We advised Enel Group S.p.A., a global energy company, on the US$2.9 billion sale of its subsidiary Enel Peru S.A.C.’s equity stake in Enel Distribucion Peru SAA and Enel X Peru SAC to China Southern Power Grid International Co. Ltd. 

The transaction enables Enel Group to continue its focus on operations in six core countries: Italy, Spain, the United States, Brazil, Chile, and Colombia.

Lawyers in our Milan office led the transaction, with support from our Beijing, Hong Kong, London, New York, and Rome offices and our antitrust, infrastructure and projects, and litigation practices.

We advised Equinor Ventures, the corporate venture capital arm of global energy company Equinor, on its Series B investment in Lithium de France, a leading independent operator of geothermal heat and lithium from hot brines located deep in the subsurface.

The investment expands Equinor’s ability to supply geothermal heat and deepens its understanding of developing technologies that deliver lithium to the global battery market.

Lawyers in our Paris office led the transaction, with support from our antitrust and private equity practices.

We advised Infracapital Partners Greenfield Fund II on its £275 million investment in Zenobē Energy Limited, a UK-based EV fleet and grid-scale battery storage specialist, in a deal which included a £700 million co-investment from KKR, valuing Zenobē at £1.3 billion.

The investment fuels the expansion of Zenobē’s bus fleet electrification and grid-scale battery storage business, delivering projects that will accelerate the decarbonization of fleet transportation and maximize the uptake of renewables.

Lawyers in our London office led the transaction, with support from our antitrust, employee benefits, private equity, and tax practices.

We advised NextEra Energy Partners, LP (NEP) on the US$1.815 billion sale of its Texas natural gas pipeline portfolio to Kinder Morgan.

The sale provides proceeds to address the equity buyouts of NEP’s STX Midstream and the NEP Renewables II convertible equity portfolio financings.

Lawyers in our Houston office led the transaction, with support from our Mexico City, New York, Northern Virginia, and Washington, D.C. offices and our antitrust, employee benefits, employment, finance, infrastructure and projects, intellectual property, litigation, and tax practices.