Green energy experts at Bristol-headquartered national law firm TLT have boosted their market-leading position in the fast-growing sector by advising on a new joint venture to develop subsidiary-free solar projects across the UK.
The deals brings together renewable energy developer Spring with a German investor Altus. 
Chippenham-headquartered Spring was formed last year by three former staff at Good Energy, the long-established green energy pioneer based in the Wiltshire town.
Spring said it would bring its extensive clean energy development experience to the partnership with Altus, having previously delivered hundreds of megawatts of clean energy projects in the UK and around the world.
The joint venture will develop a number of 40-50MWp subsidiary free ground-mounted solar projects.
The TLT team was led by corporate partner Antonia Silvestri and chartered legal executive Nick Rains, who advised on the joint venture agreement and associated articles. Banking partner Gary Roscoe led negotiations of the loan documentation.
Antonia Silvestri, pictured, said: “TLT is proud to play a role in promoting the development of clean energy projects and look forward to further supporting Spring as these developments progress. 
“In a post-subsidy environment, we’re pleased to see partnerships like this emerging, which will help build a sustainable energy future for the UK.”
TLT banking partner Gary Roscoe added: “The clean energy market continues to show significant potential and we are seeing some very interesting developments in the wake of regulatory and subsidy changes.
“The partnership between Spring and Altus demonstrates that subsidy-free solar is becoming not only increasingly viable, but also an attractive investment prospect for EU based investors, despite the uncertainty posed by Brexit.”
TLT has advised on a wide range of JV arrangements, and is ranked the fifth most-active clean energy legal adviser for volume of mergers and acquisitions and project finance deals globally over the past three years by Clean Energy Pipeline, an online daily news and data service. The combined value of these 129 projects was more than $1.9bn (£813m)
Spring director Hugo House, pictured, who led the creation of Good Energy’s trailblazing Feed-in Tariff services, said: “Our mission is to enable clean growth and we are passionate about connecting people to sustainable energy and working with landowners and local communities to develop renewable energy solutions.
“Our joint venture with Altus will allow us to deliver our ambitions more quickly, and we plan to deliver 100MW of new solar PV (photovoltaic) with this deal. 
“We are grateful to the team at TLT for their invaluable advice and look forward to working with them again as the various projects come to fruition.”
Altus development director Sascha Klos added: “We are pleased to be entering the UK subsidy-free solar market and look forward to developing a significant amount of projects with our partner Spring over the years to come.”
Spring’s management team also includes former Good Energy technical and design manager and chartered engineer Liban Elmi and John Colombi, who has worked with a number of renewable energy consultancies.
Financial details of the joint venture have not been disclosed.
