The deal sees Bond Pearce advising npower on its acquisition of a 50% stake in Greater Gabbard Offshore Winds from Scottish and Southern Energy (SSE) in a transaction valued at £308m. The firm put forward a team under Bristol-based corporate finance chief Simon Hewes, with corporate partner Paul Stone and commercial and IT chief Gareth Jones also advising.
Linklaters advised SSE on the sale, with the magic circle law firm involved for the energy company throughout the project.
Following the acquisition both utility companies will enter into a 50/50 joint venture to develop the wind farm, which is expected to require investment of around £1.3bn. The farm will sit 25 km off the coast of
The deal is part of a long list of renewable energy deals for Bond Pearce since the firm advised on the first commercial wind farm in the
