A&O Shearman advises Iberdrola France on its exclusive negotiations to sell its French onshore portfolio

The assets to be sold include 118 MW of operational wind capacity, as well as a pipeline of 639 MW of onshore wind and solar PV.

The entire transaction remains subject to the prior completion of the information-consultation processes with the relevant staff representative bodies.

Iberdrola France remains committed to the country, notably through its offshore wind activities, including the 496 MW Saint Brieuc offshore windfarm.

Iberdrola is a global energy leader, the leading wind-power producer and one of the largest electricity companies in the world in terms of market capitalization.

The A&O Shearman team was led by partner Alexandre Ancel and counsel Flora Leon-Servière, with associate Jérome Païs on M&A aspects, partner Olivier Picquerey and associate Diane Fass on employment law aspects, partner Laurie-Anne Ancenys and associate Thomas Feigean on TSA aspects, partner Charles del Valle on tax aspects, as well as partner Romaric Lazerges and associate Vianney Leroux on public law and regulatory aspects.