04 Sep 2012 | 10:22 am |
Energy specialists at Pinsent Masons have advised Velocita Energy Developments Ltd, the onshore wind energy company formed in 2011 by Riverstone and its management to develop, construct, own and operate wind assets across Europe, on its strategic partnership with onshore wind developer 2020 Renewables. The deal will enable both firms to leverage their experience to develop, finance, construct and operate its onshore wind farms in the UK. The UK portfolio of Velocita will consist of 20 projects in development totalling over 450 MW and one project in construction in Wales, the Maerdy Windfarm.
Ian McCarlie who lead the PM team commented "we are really pleased to have worked with Velocita on this strategic project. Despite challenging market conditions and regulatory uncertainty it is good to see investors taking a longer term view of the market and we wish Velocita every success with it new partner in developing out the portfolio."
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