Burges Salmon has advised Infinis Energy plc on the sale of its hydro portfolio to Dwr Cymru Welsh Water and H20 Power Limited for £20.5 million which completed on 3 February.
A team of Corporate lawyers including partner Camilla Usher-Clark and senior associates Jonathan Eves and Tim Roberts with additional expertise provided by the firm’s Energy, Real Estate and Tax teams acted on the transaction.
Infinis has sold all of its Welsh hydro sites, totalling 14MW, to Dwr Cymru Welsh Water and the remaining hydro sites, totalling 3MW, to H20 Power Limited.
The sale will enable Infinis to focus on its core landfill gas and onshore wind businesses with the proceeds of the hydro sale being used to further develop the growth of its onshore wind portfolio in line with its existing strategy for growth.
'We were pleased to be able to put a multi-disciplinary team in place to work with the Infinis legal team on this disposal, which will enable the company to focus on its core onshore wind business,' said Burges Salmon partner, Camilla Usher-Clark.