SGH Martineau has supported the sale of Dudgeon Offshore Wind (DOW) while acting for UK energy company, Warwick Energy and Danish wealth manager Accunia.
Bought by Norwegian firms Statoil and Statkraft which will own 70 per cent and 30 per cent shares respectively, the sale covers the Dudgeon Offshore wind farm project located 32km off the coast of North Norfolk.
The development has a capacity of up to 560MW, which will go some way to helping meet the UK’s renewable energy targets for 2020 while potentially creating hundreds of jobs.
Warwick Energy is an established client of both the firm’s highly regarded energy and corporate teams. The SGH Martineau team, led by corporate partner Richard Wrigley supported by tax specialist Ollie Gutman, energy expert Neil Budd and assistant solicitor Emma Bryant, was appointed for this latest project due to the firm’s strong track record delivering on time and within budget.
Corporate partner Richard Wrigley said: “We’re delighted with the successful outcome of this project, which we helped achieve through our combined expertise in both the corporate and energy spheres. Wind farm developments such as Dudgeon will play an important contributory role in pushing this country towards its renewable targets.”