Victoria is a Partner in the Corporate team.
She specialises in corporate transactions relating to infrastructure and renewable energy projects, including onshore and offshore wind, biomass, solar, hydro, and energy storage projects.
With in-house experience as investment director in a private equity infrastructure team and as legal counsel to an infrastructure fund, Victoria knows the financial and regulatory drivers in the energy market. She understands the risk, opportunities and value implications of the energy subsidies, carbon offset and grid connection arrangements, power purchase agreements, operation and maintenance contracts, and the attractiveness of energy projects to institutional investors.
She supports clients at each stage of the project: securing options, exclusivity agreements and funding arrangements, negotiating joint ventures, acquisitions and disposals of existing renewable energy projects, drafting bespoke documentation, due diligence of operation and maintenance contracts and power offtake agreements. She has also advised on PFI projects and portfolio management.
Victoria works with corporations, management teams, vendors, purchasers, and debt and equity funders on deals. Her clients range from innovative startups to large established corporate groups and utility companies.
Victoria is the co-founder of the northern branch of the Women's Infrastructure Network (UK).
Recent examples of how Victoria has supported clients include:
- the disposal of Northern Hydropower, with power stations in Cornwall and Yorkshire and a 1.2 MW battery, on behalf of Barn Energy and a group of high-net-worth investors to Foresight, with both hydro projects accredited under the 20-year feed-in tariff scheme;
- advising a German bank on a number of transactions including the largest wind-farm off the Scottish coast and one of the world’s biggest solar plants in Abu Dhabi, which is expected to offset approximately seven million tonnes of carbon emissions a year;
- closing an option to acquire an energy from waste development for an international energy company in the first few weeks of the 2020 lockdown;
- drafting and negotiating, on behalf of Northumbrian Water, the first corporate power purchase agreement of its kind which sources 30 per cent of its renewable electricity directly from the Race Bank Offshore Wind Farm, off the coast of Norfolk;
- advising on the power purchase agreement and computational fluid dynamics application for the Fort Parkway Renewable Energy Centre in Birmingham which, using the gasification process as a type of advanced conversion technology, will recover energy from residual, non-recyclable waste in the form of heat and electricity to export to commercial energy users in the surrounding area; and
- drafting and negotiating the joint venture agreement for Sainsbury’s to become the first UK supermarket to switch to 100 per cent LED lighting in a deal with Current by GE, cutting Sainsbury’s lighting energy consumption by 58 per cent and reducing greenhouse gas emissions by 3.4 per cent annually.