Bristol-headquartered national law firm TLT has been ranked among the most active clean energy advisers in the world.
Global league tables produced by Clean Energy Pipeline magazine put TLT at number four for the volume of merger and acquisition deals it completed in 2017, with the firm having advised on 25 with a total value of $770m. 
It was also ranked eighth for the number of project and asset finance deals completed last year, advising on 20 deals worth $177m.
Notable projects included advising Santander on the first debt funding facility for energy storage in the UK, totalling £28.5m; The Renewable Infrastructure Group on a £20m investment in one of the first large-scale energy storage projects in the UK, based in Scotland; and Triodos Bank on a £17.9m investment in two major South West solar farms.
TLT head of energy and renewables Maria Connolly said: “The clean energy market has remained buoyant over the last year and we are seeing some very interesting developments as the industry evolves.
“TLT continues to attract some of the best talent in the clean energy market and our leading position is testament to the great work done across the whole team.”
Banking and finance partner Gary Roscoe added that the project finance market remained strong with mature sites returning to secure longer-term funding structures – particularly those that were initially funded on an equity basis.
“In the last year, we have also seen the first debt funding for energy storage and I would expect to see more projects of this nature over the coming year,” he said.
TLT corporate partner Kay Hobbs said the M&A activity had remained strong and there had been considerable investment in the secondary market with some of the largest deals the industry closing in 2017. This trend is continuing as more projects are consolidated into portfolios, she said.
TLT acts for all parties including developers, banks, equity investors, contractors and suppliers and has advised government departments on the implementation and operation of energy efficiency and renewables policy.
The global league tables rank the most active investors, law firms, financial advisers and project debt finance arrangers in the global clean energy sector.
