TLT has advised on ten ground-mounted solar share acquisitions for NextEnergy Solar Holdings III Limited in the last four months, totalling a significant 52.6MWp and £58.5m.
NextEnergy Solar Fund is an active investor in the ground-mounted solar market and continues to have ambitious plans to expand its portfolio across the UK and Europe.
This round of acquisitions included the Henley, Gilleys Dam, Low Bentham, North Norfolk, Axe View, Pickhill, Wasing, Flixborough, Hill Farm and Forest Farm solar projects, stretching all the way from Cornwall to Yorkshire.
TLT supported NextEnergy across all workstreams including corporate transactional, real estate, planning, grid, offtake and construction. TLT’s extensive private wire experience was of particular importance in respect of the Gilleys Dam project, which represents NextEnergy’s first private wire project with a long-term take-or-pay PPA with a commercial offtaker.
The team was led by corporate partner Kay Hobbs, solicitor Adam Kean and chartered legal executive Nick Rains, with support from partners Maria Connolly and Matthew Grimwood, legal director Kerri Ashworth and solicitor Anthony Lindley in the real estate team; solicitor Andrew Russell in the construction team; partner Katherine Evans and legal directors Debbie Reynolds and Fergus Charlton in the planning team; and commercial legal director Stuart Urquhart.