Slaughter and May advised UK Green Investment Bank on its acquisition of a 20% interest in Scira Offshore Energy Limited, which owns Sheringham Shoal offshore windfarm, for an agreed valuation of £240 million. UK Green Investment Bank acquired its interest from Statoil Petroleum AS and Statkraft UK Limited who have each retained a 40% interest in Scira Offshore Energy Limited.

Sheringham Shoal is a 316.8MW offshore windfarm located off the coast of Norfolk which generates over 1.1TWh of net renewable electricity annually and has been operational since October 2012.

CONTACTS

Corporate and Commercial: Helen Griffiths (partner), James Wyatt (associate), Daniel Tan (associate), Rachel Breitenbach (associate); Tax: Jeanette Zaman (partner), Ed Milliner (associate).