Copenhagen fund backs British biomass plant

The Copenhagen Infrastructure fund together with Burmeister and Wain Scandinavian Contractor (BWSC) have acquired 100% of the Kent biomass-fired combined heat and power plant project developed by Estover Energy Ltd in the UK.

Both companies have also taken the decision to construct the project, an investment amounting to approximately à‚£160m.
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The Kent biomass power plant will have a capacity of 27.8 MW and will be fired primarily with virgin wood sourced locally in the UK. The power plant is expected to be in operation during the summer of 2018.

The parties are also interested in building two similar other biomass plants in the UK and BWSC will be responsible for operation and maintenance of the plant under an O&M contract for up to 20 years.

The plant will be able to produce power corresponding to the power consumption of 50,000 households. Heat and some of the power will be delivered to Discovery Park. Discovery Park is one of the UK’s leading science parks located in Sandwich, Kent, a global hub for science, technology, business and enterprise. à‚ 

“The Kent project presents an attractive investment opportunity for CIP in a country with a well-established and stable regulatory regime. The investment is aligned with our strategy of developing projects benefitting from long-term contracts with strong industrial partners in order to deliver stable returns for our investors”, says Christina Grumstrup Sàƒ¸rensen, Senior Partner in CIP.

“The Kent project is BWSC’s eighth turnkey biomass power plant project in the UK within the last 5 years, and it underlines our strong position on the UK renewable energy market.”

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