Pinsent Masons on £2.6 billion financing of Beatrice offshore wind farm

13 Jun 2016 | 03:57 pm | 1 min. read

International law firm Pinsent Masons has advised Beatrice Offshore Windfarm Limited on the £2.6bn financing and construction procurement of its 588megawatt, 84 turbine wind project located in the Moray Firth.

The project is funded by 13 commercial lenders, the European Investment Bank (EIB) and the Danish export credit agency Eksport Kredit Fonden as well as SSE Renewables, Copenhagen Infrastructure Partners and SDIC Power.

With offshore construction expected to start next year, the Beatrice wind farm represents the largest single investment in an offshore wind project by the EIB to date.

Pinsent Masons advised on the consenting, CfD, energy market regulatory and health and safety aspects of the project.

Beatrice was the first commercial scale offshore wind farm to be consented in Scottish waters and is now the first to reach financial close.  It is the largest project to reach financial close under the CfD regime.  Once constructed, it will produce enough clean energy to power 450,000 homes.The Pinsent Masons team advising on the deal was led by, energy and infrastructure partner, Gordon McCreath working with partner Chris McGarvey, senior associate William Park and associates Emma Reid and Ronan Lambe.

Commenting on the deal Gordon McCreath said:

"Having advised Beatrice through numerous challenges to the successful grant of consent in 2014, it's great to see it now set to become a reality. Throughout our advice on consenting and ecology, licence and CfD issues, health and safety and now property, it's been a real pleasure to help this market-leading project come to life.  Some of the innovative approaches taken have the potential to not just benefit the project, but the offshore wind industry generally."  

Latest press releases

Show me all press releases

Pinsent Masons advises Ocean Winds on exclusive offshore wind joint venture with Bord na Móna

Multinational law firm Pinsent Masons has advised leading global offshore wind energy developer Ocean Winds on a partnership with Ireland’s climate solutions company Bord na Móna to develop projects that will generate up to 2.3GW of clean and renewable electricity to power up to 2.1million homes by 2030.

Pinsent Masons wins three awards at the British Legal Awards 2022

Multinational law firm Pinsent Masons won M&A Team of the Year (medium deal), TMT Team of the Year and Litigation & Dispute Resolution Team of the Year at the British Legal Awards 2022.

Supporting Young Lives initiative supports vulnerable children

Multinational law firm Pinsent Masons is spearheading the annual toy drive, Supporting Young Lives, to support vulnerable and disadvantaged children as the firm gears up to mark International Children’s Day 2022.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons advises Ocean Winds on exclusive offshore wind joint venture with Bord na Móna

Multinational law firm Pinsent Masons has advised leading global offshore wind energy developer Ocean Winds on a partnership with Ireland’s climate solutions company Bord na Móna to develop projects that will generate up to 2.3GW of clean and renewable electricity to power up to 2.1million homes by 2030.

Pinsent Masons advises Photon Energy N.V. and Bankhaus Scheich Wertpapierspezialist AG on EUR 55m GREEN bonds

Multinational law firm Pinsent Masons has advised Photon Energy N.V. and Bankhaus Scheich Wertpapierspezialist AG on the issuance of EUR 55m 6.50% GREEN bonds due 2027.

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

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.

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 unknown error occurred, please input and try again.