Global legal practice Norton Rose Fulbright has advised Scira Offshore Energy Limited, a joint venture company owned equally by Statoil ASA and Startkraft AS, on the £193 million disposal of the transmission assets of the 317 MW Sheringham Shoal wind farm. The transmission assets have been acquired by the Blue Transmission consortium, comprising of Macquarie Capital, Barclays Infrastructure Funds, Mitsubishi Corporation and Frontier Power.

Sheringham Shoal wind farm is an 88 turbine wind farm located off the north Norfolk coast. Ofgem, the UK energy industry’s regulator, appointed the Blue Transmission consortium to take ownership of the transmission assets following a competitive tender under the Offshore Transmission Owner (OFTO) regime.

The Norton Rose Fulbright team advised Scira Offshore Energy in relation to the OFTO regime and disposal of the transmission assets and in relation to Scira Offshore Energy Limited providing operation and maintenance services to the buyer.

London based energy partners Mauro Mattiuzzo and Richard Hill led the team advising on the corporate and project and construction aspects of the transaction respectively, with support from Kate Freeman and Helen Tovey. Partner Caroline May advised on the environmental aspects of the transaction supported by Lucy Bruce Jones and Andrew Roycroft provided tax advice.

Allen & Overy advised the Blue Transmission consortium. The transaction closed on July 5, 2013.