WFW Supports Invenergy in Financing Pencloe Wind Farm in Scotland
Key Ideas
  • Watson Farley & Williams advised Invenergy on the financing of the Pencloe onshore wind farm in western Scotland, a key project in the UK.
  • The financing included various facilities such as term loan, debt service, and letter of credit, showcasing a significant investment in clean energy.
  • Invenergy operates renewable energy projects globally, including in the Americas, Europe, and Asia, focusing on wind energy, hydrogen, and storage facilities.
  • The WFW London Energy team, led by Henry Stewart, played a crucial role in advising Invenergy, contributing to the UK's clean energy transition.
Watson Farley & Williams (WFW) provided legal advice to Invenergy for the financing of the Pencloe onshore wind farm in western Scotland, which stands as Invenergy's largest developed project in the UK. The financing package encompassed various components like term loans, debt service, VAT, and letter of credit facilities, signaling a significant investment in clean energy infrastructure. Invenergy, along with its affiliated entities, is actively engaged in developing, constructing, and operating large-scale renewable energy projects worldwide, with a focus on clean energy sources like wind power, hydrogen, and storage facilities in regions spanning the Americas, Europe, and Asia. The WFW London Energy team, under the leadership of Global Energy Sector Head Henry Stewart and Head of the London Projects Group, played a pivotal role in advising Invenergy on this financing endeavor. The team members collaborated closely on different aspects of the transaction, including project finance, project development diligence, and energy regulatory matters, showcasing their expertise in the field. Henry Stewart expressed satisfaction in assisting Invenergy in this significant financing milestone, which not only contributes to the UK's clean energy transition but also enhances the country's onshore wind capabilities. This project finance deal underscores WFW's extensive experience in handling key projects within the wind energy sector and highlights their commitment to supporting clean energy initiatives in the UK and beyond.
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