Lux Nova advise PNE on its sale of the Sallachy wind farm development project

unsplash-image--s1w1SguZTI.jpg

We are proud to have advised long-standing client PNE Erneuerbare Energien on its disposal of the Sallachy wind farm development in Scotland. The buyer was the Canadian renewable energy developer and investor, Boralex.

The project, currently under development, plans the construction of nine wind turbines with a height of 149.9 meters at the blade tip. The permitted capacity of the park is 50 MW.  The project obtained planning permission in April 2022, and grid connection is scheduled for 2028. The expected operating period of this park is estimated at 30 years, and the local communities are set to benefit from up to £6.5m in community benefit funds over the lifetime of the project.

The transaction was widely reported on in the industry press. 

Legal Team:

Nikola Zahariev led the transaction for Lux Nova (English law), working together with Louisa Cilenti.

Davidson Chalmers Stewart advised on property and planning law issues (Scots law).

PNE’s in-house legal team was led by Head of Legal, Dr. Jan Messer and Senior Legal Counsel, Corinna Hartmann.

Quotes

Roland Stanze; COO of PNE: “It has taken more than 10 years from the initial idea to the current sale. It's great that this long commitment is now leading to success, and that Sallachy Wind farm will now be built and operating by 2028.”

Jan Messer kindly posted on LinkedIn: “Done. Nikola Zahariev - excellent support. You are one of the few reasons to decide for English Law 👍   Corinna Hartmann great in-house support!”.