WFW advises Bio Capital on acquisition of Redstow anaerobic digestion plant
Located in Norfolk, England, Redstow has a total capacity of 4.5 MW Combined Heat and Power (CHP) and currently processes circa 75,000 tonnes of energy crop each year.
Located in Norfolk, England, Redstow has a total capacity of 4.5 MW Combined Heat and Power (CHP) and currently processes circa 75,000 tonnes of energy crop each year.
This financing follows Noy Fund’s recent acquisition of a majority stake in the Olmedilla plant, on which WFW also advised. The acquisition was Noy Fund’s first investment in Spain.
The photovoltaic plant is located in Cadiz, Spain, and will be operational in 2021. It is Everwood’s second merchant plant, with the financing representing a leverage of 62% on the project.
The targets were two SPVs that own authorisations for the construction and installation of eight rooftop photovoltaic plants located in the Lombardy, Veneto, Lazio and Marche regions in Italy.
Intesol Energie owns and operates the 1 MW Intesol photovoltaic plant in Ravenna, Emilia Romagna, Italy and benefits from feed-in tariffs under IV Conto Energia.
The acquisition was structured by way of a reverse triangular merger with the financing for the acquisition provided by alternative investment firm, EnTrust Global and will be the first such merger to be effected under the Companies Law of the DIFC.
The 240 MW portfolio includes eight PV projects under development in the Dutch provinces of Overijssel and Limburg and five PV projects under development in Italy’s Apulia region.
The team, who all previously worked at Macchi di Cellere Gangemi, will enhance the firm’s regulatory and administrative litigation expertise in the natural gas, electricity, water and waste sectors.
Well-known maritime disputes expert Mike Phillips has joined the firm as a Partner in London. He moves from Stephenson Harwood, where he has been a partner for 12 years.
We are delighted to announce the hire of BCLP’s aviation team in Hong Kong, led by William Ho and Jackson Chow. The team are considered leaders in the Chinese aviation finance and leasing market.