Orrick has advised Bioenergy Infrastructure Group (“BIG”), a specialist investor in the biomass and waste to energy sector, in its acquisition of a portfolio of 20 assets from Macquarie as part of the sale process of the UK’s Green Investment Bank.
The assets include four biomass and waste to energy facilities, 15 anaerobic digestion plants and a materials recovery facility in Northern Ireland, England and Scotland, with a combined generating capacity of more than 80MW.
Following today’s investment, BIG now manages one of the UK’s largest portfolio of biomass and waste to energy facilities. With over 100MW of operational and late-stage construction assets and a further 200MW in the pipeline, BIG is on course to make a significant contribution to the development of the UK’s low-carbon economy, by diverting over 1 million tonnes of waste from landfills and generating enough electricity for half a million homes.
The Orrick team was led by energy partner Matthew Williams and corporate partner Jinal Shah and included Elisabeth Blunsdon, Francesca Drake, Mark Nash, Angela Wallace, Matthew Stott, Alice Edwards, Matthew Pearce, Emily Yung and Charles Sheldon. Additional assistance was provided by Dominic O'Brien on banking and finance and Ed Denny on tax.