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The 13.8 MWp portfolio, located across England and Wales, is forecasted to generate a total of 23.6 GWh per year. The portfolio was acquired by the renewable energy and infrastructure arm of Downing Estate Planning Service and will benefit from 100% fixed revenues from feed-in-tariffs.
The renewable energy and infrastructure arm of Downing Estate Planning Service has acquired 100% of the portfolio. Downing’s internal infrastructure asset management team will be overseeing the operation and maintenance of the assets.
TLT’s future energy team advised on all aspects of the purchase, including acquisition documents and due diligence review across a multidisciplinary team including real estate, grid, accreditation and banking. The deal was led by corporate partner Antonia Silvestri supported by managing associate Peter Dunn and associate Maisie Dodds, as well as banking partner Michael Kruger, supported by Josh Swain, and head of future energy and real estate Maria Connolly and senior associate Lowri Morgan.
Corporate partner at TLT Antonia Silvestri said: “It was a pleasure to support Downing LLP on the acquisition of this portfolio, which will have a positive impact on their investors whilst also supporting the UK’s transition to net-zero.”
31 January 2024
News 16 JANUARY 2024