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

Transactional Services group appoints two partners in Singapore

Multinational law firm Pinsent Masons has appointed Transactional Services partners Nicholas Hanna and Mark Tan, as it grows its corporate capabilities in Singapore.

Best Lawyers Germany 2020: 23 Pinsent Masons' partners ranked

Handeslblatt and Best Lawyers recognised 23 partners of multi-national law firm Pinsent Masons as Best Lawyers in Germany 2020.

Pinsent Masons hires real estate regulatory and investment partner in Germany

Multinational law firm Pinsent Masons has hired real estate funds regulatory and investment specialist Dorothee Atwell into its Frankfurt office

People who viewed this press release also viewed

Show me all press releases

WSW first place in German Public Utility Awards

A group-wide Power2Gas project within the WSW-Group was awarded first prize at the German Public Utility Awards 2019.

Pinsent Masons advises UKs largest solar park

Multinational law firm Pinsent Masons has been advising major renewables project Cleve Hill Solar Park since 2015 – which has just been granted Development Consent by the Secretary of State for Business, Energy and Industrial Strategy.

Pinsent Masons Joins Climate Bonds Partners Programme

International law firm Pinsent Masons has joined Climate Bonds Initiative's Partners Programme, an international network mobilising debt markets to tackle climate change and finance green solutions.

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