Webinar on October 15th: Heat Networks, HNIP and access to funding

Lux Nova are collaborating with Browne Jacobson to deliver an interactive webinar to explore common legal issues in funding, delivering and operating district heating networks and to share practical solutions to these issues.

Tom Bainbridge will be joined by Alex Kynoch to explore the following topics:

  • HNIP – overview of structure, eligibility and types of funding available

  • Project structuring to access funding

  • Template heat contracts developed by Lux Nova to support HNIP and the role of these documents in the market

  • Public procurement and vires hurdles for Local authorities involved in DH

  • State aid issues on publicly funded or managed projects

  • State aid process in HNIP

  • BREXIT and State aid

TO register for the webinar: https://register.gotowebinar.com/register/481101610283187725

Once again... thank you Legal 500!

As a purpose-driven, boutique clean-energy-only law firm of 9 Partners, we’re delighted with the recognition we’re receiving, rising year on year in the Legal 500.

Thanks to all our clients for putting their confidence in us, in doing things differently!

We now have two of our Partners – Tom Bainbridge and Louisa Cilenti – ranked as “Leading Individuals” (shared with only 20 other lawyers in the UK) and one – Nikola Zahariev – named as a “Next Generation Partner” (shared with only 3 other lawyers in the UK). Sandy Abrahams and Stephen Lister also receive praise, with great client feedback.

Here are some of the things our clients had to say: 

‘These lawyers are true specialists in their field, which is especially noticeable in contract negotiations where a solid foundation in the subject matter is required to deliver appropriate risk management.’

’The Lux Nova team has a huge depth of knowledge of all matters relating to renewable energy and energy finance. The energy practitioners bring an equal passion and commitment to large infrastructure projects and local community initiatives.’

’This team is united by close communication and a shared commitment to delivering excellent service to its clients. This is a pragmatic and flexible outfit which still makes sure that all legal angles are covered.’

We’re now ranked in Tier 3 of the Power category.

We are especially proud of this given the breadth of the Power category (it’s not solely focussed on Renewables and Cleantech, while we are) and the size of the firms we are competing against. 

Here are links to the Legal 500:

https://www.legal500.com/c/london/projects-energy-and-natural-resources/power-including-electricity-nuclear-and-renewables

https://www.legal500.com/firms/4330/offices/7570

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Lux Nova is delighted to welcome Sushma Maharaj to the team

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We are very pleased to welcome Sushma Maharaj, formerly of Squire Patton Boggs, to expand our regulatory and projects team.

Sushma has extensive experience of advising a full range of clients in the clean energy and low carbon space including project sponsors, corporations, financial institutions, governments and regulatory bodies - both within the UK and abroad. Her experience includes a nine month secondment at the Northern Irish electricity regulator, a three month secondment at British Energy and a seven month secondment at Smartest Energy. She recently advised Social Energy on the establishment of a battery aggregation business and also on the establishment of an electricity supply business in the UK. Sushma was previously Director and Of Counsel at Squire Patton Boggs and Greenberg Traurig Maher respectively and also worked at Dentons, King & Wood Mallesons and DLA Piper.

Tom Bainbridge, one of the founding partners, said:

“We are delighted to welcome Sushma into the team at Lux Nova. With her international electricity markets experience, extensive PPA and UK renewable energy regulatory knowledge, we feel she will be a great addition to our expanding practice, adding further depth and scope of support to our clients”.

Sushma Maharaj said:

“I am absolutely thrilled to be joining this pioneering and visionary group of lawyers. Lux Nova’s clean energy practice complements my own renewable energy commercial and regulatory practice perfectly. This boutique sector leading law firm is also extremely attractive to my contacts who are funding and developing cutting edge projects in the renewable and clean energy space”.

GridX Africa Development to roll out solar and storage mini grid in Africa with funding from Ncondezi Energy

Lux Nova Partners are advising GridX Africa Development, a renewables private power developer, on their investment raise and alliance with Aim-listed Ncondezi Energy as selected lead investor. Investment financing from  both parties and potentially other third parties will enable GridX to develop out its initial portfolio of 15 mini-grid projects (over $20million in capex terms) that will deploy small-medium sized solar and battery storage solutions to serve commercial and industrial businesses across the African continent. 

Projects include those like the smaller solar mini-grid servicing the Singita Faru Faru Lodge in the Serengeti National Park in northern Tanzania, with the integration of around 200kWp solar with 522kWh battery systems, replacing an average of 100,000 litres of diesel each year.  

GridX has identified significant market demand for cost effective and reliable power in the African commercial and industrial sectors, and solar and battery storage increasingly makes economic sense against traditional power generation such as diesel generators. Developers with design, finance and operate solutions like GridX are positioned to help expand the sector as demand continues to grow.

The partnership between Ncondezi and GridX complements Ncondezi’s existing presence in the Africa region and its desire to diversify its portfolio to focus on construction-ready captive solar and battery solutions in Africa.

Falling solar panel and battery costs are setting the foundation for a tide of disruptive technology in the African energy markets, allowing African countries to leapfrog to the next generation of sustainable energy supply.

“At the same time, significant investment appetite is growing in the sector as investors increasingly recognise smaller renewable captive generation projects as a source of steady returns,” Ncondezi nonexecutive chairperson Michael Haworth says.

To hear more about the projects, click here for an interview with GridX’s Hanno Pengilly.

Lux Nova advises Leapfrog Finance on groundbreaking solar plus storage deal

The deal has been hailed by Gridserve as one of the UK’s most advanced solar farms heralding a new era of subsidy-free renewable energy.

Leapfrog Finance was supported by Lux Nova Partners to co-fund the landmark partnership between Gridserve and Warrington Borough Council for two large scale solar farms in the UK – a 34.7MWp hybrid solar farm plus 27MW battery storage system at York and a 25.7MWp solar farm near Hull. These pioneering  projects, will supply 100% of the Council’s electricity cleanly, and generate millions of pounds every year to fund essential services and support economic regeneration in Warrington.

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For further details, see:

https://www.pureleapfrog.org/blog/leapfrog-finance-funds-first-council-supply-solar-farm-creating-community-benefit-funds

https://www.gridserve.com/post/breaking-news

Louisa Cilenti of Lux Nova Partners congratulates everyone at GRIDSERVE and Warrington Borough Council for having the vision to undertake this amazing deal. Lux Nova are very pleased to have supported Leapfrog providing £11 million of mezzanine funding for the transaction, and their instrumental role in ensuring the transaction will generate over £2million in community benefit over the life of the project. We are excited to see what future deals can spring from this one.

Claire Hanratty, CEO of Leapfrog has commented that:

“The knowledge and professionalism that Louisa brought to the deal was second-to-none, addressing project financing risks, the complexities of a commercial & local authority transaction and enabling Leapfrog to secure £2.25m in community benefit funds to help local people in the Warrington area. We are enormously proud to partner with Lux Nova.”

Lux Nova is Expanding to Scotland

We are recruiting for a senior projects lawyer to join our growing team, based out of our Edinburgh office. We are looking for a personable, bright and confident individual with solid low carbon and renewables experience, particularly in district heating.

The opportunity would suit someone who is entrepreneurial, works well under their own direction and who wants to grow their practice, but who would also be excited to join an environmentally committed, inspired and friendly team. Remuneration open to negotiation, dependent on candidate.

Please contact Sandy Abrahams for more details: sandy.abrahams@luxnovapartners.com

Lux Nova Continues to Expand with Addition of Disputes Partner

We are very pleased to welcome Stephen Lister to the Lux Nova team and to be expanding our offering to include dispute resolution.

Stephen advises on commercial and regulatory disputes in the renewable and clean energy sector. With more than two decades’ experience, he’s advised on national and cross-border disputes in the High Court, the European Courts in arbitration proceedings and at mediation.  He has extensive experience advising on renewables certification schemes and offshore wind farm navigation rights.  He’s also advised on renewable energy competition, anti-trust and state aid issues, in judicial review and court proceedings in the UK and Europe. However, Stephen also believes in effective claim management – identifying and resolving disputes at an early stage in order to prevent escalation to court proceedings.

We are pleased that our commitment to growing a sustainable and ethical energy practice continues to attract such strong talent, helping us expand our positive impact and the depth and breadth of our offering to clients.

Thanks Again, Legal 500!

Lux Nova Partners ‘is a true boutique sector-leading firm‘. That’s according to one client who values our ability to ‘understand the changing economics of energy schemes and provide commercial insights with practical support to assist transactions‘.

Last year, we said we placed more importance on what our clients say about us than on external rankings. That’s no less true this year. But great client feed-back has lead to further great recognition in our Legal 500 ranking. Four of our lawyers are now recommended, noted as rising stars or as leading individuals.

Thanks to Legal 500 and to all our clients for putting their confidence in us doing things differently!

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Lux Nova Wins ADE Research Consultancy Award

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Lux Nova was delighted to win the ADE’s 2018 Research and Consultancy Award. The award was for our end-to-end legal support to the London Borough of Enfield on the energetik district heating scheme.

Tom Bainbridge and Sandy Abrahams, who collected the award at the ADE’s Annual Awards Dinner on Wednesday evening, said:

“We’re very proud to receive such industry recognition for our district heating work but thanks must also go to our clients at Enfield Council and the energetik team for such a collaborative effort.”

Energetik was set up by the London Borough of Enfield to revolutionise the market and be a trusted local supplier of energy, providing reliable and environmentally-friendly energy to an anticipated 30,000+ local customers and businesses in a major regeneration of the Lee Valley Regional Park, near Enfield. Our role included supporting the Council to structure and finance this ambitious district heating scheme project, establishing appropriate governance structures and producing all supply chain and energy off-take documentation.

For more information about our district heating work – see our District Heating and Cooling page

For more information about the Association for Decentralised Energy follow this link: The ADE

For more information about energetik follow this link: energetik

Lux Nova Partners to Support BEIS Heat Network Investment Project

Claire Perry (Minister of State for Energy and Clean Growth) and the Department of Business, Energy and Industrial Strategy today launched the Heat Networks Investment Programme (HNIP) and announced the appointment of Triple Point Heat Networks Investment Management as the Delivery Partner responsible for deployment of £320m of Government support, which in turn should leverage around £1bn of private and other capital, supporting growth of the heat networks market in the UK.

Led by Triple Point, the experienced infrastructure investment management team, the Delivery Partner is formed of a number of professional firms with demonstrable track record of engaging with investors and supporting project developers to deliver a wide range of infrastructure projects. The Delivery Partner is comprised of the following organisations: Triple Point Investment Management LLP, AECOM, Amberside Advisors Ltd, BDO LLP, Ecuity Consulting LLP, Gemserv and Lux Nova Partners Ltd.

Ken Hunnisett, Project Director and Head of Public Sector at Triple Point Management LLP commented on the appointment:

“We are delighted to take on the leadership function with such a capable Delivery Partner team while also providing substantial investment management support. Among other things, our extensive experience and successes in infrastructure investing means that Triple Point is ideally suited to its role in resourcing and facilitating the HNIP Investment Committee, the body responsible for deploying HNIP funding in line with the investment mandate.”

Tom Bainbridge, Founding Partner at Lux Nova Partners Ltd said:

“Lux Nova Partners are delighted to be part of the HNIP delivery partnership. Our team of senior energy lawyers has advised numerous district heating and decentralised energy projects over many years, including many of the largest in the UK. As a principles-based law firm, focussed exclusively on the clean energy sector, we’re looking forward to applying our expertise to the legal aspects of the delivery partner role and to working as part of a multi-disciplinary team intent on driving real growth in investment into heat networks that help drive down emissions and protect customers.”

For further information about Triple Point Heat Networks Investment Management visit: www.tp-heatnetworks.org

For further information on the Heat Networks Investment Project launch and the latest announcements can be found here.