International law firm Osborne Clarke has advised Foresight Energy Infrastructure Partners on an investment into a geothermal energy company. 85 Degrees Renewables.
The firm, which has its headquarters in Finzels Reach, Bristol, has advised Foresight on its investment in 85 Degrees Renewables to fund a 61.8 MW geothermal energy project in the Netherland's South Holland province as part of the company's goal to deploy 1 GW of geothermal capacity across the country.
Like this story? Why not sign up to get the latest South West business news straight to your inbox.
Geothermal heat energy is supported by the Dutch government as a strategic priority, given it will contribute to the country’s national emission reduction objectives by decarbonising domestic and industrial heat.
The Osborne Clarke team advising on this transaction consisted of Chris Yeo and Hannah Stevens, in the UK, and Marie-Louise Weeda and Charlie van der Star, Real Estate and Infrastructure, in the Netherlands.
This deal follows FEIP's initial joint venture investment with 85 Degrees into geothermal energy projects in the Netherlands. An international Osborne Clarke team spanning the UK, Netherlands, Belgium and Germany advised the investment manager on the initial transaction in October 2021.
