Stephenson Harwood LLP has advised mylight150 in securing €100 million to accelerate the expansion of its solar self-consumption and smart energy management solutions in Europe. The funding round is co-led by Eiffel Investment Group, Azora Capital and Andera Partners, with existing investor Elevation Capital Partners also participating.
mylight150 is a French cleantech company based in Lyon, and a pioneer in energy transition specialising in the design and distribution of smart energy management systems and solar self-consumption solutions (the ability to monetise and optimise surplus production of solar energy). mylight150 aims to make solar power the primary source of energy across Europe and sustainably reduce the energy bills of European homes and buildings by increasing the use of this innovative technology.
"With electricity consumption expected to continue to rise over the next decade, there is a growing need for not only increasing production but also reducing consumption and cost," said partner Guillaume Briant, who led the Stephenson Harwood team on the deal. "We are pleased to have acted on this significant funding to assist mylight150 in its expansion, which will enable mylight150 to help address these challenges. This transaction once again demonstrates Stephenson Harwood’s deep expertise in the decarbonisation and clean energy sector, one of our firm's key areas of focus."
A Paris-based team advised mylight150 and its founders on both the corporate and tax aspects of this deal. Guillaume Briant led the corporate team supported by managing associate Ali Hilass and associate Ghita Filali. Partner Omar El Arjoun and associates Elise Najjar and Marine Blondeau provided tax advice.
