Osborne Clarke has advised JLEN Environmental Assets Group Limited on the deal.
JLEN Environmental Assets Group Limited acquired Northern Hydropower Holdings Limited (“NHHL”) for a total consideration, including working capital, of £4.74 million. NHHL owns 100% of the equity in Northern Hydropower Limited, which in turn holds the rights to two operational hydro projects, including a co-located operational battery storage system at one of the sites. The assets are located in Yorkshire and Cornwall.
Both hydro projects are accredited under the 20-year Feed-in-Tariff scheme.
This acquisition increases the total capacity of renewable energy assets in the JLEN investment portfolio to 304.7 MW.
Partner Matthew Bodfield (Picture), Associate Director Alex Underwood and Associate Sarah Mitchell from Osborne Clarke’s Corporate team advised JLEN. The team were supported by Partner Dave Kerr (Real Estate), Partner Matthew Germain and Associate Director Caroline Bush (Environment), Partner James Watson and Associate Director Amy Stray (Energy) and Partner Carl Thompson (Construction).
Involved fees earner: Matthew Bodfield – Osborne Clarke; Caroline Bush – Osborne Clarke; Matthew Germain – Osborne Clarke; Dave Kerr – Osborne Clarke; Sarah Mitchell – Osborne Clarke; Amy Stray – Osborne Clarke; Carl Thompson – Osborne Clarke; Alex Underwood – Osborne Clarke; James Watson – Osborne Clarke;
Law Firms: Osborne Clarke;
Clients: JLEN Environmental Assets Group Ltd;