National law firm TLT’s Bristol-based clean energy experts have completed on another major renewables asset deal as activity in the market shows no sign of tailing off. 
In the team’s fourth transaction for Alpha Real Renewables, it advised on the London-based investment group’s acquisition of a portfolio of operational wind and solar assets across Wales and the North West.
The acquisition included a portfolio of mixed clean energy technologies from individual operators, including wind farms with private wire power purchase agreements (PPAs), wind farms that export power to the grid, and a 1.2 ROC (Renewable Obligation Certificate) accredited solar project.
The deal, financial details of which have not been disclosed, required TLT’s clean energy specialists to draw on their in-depth sector knowledge, asset know-how and understanding of the potential complexities concerning private wire PPAs.
The team carried out due diligence on corporate, property, planning, commercial and construction matters and advised on the corporate transaction documents.
TLT previously supported Alpha Real Renewables on three transactions, including on the acquisition of Milborne Port Solar Farm in Dorset from global solar company Canadian Solar.
The TLT team on the latest transaction was led by corporate partner Antonia Silvestri and head of clean energy Maria Connolly, supported by chartered legal executive Nick Rains. 
Maria Connolly, pictured, said: “The future outlook for the clean energy sector remains robust and there continues to be strong investor appetite for operational assets. This is likely to continue as we see more projects come through the development pipeline, particularly wind and solar but also multi-technology projects.
“The Alpha Real Renewables deal is a positive example of the message from the market – the clean energy sector will continue to drive forward the ambition of achieving net zero.”
Antonia Silvestri added: “We’re delighted to be able to continue to support Alpha Real Renewables as they develop their portfolio of operational assets. This transaction not only allowed the team to demonstrate its deep understanding of the market, but our robust working practices enabled us to complete the deal without disruption.”
Bristol-headquartered TLT has been involved in clean energy for more than 20 years and has been ranked the fifth most active clean energy legal adviser for volume of M&A and project finance deals globally over the past three years by leading trade publication Clean Energy Pipeline.
