The energy sector team at Burges Salmon have advised GCP Infrastructure Investments (Gravis) in relation to the acquisition, subject to the receipt of third party consents, of a 70MWP portfolio of five operating wind farms from funds managed by Platina Energy Partners (Platina).
The wind farms were developed by Platina and connected to the grid between 2006 and 2010. They will benefit from Renewables Obligation Certificates (ROC) for another 12 years on average. The long-term non-recourse project finance with international banks and financial institutions will remain in place.
Partner Jonathan Eves led a large cross-firm team of lawyers from the corporate, banking, real estate, construction and projects teams in advising long-standing client Gravis.