Travers Smith advises Estover Energy in connection with the £138 million financing of the Cramlington biomass combined heat and power plant
Travers Smith LLP has advised existing client Estover Energy in connection with the financing of a new biomass Combined Heat and Power (CHP) plant in Cramlington, Northumberland, which is due to be completed by Estover by late 2017.
The Cramlington CHP will supply electricity and heat to local businesses, as well as provide low carbon electricity to the National Grid. The 27.7MWe plant will power the equivalent of 52,000 homes and will reduce greenhouse gas emissions by the equivalent of taking 25,000 cars off the road per year.