Ashurst advised Kyotherm on the acquisition of a 155 MW operational portfolio

Ashurst has advised Kyotherm, a leading investment platform specializing in renewable heat and energy efficiency, on the acquisition of a 155 MW operational portfolio from SDCL Efficiency Income Trust (SEIT). The transaction, valued at approximately €120 million, marks a transformative step in Kyotherm’s journey to lead the industrial and building decarbonisation market.

This acquisition integrates 11 high-quality contracted, fully operational projects across six key markets: the United States, the United Kingdom, Ireland, Portugal, Sweden, and Singapore. The assets span biomass, geothermal, cogeneration, and energy savings. All projects are backed by long-term contracts with a diversified base of blue-chip industrial and commercial end-customers.

The Ashurst team advising Kyotherm was led by Yann Alix and Mark Barges (Partners), with support from Gaspard Bastien-Thiry (Counsel) in Corporate/M&A, Nicolas Saba (Associate) and Orphée Janaud (Associate) in Projects and Energy Transition in Paris, Jacklin Molla (Associate) in Projects and Energy Transition in the United Kingdom, Wes Strickland (Partner) and Nathan Chen (Associate) in Projects and Energy Transition in the United States, and George Kho (Associate Director) and Yixi Wang (Associate) in Corporate/M&A in Singapore.