CIP’s Partnership with Bute Energy

Orrick has advised Copenhagen Infrastructure Partners (CIP) on the deal.

Copenhagen Infrastructure Partners (CIP) announced its partnership with Bute Energy (Bute). As part of the transaction, CIP’s flagship fund Copenhagen Infrastructure IV K/S will invest in Bute’s portfolio of onshore wind farms and solar PV projects, some with co-located battery energy storage systems, under development in Wales.  This transaction marks a further expansion of CIP’s portfolio of investments in the UK renewable energy sector.

The Bute portfolio consists of projects at various stages of development, with the first projects expected to commence construction in 2024. In total, the portfolio is expected to have an installed capacity of over 2GW by 2030, making a substantial contribution towards meeting the renewable energy targets of the Welsh Government and the net zero carbon objectives of the UK Government.

The Orrick team included Evan Stergoulis (Picture), Simon Alsey, Adam Smith, Simon Folley, Craig Bruce, Oliver Sikora, Rebecca Grevitt, Sejal Patel, David O’Donovan and Fiona Jeffery-Sinclair.

 

 

Involved fees earner: Simon Alsey – Orrick Herrington & Sutcliffe LLP; Craig Bruce – Orrick Herrington & Sutcliffe LLP; Simon Folley – Orrick Herrington & Sutcliffe LLP; Rebecca Grevitt – Orrick Herrington & Sutcliffe LLP; David O’Donovan – Orrick Herrington & Sutcliffe LLP; Sejal Patel – Orrick Herrington & Sutcliffe LLP; Oliver Sikora – Orrick Herrington & Sutcliffe LLP; Adam Smith – Orrick Herrington & Sutcliffe LLP; Evan Stergoulis – Orrick Herrington & Sutcliffe LLP;

Law Firms: Orrick Herrington & Sutcliffe LLP;

Clients: Copenhagen Infrastructure Partners;

Martina Bellini

Author: Martina Bellini