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DONG Energy - proposed disposal of a 50% interest in the Westermost Rough offshore windfarm

01 Apr 2014

Slaughter and May advised DONG Energy on its proposed disposal of a 50% interest in the 210MW Westermost Rough offshore windfarm to a joint venture established between Marubeni Corporation and UK Green Investment Bank plc, and on the terms of certain related financing, construction management, operations and maintenance and power purchase arrangements.

The Westermost Rough offshore windfarm is currently in construction off the coast of Yorkshire. It is expected to be the first large-scale commercial windfarm to deploy Siemens' 6 MW direct drive turbines.

CONTACTS

Corporate and Commercial: Tim Pharoah (partner), David Bicknell (partner), Murray Cox (associate), Richard Todd (associate), Clare Halliday (associate), James Wyatt (associate), Jamie Macpherson (associate), Sarah John (associate), Crystal Chan (associate) and Jamal Saleh (associate); Tax: Tony Beare (partner), Thomas Jarvis (associate)

Matter Type
Asset Sale: Seller's Counsel
Industry
Energy & Utilities
News Category
Energy, Utilities & Natural Resources
M&A