Wragge & Co advises Associated British Ports on flagship energy project
Wragge & Co LLP Energy Infrastructure team has advised Associated British Ports (ABP) Port of Southampton on a flagship combined heat and power energy deal. For the first time in the UK, a port will obtain its power through a Combined Heat and Power District Energy Scheme.
ABP, which owns the Port of Southampton, has signed a deal with energy provider Utilicom. The scheme will see an annual reduction in the port's CO² footprint of 30%. It will also save approximately 11,500 tonnes of CO².
Associate and energy expert Gus Wood led the deal, providing advice alongside energy partner Derek Goodban. The team worked closely with Trevor Atkins, engineering services manager at ABP, and Ian Palacio, commercial manager at ABP Southampton. John Wood at Norton Rose advised Utilicom.
Ian Palacio said: "Having recently invested in state of the art cruise terminals, multideck storage facilities and cranage, ABP Southampton is proud to add sustainable power to its portfolio of modern port facilities".
Derek Goodban said: "This deal represents a genuine innovation in the way energy is obtained by a port in the UK. Combined heat and power schemes play a vital role in delivering the Government's sustainable energy goals. In-depth knowledge of the renewables sector enabled us to find the right solution on this exciting project, which will bring a number of environmental benefits to Southampton."
Associated British Ports is the UK's largest ports group. It owns and operates 21 ports across the UK. The group's activities cover transport, storage and terminal operations, ship's agency, dredging and marine consultancy. Southampton is one of the UK's busiest ports, employing 12,000 people and contributing £2 billion to the UK economy. It handled more than 43 million tonnes of cargo in 2007.
Utilicom is a provider of district energy schemes based in the UK. It is part of the IDEX Group, the largest privately owned energy services company in France. The group has over 3,000 employees and an annual turnover of €500 million.
Wragge & Co boasts a strong reputation in the energy sector. Its cross-firm energy infrastructure practice comprises a single team of regulatory, construction, corporate, real estate and finance experts. This approach means clients (including generators, distributors, suppliers, traders, customer bodies, trade associations and customers) receive practical, commercial solutions from lawyers with an in-depth knowledge of the energy sector.
Highlights include playing a leading and strategic role in the establishment of a new wholesale electricity market for the island of Ireland, advising BP plc on a strategic alliance between BP Alternative Energy and Clipper Windpower, and advising E.ON on the construction of its 1200 MW power station on the Isle of Grain and its Robin Rigg wind farm in the Solway Firth. Other key clients include Welsh Power Group, Opus Energy and National Grid.
For further information about this press release, contact Kathryn Hobbs on +44 (0)121 685 2785, Rebecca Davies on +44 (0)121 685 3819 or Gayle Redding on +44 (0)121 685 2708
This press release may contain information of general interest about current legal issues, but does not give legal advice.