A strong track record in securing long-term renewable energy contracts helped win Bristol-headquartered Burges Salmon a major deal with supermarket giant Tesco.
Lawyers in the firm’s energy team advised leading global renewable energy developer Bayway r.e. on a corporate Power Purchase Agreement (PPA) with Tesco for a new wind farm at Inverclyde, Scotland.
Under the agreement, Tesco will buy all the electricity generated by the wind farm, pictured, at a long-term fixed price.
The PPA has been signed as part of a wider programme of investment by Tesco to meet its commitment to source all its electricity from renewable sources by 2030.
Burges Salmon head of renewables Ross Fairley, pictured, said: “We are pleased to have helped BayWa r.e. put this corporate PPA in place.
“The team here has been specialising in these types of arrangements for developers and corporates for over a decade and there is no doubt we are seeing an increasing uptake in them. With the drive to net zero we predict many more to come.”
BayWa r.e. UK managing director Gordon MacDougall added: “We were delighted to work with Burges Salmon again on this corporate PPA.
“We chose them for their track record in corporate PPAs and the energy team’s in-depth knowledge of the UK market. It enabled the BayWa r.e. team to devise practical solutions that worked for all parties.”
Ross Fairley and associate Daniel Ballard advised the wind farm project vehicle Inverclyde Renewables throughout the process.
BayWa r.e. has more than 2GW of wind and solar assets under management in the UK along with a pipeline of more than 350MW under development.