Law firm Bond Dickinson, which has an office in Newcastle, has advised on the £10m sale of a windfarm in Cornwall.
The company worked with long-standing client Renewable Energy Generation Limited (REG) on the sale of its 12MW operational wind farm at Goonhilly Downs to a fund managed by BlackRock.
The transaction sees REG receiving net cash proceeds of £10.6 million, with BlackRock assuming project debt of £14.5m.
REG will continue to manage operations at the wind farm.
Energy partner Sebastian Briggs, who lead the Bond Dickinson team, said: “We are delighted to have worked with REG on this new deal. This sale is a clear sign of the strength of the partnership between REG and BlackRock, which launched in January this year.”
Chief executive of REG, Andrew Whalley said: “It was great to work again with the Bond Dickinson team on this deal. They continue to impress us.”