Bristol-headquartered law firm TLT has advised the SWEN Impact Fund for Transition (SWIFT), managed by SWEN Capital Partners, on its investment in two anaerobic digestion plants in the UK as part of its rapid portfolio expansion.
The first project, completed in December, involved the investment in and development of an anaerobic digestion plant and biogas upgrading facility at Stanton Energy Plant in Derbyshire. The second project, completed last month, saw SWIFT invest in Charlton Park Biogas Limited, based near Malmesbury in Wiltshire alongside co-shareholders Host and Cirencester-based RAW Energy, for the biomethane-to-grid anaerobic digestion project.
Both projects are quickly moving to the design and construction phase, and are aiming to achieve the first gas injection in March 2022, delivering reliable and performing biomethane facilities that are set to make a real impact in the fight against climate change.
SWIFT, the first investment fund in Europe dedicated to green gases, took a majority stake in both projects.
Antonia Silvestri, partner at UK law firm TLT, said: “Biomethane projects are fast moving to the forefront of the UK’s energy mix. These projects contribute to both electricity and gas generation, helping to de-carbonise the UK’s energy and heat markets, and increasingly also de-carbonising the transport sector with the use of biogas under the Renewable Transport Fuel Obligation.
“It was a pleasure to assist SWIFT in its first steps into the UK and we look forward to supporting them again on future projects as the fund continues to expand its portfolio.”