Gowling WLG advises Longspur Capital and GVO Capital on disposal of hydroelectric assets

Gowling WLG's energy team has acted in relation to the disposal of GVO's stake in 14 operating hydroelectric power stations managed by Longspur Capital (Longspur) to an infrastructure fund.

The hydroelectric systems are based in Scotland.

Co-head of Gowling WLG's energy sector, Gareth Baker and senior associate Chelsie Taylor, led the deal working with associate Ben Parker (corporate), Maya Thompson (corporate), Tom Rank (tax) and other energy team members.

Partner Gareth Baker said: "We have seen an increased interest in the hydro asset class this year and are active on a number of corporate and finance mandates. As always, it was great to work with the Longspur team and also to work alongside corporate finance advisors Augusta & Co."

Partner Nath Curtis, Longspur relationship partner, said: "This transaction demonstrates that the UK secondary market for high-quality operating assets in the renewable sector remains strong. We were pleased to partner with Augusta and Brodies to deliver an integrated advisory team to our client and to end the year with yet another success story for our excellent corporate energy team."

Gowling WLG's multi-disciplinary energy team has a first-class reputation and operates seamlessly around the globe. The deal is another example of the team's position in the energy sector and follows a series of recent mandates including advising Longspur on its disposal of two operating onshore wind farms, advising on Downing Renewables & Infrastructure Trust's £122 million IPO, and advising St Modwen on its solar park sale to Innova Energy.