Legal DealFolio - Atlantis Resources Acquisition of MeyGen Tidal Power Project

Ashurst has advised Atlantis Resources Limited (Atlantis) in connection with its acquisition of MeyGen, Europe's largest tidal power project. Atlantis already held 10% of MeyGen Limited, the company developing the project, and has acquired the remaining equity from its joint venture partners Morgan Stanley and GDF SUEZ. The MeyGen project recently received its offshore planning consents from the Scottish Government, a key milestone in the development timetable which significantly de-risks the project's delivery. Atlantis will now work with the Scottish Government, Department for Energy and Climate Change and The Crown Estate towards commissioning of the first MeyGen turbines in 2015. At 398MW, MeyGen is the largest tidal energy project in Europe. Located in the Inner Sound development zone of Scotland's Pentland Firth, the project was first proposed by Atlantis' project origination team in 2006. The 3.5 sq. km area site is being developed in multiple stages, with first power expected in late 2015 or early 2016. The Ashurst team was led by Singapore based partner Keith McGuire and senior associate Samantha Loh, assisted by senior associate Howard Manning and associate Nicholas Dimitriou (also both in Singapore) and by partner Michael Robins, associate Ben Rollason and trainee Chris Vallance in London.

Deal Date:	27-11-2013	Practice Area:	Project Finance and Infrastructure
Deal Title:	Atlantis Resources Acquisition of MeyGen Tidal Power Project	Industry:	Electricity
Description:	Ashurst has advised Atlantis Resources Limited (Atlantis) in connection with its acquisition of MeyGen, Europe's largest tidal power project. Atlantis already held 10% of MeyGen Limited, the company developing the project, and has acquired the remaining equity from its joint venture partners Morgan Stanley and GDF SUEZ. The MeyGen project recently received its offshore planning consents from the Scottish Government, a key milestone in the development timetable which significantly de-risks the project's delivery. Atlantis will now work with the Scottish Government, Department for Energy and Climate Change and The Crown Estate towards commissioning of the first MeyGen turbines in 2015. At 398MW, MeyGen is the largest tidal energy project in Europe. Located in the Inner Sound development zone of Scotland's Pentland Firth, the project was first proposed by Atlantis' project origination team in 2006. The 3.5 sq. km area site is being developed in multiple stages, with first power expected in late 2015 or early 2016. The Ashurst team was led by Singapore based partner Keith McGuire and senior associate Samantha Loh, assisted by senior associate Howard Manning and associate Nicholas Dimitriou (also both in Singapore) and by partner Michael Robins, associate Ben Rollason and trainee Chris Vallance in London.
Financial Center:	Singapore	Value:	0.00-0.00
Advised Party:	Purchaser	Law Firm	Ashurst
Assets Jurisdiction	United Kingdom	Purchaser Jurisdiction	United Kingdom
Classification:	Transfer of Infrastructure Assets Power Stations	Lawyer	Keith McGuire

Practice Areas -

Project Finance and Infrastructure Law Firms and Lawyers

Practice Areas - Project Finance and Infrastructure Law Firms and Lawyers