Energy Team advises AR Partners on the sale of its first photovoltaic projectPrint news article
A multidisciplinary team from Walker Morris has advised AR Partners Limited (ARP) on the sale of its first solar photovoltaic project to Alpha Real Renewables (Alpha) for an undisclosed sum. The 5MWp solar photovoltaic scheme is the first of several projects which ARP and Alpha intend to work together to develop.
Harry Simpson, director of ARP, said:
“The sale of ARP’s first solar scheme to Alpha provides the ideal platform from which to expand throughout 2015. At present and despite the ever changing subsidy structures, ARP are going from strength to strength and have a significant 2015 pipeline. The Walker Morris team have provided intelligent advice and have been a pleasure to do business with.”
Oliver Duke, at Walker Morris, commented:
“It is really encouraging to see ARP making such good progress with a number of different solar photovoltaic schemes at a time when support rates are continuing to reduce. This goes to show that despite a further reduction in support rates due later this year solar energy remains a viable source of renewable energy. Walker Morris’ energy team has worked on a number of these types of projects and although progressing them remains challenging, due to the many different parties involved, it goes to show that a well organised and focused team can get there in a relatively short time frame.”
ARP was advised by a team of specialist lawyers led by Judith Pike (real estate) and Oliver Duke (corporate) with support from Emma Collins (real estate).