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News Release

Exeter

Jones Lang LaSalle Renewable Energy Capital team powers from strength to strength


Exeter, 21st June 2012 - One year on, Jones Lang LaSalle’s Renewable Energy Capital team has much to be positive about!  The team has almost doubled in size following the recruitment of Richard Harris, Bertie Readhead and an internal graduate.

Prior to joining the Renewable Energy Capital team, Richard Harris was an audit manager with Deloitte in Bristol, having qualified as a chartered accountant and worked on a variety of mid-market clients. 

Bertie Readhead has joined as a senior analyst having worked in the renewable energy industry for several years and completed an Msc in Environmental Finance at Exeter University.  Bertie has most recently worked for Cornwall Energy, a renewable energy services company focused on solar PV and CHP projects.   

The team has successfully completed a number of deals including acting for a London based private equity house selling a waste to energy business, also acting for a wind farm developer to raise development capital and advising a pension fund on the build out of solar PV across a portion of it’s industrial roofs.

Dane Wilkins, head of Jones Lang LaSalle’s Renewable Energy Capital team, commented: “It is fantastic to see the strength of the Jones Lang LaSalle brand reflected through our business, the doors the brand has opened with investors, real estate owners and developers alike.  Jones Lang LaSalle provides a powerful platform for our Renewable Energy Capital team to introduce transaction opportunities to new classes of investors including pension funds, institutional capital and private wealth seeking alternative investment opportunities. 

“The Renewables sector is particularly exciting given the nature and profile of the deals, typically the investment is into a physical asset (power station) with long term stable cashflows (sale of heat and electricity) with a degree of downside protection through long term green subsidies attached to the sale of electricity (renewable obligation certificates) and has a degree of inflation proofing.

He concluded: "Renewables, in particular windfarms, are typically associated with Scotland and naturally an element of our work is based out of the Edinburgh office, equally through the deep and extensive relationships of the Exeter office we have been fortunate to work on South West based solar and wind portfolios and anticipate securing the construction finance for these schemes towards the end of 2012.”