Industry News
A perfect partnership with a clean energy client
E
versheds Sutherland advises Glennmont Partners on the disposal of its 39MWe renewable
CHP plant in Sleaford. Eversheds Sutherland has advised
Glennmont Partners on the disposal of its 39MWe biomass-powered CHP plant in Sleaford, marking its final divestment from its €437m Clean Energy Fund I. Glennmont Partners, one of
the world’s largest fund managers focused exclusively on investing in clean energy infrastructure, has finalised the sale of its Sleaford plant to funds managed by Greencoat Capital. The plant uses a blend of straw and woodchip to generate power and heat, and benefits from
ROC accreditation for the next circa 15 years. Located within the ‘Grain Belt’ in
Lincolnshire, the plant provides a route-to-market for an agricultural by-product and an additional income source for local farmers. Heat generation by the plant is provided to a number of local community facilities and the plant has recently signed a new community funding agreement with the local council. A cross-practice team led by
Michelle T Davies, Partner and International Head of Clean Energy and Sustainability, advised on all legal aspects of the transaction, including the corporate disposal of the project group by way of auction sale.
The Eversheds Sutherland
corporate team included Michelle T Davies , Will Glover, Senior Associate, and Peter Graystone, Associate. The UK Finance team included Indraj Mangat, Partner, Victoria Quek, Legal Director, and Winnie Ma, Associate. The team were supported by Eversheds Sutherland’s clean energy sector group. Michelle T Davies, International
Head of Clean Energy and Sustainability, Eversheds Sutherland, said: “We are delighted to have been able to assist Glennmont with closing out its Clean Energy Fund I. Glennmont’s disposal of the Sleaford project concludes a highly successful process in which Glennmont has demonstrated its leading position in
the clean energy market. To be able to bring this transaction to signing is the result of a great team effort by Glennmont, Evercore and my team. Many congratulations to everyone.” Jerome Gautrais, Investment
Director at Glennmont Partners, also commented: “We are delighted to complete
the sale of the Sleaford Renewable Energy Plant and finalise the divestments of Glennmont’s Clean Energy Fund I. Sleaford is an important asset for us, and the cross-disciplinary team at Eversheds Sutherland has been advising us since the time of its acquisition. Their support and legal expertise was much appreciated. Congratulations to the whole team!”
Key appointments for international environmental, planning and engineering company
Environmental, planning and engineering consultancy Arcus Consultancy Services has made two senior appointments as it looks to further strengthen its UK operation. Marc Browne, an offshore wind
specialist, and Tim Wheeler, a chartered town planner with 35 years’ experience, have joined the specialist consultancy which has offices across the UK and South Africa. Arcus specialises in the
150 planning appeals. Tim has previously worked with major renewable energy developers, private consultancy and other UK Government agencies. Marc has extensive experience
renewable energy sector, particularly high-profile and often groundbreaking new developments, ranging from windfarms, solar plants, battery storage facilities, gas to grid systems, and hydrogen schemes. Projects include some of the
most significant renewable energy and infrastructure developments in Europe and Africa. Tim has extensive experience
Marc Browne 4 Forest Bioenergy Review Summer 2020
in planning and development, particularly in onshore wind, offshore wind and solar. He joins Arcus in the role of Principal Planner from the Planning Inspectorate where he determined more than
in the renewable energy sector, in particular offshore wind, along with other sectors such as marine fish farming. He joins Arcus as Offshore Development Manager, based in Edinburgh, to head up the company’s offshore wind business, and develop and direct a growing workload in this exciting and varied sector. Arcus’s Managing Director Greg
Shillabeer, who set up the York- headquartered business in 2006 and has seen it grow to over 80 staff, welcomed Tim and Marc. “As the renewable energy sector
continues to grow and develop, we are keen to ensure our clients have access to the very best technical expertise. Tim and Marc join Arcus at a very exciting time, as we provide high quality, environmental assessment services on a diverse
Tim Wheeler
range of clean energy projects, including offshore wind, onshore wind, solar, hydrogen and battery storage. “We have ambitious plans for the
next five years in terms of turnover and growth. Appointing talented and experienced people like Tim and Marc, whilst supporting the development of our existing team, is tremendously important to our business.”
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