DLA Piper Advises Greencoat On Key Wind Farm Acquisition
18 Jul, 2014
DLA Piper has acted for Greencoat UK Wind PLC (“Greencoat”) on the acquisition of Maerdy Wind Farm, an operational wind farm project in Wales. Located in the Rhonda Valley in South Wales, the acquisition forms part of Greencoat’s strategic growth, increasing the net generating capacity by 24MW.
Greencoat invests in operational UK wind farms, and was the first renewable infrastructure fund to list on the London Stock Exchange main market. It is also the only infrastructure fund or renewable infrastructure fund based in the UK.
Greencoat prepaid the existing Bank of Tokyo-Mitsubishi UFJ project finance facility using cash and a corporate facility from three banks.
The DLA Piper team was led by partners Natasha Luther-Jones and Stephen Atkinson, with support from James Wood-Robertson, James Sargent, Laura Gordon, Andrew Clarke, Glenn Sharpe, Greg Allsop, Rosie Horsewood, Rob Cockburn and Tim Martin.
Natasha commented: “We are delighted to have acted on this transaction which was completed by the DLA Piper team in a very short timeframe. The successful outcome will only serve to enhance what is already a very strong foothold in the sector for Greencoat.”