Walkers Advise Saturn On Bermuda Solar Farm
Walkers Limited acted as Bermuda counsel to Saturn Power group on the development of a solar-powered electricity generation plant, built on the land known as the “finger” at Bermuda’s airport.
A spokesperson said, “Walkers is pleased to have acted as Bermuda counsel to Saturn Power group in relation to the development of a solar-powered electricity generation plant, built on the land known as the “finger” at Bermuda’s airport.
“Saturn Power is an independent power producer based in Ontario which develops, engineers, owns and operates solar, wind and energy storage projects throughout the world. The granting of an operating licence with effect from 28 April 2020 means that Saturn has been approved to become the first independent power producer on the island.
“The Walkers team was led by partner Jonathan Betts and included partners, Kevin Taylor and Natalie Neto, senior associates Nathalie West and Rachel Nightingale, associate Ben Green and pupil Malacia Madden.
Jonathan Betts said “We are very proud to have advised the team at Saturn on this project. It has been three and half years since we were first engaged and it has been a pleasure to work with Saturn throughout the tender, development and construction, financing and regulatory processes. The grant of the operating licence is fantastic news and a testament to the Saturn team’s commitment to making this important innovative project a reality for Bermuda.
“Walkers has been an invaluable partner for Saturn Power during this process”. said Neel Bungaroo, Executive Vice President, General Counsel for Saturn Power Inc., “From their experience and acuity with the Bermudian legal system to their leadership and advice in dealing with the Regulatory Authority and the Government, Saturn benefited greatly from our work with Walkers and most notably from the tireless work and dedication Jonathan put into advising Saturn on its Bermudian legal affairs.
“Walkers is renowned for advising on international corporate, M&A and investment work for private equity funds, sponsors and corporate groups but this engagement on a local infrastructure project has also showcased the wealth of talent and depth of experience that we have to navigate clients through domestic transactions and complex local legal, regulatory and commercial issues.”
