Linklaters advises as UK installs record levels of new offshore wind capacity
Linklaters has advised on a string of high profile renewables deals this month, in a year which sees more than 2GW of offshore windfarms become operational in UK waters during 2018.
With growth in the UK renewables sector being led by offshore wind developments, Linklaters has advised on a number refinancings, including the £1.4bn bank and bond refinancing for the 402MW Dudgeon wind park off the coast of Norfolk – which attracted an A- rating from Fitch; the refinancing for the 573MW Race Bank windfarm - the fifth biggest windfarm in the world; – and the refinancing for the 336MW Galloper Offshore windfarm off the coast of Suffolk. Linklaters previously advised on the project financing and development for all of these wind farms.
John Pickett, Energy sector leader at Linklaters, says:
“We’ve seen some significant and innovative projects this year, demonstrating a wide range of financing solutions for the investment being made in offshore wind in the UK. It’s a really exciting time, especially when you consider how much activity is in the pipeline. With technological developments and falling costs, we’re likely to see continued investment in the coming years.”