New biomass plant to be built in Lincolnshire
RWE Innogy UK is acquiring 100 % of Helius Energy Alpha Ltd from British biomass to power company Helius Energy Plc.. Helius Energy Alpha Ltd. owns the rights for the development and operation of the Stallingborough biomass power plant to be built in North East Lincolnshire. Overall, RWE Innogy will invest approx. € 260 million in this project. Consent for the power plant has already been granted and first preparations for construction will be started shortly.
Prof. Fritz Vahrenholt, CEO of RWE Innogy: 'This transaction enables RWE Innogy to enter the UK biomass market successfully. Overall, we intend to increase the generation of electricity and heat from solid biomass almost five-fold to 600 MWel in Europe by 2011. The UK is an extremely important market for these growth plans. This is why I am particularly happy that we have found a competent and experienced local partner with Helius Energy.' RWE Innogy and Helius Energy plan to develop additional biomass projects in the UK.
John Seed, Helius Energy’s Managing Director said: “I am delighted that Helius Energy has achieved exactly what it set out to do when it listed last year. This deal provides us with the funds to continue our strong and steady progress towards the development of a pipeline of biomass energy projects. We look forward to working with RWE Innogy and exploring ways to exploit the obvious synergies between our respective organsiations in the future.”
The Stallingborough biomass plant is designed for a gross capacity of 73 MWe (65MWe declared net capacity). It will be fuelled with wood residuals or forest biomass. The majority of the required biomass will be contractually secured on a long-term basis. RWE is already conducting talks with companies interested in possibly using the thermal output.
RWE npower will provide operations and maintenance services for the plant on behalf of its sister company RWE Innogy, utilising RWE´s expertise as a market leader in power generation in the UK. In July RWE npower announced plans for a 45 MW biomass CHP plant at Tullis Russell Papermakers in Markinch, Scotland.
-
Most popular related searches
Customer comments
No comments were found for New biomass plant to be built in Lincolnshire. Be the first to comment!