16 Nov 2012 | 10:00 am |
International law firm Pinsent Masons has advised Barclays Infrastructure Funds (BIF), the London-based asset manager, on a significant investment in the Black Hill Wind Farm in the UK.
The 22 turbine wind farm in the Scottish Borders was developed and constructed by leading renewable energy company RES.
Pinsent Masons says the deal is the latest evidence of heightened investor interest in operational wind farm infrastructure.
Ian McCarlie, a Partner and Energy specialist at International law firm Pinsent Masons who led the Pinsent Masons team advising on the deal, says:
"We are delighted to have acted upon this transaction. A number of investors are looking at new markets and assets which have predictable yield. Infrastructure funds, pension funds and some private equity houses are increasingly likely to focus on operational wind farm infrastructure. This is positive news for the market in terms of the deployment of new capital.
“However we would note caution over the uncertainty regarding electricity market regulatory reform. The current deployment of capital represents, in part, an appetite to invest before the scheme changes to something less predictable. We would urge the Government as a matter of urgency to clarify its energy policy, and its support for renewables and onshore wind, so that investors can have long term confidence in the UK market.”
Barclays Infrastructure Funds has raised six funds since 1996 and has some £1.2 billion of funds under management.
RES will continue to manage the day-to-day operation of the wind farm as well as the community benefit fund.
Multinational law firm Pinsent Masons has appointed partners Johanna Weißbach and Christian Schmidt as litigation partners in their Dispute Resolution Group in Munich, where they will both focus on clients within the Financial Services and Advanced Manufacturing & Technology sectors.
Multinational law firm Pinsent Masons has announced 17 new partners in its 2020 promotion round as it promotes outside of traditional legal services for the first time.
International law firm Pinsent Masons was listed in the top tier for 3 categories in a recent survey conducted by Asian-mena Counsel’s In-House Community to identify Firms of the Year 2019 for the second consecutive year.
International law firm Pinsent Masons has hired Phillipa Beck to expand the firm's Construction Advisory & Disputes team in Australia.
International law firm Pinsent Masons has advised Statkraft on the installation and operation of Ireland's first grid-scale battery storage project as part of the hybrid battery-and-wind Kilathmoy initiative.
International law firm Pinsent Masons has advised global energy company BP on its investment in energy management tech specialist R&B
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on