TLT advises Alpha Real Renewables on clean energy asset acquisition

Energy & Low Carbon Industry | Mergers & Acquisitions | Midlands | North West | South West | Wales

Bristol-headquartered law firm TLT has advised Alpha Real Renewables on the acquisition of a portfolio of operational wind and solar assets located across Wales and the North West.

The transaction comprised a portfolio of mixed clean energy technologies from individual operators, including wind farms with private wire power purchase agreements (PPAs), wind farms which export power to the grid, and a 1.2 ROC accredited solar project. The buyers are Elm Trading Group and Wind Renewables Income Fund.

This is the fourth time that TLT has supported Alpha Real Renewables with a transaction, having previously advised them on the Milborne Port Solar Farm acquisition from global solar company Canadian Solar.

The acquisition required TLT’s clean energy specialists to draw on their in-depth sector knowledge, asset know-how and understanding of the potential complexities concerning private wire PPAs. The team carried out due diligence in respect of corporate, property, planning, commercial and construction matters and advised on the corporate transaction documents.

The TLT team was led by corporate partner Antonia Silvestri and head of clean energy Maria Connolly, supported by chartered legal executive Nick Rains.

Maria Connolly, head of clean energy at TLT says: “The future outlook for the clean energy sector remains robust and there continues to be strong investor appetite for operational assets. This is likely to continue as we see more projects come through the development pipeline, particularly wind and solar but also multi-technology projects.

“The Alpha Real Renewables deal is a positive example of the message from the market – the clean energy sector will continue to drive forward the ambition of achieving net zero.”

Antonia Silvestri, corporate partner at TLT says: “We’re delighted to be able to continue to support Alpha Real Renewables as they develop their portfolio of operational assets. This transaction not only allowed the team to demonstrate its deep understanding of the market, but our robust working practices enabled us to complete the deal without disruption.”

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