EDF Renewables’ 50% Acquisition of Codling Wind Park

McCann FitzGerald advised Hazel Shore Limited on the sale of its 50% interest in the Codling Wind Park. Pinsent Masons advised EDF Renewables.

French utility Electricité de France SA, through its EDF Renewables subsidiary, purchased Hazel Shore Ltd.’s 50% interest in the Codling offshore wind project in Ireland. 

EDF will partner with Fred Olsen Renewables Ltd. to develop and construct the project, which is located south of Dublin, 13 km off the coast of County Wicklow. Fred Olsen owns the remaining 50% stake in the facility. 

Initial development work on the project started in 2003. Once completed, the two-site facility is expected to have an installed capacity of about 1 GW. 

EDF’s acquisition was announced pursuant to the Irish government’s commitment to cut carbon emissions and accelerate the adoption of renewables to provide 70% of electricity generation by 2030.

The McCann FitzGerald’ s team was led by Valerie Lawlor (Picture), and included Rory O’Malley, Brendan Slattery and Alan Heuston. 

Paul Rice, Global Head of Energy at Pinsent Masons, and Oisín McLoughlin, Senior Associate, advised EDF.

Involved fees earner: Alan Heuston – McCann FitzGerald; Valerie Lawlor – McCann FitzGerald; Rory O’Malley – McCann FitzGerald; Brendan Slattery – McCann FitzGerald; Oisín McLoughlin – Pinsent Masons; Paul Rice – Pinsent Masons;

Law Firms: McCann FitzGerald; Pinsent Masons;

Clients: EDF Renewables; Hazel Shore Limited ;

Author: Giulia Di Palma