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Flotta Wind Turbine

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bto's renewable energy team is pleased to report that it has recently advised Triodos Bank N.V. in a successful wind turbine project finance deal on Flotta in the Orkney Islands.

Scotrenewables (Flotta) Limited, led by Barry Johnston, has brought to financial close, and has begun construction, of a single Enercon E70 wind turbine project.

Steve Moore of Triodos said: "Barry Johnston has worked hard on the Flotta wind turbine with our support, so it’s exciting to see the project off the ground. With every new initiative the Orkney islands are developing into a key hub for UK renewables, and we’re delighted to support the local entrepreneurs who are making it happen."

This is the fifth Orkney wind project on which bto has been a lead adviser in the last 18 months. bto's team was led by James Dickson on land diligence and Ralph Riddiough on the corporate diligence, banking and finance aspects.

As well as acting for equity investors and senior and mezzanine debt providers to renewable energy projects, bto's renewable energy team currently acts for a number of developers of, and suppliers to, such projects.

Posted: 16/02/10

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