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Powering a new renewable energy project

  • United Kingdom
  • Global

    23-06-2020

    Eversheds Sutherland delivers renewable energy to the Island of St Helena

    Eversheds Sutherland has advised Connect Saint Helena Limited (Island of St Helena utility company) on the successful procurement of a wind farm, solar farm and battery to enable the Island of St Helena to meet its 100% renewable energy target.

    The developer, PASH Global, a subsidiary of multinational commodities trader Trafigura Group, signed a 25-year power purchase agreement (PPA) with the intention to make St Helena one of the greenest islands in the British Overseas Territories. PASH Global will manage the Island’s network and coordinate output between the different generating facilities, thereby ensuring energy security and the most efficient use of energy.

    The PPA will lead to the construction of a minigrid that comprises a 568-kWp/500-kW solar farm, a 2.7-MW wind farm and a 3.2-MWh/3.5-MW battery storage facility. According to PASH Global, this hybrid project will deliver the lowest cost power on the Island.

    The PPA aligns with the Island’s goal of increasing renewable energy production and lowering its reliance on imported fuels. St Helena also aims to become energy self-sufficient in 10 years through the use of renewables.

    Jean-Pascal, commented:

    “This is a positive and welcomed boost for the sector. Against the backdrop of COVID-19 some investors will want to play it safe, but the renewables market remains strong and there are some excellent opportunities to be had. We are pleased to have supported Connect Saint Helena on this exciting project, and look forward to working together in the future.”

    Barry Hubbard, Chief Executive Officer, Connect Saint Helena Ltd, said:

    “Eversheds Sutherland were recommended to us by another island nation that had implemented renewable energy by means of a Power Purchase Agreement.  Jean-Pascal Boutin was the Partner who drafted our PPA and negotiated the terms on our behalf. 

    “St Helena has many unique features that make doing business different and more risky than in established markets.  Jean-Pascal was instrumental in getting this deal over the line and I look forward to further support from him as the project progresses.”

    Disclaimer

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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