Taylor Wessing advises Cahill Energy on $240 million investment in Barbados clean energy plant

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International law firm Taylor Wessing has advised its client, Cahill Energy, on the historic agreement with the Barbados Government to build and operate a revolutionary Waste to Energy plant on the island. The plant will utilise the most innovative technology available to provide up to 25% 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 $240 million (USD) 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 law firm 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.”

Dominic 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).

Taylor Wessing is a full-service law firm working with clients in the world’s most dynamic industries, including the energy sector.

Contacts:    Dominic FitzPatrick, David Quinlan, Colin McCall