Norton Rose Fulbright advises Greencoat UK Wind PLC on equity offering and acquisition of eight wind farms

Business December 5, 2017

Global law firm Norton Rose Fulbright has advised Greencoat UK Wind PLC (Greencoat UKW), the leading listed renewable infrastructure fund, in connection with a £340 million equity offering which forms part of Greencoat UKW’s new share issuance programme and the acquisitions in 2017 of eight wind farms:

  • five wind farms (80% stake in Deeping St Nicholas – 16.4MW, Red House – 12.3MW, Glass Moor – 16.4MW, Red Tile – 24.6MW and Bicker Fen – 26.7MW) from EDF Energy Renewables for a total consideration of £98 million;
  • two wind farms (North Hoyle – 60MW and Slieve Divena – 30 MW) from institutional investors advised by JP Morgan Asset Management for a total consideration of approximately £105 million; and
  • Bishopthorpe wind farm (16.4MW capacity) from BayWa r.e. for a total consideration of £47 million.

Norton Rose Fulbright has advised on all seven of Greencoat UKW’s fundraisings. Greencoat UKW has a market capitalisation of approximately £1.25 billion and joined the FTSE 250 in September 2016 (under four years after its establishment and IPO in 2013). The most recent transactions are the first deal with EDF representing a third major utility partnership alongside Innogy and SSE.

Michael Newell led the team on the share issuance programme and equity raise, assisted by associate Rickard Lilliestierna. The acquisition team was led by partner Stephen Rigby and included senior associate Keith Law and associate Alex Wills.

Norton Rose Fulbright provides the full spectrum of legal services in the renewable energy sector, including advice and representation with respect to project development and financing, new supply, negotiation of power purchase agreements, acquisition of project facilities, and all related commercial and regulatory issues.

For further information please contact:

Louise Nelson, Senior PR Manager
Tel: +44 (0)20 7444 5086; Mob: +44 (0)7909 684 893

Notes for editors:

Norton Rose Fulbright

Norton Rose Fulbright is a global law firm providing the world’s preeminent corporations and financial institutions with a full business law service. The firm has more than 4,000 lawyers and other legal staff based in Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia.

Recognized for its industry focus, Norton Rose Fulbright is strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare. Through its global risk advisory group, the firm leverages its industry experience with its knowledge of legal, regulatory, compliance and governance issues to provide clients with practical solutions to the legal and regulatory risks facing their businesses.

Norton Rose Fulbright operates in accordance with its global business principles of quality, unity and integrity, aiming to provide the highest possible standard of legal service in each of its offices and to maintain that level of quality at every point of contact.

Norton Rose Fulbright Verein, a Swiss verein, helps coordinate the activities of Norton Rose Fulbright members but does not itself provide legal services to clients. Norton Rose Fulbright has offices in more than 50 cities worldwide, including London, Houston, New York, Toronto, Mexico City, Hong Kong, Sydney and Johannesburg. For more information, see