< Back to insights hub


WFW advises L&G NTR Clean Power (Europe) Fund on acquisition of minority stake in East Anglia ONE offshore wind farm16 May 2024

Watson Farley & Williams (“WFW”) advised L&G NTR Clean Power (Europe) Fund (the “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. The Fund is a joint partnership between NTR and Legal & General Investment Management, one of Europe’s largest asset managers and a major global investor. The transaction was completed by NTR, a leading renewable energy specialist, on behalf of the Fund.

The Luxembourg-based Fund invests in clean power infrastructure assets across wind, solar and energy storage, putting private capital to work to help drive Europe’s decarbonisation and energy security agenda.

Located 43km off the Suffolk coast in the North Sea, East Anglia ONE spans 300km2 and has the capacity to generate enough energy to power the equivalent of 630,000 homes each year.

The WFW London team advising on the transaction was led by Global Energy Sector Head Henry Stewart and Corporate and M&A Partner Andy Savage, supported by Senior Associates Shaun Young and Rhiannon Elias. Tax advice was provided by Partner Claire Miles and Associate Pip Moss, with Partner Solange Leandro and Associate Lauren Buchan advising on regulatory matters. Partner Emmanuel Ninos and Associate Ben Harvey provided additional support on project development matters whilst additional project finance expertise was provided by Partner Katherine Best and Associate Rachel Lee. Additional support was provided by Partners Nick Walker and John Rosmini, Counsel Marianne Anton and Associates Toby Hunt and Hamish Ungless.

< Back to insights hub

Media enquiries