Dentons has successfully advised Pathfinder Clean Energy (PACE Group) on a £46 million investment secured through convertible bonds from RGREEN INVEST, a Paris-based investment firm. This funding will significantly advance PACE’s development pipeline in the UK, facilitating the construction of several innovative clean energy projects.
Joe Byron Evans, a partner in Dentons’ Banking and Finance team, emphasized the importance of this investment for PACE, noting that it represents a major advancement in the company’s efforts to support the UK’s transition to clean energy. He stated that the funds will expedite the deployment of solar and energy storage initiatives, directly contributing to the UK government’s net zero targets.
PACE has established itself as a prominent clean energy developer and investor, with a global portfolio exceeding 3 gigawatts (GW) across the UK, Canada, Poland, and New Zealand. The capital from RGREEN INVEST will bolster PACE’s construction capabilities, ensuring the timely rollout of projects that enhance the UK’s renewable energy landscape.
The Dentons team, led by Joe Byron Evans, included experts from various sectors within the firm, demonstrating a collaborative approach to facilitate this transaction. This investment not only supports PACE’s growth but also reinforces the UK’s position as a leader in renewable energy solutions.
As the clean energy sector continues to evolve, partnerships like this are essential for driving forward innovative projects that will meet future energy demands while adhering to sustainability goals.
