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Anderson Strathern advises on first Green Investment Bank funded project in Scotland

Anderson Strathern’s energy, renewables and cleantech team has advised on the first Green Investment Bank funded project in Scotland, a GBP1.2m biomass boiler project at the Tomatin Distillery near Inverness.

 
The bank is contributing GBP577,000 via its GBP50m Energy Saving Investments portfolio, managed for the bank by London-headquartered fund manager Equitix. The remaining GBP600,000 is coming from private investors in the Equitix Energy Efficiency Fund.
 
Led by partner Gillian Anderson (pictured) and senior associate Martin Whiteford, the team at Anderson Strathern advised the English firm Bevan Brittan (solicitors for the Distillery’s development partner Balcas) on technical aspects of Scots law covering property and contractual issues.
 
Anderson says: "The Green Investment Bank is the only institution of its kind in the world and we were delighted to work with Bevan Brittan on the bank’s first project in Scotland. Anderson Strathern has significant expertise in the renewables sector having acted for The Crown Estate in the completion of agreements for lease for the world’s first commercial wave and tidal electricity project."
 
Scott Townson, a senior associate from Bevan Brittan, says: "The team at Anderson Strathern played an important role in advising on the Scots law elements of the transaction. They provided excellent legal advice and were quick to respond to the timescales. We are proud to have worked with Anderson Strathern on the GIB’s first Scottish funded project and believe it will make a significant contribution to Scotland achieving its green energy targets.” 

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