Skip to content

News

Bioenergy

Biomass

CIP and BWSC invest DKK 1.4 billion in combined heat and power plant (CHP)

image
10 August 2016

The fund Copenhagen Infrastructure II and Burmeister & Wain Scandinavian Contractor A/S (BWSC) have acquired 100% of the biomass-fired combined heat and power plant project Kent in the UK developed by Estover Energy Ltd and at the same time taken the investment decision to construct the project. The total investment in the Kent project will amount to approximately GBP 160m.

The power plant will be constructed by BWSC which is also the business partner of Copenhagen Infrastructure Partners (CIP) on two other biomass plants in the UK. BWSC will furthermore 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.

- Read more about: Bioenergy

The entire biomass required will be sourced under a long-term contract with Euroforest, one of the largest virgin wood suppliers in the UK. The plant will deliver CO2 savings of approximately 100,000 tonnes every year.

The project is located in Kent near Sandwich in the UK and has been developed by Estover Energy Ltd.

The total investment in Kent amounts to approximately GBP 160m of which Copenhagen Infrastructure II K/S will invest around 80% and BWSC around 20%. Estover Energy Ltd will once commercial operation commences hold a minority interest in the project.

“Our investment in Kent builds on our good experience with the UK biomass power market which to date includes the Brigg project which was commissioned in January 2016 and the Snetterton and Templeborough projects that are under construction and planned to be commissioned in 2017. 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 Sørensen, 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. The project also illustrates the value of the close cooperation between strong financial and industrial players in the energy sector resulting in attractive business opportunities and investments for both parties. With the Kent project, BWSC has once again strengthened its role as market leader within constructing, operating and owning energy efficient power plants”, says Anders Heine Jensen, CEO in BWSC.


- Download State of Green's white paper on Danish bioenergy solutions

 

Source: BWSC

You should consider reading

Bioenergy
Biomass

News

Living labs

+61

Danish companies obtain the most green patents

16 January 2023
Known to be among the globe's most sustainable, Danish companies are number one in obtaining green patents in both Europe and the US over the past ten years.

News

Job creation and transition

+101

Sound of Green, a podcast series with insights from Denmark’s green transition

27 January 2023
From managing cloudbursts to setting up climate partnerships, we examine how Denmark has turned acute climate challenges into new opportunities. In our podcast series Sound of Green, experts convey how Danish experiences can push the needle toward global green transition. Find it on Spotify, Apple Podcast and stateofgreen.com.

News

Green financing

+101

New Danish models assess the economic and fiscal impacts of climate policies

31 January 2023
Economists from the University of Copenhagen have developed green models to calculate environmental and climate effects on Denmark's entire economy. The models can have a major impact on how we view and measure economic growth and green transition worldwide.

News

Climate partnerships

+29

COP28: New global alliance to advance negative emissions

11 December 2023
It is not enough for all countries to aim for climate neutrality; some must go beyond and become climate-negative. Aimed at achieving this after 2045, Denmark has launched the GONE alliance with like-minded countries.