David O'Donovan

Associate

London

David advises clients on a range of domestic and international transactions in the energy sector.

David's experience primarily includes renewable energy projects (onshore and offshore wind, solar PV and biomass) with a particular focus on mergers and acquisitions, project finance and restructuring. He also has experience working on ESG-related matters.

    • A lending syndicate consisting of HSBC, Investec, ING and Intesa Sanpaolo on SDCL Energy Efficiency Income Trust plc’s (SEEIT) £145 million secured multicurrency revolving credit facility, which also included an uncommitted accordion of £55 million.
    • Ørsted Onshore A/S on its agreement to acquire Brookfield Renewable’s Irish and UK onshore wind business. The agreement is based on an enterprise valuation of EUR 571 million as of 31 December 2020 (subject to customary adjustments) and marks Ørsted’s entry into the European onshore market. With the acquisition, Ørsted acquired one of Europe’s leading integrated renewable energy platforms, including 389MW under construction and in operation, 149MW in advanced development and more than a 1 GW development pipeline in Ireland and the UK.
    • Hornsea 1 Limited, a joint venture owned between Ørsted (50%) and Global Infrastructure Partners (50%), on its £1.175 billion sale of its transmission assets to Diamond Transmission Partners Hornsea One Limited. DTP Hornsea One is a partnership between Diamond Transmission Corporation Limited (a wholly owned subsidiary of Mitsubishi Corporation) and Chubu Electric Power Company Netherlands B.V. (a wholly owned subsidiary of Chubu Electric Power Co., Inc.).
    • Copenhagen Infrastructure Partners (CIP) on the sale of its 35% equity interest in the Beatrice offshore wind farm to The Renewables Infrastructure Group Limited (TRIG) and to funds managed by Equitix Management Limited (Equitix).
    • NextEnergy on the EPC and O&M arrangements in relation to the development of a UK-based solar portfolio on sites owned by a major water utility company.
    • Conrad Energy on the acquisition of various projects as part of the expansion of its UK battery and gas-fired peaking plant portfolios.