Global law firm White & Case LLP has advised funds managed by EIG on the agreement to acquire the 1332 MW Combined Cycle Gas Turbine (CCGT) power station and 49 MW battery at West Burton B in Nottinghamshire, England from EDF Energy.
"This was a complex carve-out transaction, requiring expertise across multiple practice groups," said White & Case partner Richard Jones, who led the Firm's deal team. "It also demonstrates the role of gas in the energy transition and the Firm’s strength in acting for financial investors on the acquisition of sustainable energy assets."
Headquartered in Washington, DC and with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul, EIG is a leading institutional investor to the global energy sector with US$22 billion under management as of December 31, 2020. It specializes in private investments in energy and energy-related infrastructure on a global basis and its clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the US, Asia-Pacific and Europe.
West Burton B CCGT is EDF's only gas-fired power station in the UK and has three combined cycle units with a combined output of 1332 MW, generating enough electricity for approximately 1.5 million UK homes. The West Burton battery is one of Europe’s largest battery storage assets with installed capacity of 49MW.
The White & Case team in London which advised on the transaction was led by partner Richard Jones and included partners Carina Radford, Caroline Miller-Smith, Lindsey Canning, James Johnson, Helen Joseph and Will Smith, counsel Tallat Hussain and associates Irina Kozlova, Lowrie Robertson, Katy Norman, Amy Detheridge, Wiesia Wagstyl, Verity Houlker, Jane McQuillan, Francesca MacSwiney and Alexander Miles-Dinham.
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