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Eversheds Sutherland Advises on Financing of Significant Solar Projects

  • Ireland

03-09-2021

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.

For more information, please contact:

Stephen Barry, Partner
Piaras Power, Partner
Mark Varian, Partner

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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© Eversheds Sutherland LLP 2023. All rights reserved. Eversheds Sutherland LLP is an Irish partnership authorised by the Legal Services Regulatory Authority in Ireland to operate as a limited liability partnership (LLP) under the Legal Services Regulation Act 2015.

Eversheds Sutherland is the name and brand under which the members of Eversheds Sutherland Limited (Eversheds Sutherland (International) LLP and Eversheds Sutherland (US) LLP) and their respective controlled, managed and affiliated firms and the members of Eversheds Sutherland (Europe) Limited (each an "Eversheds Sutherland Entity" and together the "Eversheds Sutherland Entities") provide legal or other services to clients around the world. Eversheds Sutherland Entities are constituted and regulated in accordance with relevant local regulatory and legal requirements and operate in accordance with their locally registered names. The use of the name Eversheds Sutherland, is for description purposes only and does not imply that the Eversheds Sutherland Entities are in a partnership or are part of a global LLP. The responsibility for the provision of services to the client is defined in the terms of engagement between the instructed firm and the client.