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Michelmores has advised funds managed by Triple Point on the acquisition of a 28MW solar photovoltaic project in Essex from IG Renewables Ltd and Anglo Renewables Ltd, further strengthening its longstanding relationship with the purpose-led investment manager.
The ready-to-build project, located at Toot Hill, received full planning approval in February 2025 and spans approximately 26 hectares. In addition to generating clean, renewable energy, the scheme includes a comprehensive programme of environmental enhancements designed to deliver biodiversity net gains in excess of 60%, alongside the establishment of a £25,000 community benefit fund to support local initiatives in the surrounding area.
This transaction builds on Michelmores’ ongoing work with Triple Point across its energy transition and sustainable investment portfolio, including advising on lending to a battery energy storage portfolio and the successful sale of investments within its sustainable infrastructure strategies.
The acquisition aligns with Triple Point’s strategy to accelerate the delivery of renewable energy infrastructure by securing projects with near-term grid connections, located close to centres of high energy demand.
The Michelmores team advising on the deal was led by Corporate Partner, Alexandra Watson, alongside Partners Stephen Newson and Ian Holyoak, Senior Associate Rachel Paddon and Trainee Ellis Arnold.
Jonathan Hick, Head of Energy Transition at Triple Point, said:
“As the energy transition accelerates and the market continues to evolve, securing high-quality, ready-to-build sites such as Toot Hill is critical. Michelmores supported us in navigating change across the transaction with clear, commercial and pragmatic advice, helping us deliver an asset that combines strong fundamentals with significant biodiversity and community benefits.”
Alexandra Watson added:
“We are pleased to continue supporting Triple Point and its managed funds on the delivery of its energy transition strategy. Our work together spans a range of transactions, including financing for battery energy storage projects and the successful disposal of investments, and this acquisition reflects the continued strength of that relationship and shared focus on high-quality, sustainable infrastructure.”
Michelmores’ award-winning Corporate team of specialist lawyers advises clients across the UK, US, and beyond – on capital markets, mergers and acquisitions, management buyouts, impact investing, energy projects, microfinance initiatives and more. For more information, please visit our website