Matheson recently advised Quinbrook Infrastructure Partners, a specialist global investment manager focused exclusively on the infrastructure needed for the energy transition, on its acquisition of the Wexford Synchronous Condenser Project, a proposed 963 MVA.s. facility in Co. Wexford. This is Quinbrook Infrastructure Partners’ first investment in Ireland, building on its grid stability leadership in the UK, where it is the largest private owner of synchronous condensers.
Synchronous condensers provide stability to the electricity grid by producing inertia – the stabilising effect of traditional generators. This allows the grid to use more renewable electricity without affecting the reliability of the grid.
The Matheson team was led by Brian McCloskey, Ciara Finnan and Dan McAleese and included expertise from across various departments including Vahan Tchrakian, Chloe Power, Sophie Lawless (Tax), Conor Blennerhassett, Owen Collins, Coiré McCrystall (Energy & Infrastructure), Nicola Dunleavy, Ruadhan Kenny, Ciara Smyth, Rhona Barry, Jennifer Ellen Ryan (Commercial Litigation), Cillian O’Boyle, Tai Ogunde (Commercial Real Estate) and Niall Collins, Simon Shinkwin, Laura McDonnell and Tobi Lawal (Competition).