Ashurst advised RBS, RBC and Santander as lenders to Greencoat UK Wind Holdco Limited, a subsidiary of Greencoat UK Wind plc, on an expansion of the original facility that enabled Greencoat limited fund to purchase two additional wind farms (Maerdy and Kildrummy) to add to the 10 wind farms they already own. Greencoat now has an aggregate operating portfolio of 226.4MW. This deal closed on 25 June 2014.

Ashurst has previously worked with Greencoat advising RBC Capital Markets as sole global co-ordinator, sponsor and joint bookrunner, Barclays as joint bookrunner and Winterflood Securities as lead manager on the successful IPO of Greencoat UK Wind. Greencoat UK Wind plc was the first renewable infrastructure fund to list on the LSE main market and is the only infrastructure fund or renewable infrastructure fund domiciled in the UK.

The Ashurst team was led by utilities partner Antony Skinner, assisted on property due diligence by real estate counsel Jonathan Hoare. Associate George May (Utilities) advised on the finance documents with associates Robin Watson and Peter Grayson also advising on due diligence.

Antony Skinner commented: "We are delighted to have advised RBS, RBC and Santander on this successful expansion. The secondary market for quality wind assets is buoyant and it is great to see this transaction achieve a successful close in a short timescale."