WFW advises VPI on 2 GW UK CCGT portfolio refinancing22 December 2025
The portfolio includes gas plants at Damhead Creek, Rye House, Shoreham and Blackburn.
The portfolio includes gas plants at Damhead Creek, Rye House, Shoreham and Blackburn.
The transaction was concurrent with CVC DIF’s acquisition of a majority stake in the company.
Due for completion in 2026, the project is Statera’s largest consented BESS project to date.
Located in Bradford, West Yorkshire, UK, the Old Allen Road project is expected to be operational by May 2027.
The project will be transmission connected and significantly increase the UK’s installed BESS capacity.
Watson Farley & Williams advised AMPYR Distributed Energy on a £170m debt facility granted by Crédit Agricole Corporate and Investment Bank.
Watson Farley & Williams advised NatWest and SMBC as lenders on a debt financing and uncommitted accordion facility.
WFW advised a consortium of lenders on the £180m debt financing of a 612 MW/1.6 GWh BESS portfolio for Constantine Energy Storage LLP.
The project is the largest co-located solar and BESS project under construction in the UK.
The acquisition includes Equinor’s 20.21% share of the Agbami offshore oil field operated by Chevron.
This acquisition is part of SMT’s strategy to expand.
We advised L&G NTR Clean Power Fund, on its acquisition, alongside the Development Bank of Japan Inc., of a 10% stake in the 714 MW East Anglia ONE offshore wind farm from Macquarie Asset Management.
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