09 Nov 2020 | 03:26 pm | 1 min. read
Multinational law firm Pinsent Masons has advised Red Rock Power Limited on the sale of 50% of the Inch Cape Offshore Wind Farm development and subsequent joint venture with ESB.
Once complete, the wind farm will generate approximately one gigawatt of electricity, powering up to a million households, and be one of Scotland's largest single sources of renewable energy. The project envisages up to 72 turbines located 15 km off the Angus Coast and will connect to the National Grid at Cockenzie, East Lothian.
Edinburgh-based renewable energy company, Red Rock Power will work with ESB, Ireland's state energy company, to further develop, construct and operate the project.
The team at Pinsent Masons was led by energy partner Ian McCarlie and corporate legal director Brian Thumath with support from the firm’s construction and regulatory specialists.
Commenting on the deal, Ian McCarlie, said: "With the backdrop of COVID -19 and wider economic challenges, this is a confidence boosting transaction for the Scottish renewables industry. The project will provide significant clean energy supply, boost the local economy and employment opportunities and play an important role in supporting the UK's net zero ambition. We are pleased to have played a role in this landmark project and to have supported the Red Rock team on this important transaction”
Brian Thumath said: "There is no doubt that this transaction marks another significant milestone for the project and more widely for the Scottish renewables sector’s contribution to tackling climate change.
"M&A transactions continue to facilitate partnerships in the offshore wind sector, partnerships and joint ventures which are fundamental to driving development and delivery of projects of this scale."
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.
Multinational law firm Pinsent Masons has advised propco investor LDC Care Homes and its asset and investment manager Elevation Advisors on the migration of a care homes portfolio from Four Seasons Health Care Group (FSHC) to new operators.
Multinational law firm Pinsent Masons has advised Teva Pharmaceuticals’ subsidiary, Actavis Group PTC, on the successful €84m sale of a suite of consumer healthcare products to Karo Pharma AB (Karo).
Multinational law firm Pinsent Masons has been appointed to the UK Government's new Trade Law Panel in an international consortium with BakerHostetler in the USA, and Fasken in Canada, to advise on international trade law disputes.
Multinational law firm Pinsent Masons has won Belt and Road Deal of the Year and Overseas Deal of the Year awards for the firms work on the Red Sea Tourism Mega Project in Saudi Arabia and Mexico City's Subway Line Construction Project respectively.
Multinational law firm Pinsent Masons has hired infrastructure partner David Ulbrick to its team in the Perth office.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on