The energy team at law firm Michelmores LLP has acted for Downing LLP in making available approximately £22 million to invest into four solar PV projects across the country.
Downing, which specialises in tax-efficient investments, has raised in excess of £1 billion from over 20,000 UK investors in its more than 25 year history, and currently has around £500 million under management. It has invested alongside Oxford Capital Partners on each of the projects. Three are currently under construction and one is already commissioned. Partner Ian Holyoak and associate Alexandra Watson led the Michelmores’ team.
Alexandra Watson commented,
“Our Renewable Energy team has significant experience in large-scale solar PV and we are delighted to have worked with Downing on these investment opportunities.”
Michael Hughes, Partner at Downing says:
“Investing in these four projects alongside Oxford Capital Partners adds to Downing’s already significant renewable energy portfolio. The timetable for these projects was very tight and we are grateful to the Michelmores’ team for their support.”