$530m UK district energy scheme hangs in the balance

E.ON is still hoping to get a heat network initiative off the ground in western England, despite the threat of insolvency hanging over the project’s overseeing company.

EDP24 reports that Norwich Powerhouse, set up to oversee the creation of à‚£370m ($530m) Generation Park, between Thorpe St Andrew and Whitlingham, has had difficulties securing investment and its board has called in an insolvency practitioner and, looking to avoid liquidation.
Generation Park
That would mean the company could continue trading, if agreement is reached over payment to creditors over a fixed period.

Backed by the University of East Anglia, the park is due to include a straw pellet-burning plant, 120 new homes, student accommodation, an education centre, a research base, 11 acres of parkland, plus new cycle routes and walkways.

Energy company E.ON, which has put in à‚£1.4m to the project so far, is still considering a potential move to save the project.

A spokesman said: “E.ON has invested more than à‚£1m to support the development of Generation Park with a view to building a zero carbon district heating network connected to the biomass energy plant being developed by Norwich Powerhouse.

“With any investment decision we make, our overriding concern must be to use our customers’ money wisely. It is right and proper we take time to fully investigate the opportunity to further engage in what would be a pioneering renewable energy plant for Norwich, with potential for wider benefits across the city.

“We’re already hard at work on that technical assessment and remain in dialogue with the owners of Norwich Powerhouse.”

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