02 May 2012 | 03:57 pm |
Pinsent Masons has advised International Power on the acquisition of the rights to develop an onshore wind farm on the Isle of Lewis in the Western Isles of Scotland. Beinn Mhor wind farm will have an installed capacity of up to 140MW which could provide around 100,000 homes with wind generated electricity.
International Power, 70% owned by GDF SUEZ, is set to develop and operate the 39 turbine wind farm by 2016. Preliminary engineering work is already underway and construction is expected to begin by 2013. Committed to improving the security of supply to the islands off Scotland, the company project supports the Western Isles transmission link to be commissioned in 2015.
Steve Riley, CEO & President of IPR-GDF SUEZ UK-Europe, commented, "This project is a positive step for us in developing a major wind portfolio in Scotland. It will provide a significant boost to the local economy as well as help to secure future UK energy supply from renewable sources."
The Pinsent Masons team advising International Power was led by Corporate Partner Farook Khan, Corporate Legal Director Gary MacDonald, Property Partner Nicholas Shenken and Planning and Environmental Partner Gordon McCreath.
Commenting on the deal Farook said, "We are delighted to have advised International Power on such a strategic acquisition. This complex transaction is another example of the increasing maturity of the renewable energy sector and Pinsent Masons' expertise in this important market."
Multinational law firm Pinsent Masons has advised DCC Energy, a division of leading international sales, marketing and support services group DCC plc, on the acquisition of WIRSOL Roof Solutions (WIRSOL), a provider of photovoltaic (PV) and battery storage systems.
Multinational law firm Pinsent Masons has advised M Group Services, the leading provider of essential infrastructure services in the UK and Ireland, on its sale to private equity house CVC.
Multinational law firm Pinsent Masons’ partner Sylvia Tonova and senior associate Chloé De Jager have been appointed as Members of the ICC International Court of Arbitration, as representatives for Bulgaria and South Africa respectively. Both new appointments are for a three-year term set to commence on 1 July 2024.
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