Carsted Rosenberg Advises on Deutsche Bank AG Financing of a GBP 70,000,000 New 19MW Biomass-Powered
Updated: Apr 25, 2021
Led by global lead counsel Watson, Farley & Williams LLP, London, Carsted Rosenberg Advokatfirma advised as local counsel for Denmark Deutsche Bank AG, London Branch and Deutsche Bank Luxembourg S.A. as sole lead arranger and lender on the project financing of a new 19MW biomass project in Beckton, East London.
The GBP 70,000,000 waste oils CHP plant will generate heat to be provided to National Grid Gas, and power to be supplied to Thames Water Utilities Limited for its desalination plant at Beckton. Power not used by Thames Water Utilities Limited will be exported to the national grid.
Lead by Watson, Farley & Williams, London as lead counsel Watson, Farley & Williams, Munich and Carsted Rosenberg, Copenhagen advised as local counsels for Germany and Denmark respectively. The facility is being built by a consortium comprising iCON Infrastructure Partners II (GBP), L.P., EEA Holdings Limited and Beckton Energy Limited.