Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

15882

BNY Mellon appointed as trustee and paying agent for GBP48m Estover Energy bond

RELATED TOPICS​

BNY Mellon has been appointed trustee and paying agent for Estover Energy’s GBP48m bond for a new combined heat and power plant in Speyside, Scotland.

The bond, which is guaranteed by Infrastructure UK, part of HM Treasury, will fund the new biomass plant near Craigellachie, Moray which is to generate enough renewable energy to power more than 20,000 homes.
 
In addition to the GBP48m bond, John Laing and the UK Green Investment Bank are to invest GBP26m in the Speyside plant.
 
It is anticipated that the plant will produce 76.8 GWh per annum of renewable heat which equates to 42,000 tonnes of carbon dioxide equivalent a year and that the project will create 123 jobs.
 
Dean Fletcher, head of EMEA corporate trust at BNY Mellon, says: “Green bonds raise essential capital for pioneering energy projects which make a real difference to the environment, industry and the local economy. We welcome this opportunity to serve this UK government backed venture to boost sustainable energy creation in Scotland. With green bond issuance forecast to reach USD100 billion in 2015, the industry is realising the potential of large, environmentally friendly infrastructure projects to provide attractive returns in the name of sustainability.”

Latest News

GAM Investments and Sun Hung Kai & Co, a Hong Kong-based alternative investment firm, are..
PwC’s Global Entertainment & Media Outlook 2024-28, covering 13 sectors across 53 countries and territories,..
London-based Nickel Digital Asset Management (Nickel) writes that it has delivered a record first half..

Related Articles

Green energy
2024 has been the strongest ever year for green bond sales, with deals topping USD356 billion in the first six months, according to research from Bloomberg...
2024 has been the strongest ever year for green bond sales, with deals topping USD356 billion in the first six..
infrastructure headline
The new Labour government has launched a GBP7.3 billion National Wealth Fund which will target private capital to support the UK’s growth ambitions...
The new Labour government has launched a GBP7.3 billion National Wealth Fund which will target private capital to support the..
Tom McPhail, lang cat
Today’s news of a landslide victory from the UK’s Labour party, finds that the markets had mostly factored in a widely predicted Labour win...
Today’s news of a landslide victory from the UK’s Labour party, finds that the markets had mostly factored in a..
Pensions might not feature at the top of the political parties’ manifesto promises this election, but their role in driving the UK’s growth ambitions is increasingly on investors’ agendas...
Pensions might not feature at the top of the political parties’ manifesto promises this election, but their role in driving..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by