White & Case Advises Siemens Financial Services on Investment in Brazilian Solar Power Developer Brasol
1 min read
Global law firm White & Case LLP has advised Siemens Financial Services (SFS), the financing arm of Siemens, on its acquisition of a 49 percent stake in Brazil-based solar developer Brasol Participações e Empreendimentos S.A. (Brasol). Brasol is a distributed solar generation company that provides Energy-as-a-Service (EaaS) solutions to businesses across Brazil.
Brasol was created as a result of Brazilian regulatory incentives promoting small-scale renewable energy-based distributed generation (DG) closer to the end-user. DG is usually not a commercial option for traditional thermal power plants—fired by coal, gas or oil—but is rapidly growing because of key benefits it provides including lower costs and greater reliability with a lower environmental impact than traditional methods of power generation. DG in Brazil already has surpassed 3 GWs of installed capacity and, according to the Brazil Energy Research Office (EPE), is expected to grow five- to tenfold in the next decade.
Siemens is a global powerhouse focusing on the areas of electrification, automation and digitalization. One of the world's largest producers of energy-efficient resource-saving technologies, Siemens is a leading supplier of systems for power generation and transmission as well as medical diagnosis. In infrastructure and industry solutions, the company plays a pioneering role.
The White & Case team was led by partner Bill Parish and included associates Joseph Castelli (M&A) and Michael Rodgers (Tax), all in Houston.
For more information, please speak to your local media contact.