Corporate and energy lawyers from Walker Morris have advised on a joint venture to use farm waste to generate green electricity.
The law firm advised Iona Capital VCT on its investment in the joint venture between JFS & Associates and a farmer at Howla Hay Farm in Guisborough, North Yorkshire.
The deal is the latest in a series of joint ventures between Iona, JFS and farmers to develop, own and operate anaerobic digestion (AD) plants that Walker Morris has advised on.
The joint venture, named JFS Howla Hay Biogas, secured funding through its investment partners Iona Capital VCT and CO2 Sense.
JFS secured all the necessary permits and developed the project. Howla Hay Farm is responsible for operating the plant and supplying the feedstock, using existing farm wastes such as manure and slurry, supplemented with energy crops. The plant will generate renewable electricity from the AD process, which will either be used on the farm or sold to the National Grid — receiving income under the Feed-in Tariff scheme.