Global law firm Ashurst has advised a consortium, comprising investor and asset manager, Low Carbon, Waste Energy Power Partners and investor Octopus Renewables, in relation to the development, construction and operation of the Doveryard Oldhall Energy from Waste Project in Scotland.
The Energy Recovery Facility will generate enough electricity for the equivalent of over 30,000 homes, more than all the residential properties in Irvine, where the facility is located. It will also divert around 180,000 tonnes per year of waste which would otherwise go to landfill or be exported to Europe for treatment.
The project also involves three new EPC Contractors (Sterling and Wilson Solar, STC Power and Shapoorji Pallonji & Company) and two new O&M contractors (STC Power and Sterling and Wilson), recent entrants into the UK waste to energy market, creating much needed diversification in the pool of contractors able to build and operate large energy from waste facilities in the UK.
The Ashurst team was led by partner Cameron Smith, assisted by senior consultant Michael Smith, senior associates Michelle Davenport and Laura Birkinshaw-Miller, associates Wilson Lu and Harriet Martin and trainees Michael Choi and Juliette Arnold. Disputes partner Tom Duncan and associate Joseph Harrington also advised.
Commenting Cameron Smith said:
“Ashurst is pleased to have supported the sponsors and Octopus Renewables from the earliest stages of this project through to financial close. These merchant energy from waste projects are challenging projects to structure and require experienced developers and a team of advisers with a thorough knowledge of the waste and energy markets, which Ashurst can deliver. This is not the first of these projects on which we have worked with Low Carbon, WEPP and Octopus Renewables and we hope it will not be the last.”