The Bioenergy Infrastructure Group (BIG) has raised £150 million that will be invested in new biomass and waste to energy assets in the UK. BIG has raised this capital from Infracapital, Helios Energy Investments and Aurium Capital Markets, that has brought its aggregate funding to over £600 million.
BIG has already invested in over 20 biomass to power energy projects in the UK. Some of them are - 21MW Ince biomass plant in Cheshire, 20MW Mersey Bio Energy in Widnes and the 24MW Energy Works facility in Hull.
As UK moves towards a low-carbon economy and is converting fossil fuel plants to use biomass, BIG is enabling UK to reduce its carbon emissions through these investments in biomass power projects.
According to BIG, its facilities will divert over 1 million tonnes of waste from landfill each year and generate enough electricity to power around 250,000 homes in the UK.
More about UK’s biomass power projects will be discussed at CMT’s 4th Biomass Trade and Power Europe on 12-13 February, 2019 in Copenhagen.