+44 (0)24 7671 8970
More publications     •     Advertise with us     •     Contact us
 
Loading...
{megaLeaderboard}
{normalLeaderboard}
News Article

TLT advises on sale of UK’s largest solar and co-located battery developers

News

MATTHEW GRIMWOOD

TLT has advised JBM and Susgen on the sale of JBM Solar, one of the UK’s independent solar and co-located battery developers, and its 6.1GW solar and battery portfolio to RWE.

RWE is the UK’s largest power generator and one of the largest renewables developers in the country. The acquisition will significantly expand RWE’s solar and battery capabilities, becoming a top three solar developer in the UK.

The pipeline comprises of 3.8GWac of solar and 2.3 GWac of battery storage projects located in central and southern regions of England, a large proportion of which already have grid connections and land secured.

JBM is a longstanding client of TLT, with TLT’s real estate future energy team advising on the development of the entire portfolio from inception. Acting alongside Linklaters, TLT advised on all project aspects in relation to the sale.

The transaction was led by corporate future energy partner Kay Hobbs, supported by a team of 64 lawyers from the firm’s future energy team. The sale also involved cross-sector and service expertise, with all property aspects of the portfolio development and transaction led by real estate partner Matthew Grimwood and managed by James Johnson. Other key team members included Alice Gardner, Jessie Cockhill, Tom Lawrence, Ellie-Nicole Davis, Maisie Dodds, Fergus Charlton, Jo Hennessey, Teniola Jacobs and Justin Butt.

Adam Swarbrick from JBM said: “The team at TLT have been our legal advisers for many years and have supported us on each project in this market-leading portfolio, providing expert and in-depth legal advice every step of the way. Their sector knowledge coupled with their dedication and collaborative approach enabled us to achieve a smooth and efficient conclusion to the transaction and we’re grateful for the hard work.”

Kay Hobbs said: “We have advised on the development of this portfolio from inception, and we are delighted to have been the sector specialist advisors to JBM and Susgen on the sale of JBM Solar and this extensive portfolio to RWE. This is yet another of the UK’s largest portfolio transactions, which TLT has advised on. It further evidences the demand for large portfolios of good quality development assets in the UK, as well as TLT’s reputation in this sector as a market leading adviser.”

Matthew Grimwood commented: “Myself and the team have worked with Susgen and JBM for over ten years. It’s been an absolute pleasure to have been involved in this significant and diverse portfolio from inception through to its successful disposal.”


Schletter Group: 48 MWp Project in Italy
ENCAVIS Acquires Two More Solar Parks In Spain and Surpasses The Planned Expansion
Maximum profitability with KACO advanced technology for complex solar roofs
Enviromena wins contract to re-power three major solar farms ahead of the summer energy peak
New Swansea University Collaboration to Support Sustainable, Locally Manufactured Solar PV
New Swansea University Collaboration to Support Sustainable, Locally Manufactured Solar PV
Next2Sun Builds World's Largest Vertical PV Plant at Frankfurt Airport
DNV Publishes Bankability Study of Solcast Satellite Irradiance Data
Steel company SSAB switches to fossil-free energy in Italy with PV solution from Solnet
janom Investments enters the Croatian solar energy industry by investing in a 30 MW power plant project
Trina Solar Vertex S+ 505W n-type dual-glass modules enter mass production
BayWa r.e. and 3E sign partnership agreement for monitoring & analytics of global PV portfolio
Accelerating Spain's Energy Transformation: LONGi to supply Naturgy with 1 million modules in new deal
NTR announces corporate PPA with Almac Group to buy energy from Murley Wind Farm, Northern Ireland
Oxford PV sets new solar panel efficiency world record
Order Intake for the Construction of Wind Turbines in Turkey
Trilantic Europe acquires stake in AEROCOMPACT Group
Octopus Energy makes solar farm debut in Germany
Austria-based KOGA Energy, a solar EPC solutions provider, has kicked off.
Exus to acquire 625MW New Mexico solar portfolio
Capcora Accompanies SUSI Partners In Raising Senior Debt For a Polish Renewables Portfolio
Qualitas Energy acquires a 96 MW wind energy project pipeline in Germany
Nordex Group receives orders from the UK for approx. 150 MW
Trina Solar gains EPD certification from UL Solutions and EPDItaly for industry leading modules
Mandarin Oriental Hyde Park, London instals innovative solar tech to decarbonise heating
Efficiency First: The Road to Electrification
SCHLETTER Supplies Austria's Largest PV Roof System
E.ON partners with UK renewable heat innovator Naked Energy
Sonnedix signs innovative EUR500 million loan facility to finance construction of its renewable electricity pipeline in Europe and UK
Construction begins on Glennmont and Ørsted’s Borkum Riffgrund 3 offshore wind farm in Germany
ABB shores up reliable power supply at Southeast Asia’s largest floating solar plant
Sonnedix starts construction of 300MW UK solar PV portfolio

×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the Solar + Power Magazine, the Solar + Power Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in: