Pinsent Masons advises Malaysia-based Tenaga Nasional Berhad (TNB) on first international offshore wind investment

22 Oct 2021 | 10:21 am | 1 min. read

Multinational law firm Pinsent Masons has advised Malaysian utility, TNB and Vantage RE, its UK/European arm, on its acquisition of a 49% stake in the offshore wind farm company Blyth Offshore Demonstrator Limited (BODL) from EDF Renewables.

BODL comprises of assets including five turbines with a total installed capacity of 41.5MW and further development rights for a floating offshore wind project of up to 58.4MW, located off the Northumberland Coast, England.

TNB is the largest electricity utility in Malaysia with a presence in the UK amongst other countries.

The Pinsent Masons team was led by Ian McCarlie and Brian Thumath with key support from James Todd and Steven McKinley.

Commenting on the transaction, Ian McCarlie: “This acquisition is strategically important for TNB as they look to grow renewables energy capacity to 8.3GW by 2025. The UK continues to be an attractive region for offshore wind M&A activity, with the maturing market providing more opportunities for investors from development through to operational stages. Blyth is unique in that it spans across all lifecycle stages, from the already operational offshore wind farm, to the opportunity to participate in the development of the floating offshore wind project.”

Brian Thumath added: “This partnership is a real example of how players are looking to work together in differing regions with a view to developing diversified renewables businesses which will drive global energy transition. We are delighted to have been able to act for TNB, on their maiden investment in UK offshore wind and to grow our relationship with them from SE Asia to Europe, supporting them on their journey to increase their renewable energy capacity.”

Latest press releases

Show me all press releases

Pinsent Masons advises PIC on £132m buy-in of Tomkins 2008 pension scheme retirement benefits plan

Pinsent Masons advises PIC on £132m buy-in of Tomkins 2008 pension scheme retirement benefits plan.

Pinsent Masons advises on Umicore’s € 591 million sustainability linked note fundraising

Multinational law firm Pinsent Masons has advised various institutional investors in relation to Umicore’s € 591 million sustainability linked note fundraising.

Pinsent Masons advises Alveo on its sale to Symphony Technology Group

Pinsent Masons has advised the shareholders of Alveo, including funds managed by Sovereign Capital Partners (SCP), on its sale to Symphony Technology Group (STG).

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons advises Statkraft on landmark partnership with Copenhagen Infrastructure Partners 

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.

Pinsent Masons acquires sustainable finance consultancy Morgan Green Advisory

Multinational law firm Pinsent Masons has expanded its Climate & Sustainability capability through the acquisition of international sustainable finance specialists, Morgan Green Advisory.

Pinsent Masons reappointed to Ørsted’s UK legal panel

Multinational law firm Pinsent Masons has been reappointed to Ørsted’s UK legal panel.

For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on

+44 (0)20 7418 8199 or 

Location contacts

We are processing your request. \n Thank you for your patience. An error occurred. This could be due to inactivity on the page - please try again.