Innova Sells Stokeford Solar Farm to Schroders Greencoat in High-Profile Deal
Deal News | Jan 10, 2025 | TLT
National law firm TLT has provided legal counsel to Innova, a renewable energy company, regarding the sale of the Stokeford Solar Farm in Dorset to Schroders Greencoat. As a high-profile transaction, TLT's involvement encompassed various aspects, such as the sale of Stokeford's Project SPV and management of complex grid arrangements with Alaska Wind Farm. This project marks ongoing collaboration between Innova and TLT, reflecting previous ventures aimed at bolstering the UK's renewable energy landscape, including strategic partnerships and asset sales.
Sectors
- Renewable Energy
- Legal Services
Geography
- United Kingdom – The location of the Stokeford Solar Farm and the principal operations of TLT and Innova, partaking in contributing to the UK's renewable energy targets.
- Europe – Expansion region for Schroders Greencoat, relevant due to its significant impact on European renewable infrastructure development.
Industry
- Renewable Energy – The development and management of utility-scale energy solutions including solar and wind projects, highlighting the sector's growing role in global energy supply.
- Legal Services – Provision of advisory and due diligence services for complex transactions, emphasizing cross-practice expertise in areas such as corporate, grid, and property matters.
Financials
- Not Disclosed – No specific financial details regarding the transaction value were disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Innova | Target Company | Company | A renewable energy company focusing on innovative, multi-technology, utility-scale solutions. |
| Schroders Greencoat | Bidding Company | Company | A global manager specializing in pureplay renewable infrastructure. |
| TLT | Legal Advisor | Company | A national law firm providing comprehensive legal services for this transaction. |