Burges Salmon advises BayWa r.e. UK on acquisition of Dalquhandy Wind Farm in Scotland
The firm has advised leading global renewable energy developer BayWa r.e. UK on the acquisition of Brockwell Energy’s South Lanarkshire wind farm.
A multidisciplinary team from independent UK law firm Burges Salmon has advised BayWa r.e. UK, the leading global renewable energy developer, on its acquisition of Dalquhandy Wind Farm in Coalburn, South Lanarkshire, Scotland, from Brockwell Energy.
Dalquhandy is one of Brockwell Energy’s key projects, owing to its good wind resource as well as its proximity to Coalburn and a grid connection point and substation.
From Burges Salmon’s Edinburgh office, Corporate Finance partner Danny Lee, supported by solicitor Niall Mackle, led the cross-sector team advising BayWa r.e. on the wind farm acquisition, with support from the firm’s Scottish Real Estate and Planning teams, and from its Energy, Power and Utilities practice in Bristol.
Christine McGregor, Legal Counsel at BayWa r.e. UK, comments: “The Burges Salmon team led by Danny Lee and Niall Mackle was excellent and their commercial and pragmatic approach made for an overwhelmingly positive experience. The team at Burges Salmon was invaluable in helping us secure this great opportunity to add another project to our UK portfolio.”
Danny adds: “It’s a pivotal time for the UK’s renewable energy sector and ambitious companies such as BayWa r.e. UK will be key to achieving carbon emission targets. This is our first corporate transaction for BayWa r.e. UK since the opening of Burges Salmon’s Edinburgh office and we are absolutely delighted to have successfully worked with Christine McGregor and her talented team to help deliver the acquisition of Dalquhandy Wind Farm.”
BayWa r.e. UK operates in the wind, solar and bio energy sectors, serving over 2.1 GW of operational solar and wind assets across the UK and Ireland. The energy solutions provider is a long-standing client of Burges Salmon, with the firm having advised the company on a number of transactions. The acquisition follows the recent work undertaken by Burges Salmon in relation to BayWa r.e. UK’s long-term corporate Power Purchase Agreement with Tesco plc for a new wind farm at Inverclyde, Scotland.