DLA Piper has advised Mitsubishi UFJ Financial Group (MUFG) on the financing of the 39.1Mw Tom Nan Clach CfD windfarm project in Scotland by Nanclach Limited, an entity managed and operated by Belltown Power Limited.

This is the second CfD supported on-shore windfarm financing that DLA Piper's Energy sector has closed in quick succession, following Nord/LB's project financing of the Coire Na Cloiche windfarm in Scotland at the end of July.

MUFG is one of the world’s leading financial groups, with total assets of approximately $2.6 trillion (USD) as of December 31, 2016. The group has a history of contributing to the development of projects that do not use fossil resources and the dissemination of renewable energy by leveraging its experience and global network and engaging in initiatives through its core business, such as project finance.

Natasha Luther-Jones, Head of Renewables (EMEA) at DLA Piper, said: "This is the second on-shore wind farm project financing we have closed in as many weeks and given the movement in Europe to auction based regimes and similar CfD type schemes, the experience our team has gained will be invaluable."

The DLA Piper team was led by Natasha Luther Jones, alongside Finance and Projects legal directors, Laura Gordon, Ben Peecock, Edwin Truesdale and Michael Greig