Natixis is pleased to support the £260 million project financing of the 42MW Newhurst waste to energy (WtE) plant in Lincolnshire, England. The facility can burn up to 350,000 tons of residual non-recyclable waste per year and has the capacity to power around 80,000 homes. The clients are US developer Covanta, UK waste services operator Biffa and the Green Investment Group.
Natixis acted as Mandated Lead Arranger and Hedging Bank for the project financing, providing 20% of the facilities with associated interest rate hedging.
The Newhurst transaction demonstrates Natixis’ position as a go-to bank in the environment infrastructure sector, ranking 4th global MLA in renewable energy infrastructure (source: IJGlobal’s Infrastructure and Project Finance League Table Report 2019), in line with its concrete commitment to green and responsible finance.