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Business & Economy

UK-wide solar project being made possible by North East firms

The development of 1.4 gigawatts of solar projects across the UK has taken a step forward.

Law firm Womble Bond Dickinson (WBD) has advised its client Windel Capital on a partnership via a project development agreement with Canadian Solar Inc.

The transatlantic partnership will see the two companies co-develop solar projects in key sites across Britain.

Founded in 2018, Windel Capital is a North East based private equity firm specialising in sustainable, renewable and low carbon investments.

The project development agreement with Canadian Solar will allow for the deployment of the full 1.4GW pipeline.

The WBD team advising on the transaction was led by partners Vicky McCombe and Matt Lewy and assisted by a wider team of specialist lawyers.

The team has a longstanding relationship with Windel Capital, having acted for the client on a range of renewable energy projects.

WBD’s Vicky McCombe said: “In the current challenging environment, we are pleased to have advised Windel Capital on this exciting new partnership which will develop a pipeline of solar energy-driven projects across the UK.

“Our expertise advising clients in the renewable energy sector coupled with our strong commercial credentials and understanding of our client, meant we were able to secure the best possible outcome and a smooth completion for Windel Capital.”

WBD’s energy team has been immersed in the energy and natural resources sectors for decades, giving it great depth of experience across the various different forms of energy and power.

This experience allows WBD’s energy lawyers to identify the best routes through the complex issues that affect companies operating in the sectors.

Gary Toomey, Windel Capital’s managing partner, added: “We are very excited to have closed the agreement and to be working with Canadian Solar again.

“Thank you to the Womble Bond Dickinson team who, in uncertain times, successfully completed a transaction that gives Windel the certainty to deliver on its commitment to delivering 1.4GW of sustainable, renewable low carbon energy.”