Renewable energy facility gets green light for funding

A North Yorkshire-based renewable energy developer has secured additional funding to construct biogas generation facilities in Staffordshire, with help from law firm Ward Hadaway.

The proposed facility converts agricultural feedstock and waste material into green gas for injection into the gas mains.

When operational the plant will generate sufficient green gas to heat approximately 5,000 houses and will prevent nearly 133,000 tonnes of carbon dioxide from entering the atmosphere.

The plant will also produce high yield renewable fertiliser for use on local farmland, further reducing the carbon footprint of farmers in the vicinity of the plant.

The Staffordshire development is the latest renewable scheme from EOS, a developer of energy projects across the UK. The company has worked with Ward Hadaway for many years on a range of technologies.

Lawyers from Ward Hadaway’s Energy Team supported EOS on various aspects of the transaction.

The lead lawyer on the project was commercial partner Matthew Cormack, working alongside lawyers in the firms banking, finance, property and construction teams.

Matthew Flint from EOS said: “Getting complex projects to financial close can be a stressful and demanding process. We know we can rely on the team at Ward Hadaway to help us complete transactions in the challenging time frames we have to work to.

“Our latest development is part of our strategy to deliver additional energy generation schemes to meet UK renewable energy targets.

“We have several schemes in the pipeline for 2020 and beyond and are actively looking for further opportunities across the country in a range of technologies.”

The project follows 12 months of development work, supported throughout by members of the Ward Hadaway Energy Team, led by Mark Whitehead.

Cormack said: “It is great to get this project to financial close and enable the construction phase to begin.

“This was a complex transaction, with very challenging timescales. Working at pace we delivered strategic and technical advice across several disciplines. I’m looking forward to working with the team at EOS on future projects.”

Whitehead, head of the Energy Team at Ward Hadaway, added: “As Ward Hadaway is the leading law firm in the North advising the energy sector, we’re able to support clients on a range of generation, distribution and retail matters.

“Having worked on many projects in the energy sector, we have a deep understanding of these types of infrastructure projects, through our experience working with debt and equity funders, developers, and landlords.”

 

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