The Energy and Natural Resources team at leading law firm Harper Macleod has advised on a major investment in a Scottish anaerbobic digestion plant – which creates gas for energy from chicken manure.
The JLEN infrastructure fund, which specialises in renewables investments, made the investment in the Peacehill Farm anaerobic digestion plant in Fife, which produces biomethane from chicken waste and other farming by-products.
The Harper Macleod team, led by Senior Partner David Bone, advised on all property and planning aspects of the deal, one of several the team has completed during the lockdown period.
The plant produces biomethane and also includes a combined heat and power generator.
JLEN chairman Richard Morse said: "We are pleased to build upon our growing portfolio of agricultural anaerobic digestion plants through the acquisition of the Peacehill Farm anaerobic digestion plant. As with our other anaerobic digestion plants, it has a proven operational history and is supported by a high proportion of inflation-linked revenues backed by government subsidy regimes. We look forward to working with our partners at Peacehill Farm."
JLEN's portfolio includes the Dungavel windfarm in South Lanarkshire and Carscreugh wind farm in Dumfries & Galloway.
Harper Macleod's team advising on the deal included Peter Ferguson and Roslyn MacDonald on planning, Tony Cameron and Ricardo Matteo on banking and Josh Hales on property. The firm worked with international law firm Osborne Clarke on the transaction.