Co-developed by GIG and Wismar Pellets, the combined heat and power (CHP) biomass plant will generate up to 18 MWe of electricity and 27 MWth of renewable heat, and provide both Wismar Pellets and ILIM Nordic Timbers, who will provide bark material as a by-product of their timber operations, with heat. The plant is supposed to start operations in Q4 2022.

PEARL Infrastructure Capital (PEARL) is a private equity investment fund dedicated to the energy and ecology transition in Europe. The fund completed its final closing in March 2020 with a total commitment in the fund of €280 mn (i.e. an investment capacity of ca. €1.2 bn in projects) which is currently being deployed into European assets in the production of baseload renewable energy such as biomass cogeneration plants, in waste valorisation, and in water cycle management.

Advisers to PEARL Infrastructure Capital:

Herbert Smith Freehills:  Silke Goldberg (Corporate/Energy, London), Dr Marius Boewe (Energy Law, Düsseldorf; both lead), Dr Christoph Nawroth, Dr Sebastian Schürer (Counsel; both Corporate, both Düsseldorf), Kai Liebrich (Finance), Thomas Kessler (Real Estate), Dr Steffen C. Hörner (Tax; all Frankfurt); Associates: Anne Eckenroth (Foreign Lawyer), Kristin Kattwinkel (both Energy Law, both Düsseldorf), Dr Julius Brandt (Consultant, Frankfurt), Stefanie Strahl (both Corporate; Düsseldorf), Dr Hannes Jacobi, Dr Galina Matjuschkin (both Finance, both Frankfurt); Gelena Minkov, Yvonne Spatz, Christina Friess, Ja Yeon Youm (Professional Support Lawyer; all Real Estate), Tatiana Guenster (Tax; all Frankfurt); Martin Bittner, Sam Cundall, Jannis Bille, Ania Sharp, Julia Ostendorf (Trainee Solicitor), Tara Theiss (Paralegal; all Corporate/Energy, all London); Elinor Richardson (Disputes, London)