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Media Releases
2010

05 February
2010

Shepherd and Wedderburn Advises SMart Wind Limited on Successful Round 3 Offshore Bid

Leading UK law firm Shepherd and Wedderburn has advised SMart Wind Limited on the 4GW Hornsea Zone awarded in Round 3 of the UK offshore wind development.

SMart Wind Limited is a joint venture company, equally owned by Mainstream Renewable Power and Siemens Project Ventures GmbH. 

Shepherd and Wedderburn advised on SMart Wind Limited’s successful bid to be awarded the Hornsea Zone off the Humber Estuary, one of the nine Zones outside UK Territorial waters made available by The Crown Estate as part of Round 3.

A 10-strong team from Shepherd and Wedderburn’s Energy, Planning, Property and Corporate Finance practices was involved in the successful bid, which was announced on 8 January 2010.

Stephen Gibb, partner at Shepherd and Wedderburn, led the team. He said: “This is one of the most significant deals in the UK energy sector and we are pleased to be involved in the delivery of such a positive outcome for SMart Wind Limited.”

Notes

SMart Wind Limited is a project development company led by Mainstream Renewable Power (www.mainstreamrp.com) and Siemens Project Ventures (SPV), a division company of Siemens Financial Services (www.siemens.com/finance). SMart Wind Limited was established in 2009 to develop the wind farms in the Hornsea zone off the north-eastern coast of England following a bidding process led by The UK Crown Estate (see: www.thecrownestate.co.uk/round3). The two companies bring together their expertise in offshore wind farm development, consenting, construction, operations and maintenance as well as large-scale infrastructure project financing. Learn more: www.smartwind.co.uk.


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