Womble Bond Dickinson helps Anaergia secure €100m of funding for energy from waste projects in Italy

Womble Bond Dickinson helps Anaergia secure €100m of funding for energy from waste projects in Italy

Law firm Womble Bond Dickinson has advised Anaergia, a global leader in the production of clean energy, fertilizer, and recycled water from virtually any waste stream, on its €100 million junior loan note funding programme with Arjun Infrastructure Partners.

The funding from Arjun, an independent European infrastructure asset manager, will support Anaergia’s development of between 10 and 12 new organic waste to renewable natural gas projects in Italy.

The Womble Bond Dickinson team advising Anaergia was led by Leeds-based partner and head of the law firm’s UK banking and finance team, John Connor, and solicitor Jake Unsworth.

The firm provided key finance expertise and worked with Anaergia advisers in other jurisdictions including law firms Ergon Legal and BonelliErede in Italy, NautaDutilh and Nysingh in the Netherlands, Noerr in Germany, and Lawson & Lundell in Canada.

Arjun was advised by Ashurst, led by partner Alex Biles.

Connor commented: “It has been a pleasure working with the Anaergia team, Arjun and Ashurst on this exciting transaction, which realises Anaergia’s commitment to creating new biogas facilities in Italy. The deal successfully completes as COP26, based in Glasgow and fittingly in partnership with Italy, comes to a close.”

“As we embark on a decade of climate action, Womble Bond Dickinson and its lawyers are proud to be supporting the delivery of clean and innovative energy projects that will play an important role in reducing emissions and protecting the environment.”

Thor Erickson, general counsel at Anaergia, added: “Italy continues to be a leader in adding new organics diversion facilities and this market presents many growth opportunities for Anaergia.”

“We’ve grateful to the whole Womble Bond Dickinson team for their excellent legal advice and commitment to this cross-border project. John and Jake worked around the clock so we could complete the transaction on time.”

Womble Bond Dickinson advises lenders and borrowers across a range of facility types and sectors. The law firm has been advising clients in the energy sector for decades, and the team has a great depth of experience of the issues facing energy and power generation businesses.

Pictured: John Connor and Jake Unsworth
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Mark Dugdale

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