Member Article

Bond Dickinson advises on major wind farm acquisition

National law firm Bond Dickinson LLP has advised global renewable energy company RES on the sale of a portfolio of four wind farms to the asset management business of Aviva plc.

The portfolio includes Jacks Lane wind farm (six turbines, 15MW) based in Norfolk, Woolley Hill wind farm (four turbines, 10MW) located in Cambridgeshire, Den Brook wind farm (nine turbines, 18MW) located in Devon and Turncole Wind Farm (seven turbines, 17.5MW) in Essex.

Bond Dickinson’s renewable energy team, led by Corporate partner Sebastian Briggs, acted on behalf of longstanding client RES, overseeing all stages of the transaction. Further negotiations are underway between Aviva Investors and RES on the sale of a fifth UK wind farm, which Bond Dickinson is also advising on.

Sebastian said: “We are delighted to have advised RES on this significant transaction. In a challenging regulatory environment for renewable energy this deal shows that there is a strong market for quality assets.”

Based in seven offices in the UK, Bond Dickinson provides legal services across a wide range of sectors including energy, manufacturing, financial services, insurance, retail, transport, real estate and private wealth. Since the earliest renewables projects over 25 years ago, the firm has advised key energy sector clients including Scottish Power Renewables, EDF Energy Renewables, Renewable Energy Generation, Centrica and RWE Npower, as well as other major utilities such as ESBi (the Irish State power company) and other leading independents.

This was posted in Bdaily's Members' News section by Womble Bond Dickinson LLP .