Harper Macleod advises on £78m wind farm investment in Scotland

Harper Macleod has advised on the financial close of a £78m investment in a Scottish windfarm.

InfraRed Infrastructure Fund III has committed to invest $100m for a 100 per cent interest in Afton Wind Farm - a fully consented, construction-ready, 25 turbine, 50 MW onshore wind farm located in the south west of Scotland.

The opportunity has been acquired from E.ON Climate & Renewables who developed the project through planning consent. Construction on the project is expected to commence in the fourth quarter of 2016, with full generation anticipated at the end of 2017.

Led by partner and head of energy & natural resources David Bone, the Harper Macleod team advised on all property and planning aspects of the deal, including on the main leases, all the access and grid agreements, the planning agreements, road agreements and bonding and the various third party consents required and worked closely with the other advisers to provide Scottish input into the corporate and construction documents.

The firm will also advise the buyers beyond the completion of the transaction to ensure a smooth transition of ownership and the start of construction.

An InfraRed spokesperson said: “Harper Macleod provided excellent advice on Project Afton, helping the deal team work through complex land and planning issues under tight timetable pressures.”