EDF Renewables UK’s Strategic Partnership With Vantage RE Ltd

In UK CMS Cameron McKenna Nabarro Olswang LLP, advised on the matter.

CMS Cameron McKenna Nabarro Olswang LLP advised EDF Renewables with a team including Russell Hoare (Competition Law), Danielle Heath (Corporate M&A), Doug Land (Picture – Corporate M&A), Louise Dalton (Energy & Infrastructures), Hugo Coetzee (Finance), Joel Vertes (IP&IT), Robin Hutchison (Real Estate), Aaron Fairhurst (Tax M&A and Deal Advisory).

EDF Renewables UK, a subsidiary of the French utility company, Électricité de France (EDF), signed a strategic partnership with Vantage RE Ltd (Vantage RE), a wholly-owned subsidiary of Malaysian utility Tenaga Nasional Berhad (TNB) which owns, operates and manages TNB’s portfolio of renewable energy assets in Europe. 

Vantage RE has acquired a 49% stake in offshore wind farm company Blyth Offshore Demonstrator Limited (BODL) from EDF Renewables UK, by way of a share purchase agreement. This new partnership between EDF Renewables UK and TNB marks TNB’s entry into the international offshore wind market, as BODL currently owns offshore wind assets off the coast of Blyth – situated in Northumberland, England. 

EDF Renewables UK remains the majority shareholder and owns a 51% share in BODL which includes the existing 41.5 MW wind farm and the development rights for the new Blyth floating offshore wind farm project which will have a capacity of up to 58.4MW. 

EDF Renewables will also continue to provide asset management services to the existing operational wind farm and to lead the development of the floating offshore project.

The CMS team was led by Corporate partners Doug Land (Picture) and Danielle Heath and senior associate Michael Carroll. The extensive team advising on the transaction included Corinna Lee and Liviu Giuran (Corporate); Louise Dalton, Tom Forman, Freddie May and Sabrina Polito (Energy); Toby Commander (EPC); Aaron Fairhurst and Jason Todd (Tax); Russell Hoare and Lucy Charatan (Competition); Robin Hutchison, Robert Garden and Jessica Buttanshaw (Planning); Leilah Rawle and Amy Allen (Real Estate); Hugo Coetzee and Will Fenn (Finance) Joel Vertes (IP); Sarah Ozanne (Employment).

Involved fees earner: Amy Allen – CMS Cameron McKenna Nabarro Olswang LLP; Jessica Buttanshaw – CMS Cameron McKenna Nabarro Olswang LLP; Michael Carroll – CMS Cameron McKenna Nabarro Olswang LLP; Lucy Charatan – CMS Cameron McKenna Nabarro Olswang LLP; Hugo Coetzee – CMS Cameron McKenna Nabarro Olswang LLP; Toby Commander – CMS Cameron McKenna Nabarro Olswang LLP; Louise Dalton – CMS Cameron McKenna Nabarro Olswang LLP; Aaron Fairhurst – CMS Cameron McKenna Nabarro Olswang LLP; Will Fenn – CMS Cameron McKenna Nabarro Olswang LLP; Thomas Forman – CMS Cameron McKenna Nabarro Olswang LLP; Robert Garden – CMS Cameron McKenna Nabarro Olswang LLP; Danielle Heath – CMS Cameron McKenna Nabarro Olswang LLP; Russell Hoare – CMS Cameron McKenna Nabarro Olswang LLP; Robin Hutchison – CMS Cameron McKenna Nabarro Olswang LLP; Doug Land – CMS Cameron McKenna Nabarro Olswang LLP; Corinna Lee – CMS Cameron McKenna Nabarro Olswang LLP; Freddie May – CMS Cameron McKenna Nabarro Olswang LLP; Sarah Ozanne – CMS Cameron McKenna Nabarro Olswang LLP; Sabrina Polito – CMS Cameron McKenna Nabarro Olswang LLP; Leilah Rawle – CMS Cameron McKenna Nabarro Olswang LLP; Jason Todd – CMS Cameron McKenna Nabarro Olswang LLP; Joel Vertes – CMS Cameron McKenna Nabarro Olswang LLP;

Law Firms: CMS Cameron McKenna Nabarro Olswang LLP;

Clients: EDF Renewables;

Author: Giulia Di Palma