Skadden Arps Slate Meagher & Flom has secured a major European energy deal after landing a role opposite Clifford Chance (CC) on Calpine’s £490m disposal of its UK power assets.

The deal, which is structured primarily under UK law, sees Skadden advise US-based Calpine on the sale of its Saltend plant near Hull to IPM Eagle, a joint venture between UK power company International Power (IP) and Japanese group Mitsui.