The CMS-LBR team recently advised Sun Africa, a leading American developer of solar projects and off-grid solutions, on a transaction to develop, build and finance numerous solar energy, mini-grid and water purification projects in the Angolan provinces of Namibe, Cunene, Cuando Cubango, Huila, Malange and Bengo. The contracts were signed on 20 June 2022, and have a total value of US$1.95 billion.
To assist Sun Africa, CMS Portugal and LBR relied on a multidisciplinary team led by Alberto Galhardo Simões (partner, CMS Portugal), which included Luís Borba Rodrigues (managing partner, LBR Advogados), Joana Brito Paulo (managing associate, CMS Portugal), Maria Figueiredo (counsel, CMS Portugal), José Maria Lobo da Costa (associate, CMS Portugal), Nadine Pinto de Andrade (associate, LBR Advogados) and Gilberto Firmino Manuel (trainee, LBR Advogados).
“It was an honour to advise on a transaction of such magnitude and importance for Angola and the Angolans, with a real and significant impact on the life and well-being of the local populations and in line with the objectives of the energy transition,” commented Galhardo Simões. “This deal also demonstrates the capacity that CMS and LBR have to provide high quality and effective advice to clients in these types of large-scale transactions on the African continent and particularly in Angola.”
Earlier this year, the CMS Lusophone Africa team, led by Galhardo Simões, and LBR, led by Borba Rodrigues, integrated a new team in CMS’s Angolan associated office. The move was part of a drive to expand CMS’s offering within Africa, particularly the Portuguese-speaking countries.
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