DLA Piper has advised Stobart Biomass Products Limited (Stobart) on the signing of a 15 year index-linked contract with Tilbury Green Power Limited in relation to exclusively supply waste wood to a new biomass plant to be built at Tilbury Port.
Stobart Energy will supply 270,000 tonnes p.a. of recycled waste wood to Tilbury Port which will supply renewable electricity equivalent to the needs of 70,000 homes, creating up to 370 jobs during the construction phase and nearly 50 full time jobs once operational.
The plant will be built by Danish power plant specialist Burmeister & Wain Scandinavian Contractor A/S.
The firm also advised Stobart on the Widnes Biomass Project deal which closed in November 2014, the ECO 2 Margam Biomass Project that closed in January 2015 and the Brite (North East) Biomass Project that closed in February 2015.
The DLA Piper team was led by partner Darren Walsh who was supported by associates Abigail Mathews and Anthony Santangeli
Darren Walsh said: "This is the fourth biomass plant contract Stobart have completed, and DLA Piper have advised them on, in as many months and we are delighted to have helped them achieve their target to supply tonnage of 2 million tonnes per annum by 2017/18."
Richard Butcher, CEO of Stobart Energy & Infrastructure, commented: "We are delighted with closing this project which sees Stobart reaching its target of supplying 2 million tonnes of biomass in the UK market by 2017. DLA Piper led by Darren Walsh have advised us on all of our fuel supply agreements and investments and we have been really pleased with the level of advice, expertise and support we have had."