Info
Info
News Article

TLT Advises Renewable Energy Developer On Solar Partnership

News

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 says: "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 says: “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 says: "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."

Gary Roscoe, banking partner at TLT adds: "The clean energy market continues to show significant potential and we are seeing some very interesting developments in the wake of regulatory and subsidy changes.

"The partnership between Spring Che and Altus demonstrates that subsidy free solar is becoming not only increasingly viable, but also an attractive investment prospect for EU based investors, despite the uncertainty posed by Brexit."

TLT has advised on a wide range of JV arrangements, and is ranked 5th most active clean energy legal adviser for volume of M&A and project finance deals globally over the last 3 years by Clean Energy Pipeline. The combined value of these 129 projects was over US$1.9bn.

PV Modules With An Innovative Frame Design
ValkPro+ Mounting System Approved For Installation On Flat Roofs With ROCKWOOL Roof Insulation
Good Energy To Strike With Greta: Clean Energy Company Tells Employees To Join Youth Climate Activists
Zenobe Energy Partners With United Utilities To Bring Largest Battery To UK Water Industry
Gresham House Acquires 12MW Bumpers Battery-ready Solar Farm From Anesco
Researchers Advance CdTe Production
SolarEdge Intensifying Activity In The Japanese Market With Receipt Of JET Certification
BayWa R.e. Delivers The First Operational Solar Park Won In Malaysia’s LSS2 Auction
DCS Launches Largest EV Charging Roaming Service In The UK
Flisom Chooses LayTec For CIGS Quality Control
Waxman Energy Appoint New Southern Sales Executive
What Impact Could The Government’s New Building Regulations Have On Energy Targets?
JenaBatteries And BASF Cooperate In The Development Of Innovative Power Storage Technology
The Total Energy Storage Market Is Expected To Grow To $546 Billion In Annual Revenue By 2035
ABB To Deliver 90 Transformers To MHI Vestas’ Offshore Wind Farm In The UK
SolarEdge To Supply Enfindus With Inverters For 1GW Of European Solar Projects
Cornwall Insight Ireland: RESS Will See Projects Jostle For Limited Capacity
Improving Safety Of Lead-based Perovskite Solar Cells
Ingeteam Launches Battery Inverter With Two Solar PV Inputs
Solar Module Generates 326 W Per Square Metre
Fourth Fundraise Secured By Elgin Energy
ZSW To Delve Further Into Solar Cell Anatomy
Foresight Appoints Steven Hughes As Director And Head Of Portfolio
Cracks In Perovskite Films Easily Healed, Study Finds

Info
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the Smart Solar Magazine, the Smart Solar Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info
{taasPodcastNotification}