A Corporate team from international legal practice Norton Rose has advised European private equity firm HgCapital on the sale of its UK onshore wind portfolio.
HgCapital has recently completed the sale of its 177 Mega Watt (MW) development portfolio, including the developer RidgeWind, to Blue Energy, a UK-based renewable energy investor and developer.
Two of the RidgeWind projects are about to become operational: Hall Farm, a 24.6 MW wind farm near Beverley, in Yorkshire, and Wandylaw, a 20.5 MW wind farm north of Alnwick, Northumberland.
Norton Rose had previously advised HgCapital on the disposal of a 102 Mega Watt operating portfolio to MEAG, Munich Re’s asset management arm, in August 2012. The sale comprised three operating wind farms – the 21.25 MW Tir Mostyn wind farm in North Wales, the 16 MW Bagmoor wind farm in Lincolnshire, and the 65 MW Scout Moor wind farm near Manchester.
The Norton Rose team was led from London by corporate partner Mauro Mattiuzzo and energy partner Simon Currie. Mauro Mattiuzzo was assisted by of counsel Sarah Tonks and associate Anna Bugden. Simon Currie was assisted by associates Conrad Purcell and Inga Aryanova.
Specialist tax advice was provided by partner Matt Hodkin, assisted by associate James Murphy. Specialist property advice was provided by partner Wasim Khan, assisted by senior associate Onni Roy, and associates Elizabeth McKillop Paley and Alex Common. Specialist advice on security arrangements was provided by partner James Stonebridge, assisted by associate Matthew Thorn.
Watson, Farley and Williams and Pinsent Mason advised Blue Energy on the acquisition of the development assets.
CMS Cameron McKenna advised MEAG on the acquisition of the operational wind farms.
Herbert Smith advised HgCapital on the property aspects of the sale of Scout Moor.
