Newark-based SHARC Energy Systems has completed a deal for an undisclosed sum to supply heat to a huge redevelopment project at Clyde Gateway, just outside Glasgow. The business was guided by the energy projects team at law firm, Shakespeare Martineau.
SHARC will use its innovative wastewater heat recovery technology to generate the heating and cooling services for the Clyde Gateway’s future occupiers. Shakespeare Martineau advised on the funding requirements, the heat supply arrangements together with all of the property and development requirements for the scheme.
Duncan James, head of the Nottingham office of Shakespeare Martineau, who led on the project, said: “Helping SHARC with this project has been a brilliant experience and it is excellent to see local businesses involved in major UK regeneration projects, such as the Clyde Gateway. Our team – including a Scottish-qualified lawyer – has a wealth of experience advising on renewable and energy projects and has relished the opportunity to work with such a key player in the energy industry.
“We are seeing an increased appetite for energy companies and energy entrepreneurs to seek out advice on projects and funding requirements away from London and to tap into the wealth of talent that the East Midlands has to offer. Businesses in the region are doing great things and we wish SHARC every success in its further work on the Clyde Gateway.”
Russ Burton, chief operating officer of SHARC, said: “We are delighted to have reached financial close on this scheme and were very grateful for the support of Duncan and his team in guiding us through the contractual process.
“With a growing appetite in the UK for District Energy services using renewable technology this is a key project for the SHARC team in demonstrating international best practice to the wider energy management community we are supporting throughout the UK, but particularly in Scotland.”