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Eversheds Sutherland Advises on Financing of Significant Solar Projects

  • Ireland


Leading global law firm Eversheds Sutherland is delighted to have advised Berenberg on its cross-border financing of 1.36GWp of solar projects across Ireland and the UK to be developed by Elgin Energy.

With its Head Office in Hamburg, Germany, Berenberg is one of Europe’s leading privately-owned banks, and one of the oldest banks in the world.

Elgin Energy is a full service, utility scale, solar-plus-storage developer – it has delivered 21 solar projects, totalling 230MW, before the UK Government’s Renewables Obligation (ROCs) scheme ended in 2017. In 2020, the company partnered with Foresight Group and Metka on two portfolios to deliver a total of another 276MW of UK solar projects and now has a late-stage pipeline totalling over 3.7GW across its three key markets of UK, Australia and Ireland.

The Eversheds Sutherland Irish team was led by partners Piaras Power (Banking), Stephen Barry (Planning & Environmental) and Mark Varian (Energy) and included Damian McElholm, Robert Potter-Cogan, Bronagh McAuliffe (Banking), Ciara Gunning (Property), Michael Twomey (Planning & Environmental), Phelim McGeady (Energy), and Tim Kiely and Melissa Daly (Tax). The Eversheds Sutherland UK team was led by Peter Graystone (Energy).

Stephen Barry, Partner, Planning & Environment in Eversheds Sutherland Ireland, said:

“We are delighted to support Berenberg with this cross-border transaction supporting renewables projects in Ireland and the UK. It also demonstrates our unrivalled ability to support our clients across multiple markets, utilising the skills and expertise of our global teams.”

About Eversheds Sutherland

Eversheds Sutherland is a global top 10 law firm that provides multidisciplinary legal advice and solutions to a global client base ranging from small and mid-sized businesses to the largest multinationals.

The firm has 74 offices in 35 jurisdictions worldwide, including nine in the US. The Irish offices (Dublin and Belfast), which serves as an important European hub for the firms' international client base, employ over 300 talented professionals and have a strong tradition and culture of investing in world-class people and nurturing young talent. The firm provides a full range of legal services, including corporate and M&A, dispute resolution and litigation, energy and infrastructure, data protection, insurance and financial service, employment and pensions, intellectual property, real estate and construction, and tax.

Eversheds Sutherland holds the internationally recognised ISO 27001 certification for its exemplary data protection and information security in the Republic of Ireland and Northern Ireland for its Dublin and Belfast offices. This ensures the firm follows best practices in protecting its data, improving its cybersecurity posture and business efficiency, while also ensuring that it meets legal and regulatory data protection obligations.

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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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