Taylor Wessing has advised Cahill Energy on its historic agreement with the Barbados government to build and operate a waste-to-energy plant on the island. The plant will reportedly provide up to 25 per cent of the island’s needs.
Established to finance, build, own and operate utility-scale waste-to-energy plants in key markets, Guernsey-based Cahill Energy plans to transform all kinds of waste on Barbados into clean, renewable energy.
Cahill Energy expects to invest up to $240m (£144m) in the proposed plant, which is set to be built in Vaucluse, St Thomas, creating up to 650 skilled labour jobs and stimulating growth across the island. It will also provide the government of Barbados with several hundred million dollars in estimated savings over the lifetime of the 30-year contract.
Dominic FitzPatrick, head of the energy group at Taylor Wessing said: ‘Like many Caribbean islands, Barbados is dependent on imported heavy fuel oil for its electricity generation. As a result, electricity prices are higher than much of the rest of the world. This project will enable Barbados to reduce its dependence on fossil fuels and reduce the waste sent to landfill, bringing both environmental and economic benefits to Barbados.’
FitzPatrick led the team at Taylor Wessing and was supported by David Quinlan (partner in the construction and engineering team) and Colin McCall (senior associate in the patents team).