30 Sep 2013 | 11:46 am |
Pinsent Masons has advised London Array, a joint venture between DONG Energy, E.ON and Masdar, on the £459 million disposal of the offshore wind farm’s transmission assets to Blue Transmission London Array Limited – a consortium comprising Barclays Infrastructure Funds Management Limited and Diamond UK Transmission Corporation (a wholly owned subsidiary of Mitsubishi Corporation) – advised by Macquarie Capital. Blue Transmission London Array Limited was selected as preferred bidder following a competitive tender pursuant to the Offshore Transmission Owner (OFTO) regime
London Array, located 20km off the coast of Kent and Essex, is the largest offshore wind farm in the world. Its 175 Siemens 3.6MW turbines, which have a combined capacity of 630MW, are expected to produce enough electricity to power nearly 500,000 homes each year.
The Pinsent Masons team advised London Array in relation to the disposal of the transmission assets (including the transfer of associated construction package contracts), the OFTO regime and the arrangements for the ongoing operation and maintenance of the transmission assets. Pinsent Masons has advised London Array since 2007 and will continue to provide advice during the operational phase.
Partners John Tyerman and Melanie Grimmitt led the team advising on the corporate, projects and construction elements of the transaction supported by Jeremy Chang, Sophie Barr, Katherine Porter and Rhian Critchell. Ian Stewart and John Christian advised on property and tax respectively. Stephen Tobin supported by Steven Franklin advised on finance and security arrangements.
Key Contacts
Pinsent Masons advises PIC on £132m buy-in of Tomkins 2008 pension scheme retirement benefits plan.
Multinational law firm Pinsent Masons has advised various institutional investors in relation to Umicore’s € 591 million sustainability linked note fundraising.
Pinsent Masons has advised the shareholders of Alveo, including funds managed by Sovereign Capital Partners (SCP), on its sale to Symphony Technology Group (STG).
Multinational law firm Pinsent Masons has advised Statkraft on the sale of a 50% stake in their Irish offshore wind portfolio to Copenhagen Infrastructure Partners’ fund, Copenhagen Infrastructure IV K/S, as part of its plans to develop up to 2.2 gigawatts of offshore wind in Ireland.
Multinational law firm Pinsent Masons is advising Saint-Gobain Limitedon the sale of all its UK distribution business to the Stark Group.
Multinational law firm Pinsent Masons has expanded its Climate & Sustainability capability through the acquisition of international sustainable finance specialists, Morgan Green Advisory.
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]