AIB Group plc’s £15.5 Million Facility To Edge Hydro Holdings Ltd

Gowling WLG has advised AIB Group (UK) plc, as lender, on the project financing of seven hydro power schemes in Scotland.

AIB is providing a £15.5 million capex facility to developer, Edge Hydro Holdings Ltd to part finance the construction of seven “run-of-river” hydro schemes at Dalness and Glen Etive in Scotland. The schemes will have a combined capacity of 6.5 megawatts.

The project is one of the largest privately owned hydroelectric resource projects under development in Scotland.

The Gowling WLG team was led by projects partner, Jonathan Brufal (Picture) and finance partner, Chris Brierley. Senior associates Robert Currall and Rhodri Williams were the lead associates on the project aspects and finance workstreams, respectively.

AIB was advised by Harper Macleod LLP on Scots law matters. Edge Hydro was advised by Brodies LLP.

Involved fees earner: Chris Brierley – Gowling WLG; Jonathan Brufal – Gowling WLG; Robert Currall – Gowling WLG; Rhodri Williams – Gowling WLG;

Law Firms: Gowling WLG;

Clients: AIB Group;