The Corporate Energy team from independent UK law firm Burges Salmon has advised a global renewable energy producer on its acquisition of a wind and solar portfolio, which will bolster its sizeable and technologically diversified UK onshore portfolio and complement its long-established presence in offshore.
The UK portfolio now consists of a 5MW operating wind farm commissioned in 2012 with a 20-year feed in tariff and 192MW of wind projects under advanced stage of development, which will be participating in the upcoming CfD rounds and in the UK private PPA market. 347MW of projects under development, including 229MW of wind and 118MW of solar, also form part of the portfolio.
The Burges Salmon team advising on the transaction was led by partner
Camilla Usher-Clark, alongside a large team of specialists from across the firm’s 80+ strong Energy and Utilities sector practice.
Camilla says:
“We’re thrilled to have worked alongside this leader in global renewables to bring the portfolio acquisition to a successful conclusion.”