Geldards Advise Warrington Borough Council On Solar Farm
Geldards are proud to have successfully advised Warrington Borough Council (WBC) in relation to a ca. £35million transaction for the construction of a Solar PV System and Electrochemical Storage system in Cirencester.
Warrington Borough Council (WBC) is leading the way for local authorities by taking positive climate action. They hope the new solar farm will help Warrington to become carbon neutral by 2030. The electricity and revenues generated by the solar panels will be used to enable new environmental projects in Warrington as part of its green energy strategy.
The transaction to facilitate the construction of the new solar farm demanded a specialist multi-discipline team of lawyers to advise WBC. Geldards lawyers specialising in public services, commercial property, corporate and banking and finance law pooled their knowledge to provide expert advice and support for the transaction.
Advising on the EPC contract and development documents were Tiffany Cloynes and Rebecca Gilbert from the Regeneration and Public services team; Paul Hilsdon and Amy Keddle from the Commercial Property team advised on the property aspect of the transaction, including Certificate of Title; Paul Feenan from Commercial Finance advised on the Share Purchase Agreement; and Ewelina Wagiel and Karl Baranski from the Corporate team advised on the banking element of the transaction including the Facilities Agreement and security.
Commenting on the deal, Tiffany Cloynes, Partner, Geldards said:
“We were delighted to be able to advise Warrington Borough Council on this next step in their renewables journey. We relished the challenge that this transaction presented, and the successful completion of the deal is thanks to our highly skilled multi-disciplinary team.”
Warrington Borough Council Leader, Cllr Russ Bowden, said:
“The development of a new solar farm in Cirencester is an important part of our work to deliver our Green Energy Strategy and meet the aims of our climate emergency declaration, which pledges to make Warrington a net zero carbon area by 2030.
Geldards have worked extremely hard over the past few months to help complete this transaction. We are grateful for their skilful understanding of the deal and their support in helping Warrington Borough Council achieve the next step in their green vision for the future”.