Urban Wind Ltd

The Business Objective.


Urban Wind Limited is undertaking one of the most pioneering wind projects seen anywhere in the UK in recent years, having devised a project involving the installation of single (or small clusters of) wind turbines on a large number of sites across the UK where Telefonica, Everything Everywhere and Vodaphone currently have mobile phone masts. The existing mobile phone masts will be decommissioned and replaced with one or more wind turbines of up to 100Kw each.

 

Solution.


Urban Wind has entered into Exclusivity Agreements with a number of large telecoms companies and is currently conducting desk top due diligence on more than 6,000 sites. The Davidson Chalmers project team is led by Craig Stirling and Laura Tainsh and they have been advising on all aspects of this complex transaction for approaching 2 years. The team has arranged a funding package for the company which will see it raise £40M of equity investment and circa £80M of debt funding (for phase 1), making it by far the largest project of its kind seen in Scotland to date.

 

Outcome.

Phase 1 of this project is now well underway with planning applications submitted for circa 1,000 out of the 6,000 sites involved.

The Team

t 0131 625 9191

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t 0131 625 9191

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