Burges Salmon advises ESB on acquisition of wind farm project
08 June 2010
National law firm Burges Salmon has advised Irish state-owned utility ESB on its acquisition of the Mynydd y Betws wind farm project in South Wales from Welsh renewable energy company Eco2, for an undisclosed sum.
This 15 turbine, 34.5MW wind farm near Ammanford in Carmarthenshire will generate power for nearly 20,000 homes when complete. The Mynydd y Betws site was developed by Eco2 in co-operation with local private shareholders and is fully licensed. ESB will now proceed to the pre-construction phase.
Burges Salmon advised ESB on various matters relating to the acquisition including property, planning, commons and grid connection. The Burges Salmon team was led by Julian Boswall and fellow partner, Euan Bremner, assisted by Jared Franicevic (property), Laura Whittaker (planning) and Rosie Lord (energy).
Commenting on the acquisition, Julian Boswall said: “We are delighted to have advised ESB on the acquisition of the Mynydd y Betws wind farm project, as part of the successful growth in ESB's UK wind farm portfolio."
M&A Solicitors LLP advised Eco2 in relation to the transaction.