Renewables and alternative energy

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Driven by international climate change commitments, government policy, regulatory requirements and energy security concerns, investment in renewable energy projects and related infrastructure is growing exponentially.

We advise clients across the full spectrum of renewable energy and understand the commercial and technical issues underpinning offshore and onshore wind farms, solar, biomass, energy-from-waste, batteries, biofuels, hydrogen, marine power and cleantech projects, across Europe, Africa, the Middle East and Latin America.

How we can help

Our team have considerable experience of advising clients within the renewables and alternative energy sector. We advise clients on the full breadth of energy transition-related opportunities from a project financing and development, M&A, joint venture, construction and dispute resolution standpoint. Our services also include:

Structuring and project development
Project financing
Risk identification and mitigation for developers, offtakers, suppliers and lenders
Acquisitions and disposals
IPOs
Fund formation and investment
EPC, BOP and O&M contracts
Power purchase agreements
Grid connection agreements
Fuel supply agreements
Equity arrangements
Live project contract assistance
Dispute resolution

Experience

Hydrogen

Jericho Energy

Advised Jericho Energy on its equity investment into Supercritical Solutions, a hydrogen technology company, alongside Lowercarbon Capital and New Energy Technology as co-investors.

The sellers of Arcola Energy

Advised the sellers of Arcola Energy, a systems engineering company, on the company's acquisition by Canadian listed company Ballard Power Systems. Arcola Energy, based in the UK, specialises in hydrogen fuel cell powertrain and vehicle systems integration.

UK hydrogen developer

Advising a developer on an innovative hydrogen production and fuel supply project in Wales. The circa £40 million project involves the construction and operation of a hydrogen production facility at a major production facility. The hydrogen will be used to power both the production facility and its fleet of forklift trucks and lorries. The energy used to produce the hydrogen will be from onshore wind and solar making this project an entirely green energy solution. There is the capacity to produce and sell excess hydrogen to the wider local market.

UK green hydrogen developer

Advised a green hydrogen developer in pre-feasibility negotiations for a 2MW green hydrogen facility in northern England and full feasibility study negotiation for a 5MWhydrogen facility.

Hydrogen developer

Advised a hydrogen developer on entering into several collaboration agreements with project parties.

A major European energy company

Advised on the implementation of novel low carbon hydrogen energy generation projects.

Solar

Fabricom

Advised on its successful entry into the UK solar PV market and now advising on projects across the UK and EU.

NextEnergy Solar Fund (the largest LSE-listed renewable energy fund)

Advised on the £100 million financing of five operational solar farms and on the £150 million refinancing of a further 21 operational solar farms across the UK.

Lightsource Renewable Energy Limited

Advising Lightsource in relation to the development of over 30 ground-mounted solar farms exceeding 250MW capacity, a combination of Lightsource's own projects and projects that Lightsource has acquired from third parties.

Yellow Door Energy Limited

Advising this UAE-based sustainable energy provider on a US$50 million revolving construction facility deal with Arab Petroleum Investments Corporation. The financing will be used to develop solar photovoltaic plants across the MENA region, with a key focus on Jordan and Pakistan.

InfraCo Africa Limited

Advised on the procurement of solar panels and batteries for a micro-grid project in Sierra Leone. This project involves providing power assets for 21 unelectrified communities in the southeast of Sierra Leone.

Funds and ECM

GCP Infrastructure Investments Limited

Advised this FTSE 250 investment company focussed on investment in UK infrastructure debt, including on the renewal of its annual placing programme which subsequently raised £170 million to invest in UK infrastructure projects.

Gore Street Energy Storage Fund plc

Advising on the IPO of the first listed UK pure play energy storage fund. The company invests in a diversified portfolio of utility scale energy storage projects primarily located in the UK.

Premier Miton Global Renewables Trust plc

Advising this investment company focussed on investment in the global renewable sector, on its renewal of its financing through its zero-dividend preference share class.

Octopus Renewables Infrastructure Trust plc

Advising Peel Hunt on the IPO of Octopus Renewables Infrastructure Trust plc, which raised £350 million at launch, the second largest investment company IPO in the London market in 2019.

Renewable Energy Generation Ltd

Advised on the £25 million launch of its renewable energy fund on London's Alternative Investment Market and related wind farm projects in the UK, Canada and Poland.

Offshore and onshore wind

Major offshore wind generation project

Advising on the terms of an EPIC contract for a major wind generation project; including in particular terms to address interim payment requirements to account for the installation over two building seasons.

UK Offshore wind immigration rules

Advised on substantial cost overrun and delay issues following the material failure of a key transmission cable during construction phase of an offshore wind farm project in the North Sea.

Cable lay and sub contracting

Advising on the appropriate terms and then issues arising from delay in start up to a series of subsea cable laying contracts in support of a wind farm and other renewable projects in UK and Norwegian waters.

Unexploded ordinance-delays

Advising contractor clients in relation to the provision to them of inadequate UXO survey data, delay in provision of survey data, remedies for lack of safe access, additional remuneration for modifications necessary due to potential UXO contacts, including obtaining expert evidence on best practice.

Defects Liability Insurance

We assisted EPIC contractor client to design, draft and place cover with London insurers to cover the risk of design defects and defects in materials and construction arising within the guarantee period.

Met mast decommissioning

Advising the Contractor in relation to a contract for the decommissioning and disposal of a met mast. Interesting aspects included delay liability clauses in the context of the decommissioning of a non-producing asset.

Transportation of wind farm structures

We advised vessel owners and their liability insurers when MPs and TPs they were transporting to site were damaged by a crane collapse.
Our deep understanding of CAR policies and their interaction with charter party liability wordings enabled clients to resolve the claims against them and to access the policy cover.

ENGIE Fabricom

Advised on the contract for construction and delivery of plant and materials to Dong Energy for the Burbo Bank offshore wind project.

Czech Republic

Advised on the development and financing of the €1.1 billion wind farm development of wind farms in Eastern Europe. This is the largest onshore wind farm in Europe.

SIIF Energies

Advised on a €243 million loan facility for wind farms in Portugal (200MW).

Bank of Tokyo Mitsubishi, Royal Bank of Canada and BNPP

Advised on the financing of a 200 MW portfolio of operational and to be constructed wind farm projects in the UK, France and the ROI.

N.V. Nuon Energy

Advised Nuon on the disposal of a wind farm in Shantou, People's Republic of China.

Quiet Revolution

Advised on contracts to integrate novel vertical axis wind turbines into commercial and mixed-use developments.

Asia Development Bank, the Indian Renewable Energy Agency and DZ Bank

Advised on two wind power projects run by Tata Power Company Limited.

Energy from waste and biomass

North London Waste Authority

Advised on this £3 billion PFI project to dispose of municipal waste in North London and now advising on its Heat and Power Project, a ten year programme to build a new Energy Recovery Facility at the Edmonton EcoPark in Enfield.

Iona Capital

Advising on the development and construction of a series of biomass CHP projects.

Covanta

Advised on a 50:50 joint venture, with Green Investment Group (GIG) to develop, fund and own energy-from-waste (EfW) projects in Ireland and the UK.

Energy storage solutions

Highview Enterprises

Advised on the development of a new cryogenic energy storage and supply source.

Gore Street Capital

Advised a solar project fund established by Gore Street Capital to acquire and operate a number of energy storage projects in the UK. The fund has holdings in 9 energy storage projects, with a market capitalisation of £78 million.