Ecotricity enters Skanska green energy JV
Gloucestershire green energy company Ecotricity has formed a new joint venture with construction giant Skanska to build wind farms across Britain.
The new company, dubbed Skylark, is aiming to put 350MW of renewables projects into the planning system over the next five years, representing a potential £500m investment and an electricity supply for 200,000 homes.
Skylark also revealed it has earmarked three possible sites for its first round of investment.
Ecotricity founder Dale Vince said: "Ecotricity were the world’s first green electricity company, while Skanska aims to be the greenest construction company in the world – our shared pursuit of sustainability and our complementary skill sets creates a strong partnership.
"It’s a simple partnership that will help to bring energy independence to Britain using green energy made in Britain."
TLT advised Ecotricity on creating the joint venture. Its team was led by corporate associate Kay Hobbs and included construction partner Neel Mehta and real estate associate Simon Williams.
Hobbs added: "In a time when others are fearful of the political uncertainty in the wind sector, this project evidences both Ecotricity's unrivalled commitment to this sector and its fundamental pledge to supply its rapidly increasing customer base with truly green energy."