Supporting Orbital Marine Power on its mission to help turn the tide on climate change

We have supported Orbital Marine Power by providing practical, commercial legal advice on a range of topics related to the growth of their business.

The Orbital O2 is the next phase in the development of Orbital’s unique floating tidal turbine. This 2MW machine will build on the success of the SR2000 which produced in excess of 3GWh of electricity over its initial 12-month continuous test programme. Tidal stream technology requires innovative finance and specialist support on its journey to commercialisation.

In 2019 Orbital raised £7m via a public debt bond through crowd funding platform Abundance. We advised on all aspects of the fundraise and the contracts required to support it including finance and security documents, lease, turbine supply, installation, grid connection and power offtake.

Key highlights

• Acting on corporate structuring and fundraising.
• Drafting media contracts for promotional material.
• Drafting vessel contracts for various aspects of project delivery.
• Drafting the decommissioning contract for the SR2000 at Blyth.
• International R&D collaboration including advice on IP protection and grant funding.
• Advising on consents, PPA’s, berth arrangements and new project development.  

Brodies' legal advice has been invaluable in many aspects of our development. They offer the required breadth of expertise to fully support our ambitions Andrew Scott, CEO & Director, Orbital Marine.

Outcome

Orbital is at the forefront of tidal energy, aiming to take the sector from development into the mainstream. This pioneering project demonstrates our ability to work on first-of-a-kind projects on a global stage, combining market leading renewables expertise with specialist legal advice from across the firm.

Orbital Marine is building the world’s most powerful and technologically advanced tidal turbine with the ultimate goal of providing millions of people across the world with sustainable, clean, predictable energy. Watch the video to find out more and keep up to date with their news on LinkedIn.