The most recent project delivered was a £72 million acquisition of an EfW facility in Bridgwater, Somerset, by Equitix, a leading UK infrastructure investor, and Iona Capital, the specialist environmental investment and fund management firm. Anthesis is an established commercial due diligence (CDD) partner for both investors having worked on a number of previous projects and waste infrastructure developments.
The 7.75MW Resource Recovery Facility will employ up to 25 full-time operational staff and process approximately 100,000 tonnes of commercial and municipal refuse derived fuel (RDF) annually, which would otherwise have been destined for landfill. Construction will begin in the first quarter of 2019 with the facility anticipated to be fully operational in 2021.
Led by Claudia Amos, the Anthesis team worked with the investors, project developers and feedstock supplier to provide full commercial feedstock due diligence, including an initial red flag report to scope out the due diligence requirements. This was followed by a review of the developer’s due diligence market report following by a detailed supplier assessment, covering several tiers of the feedstock supply chain and a fuel supply contract review, where the feedstock supply arrangements were compared against the competitive pressures on gate fees.
Infrastructure Project Experience
Working closely with project developers, venture capitalists, investment funds, banks and pension funds, the vastly experienced Anthesis team are key partners when it comes to providing expertise on infrastructure projects, particularly in the Energy from Waste, Anaerobic Digestion, bioeconomy and recycling sectors.
In July this year, Anthesis provided the first ever waste infrastructure analysis report for the UK National Infrastructure Commission.
To discuss this project further or to contact Claudia Amos about commercial due diligence, please use the form below.