The Earls Gate Energy-from-Waste facility reached financial close on December 18, 2018.
The plant will process up to 216,000 tonnes of commercial waste per year and generate 21.5MW of power, which will be sold to neighbouring chemicals manufacturer CalaChem. The project is a 50/50 joint venture between Brockwell Energy Ltd and a consortium consisting of the Green Investment Group and Covanta, and is financed with senior debt provided by ABN Amro, Investec, Mitsubishi UFJ Financial Group and Natwest.
Operis were pleased to perform a financial model audit on behalf of the Green Investment Group, which included a review of the model’s tax and accounting treatments, and also provided accounting advice.
