Stephen Rigby

Partner
Norton Rose Fulbright LLP

London
United Kingdom
T:+44 20 7444 3525
London
United Kingdom
T:+44 20 7444 3525
Stephen Rigby

Stephen Rigby

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Biography

Stephen Rigby is a corporate partner based in London. Stephen is regarded for his significant experience in equity investment, M&A and capital markets for clients investing in real assets in the energy, infrastructure and utilities sectors. His clients include utilities, international oil companies, pension funds, infrastructure funds, hedge funds and sovereign wealth funds. He has extensive experience in renewable energy, power and utilities, waste and transport, with a particular focus on the UK and European markets.

He joined the firm in 1991.


Professional experience

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M.A. in Law, University of Cambridge

Master's in International Business Law, University of Manchester.

  • Solicitor, qualified in England & Wales

Advised:

  • United Utilities plc - on its £100m disposal of its 70 asset renewable energy portfolio to SEEIT plc
  • Greencoat UK Wind plc - on its £400m acquisition from GIP of a minority stake in the Hornsea One offshore wind farm developed by Orsted
  • BP - on its joint venture with EnBW in relation to the development of two new UK offshore wind farms under the 2021 UK Round 4 Crown Estate seabed leasing round
  • Total Energies - on its acquisition of a majority interest in the 1GW Seagreen UK offshore wind farm from SSE plc at financial close
  • RWE - on the acquisition of the 350MW Kings Lynn CCGT gas-fired power station from Centrica
  • Hermes Infrastructure - on the acquisition of a minority interest in Energy Assets Group, the largest provider of commercial electricity and gas metering services in the UK, and on its successful exit
  • Good Energy Group plc - on its successful defence of a hostile takeover from Ecotricity Group Limited
  • Hermes Infrastructure - on its acquisition of a minority interest in the UK Viridor waste business owned by KKR
  • Greencoat UK Wind plc - on its £250m acquisition of a minority interest in Burbo Bank Extension offshore wind farm developed by Orsted from Danish pension fund PKA
  • TotalEnergies - on its JV with Simply Blue Energy to develop floating wind sites off the coast of Wales, focusing initially on the 96MW demonstration project 45km offshore known as Erebus, expected to be one of the largest floating offshore wind projects in Europe when constructed in 2027
  • Japanese utilities JERA and TEPCO - on their minority equity investments in UK energy storage developer Zenobe
  • Gore Street Capital Energy Storage Fund - on the acquisition of a series of grid scale UK battery storage projects
  • Greencoat UK Wind plc and Greencoat Renewable Income - on their joint £648m acquisition of a 49 percent interest in the Humber Gateway offshore wind farm from RWE
  • Magnetar Capital - on the acquisition of a portfolio of over 30 UK solar park projects from a range of developers and owners over an 18-month period followed by a successful refinancing and exit of the entire portfolio
  • A consortium led by China Resources Power - on the £550m acquisition of Statkraft's 30 percent stake in the Dudgeon Offshore Wind Farm, jointly developed by Statoil and Masdar
  • Hermes Infrastructure - on its acquisition of a 17.1 percent stake in Southern Water, taking its total stake to 21 percent
  • The board of Electricity North West - on its disposal by its infrastructure owner JP Morgan Asset Management
  • Victory Hill Global Sustainable Energy Opportunities Fund - on the acquisition of a new gas fired capacity market generation project with captured CO2
  • InfraRed Capital Partners - on the acquisition of a 49 percent interest in Fred Olsen's UK wind farm portfolio on behalf of The Renewables Infrastructure Group
  • Hermes Infrastructure - on its acquisition of a 50 percent stake in Braes of Doune Wind Farm from Centrica, and subsequent sale to Greencoat UK Wind plc, and its acquisition of a majority stake in Fallago Rig Wind Farm from EDF
  • Greencoat UK Wind plc - on its £350m acquisition of SSE's interest in the Walney I and II offshore wind farms developed by Orsted
  • RWE on its sale of a 10 percent interest in Gwynt Y Mor offshore wind farm to the UK Green Investment Bank
  • Greencoat Solar Fund - on the acquisition of UK solar park portfolios from Lightsource bp, Metka, Primrose Solar and others
  • A Chinese sovereign wealth fund - on its acquisition of a 49 percent stake in a large UK operating wind farm portfolio
  • Greencoat UK Wind plc - on the acquisitions of over 25 onshore and offshore wind farms since 2014 from a range of utilities and developers including AES, EdF, JP Morgan, SSE, RWE, JP Morgan and BayWa
  • Hermes Infrastructure - on its arrangements with CGN in respect of their ownership of three onshore wind farms in Sweden acquired from Aquila
  • SBM Offshore - on its JV with CIERCO, named Floventis. Floventis has received confirmation from the Crown Estate of its intention to grant seabed rights for two 100MW floating wind test demonstration sites off the coast of Wales, subject to HRA
  • Venture capital investors including Oil and Gas Climate Investments, Armstrong Energy and Sustainable Ocean Finance - in a wide range of clean tech companies developing products in the fuel cell, smart grid, solar, wind, plastic recycling, low carbon transport and energy storage sectors
  • Armstrong Energy - on the development and sale of over 20 UK ground based solar parks, and the refinancing of a portfolio of 2,000 commercial rooftop solar assets
  • IB Vogt - on the sale of its portfolios of UK and North African solar parks
  •  Marubeni Corporation - on its disposal of a 25 percent stake in Westermost Rough offshore wind farm to Green Investment Group.