Hogan Lovells advises as Rookery EfW reaches financial close

London, 29 March 2019 – Hogan Lovells Energy and Natural Resources Group (ENRG) has advised clients Covanta, Green Investment Group Limited (GIG) and Veolia on the successful completion of the Rookery South Energy Recovery Facility, a deal involving the construction and operation of a 60 megawatt energy from waste facility in Bedfordshire.

The design and construction of the Rookery South facility will be carried out by engineering, procurement and construction contractor, Hitachi Zosen Inova.  When operational the plant will have the capacity to treat up to 545,000 metric tons of municipal, household, and business waste per year, generating over 60 megawatts of electricity which will be sold into the grid on a merchant basis, powering the equivalent of over 112,500 homes.

Covanta and GIG will each own 40 percent of the state-of-the-art facility, with primary waste supplier Veolia owning the remaining 20 percent. 

This marks the first time Hogan Lovells has advised the joint venture between Covanta and GIG. Covanta and Veolia are both long-standing clients of the firm. 

The Hogan Lovells team was led by infrastructure, energy, resources, and projects partner Scott Tindall, with partners Andrew Gallagher leading on finance and banking, Gill McGreevy leading real estate and Claire Dutch leading planning.  They were supported by a large, multi-disciplinary, transatlantic team from across the firm's real estate, planning, competition, banking and finance practices.

Commenting on the Rookery project, Scott Tindall said:

“Reaching financial close on the Rookery South project is an important and long-awaited milestone, both for the project and for everyone that has been involved to date.  As a market-leading project, it has not been without its challenges, but we are now very much looking forward to seeing it progress to the next stage of development.  It has been a pleasure working with Covanta, GIG and Veolia for the past few years and we look forward to continuing to work with them all in the future." 

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