Clyde & Co advises Fortum on major renewable energy plant for North East of England
Clyde & Co has advised clean energy provider Fortum O&M (UK) Limited on its contract negotiations to operate and maintain the world's biggest biomass power station in the UK.
Clyde & Co assisted with negotiations on the operation and maintenance (O&M) agreement to operate the facility and associated documents.
The 299MW renewable energy plant will be based in Teesside in the North East of England and will be constructed by MGT Teesside. Macquarie is the lead equity sponsor and financial advisor for the £650 million investment project.