banneredit
3,643
edits
Tilbury Green Power: Difference between revisions
m
press release
mNo edit summary |
m (press release) |
||
| Line 8: | Line 8: | ||
The plant uses up to 270,000 tonnes of [[Wood Waste]] per annum<ref name="TGP" /> which is provided by [[Stobart Biomass]] who source the fuel for the plant from the local catchment area, which is then processed at the onsite facility<ref name="GIB">[https://greeninvestmentgroup.com/news-and-insights/2015/uk-green-investment-bank-and-esb-support-new-190m-renewable-electricity-plant-on-the-thames/ Green Investment Bank]</ref>. | The plant uses up to 270,000 tonnes of [[Wood Waste]] per annum<ref name="TGP" /> which is provided by [[Stobart Biomass]] who source the fuel for the plant from the local catchment area, which is then processed at the onsite facility<ref name="GIB">[https://greeninvestmentgroup.com/news-and-insights/2015/uk-green-investment-bank-and-esb-support-new-190m-renewable-electricity-plant-on-the-thames/ Green Investment Bank]</ref>. | ||
The Tilbury Green Power Plant was developed by [[Tilbury Green Power Limited]], the major shareholders | The Tilbury Green Power Plant was developed by [[Tilbury Green Power Limited]], the major shareholders at the time being the [[Electricity Supply Board]] (ESB) and the [[UK Green Investment Bank]] (GIB) (now called [[Green Investment Group]]). [[Burmeister and Wain Scandinavian Contractor]] (BWSC) and [[Aalborg Energie Technik]] (AET) were minor shareholders<ref name="TGP" />. GIB and ESB each invested £35m to the project as a combination of equity and shareholder loans, with an additional £2m participation from the technology provider AET<ref name="GIB" />. Senior debt funding was provided by the [[Danish Export Credit Agency]] (Eksport Kredit Fonden), [[Investec]] and [[Rabobank]]<ref>https://www.aet-biomass.com/en-GB/Home/References/Biomass-fired-Plants/Tilbury-Green-Power-London.aspx</ref>. The total cost of the project amounted to £190m<ref name ="GIB" />. | ||
In June 2021 the facility was acquired by two new shareholders - [[Altri SGPS S.A]] through its wholly owned subsidiary [[Greenvolt]] (51% of the shares) and [[Equitex]] (49% of the shares) for a value of £245.5m<ref>[http://www.altri.pt/~/media/Files/A/Altri-V2/press-release/2021/Altri20210607EN.pdf altri Press release June 2021]</ref>. | |||
The project is being progressed in two phases with Phase 1 already operational and Phase 2 awaiting construction. The original planning consent for the site permitted the total capacity to be 60MWe with an overall waste processing limit of 650,000 tonnes per year with [[Solid Recovered Fuel]] also being permitted up to a total tonnage of 170,000 tonnes. A variation to this planning consent has now been granted, which will allow the site to operate up to 80 MWe and the use of [[Solid Recovered Fuel]] up to 350,000 tonnes per annum<ref>ENDS</ref> | The project is being progressed in two phases with Phase 1 already operational and Phase 2 awaiting construction. The original planning consent for the site permitted the total capacity to be 60MWe with an overall waste processing limit of 650,000 tonnes per year with [[Solid Recovered Fuel]] also being permitted up to a total tonnage of 170,000 tonnes. A variation to this planning consent has now been granted, which will allow the site to operate up to 80 MWe and the use of [[Solid Recovered Fuel]] up to 350,000 tonnes per annum<ref>ENDS</ref> | ||