Affordable and clean energy
|By 2030, increase substantially the share of renewable energy in the global energy mix||Linklaters has taken the top spot in BloombergNEF’s Clean Energy League Table rankings for 2020. The deals (attributed by Bloomberg) that we advised on last year aggregate to over US$20 billion of new build investment in the renewable sector. The first modern renewables project financing (not counting large hydro) that Linklaters acted on was in 1991, raising a grand total of US$37.5 million for the financing of two wind farms in the UK. As we now look forward, we are excited by the further opportunities presented by the drive to Net Zero and share the hopes of many of our clients for a clear direction and renewed impetus coming out of COP 26.
Linklaters has advised on the construction, development and £5.5 billion project financing of the Dogger Bank A and Dogger Bank B phases of the Dogger Bank Wind Farm, owned by SSE Renewables and Equinor New Energy. The Dogger Bank Wind Farm will be the largest offshore wind farm in the world, once all three phases are complete in 2026. Located off the North East coast of England, the windfarm will be capable of powering up to 6 million British homes.