TLT has advised Fengate Capital, a Canadian investment management firm, on the acquisition of two solar parks in the UK.
The sites – a 7.1MW site at Roanhead, Cumbria and a 38MW site at Raventhorpe, Scunthorpe - are the first UK projects in Fengate Capital’s renewable energy portfolio. Together they have the capacity to power over 12,500 homes.
The TLT team was led by banking and finance partner, Gary Roscoe and included corporate partner John Wood; construction partner, Neel Mehta; real estate partner, Maria Connolly; banking associate, Peter Skeen; corporate solicitor, Nicole Spurling; and banking solicitor, Ben Kumordzie.
TLT’s Gary Roscoe said: "In a sector that is facing challenging times, a deal of this size sends a clear message to investors that there are significant and viable opportunities in the UK’s solar industry.
"We’re delighted to have advised Fengate Capital on all aspects of the acquisition and bank financing process."
Mac Bell, vice president and project manager for Fengate Capital, said: "To have completed our first acquisition of two renewable energy projects in the UK is fantastic. The specialist support provided by TLT proved invaluable in getting a complex acquisition and funding structure successfully completed."