DLA Piper has acted for Greencoat UK Wind on the acquisition of Maerdy Wind Farm, an operational wind farm project in Wales. Located in the Rhonda Valley in South Wales, the acquisition forms part of Greencoat’s strategic growth, increasing the net generating capacity by 24MW.
Greencoat invests in operational UK wind farms and was the first renewable infrastructure fund to list on the London Stock Exchange main market. It is also the only infrastructure fund or renewable infrastructure fund based in the UK.
Greencoat prepaid the existing Bank of Tokyo-Mitsubishi UFJ project finance facility using cash and a corporate facility from three banks.
The DLA Piper team was led by partners Natasha Luther-Jones and Stephen Atkinson, with support from James Wood-Robertson, James Sargent, Laura Gordon, Andrew Clarke, Glenn Sharpe, Greg Allsop, Rosie Horsewood, Rob Cockburn and Tim Martin.