PARIS – Bracewell AARPI advised IAMGOLD Essakane S.A. on the 100 percent acquisition from Total Eren S.A and Chariot Transitional Power France SAS of Essakane Solar SAS, a company that operates a solar photovoltaic plant with 12-MWAC installed capacity located at the Essakane gold mine, province of Oudalan, in Burkina Faso.
This deal is particularly noteworthy as it is related to a captive solar power project. It’s one of the first of its kind in the region, combining the mining sector with the renewable energy sector.
Simon Cudennec commented: “We are glad to have been part of a transaction that demonstrates the IAMGOLD’s commitment to sustain the use of renewable energy and reduce greenhouse gas emissions in Burkina Faso.”
Paris partner Simon Cudennec led the Bracewell team, with support from Paris associate Diane Dusserre. The team was also supported in London by partner Robert Meade, and senior associates Danielle Altink and Myriam Lace.
