Global law firm Norton Rose Fulbright has advised Full Circle Generation Limited on its 14.75 MW Energy from Waste project in Belfast, which reached financial close today. The £107 million project will create a facility with capacity to process up to 180,000mt of feedstock derived from household waste and create 250 construction jobs and at least 20 during operations.
Full Circle is made up of a consortium of equity investors which includes RiverRidge Energy Limited, UK Green Investment Bank plc (GIB), Equitix and P3P Partners. The design, build and operate contracts were awarded to French construction group Bouygues Energies and Services and will incorporate the use of gasification technology.
Mark Berry, partner at Norton Rose Fulbright, comments:
“We are delighted to be involved in this very significant Energy from Waste project in Northern Ireland. The deal faced many challenges and we were pleased to have advised the project company on its arrangements to build and operate the facility and negotiate the unique long term supply and offtake arrangements.
“I believe the Full Circle project will give the EfW market a significant boost which will help to advance other projects in the market and we look forward to helping our other clients successfully achieve funding and financial close on their projects.”
The Norton Rose Fulbright team was led by projects partner Mark Berry and included senior associate Jenny Waites and associates, Sonam Kathuria and Matt Hacking. Partners Rob Marsh and Andrew Hedges and senior associate, Suncica Miletic advised on the power purchase agreements and Grid Connection agreements. Partner Glenn Hall, senior associate Bevan Peachey and associate Vic Kandampully led on the corporate aspects of the deal.
Pinsent Masons acted as Northern Ireland local counsel and Ashurst advised the fuel supplier, Pioneer Fuels Limited.
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