Osborne Clarke advises Foresight on solar development joint venture with Elgin

International legal practice Osborne Clarke has advised long standing client and leading independent infrastructure and private equity investment manager Foresight on its solar development joint venture with Elgin.

Foresight Group and Elgin Energy are to develop 200MW of UK solar PV as part of a new partnership having formed a joint venture to develop the pipeline of greenfield solar projects, with a target of six projects located in England, Wales and Scotland.

The Osborne Clarke team that advised Foresight on the transaction was led by Corporate Partner Sarah Knight and Associate Director Chris Yeo. They were assisted by Senior Associates James Archer (Corporate), Bethan Moore (Project Finance), Caroline Bush (Projects), Associate Director Charlotte Walker (Real Estate), Partner Carl Thompson and Associate Will Pullan (both Construction). Support was also provided by Omar Ali, Partner at Harper Macleod (Scotland).

Foresight client partner, Matthew Lewis commented: “This is a significant transaction, not just for Foresight but for renewables in the UK more generally as we seek to hit our net-zero targets. This arrangement provides a great way of bringing together significant expertise and resource in the sector and it’s been a pleasure to work with the team on this latest transaction."

Osborne Clarke has an established and well-respected position as one of the leading law firms advising on renewable energy projects and transactions. For over 20 years, it has helped clients to seize new opportunities and meet the challenges of making energy generation clean, affordable and secure. The combination of the team’s experience and understanding of the energy sector means they are regularly called upon to support businesses on all aspects of their commercial, regulatory, corporate, finance and construction legal needs.