Bristol law firm Burges Salmon has strengthened its position as one of Europe’s top legal advisors in the fast-growing clean energy sector by working with German global solar energy group Belectric on the sale of three UK solar projects.
The schemes – two in Warwickshire and one in Kent – were sold by a joint venture between Belectric and German firm First Solar to Foresight Solar Fund and community benefit solar group Big60Million. Between them, the three can produce 34MW of energy.
Burges Salmon recently advised Belectric’s UK arm on the acquisition of the 41MW Wroughton Airfield Solar Park near Swindon from a joint venture between Swindon Council and the Science Museum Group.
Earlier this year the firm advised Belectric on the sale of solar projects in Oxfordshire and Buckinghamshire to Foresight. Burges Salmon has now worked on more than 400 solar projects – a track record that has earned it the number one position in a deals tables compiled by online daily news and data service Clean Energy Pipeline for the second year in a row.
It ranked seventh in the table for its project finance sector work, both by number of deals (10) and their aggregate value ($1.19bn), and seventh for the value of deals it completed ($794m).
The Burges Salmon team on the recent Belectric disposals was led by corporate finance partner Richard Spink and senior associate James Pinney, with assistance from lawyers from the firm’s real estate team.
Richard said: “We are very pleased indeed to have helped with Belectric on three further solar transactions, following our work on the Wroughton acquisition and the disposals to Foresight earlier this year.”
