25 Feb 2021 | 09:34 am |
Multinational law firm Pinsent Masons has advised NTR PLC on the acquisition of a 54MW portfolio of co-located solar and battery storage projects in County Wexford, Ireland, from renewable energy developer RES.
A long-standing client of Pinsent Masons, Dublin based NTR acquires, constructs and manages sustainable infrastructure assets including renewable energy projects. Over its lifetime, NTR has developed, constructed and operated over 2,700 MW of wind, solar and energy storage projects in Europe and the USA.
The Pinsent Masons team acting on the transaction was led by Head of Projects Ireland Garrett Monaghan and comprised a multidisciplinary team including Ciaran McNamara, Kevin Collins, Louise Davison, Oisín McLoughlin, David Ross, Sarah Hope, John Scanlon, Matthew Mooney and Anton Trofimchenko.
Commenting on the deal Garrett Monaghan said, “With the combination of solar and storage we worked closely with NTR's technical and commercial teams to address the transaction's unique characteristics. This deal is another example of Ireland’s large scale solar ambitions and the sector's significant increased activity; we are currently working on in excess of 1GW in Irish solar and renewables development, M&A and project financing. We are also seeing rapidly increasing sophistication and diversity in the Irish generation mix and offtake structures."
Manus O‘Donnell, Chief Investment Officer of NTR said, “This mix of solar and battery storage brings much-needed diversity of renewables technology onto the Irish grid, and we expect to see more co-location of solar and battery storage throughout Europe.”
Key Contacts
Pay gap reporting highlights the value and importance of our drive to promote diversity and inclusion. This year we have opted to report on our disability pay gap for the first time as we underscore our commitment to belonging and inclusion and strengthen our network groups to encourage and champion change for all of our people.
Multinational law firm Pinsent Masons has advised global fund administrator Sanne Group on the first specialised depositary licence to be granted by the Central Bank of Ireland, further enhancing Sanne’s capabilities in Ireland and its multi-jurisdictional proposition for alternative fund managers.
Multinational law firm Pinsent Masons has provided the legal advice in a set of new reports recommending the latest innovation in the burgeoning technology of data trusts.
Multinational law firm Pinsent Masons has advised Diamond Transmission Hornsea One Limited (DTP Hornsea One) on the £1.175bn acquisition and financing of the transmission assets relating to the 1218MW Hornsea One offshore windfarm from Hornsea 1 Limited (Hornsea 1).
Multinational law firm Pinsent Masons has advised the joint lead managers in relation to a £250m sustainability bond issued by Aster Group to develop new affordable homes.
Multinational law firm Pinsent Masons has advised the Bank of China and a syndicate of 11 banks on the project financing of the USD$1billion Xiamen Xiangyu integrated stainless steel plant located in South Sulawesi, Indonesia.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]