Blackfinch Investments Completes Third Wind Project Acquisition

Source: www.gulfoilandgas.com 12/12/2018, Location: Europe

TLT has reunited with clean energy investor Blackfinch Investments and Santander to complete the acquisition and project funding for two additional onshore wind turbines near Kingston upon Hull, East Yorkshire. The turbines, each with a 500kW generation capacity, were acquired through Blackfinch’s renewable energy investment entity, Sedgwick Trading.

The deal forms part of Blackfinch's ambitious growth plans in the UK and continued investment in operational wind assets, this being Sedgwick’s third wind project acquisition in the past year.

In the seventh clean energy project the trio have worked on together, TLT handled all legal aspects of the corporate acquisition and the provision of debt funding by Santander.

TLT also prepared and negotiated the agreements for the supply of electricity by private wire from one of the wind turbines, including associated grid sharing arrangements.

The TLT team included Maral Nafar and Gary Roscoe (banking), Nick Rains (corporate), Matthew Grimwood (real estate) Nick Pincott (projects, infrastructure and construction) and Stuart Urquhart (commercial).

Guy Lavarack, investment director at Blackfinch Investments, says: "This is the seventh deal we have worked on with Santander and TLT – the approach works really well and is helping us to achieve our growth ambitions in the UK.

"The TLT team has worked really hard over the last few weeks to help us achieve this success, project managing everything so diligently and with great patience and stamina. We are grateful as ever for their sound advice and for coming up with the best solutions for our business."

Katie Bagshaw, director, infrastructure and renewable energy at Santander, says: "We are excited to work with TLT again and support Blackfinch with the further expansion of its clean energy portfolio in the UK. The continued growth of this portfolio and the performance of the sites to date demonstrate that this is a buoyant market, and we are looking forward to realising further opportunities to support the growing clean energy market next year."

Gary Roscoe, banking partner at TLT, says: "This deal is a further example of the continued buoyancy we are seeing in the M&A and debt finance markets for renewable projects given their long-term, stable returns and clean energy credentials.

"We are delighted to have worked with Blackfinch and Santander once again to complete this deal and ensure that this project continues to deliver operationally and strategically for them."


France >>  8/9/2022 - As the installation of the wind turbines on the Saint-Nazaire offshore wind farm is underway, Louis Dreyfus Armateurs and Tidal TransitLimited are ple...
Canada >>  8/3/2022 - Capstone Green Energy Corporation (CGRN) secured a follow-on order for two C200S high-pressure natural gas microturbine systems. The customer is a Can...

United Kingdom >>  8/2/2022 - Dagang NeXchange Berhad (“DNeX”), via its subsidiary Ping Petroleum UK PLC (“Ping”), has signed a Memorandum of Understanding (“MoU”) with Cerulean Wi...
Malaysia >>  8/1/2022 - Capstone Green Energy Corporation's distributor in Malaysia and Brunei, Sekito, has secured an order for a 200 kW microturbine-based system for an oil...

United Kingdom >>  8/1/2022 - Cadeler A/S signs new agreement with Ørsted to execute the installation of turbine foundations at the Hornsea 3 offshore wind farm. This agreement eng...
Russia >>  7/29/2022 - Concrete was poured for the first wind turbine foundation at the Trunovskaya Wind Farm in the Stavropol Krai (Southern Russia).
<...


Related Categories: Diesel Engine  Engine Parts  General  Generating Sets  Generators  Marine Diesel Engine  Power Pack  Turbines (General)  Turbines: Gas  Turbines: Hydro  Turbines: Steam 

Related Articles: Diesel Engine  Engine Parts  General  Generating Sets  Generators  Marine Diesel Engine  Power Pack  Turbines (General)  Turbines: Gas  Turbines: Hydro  Turbines: Steam 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.