Linklaters has advised on each of the first three offshore transmission projects in the UK market to reach financial close, reinforcing the firm’s market-leading reputation in the renewables and wider energy sector.
Linklaters advised a consortium of Transmission Capital Limited, Amber Infrastructure and International Public Partnerships (together, Transmission Capital Partners) in relation to the acquisition and financing of the offshore transmission assets connecting the 90MW Barrow wind farm to the onshore distribution network. Earlier this year, Linklaters also advised the same consortium on its successful acquisition of the offshore transmission assets for both Robin Rigg and Gunfleet Sands.
Transmission Capital Partners is rapidly emerging as the market leader in the offshore transmission market, having been awarded preferred bidder status on four out of the nine projects awarded to date. Building on this success, Transmission Capital Partners has also qualified as a bidder for all of the projects forming part of the next tender round being, London Array (Phase 1), Lincs and Gwynt-y-Mor. Linklaters continues to advise Transmission Capital Partners on each of these projects.
The Linklaters team was led by energy & infrastructure partners, Charlotte Morgan and Richard Coar in London.
Richard Coar, a partner in Linklaters’ Energy & Infrastructure group, said:
"We are delighted to have assisted Transmission Capital Partners in successfully closing the first three offshore transmission acquisitions in the UK, especially considering the challenging market conditions. The financing of offshore transmission assets will be critical to the successful delivery of the offshore generation targets both in the UK and across the rest of Europe. We are looking forward to continuing our close relationship with Transmission Capital Partners in this rapidly developing new market and to closing the Ormonde project in the following weeks."
ENDS
For further information, please contact Rupert Winlaw on +44 20 7456 3219
Notes to editors
Linklaters LLP is a leading global law firm, supporting clients in achieving their strategies wherever they do business. We use our expertise and resources to help clients pursue opportunities and manage risk across emerging and developed markets around the world.
Linklaters is a market leader in renewable energy financing and acquisition transactions both in terms of experience and global coverage. We have dedicated renewable energy practitioners in the UK, New York, France, Germany, Spain, Portugal, Italy, Moscow, CEE, Dubai, China, Tokyo, Thailand, Singapore and Brazil.
The firm's Global Energy & Infrastructure Group which, with more than 150 lawyers, is one of the world’s largest, has unparalleled experience of advising sponsors, funders, governments and ECAs on the financing, development and acquisition of projects in the energy, natural resources and infrastructure sectors. Our practice covers the full range of infrastructure transactions, including: roads, airports; bridges & tunnels; health; education; defence; ports; rail; stadiums; telecoms; oil & gas; LNG; clean energy; nuclear; power; refining and petrochemicals; mining and water.
