TLT has advised renewable energy investment company Thrive Renewables on the real estate and planning aspects of the sale of two operational windfarms to infrastructure fund manager Equitix.
The windfarms – in North Wales and Suffolk – have generated enough clean electricity to power over 9,000 average UK homes annually and will continue under the new ownership.
Thrive will use the proceeds to build new renewable energy capacity in the UK.
The team was led by partner and head of clean energy at TLT, Maria Connolly, alongside partners Matthew Grimwood and Katherine Evans and legal assistant Grace Humphries.
Monika Paplaczyk, senior investment manager at Thrive, said: “This deal is an important part of our mission to power the transition to a sustainable energy future. TLT really understands our needs as a business – both what’s needed today and to deliver our future plans – and helped to ensured that this deal met our requirements and ultimately completed on time.”
Maria Connolly, partner and head of clean energy at TLT, commented: “Thrive and TLT both have a long heritage in the clean energy market and we are delighted to be supporting Thrive with its forward-looking approach to renewable energy generation. There is a strong secondary market for operational assets, particularly windfarms, and this is underpinning some exciting new investments across the market.”