TLT helps Blackfinch Energy expand into renewables development

This marks a significant milestone for Blackfinch, an experienced operator of renewables projects, as it is its first self-developed new build project. 

TLT initially advised Blackfinch on the land acquisition and recently concluded the agreements for the construction and maintenance of the project with global engineering firm Grupotec Renewables, a Spanish-based contractor. 

The agreements not only had to accommodate the potential impact of Brexit but were also negotiated and completed during the coronavirus pandemic.  

Partner Nick Pincott led the team alongside associate Eleanor Cochrane and trainee solicitor Junior Mbulu. Partner Matt Grimwood previously advised on the site acquisition and lease arrangements. 

Guy Lavarack, investment director at Blackfinch, says: “We are delighted to have signed the engineering, procurement and construction contract on our first subsidy-free development for a large ground-mount solar site. This is an important milestone for the project. It also reflects how Blackfinch Energy is now actively developing new projects in its own name. 

“As a growing and acquisitive business, we continue working to meet the requirements of our investors, who are motivated to play their part in the global movement against climate change. The project will make an important contribution to the local community in Llwyndyrus as well as to the UK energy mix nationally.” 

Nick Pincott, partner at TLT, says: “We are continuing to see a real boost in the development of subsidy-free renewables, including in solar in England & Wales and wind in Scotland. 

“We are very pleased to be working with Blackfinch on their development evolution as they move from operational projects, to shovel-ready sites and this, their first self-developed new build project. 

“It was great to work with the Blackfinch team and Natural Power on yet another successful deal.”