Practice Areas - Project Finance and Infrastructure Law Firms and Lawyers
| Deal Date: | 24-03-2015 | Practice Area: | Project Finance and Infrastructure |
| Deal Title: | Financing for Waste-Wood Fired Tilbury Green Power Facility | Industry: | Alternative Energy |
| Description: |
Linklaters advised Investec Bank plc, Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. and EKF (the Danish Export Credit Agency) on the limited recourse financing of a waste-wood fired biomass power plant, located at the Port of Tilbury, Essex.
The sponsors are Aalborg Energie Technik a/s, ESBII UK Limited and UK Green Investment Bank plc. The agreement marks ESB's first investment in the UK's waste and biomass sector.
The Tilbury Green Power facility is expected to generate 300 GWh of green electricity per year, enough to power more than 70,000 homes, when it is commissioned in early 2017.
The Linklaters LLP team was led by Energy and Infrastructure partner Richard Coar and included Real Estate partner Mark Burgess-Smith and an Energy and Infrastructure team comprising Elizabeth Charlesworth, David Leeming and Thomas Chappatte.
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| Financial Center: | London | Value: | 0.00-0.00 |
| Advised Party: | Debt Provider | Law Firm | Linklaters |
| Project Location | United Kingdom | Equity Sponsor | United Kingdom |
| Classification: |
Project Finance Renewable Energy Energy from Waste |
Lawyer | Richard Coar |
