In further recognition of the great achievements of the team over the last year, the team has been recommended in Chambers & Partners for Energy and Natural Resources: Renewables and Alternative Energy and Tom Bainbridge has been ranked again.
Brexit and Climate Change Policy: Lux Nova’s Tom Bainbridge Interviewed by LexisNexis
Select Committee consider implications of Brexit for Energy and Climate Change Policy.
Click here to read a brief summary of the final report of the Energy & Climate Change Select Committee, before it was disbanded in October 2016. Tom Bainbridge was interviewed by Alex Heshmaty of Lexis Nexis.
This article was first published on Lexis®PSL Environment on 3 November 2016. Click here for a free trial of Lexis®PSL
Lux Nova Awarded at ADE Annual Conference
Consultancy Project of the Year, Highly Commended, was awarded to Lux Nova, together with Arup, Mazars and Willis Towers Watson, for the BEIS led Guidance on the Strategic and Commercial Case for Heat Networks.
A great night was had by all at the Natural History Museum where the ADE Annual Conference Dinner and Awards were hosted, presided over by Dippy the Diplodocus.
Lux Nova Acts for Leapfrog Finance on Largest UK Community Energy Solar Acquisition
Leapfrog Finance, advised by Lux Nova Partners, has funded the acquisition of Verdant CIC (9.3MW) by Communities for Renewables from Gamma Energy.
The site is located between Weston-super-Mare and Burnham on Sea and was commissioned in June this year. CfR will run the solar farm as a community project for the benefit of the local community and over the next 6 months will be looking to involve local organisations in the project and launch a community investment offer. The Project has the potential to generate at least £1.2 million of income for local community organisations and projects over its 25 year lifetime.
Lux Nova Partners and Johnston Carmichael Chartered Accountants acted for Leapfrog Finance. Foot Anstey and Francis Clarke acted for Communities for Renewables.
Richard O’Rourke, Managing Director of Leapfrog Finance said:
“We’re delighted to have been able to support CfR’s acquisition of this project. It is yet another example of Leapfrog’s commitment to not only enabling community ownership, but maximising social impact. Forecast to deliver over £1.2m of community income over the life of the project, it has enormous potential to catalyse the delivery of social impact across a wide spectrum of issues in the community.”
Tom Cosgrove, Development Manager at Communities for Renewables CIC, said:
“It’s great to be involved in securing another significant scale solar project into community ownership. CfR has managed the finance and delivery of almost £25million of community solar projects over the last 18 months. Each project involves a huge amount of work from all involved. We are looking forward to working with local organisations to develop the community model for the project and launching the community investment offer early next year.”
Cesar Gonzalez, CEO of Gamma Energy, said:
“It’s a real pleasure to see Gamma’s commitment to renewable energy benefitting the local community. This project has been a big challenge for all the parties involved and finally a great success. Gamma was involved in all aspects of this project, from development through to financing and construction, and continues to provide operation and maintenance services.”
Candice Motran, Investment Director at Big Society Capital, said:
“I am thrilled to see another project receive finance through our facility with Leapfrog Finance. The goal we had in making the facility available was to make it easier for communities to acquire large renewable energy assets which had the potential to deliver significant sums to local projects delivering impact in communities. This project will deliver on those goals, making it a great success for Leapfrog Finance, Communities for Renewables and the local communities between Weston-Super-Mare and Burnham on Sea.”
DBEIS Guidance on Heat Networks Published – in Collaboration with Lux Nova and Arup Consortium
The Project Development Guidance for Local Authorities on Heat Networks has been published by the Heat Networks Delivery Unit in DBEIS, comprising commercial, financial modelling, procurement and state aid guidance. You can access a copy here.
The commercial guidance has been developed by Lux Nova, in partnership with Arup, Mazars and Willis Towers Watson and aims to provide detailed guidance to Local Authorities to support their investigation and enable progression from feasibility study through to business case for their heat network projects.
The State Aid and Procurement guidance has been developed by Lux Nova and Browne Jacobson and aims to help steer Local Authorities through the maze of rules and regulations that may affect their projects.
Please contact us if you would like to talk to us about your heat networks project.
Largest Hospital Rooftop Solar Site Successfully Completes
Our client South Staffordshire Community Energy (SSCE) has successfully completed its project in collaboration with the University of North Midlands Hospital Trust to install solar panels across the Trust’s property portfolio. The community owned scheme will see cheap solar energy delivered to the Hospital buildings, with surplus profits used to set up a community fund which will be used by “Beat the Cold”, a charity supported by the Hospital, helping to improve the living conditions of the local population.
Lux Nova Partners Recommended by Legal 500
Lux Nova Partners has been ranked in the 2016 Legal 500 edition for Power (Renewables). A great recognition of our flourishing practice which goes from strength to strength.
Quoting the Legal 500:
‘Clean energy specialists’ Lux Nova Partners has a ‘high level of commercial awareness’ in the domestic market. ‘Very approachable’ co-head Tom Bainbridge advised Shamsuna Power Company as the developer on all aspects of its 10MW solar photovoltaic project in Jordan, including power purchase agreements, grid connection, equity investment and project finance. The ‘highly recommended’ Louisa Cilenti also leads the practice.
Lux Nova Advises Open Utility on Collaboration with Good Energy
Good Energy has selected Open Utility’s Piclo Platform to allow businesses to buy local renewable electricity.
We assisted Open Utility in negotiating the agreements with Good Energy that will see Good Energy’s business customers using the online Piclo service for enhanced transparency and control of their energy supply and the ability to match demand with local renewable generation.
Juliet Davenport, Good Energy CEO and founder said:
“Good Energy would like to see a decentralised energy system where control is in the hands of the people and businesses who use it. Open Utility has developed a digital platform which offers end users more choice and control. We look forward to developing a proposition which is attractive to business users and renewable generators.”
Sustainability Expert David Short Joins Clean Energy Lawyers, Lux Nova Partners
David Short has recently joined our boutique, clean energy law firm, Lux Nova Partners Limited.
David joins us following a 20-year career, first at a City law firm specializing in both environmental law and commercial technology law, and then moving in-house to GE Capital with roles in the legal, risk and asset management teams, including managing the sustainability program for one of the world’s largest commercial real estate businesses.
David broadens the practice areas of Lux Nova from megawatts to negawatts…
His expertise includes energy efficiency projects and financing, general commercial contract advice for companies working on clean energy and circular economy solutions, including technology and data issues, and energy and resource efficiency policy landscape for the commercial real estate investment and lending sector.
Contact us if you’re interested in hearing more about how David or Lux Nova can help you.
“Local Markets are the Future”
Lux Nova’s client Open Utility release their report on Britain’s first on-line Peer-to-Peer renewable energy market place, “Piclo”. We are pleased to have supported them on the legal structuring of the project.
