TLT has worked with Ecotricity to deliver a three turbine wind park located at Alveston in South Gloucestershire.
The 6.9MW project, which became operational in December 2017, is expected to provide enough clean energy to power more than 3,000 homes every year for the next 30 years.
The site is novel in that it has also recently received planning permission for a 10MW battery storage project. The wind and storage projects are expected to use a shared grid connection, to make more efficient use of the available capacity and enable Ecotricity to balance supply and demand.
TLT advised Ecotricity on real estate aspects of the site over a number of years including the drafting and negotiation of all land documentation. This included multiple option agreements, leases, easements and provisions to cover the bespoke "wind plus storage" element of the development. TLT also conducted the real estate and planning due diligence on the construction financing of the project.
The TLT team was led by real estate partner Matthew Grimwood and planning partner Katherine Evans.
Tom Cowling, general counsel at Ecotricity, says: "We have been working on this site for several years so we were delighted to announce its completion. It was a pleasure working with TLT’s team who are clean energy specialists who understand what it takes to get a project like this over the line. I am very grateful for all of their hard work and commitment."
Matthew Grimwood, partner at TLT, adds: "This is a landmark site in the clean energy market, both regionally and nationally, and we see huge potential for combining clean energy with storage to help unlock the benefits of clean energy moving forwards. We are pleased to have helped and worked alongside Ecotricity’s legal and other teams to deliver a site that not only supports local energy requirements now, but also has wider implications in terms of grid balancing and maximising the efficiency of renewable energy assets."
TLT worked with Regen and other sponsors to launch a new report on the energy storage market in November 2017, called 'Energy Storage: The Next Wave'.
