-
- Anonymous on Heat pumps’ HFC emissions add 20% to their carbon footprint
- Anonymous on UK is poorest recycler in Europe
- Anonymous on What does the future hold for tidal power?
- Anonymous on RCD campaign launched to cut electrification deaths
- Anonymous on Utility company offers grant system
- Anonymous on Bees are vital to life on earth
- ecoadmin on UK holiday accommodation goes even greener
- ecoadmin on Supermarket's new tree strategy
- ecoadmin on Reykjavik University goes ''key-free''
- ecoadmin on Long range weather - September, October and November
- ecoadmin on Green makeover help’s city centre church save money
- ecoadmin on The National Trust launches legal challenge against landmark wind farm decision
- ecoadmin on Smart meter potential is ignored by 75% of people says E.ON’s research
- ecoadmin on New £25 million grant for biomass, heat pumps and solar thermal
- ecoadmin on Glass extension utilises solar control products
- Heat pumps’ HFC emissions add 20% to their carbon footprint
- UK is poorest recycler in Europe
- What does the future hold for tidal power?
- RCD campaign launched to cut electrification deaths
- Utility company offers grant system
- Bees are vital to life on earth
- UK holiday accommodation goes even greener
- Supermarket's new tree strategy
- Reykjavik University goes "key-free"
- Long range weather - September, October and November
- Emailed to your inbox!
- 4ecotips Poll
Loading ... - Recent Searches
- Tag Cloudair source Bill Gates building control carbon emissions climate change concrete DECC doors energy energy bills energy efficiency energy saving environment feed-in tariffs fuel poverty gas boilers glass grants Green Deal heating Heat pumps homeowners homes insulation kitchens performance photovoltaic recycling refurbishment renewable energy renewables roofs Saniflo saving money slates smart meters solar solar energy Solar panels sustainability tiles water windows wind turbines Zero carbon
Sun shines on corporate finance team’s solar suggestion
Birmingham and London law firm, Martineau, has completed one of the largest private equity investment programmes in the UK solar sector while acting for established city-based fund manager Octopus Investments.
The law firm has already advised Octopus on ten individual solar photovoltaic (PV) projects – a mix of roof and land based schemes – located across the UK, with further projects currently underway. Individual investments ranged in size from £2m to £15m. Each of the projects benefits from subsidies under the government’s feed-in tariff scheme, and will be fully built and connected to the grid ahead of the forthcoming changes which come into effect in this month (August).
With a combined capacity of around 50 MW, the projects will go some way to helping meet the UK’s renewable energy targets for 2020.
Martineau’s team was led by Kavita Patel, who commented: “This was a groundbreaking deal in more ways than one. With the government announcing its fast track review of solar feed in tariffs, we were acting under extremely tight deadlines to get these deals to financial close. And the project management challenges inherent in these types of multi-project deals are not to be underestimated. I’m confident we’ve helped deliver a fantastic deal for Octopus and helped push the UK towards its renewables targets.”
Octopus partnered with leading solar developer, Lightsource, for all of the schemes and worked with a variety of green energy suppliers and specialist contractors.
Andrew Whitehead, Martineau’s head of Energy, commented: “As a market-leading Energy practice, with a wealth of experience in the wind energy sector, it’s gratifying to have played a key role in this significant solar deal. I think this is a great demonstration of the role private equity has to play in the success of the UK’s renewable energy programme.
More information: www.martineau-uk.com
One Response to “Sun shines on corporate finance team’s solar suggestion”
ecoadmin says:
Apparently, this is just one of many similar schemes on Martineaus books, funded in a variety of ways!