TLT advises renewable energy developer on solar partnership
TLT has advised renewable energy developer Spring on their partnership with Germany-based investor Altus GmbH, which will enable the development of subsidiary-free solar projects across the UK.
The new joint venture will allow for the development of a number of 40-50MWp subsidiary-free ground-mounted solar projects, with Spring Che Ltd bringing its extensive clean energy development experience to the partnership, having previously delivered hundreds of megawatts of clean energy projects both in the UK, and around the world.
The TLT team was led by corporate partner Antonia Silvestri and chartered legal executive Nick Rains, who advised on the joint venture agreement and associated articles. Banking partner Gary Roscoe led negotiations of the loan documentation.
Hugo House, director at Spring said: “Our mission is to enable clean growth and we are passionate about connecting people to sustainable energy and working with landowners and local communities to develop renewable energy solutions.
“Our joint venture with Altus will allow us to deliver our ambitions more quickly, and we plan to deliver 100MW of new solar PV with this deal. “We are grateful to the team at TLT for their invaluable advice and look forward to working with them again as the various projects come to fruition.”
Sascha Klos, Development Director at Altus commented: “We are pleased to be entering the UK subsidy-free solar market and look forward to developing a significant amount of projects with our partner Spring over the years to come.”
Antonia Silvestri, corporate partner at TLT said: “TLT is proud to play a role in promoting the development of clean energy projects and look forward to further supporting Spring as these developments progress. In a post-subsidy environment, we’re pleased to see partnerships like this emerging, which will help build a sustainable energy future for the UK.”