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TLT provided One Planet Developments, which develops solar farms and energy storage assets in the UK, with legal support on the disposal of their portfolio. This consisted of two projects, one in Stafford and another in Aberdeen, making up 90MW of battery assets.
The assets were purchased by investor, developer and holder of flexibility assets Pulse Clean Energy, building on a recent purchase of 72MW in Manchester and a portfolio of nine existing generation sites across the UK.
TLT’s future energy team, led by corporate partner Kay Hobbs, managed by corporate associate Tom Lawrence and supported by Eleni Zinga, completed the transaction. The corporate tax team, including Mark Braude and Andree Parker provided additional support.
Kay said, “The projects had been put together exceptionally well which, coupled with the pragmatic approach by both One Planet and Pulse, made for an extremely smooth sales process. We’re delighted to see another couple of projects now move forward to construction and ultimately contribute to the transition to net zero”
Michael Campbell, head of legal at One Planet Developments said, “I’m very grateful to the team at TLT for their advice and expert turn-around, given their excellent market-knowledge of the renewables sector. This was the quickest, best run and most constructive deal I have ever been involved in.”
The disposal follows TLT’s recent success advising JBM and Susgen on the sale of JBM Solar, one of the UK’s largest independent solar and co-located battery developers, and its 6.1GW solar and battery portfolio to RWE.
03 April 2023