NI: TLT among top clean energy advisers globally
UK law firm TLT has been ranked among the most active clean energy advisers in the world by Clean Energy Pipeline magazine.
The global league tables put TLT at number four for the volume of M&A deals it completed in 2017, with the firm having advised on 25 deals valued at $770 million.
The firm was also ranked eighth for the number of project and asset finance deals completed last year, advising on 20 deals worth $177m.
Notable projects include advising Santander on the first debt funding facility for energy storage in the UK, totalling £28.5 million; Renewables Infrastructure Group on a £20m investment in one of the first large-scale energy storage projects in the UK, based in Scotland; and Triodos Bank on a £17.9m investment in two major solar farms in the south west of England.
Maria Connolly, head of energy and renewables at TLT (pictured), said: “The clean energy market has remained buoyant over the last year and we are seeing some very interesting developments as the industry evolves.
“TLT continues to attract some of the best talent in the clean energy market and our leading position is testament to the great work done across the whole team.”
Gary Roscoe, banking and finance partner at TLT, added: “The project finance market has remained strong with mature sites returning to secure longer-term funding structures – particularly those that were initially funded on an equity basis.
“In the last year, we have also seen the first debt funding for energy storage and I would expect to see more projects of this nature over the coming year.”