the projects, which help boost the availability of renewable solar electricity in Ireland’s energy mix.

The firm is also providing asset manager Osmosis Investment Management, which invests in companies with energy-, water-, and waste-conscious strategies, with ongoing legal and regulatory advice on the establishment of EU SFDR Article 9-compliant funds, and on relevant SFDR and Taxonomy disclosures across the client’s Irish funds. 

Demonstrating expertise in green funding, the firm acted for sales group DCC on its £800m sustainability-linked revolving credit facility. The funding arrangement is tied to the client’s attainment of sustainability metrics and targets. 

Acknowledging its role in the green transition, the firm is a signatory to the UN Global Compact and has joined the Science Based Targets initiative’s (SBTi) Business Ambition for 1.5°C Campaign. Through the SBTi, the firm has validated its targets to be net zero by 2040 and to use only renewable electricity and have reduced its absolute global greenhouse gas emissions by 50% by 2030. The firm is also a member of the Carbon Disclosure Project, through which it monitors and manages its supply chain’s environmental performance.

Supporting climate action within the legal community, the firm is furthermore a member of the Net Zero Lawyers Alliance and Legal Sustainability Alliance, and has created the One Million Hours pledge, which seeks to raise one million hours of time among lawyers to provide pro bono advice on green projects and initiatives.

Spain

Integrated in the firm’s global Climate & Sustainability Advisory practice, Pinsent Masons LLP’s team in Madrid specialises in advising clients in the energy and financial sectors on innovative renewable energy projects.

Borja Martín Ariza advised Enagás on the investment in its affiliate, biogas developer Enagás Renovable, by the clean hydrogen investment platform Hy24. The investment by Hy24’s Clean H2 Infra Fund will accelerate the development of the client’s renewable-to-gas platform, whose portfolio includes a 750 MW electrolysis-capacity green gas project. 

Assisting with an innovative approach to green project finance, senior associate Javier Alagón Serrano advised FinTech platform Fundeen, which crowdfunds investment to provide environmentally sustainable projects an alternative source of funding, on the structuring of the finance for an operational 2.45 MW solar PV installation.

The firm is a signatory to the UN Global Compact and has joined the Science Based Targets initiative’s (SBTi) Business Ambition for 1.5°C Campaign. Through the SBTi, the firm has validated its targets to be net zero by 2040 and to use only renewable electricity and have reduced its absolute global greenhouse gas emissions by 50% by 2030. These targets are supported within the firm’s Climate Change & Sustainability network, which connects and empowers employees concerned with promoting environmentally friendly attitudes and operations within the firm. 

Alongside sharing green expertise through its memberships in the Net Zero Lawyers Alliance and Legal Sustainability Aliance, the firm created the One Million Hours pledge to augment climate action within the legal community. The pledge seeks to raise one million hours of time among lawyers to provide pro bono advice on projects and initiatives which aim to prevent climate change and biodiversity loss.