Ernst & Young’s corporate finance team in Birmingham has a new partner.
Tony Ward, who has been with the firm since 2002, specialises in the power and utilities sector, in which he has gained 14 years’ experience, including two years with the UK’s nuclear power generator.
From his base in the West Midlands, he is responsible for UK and international sell-side and buy-side transactions in the sector, as well as provision of policy and strategic advice.
He has been working with the UK Government’s energy review team for the last two years with particular regard to new nuclear build.
He has also advised on many transactions in the sector including the sale of a power station to Scottish Power, Mitsui’s purchase of a stake in a portfolio of UK generating assets and the recent sale of Teesside Power, the UK’s largest gas-fired power station.
Mr Ward said that as security of energy supply grows in international importance his new role will also focus on developing new energy generation projects with energy companies and national governments. “As countries across the globe recognise the importance of developing strategies to ensure the reliable, diverse and low-emission generation of power to meet burgeoning demand there will be the need for huge capital investments in power infrastructure – some £1,200 billion in Europe alone by 2030.
“As a team we are ideally placed to target these opportunities and offer advice and guidance.”