Victoria is a Partner in the Corporate team.
She provides corporate advice on a range of matters including, acquisitions and disposals, joint ventures, shareholder agreements, company formation, partnerships and LLPS.
Victoria has specialist experience in the infrastructure and renewable energy sector. With in-house experience as investment director in a private equity infrastructure team and as legal counsel to an infrastructure fund, she knows the financial and commercial drivers in the infrastructure and clean energy market and understands the risk, opportunities and value implications and the attractiveness of projects to institutional investors. She also advises on PFI projects and portfolio management.
She supports clients at each stage of the transaction: negotiating options, exclusivity agreements and structuring funding arrangements, due diligence, drafting and negotiating agreements, operation and maintenance contracts, power offtake agreements. and drafting bespoke documentation. Working 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.
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 contract for difference (CfD) application for the Fort Parkway Renewable Energy Centre in Birmingham which 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.