Bioenergy Infrastructure Group buys 70 MW of assets from former GIB

Bioenergy Infrastructure Group (BIG) announced on Friday it has built one of the UK’s largest portfolios of biomass and waste-to-energy plants by acquiring assets from the former UK Green Investment Bank (GIB).

GIB, now known as the Green Investment Group (GIG) following its just completed takeover by Macquarie Group (ASX:MQG), has sold to BIG four biomass and WtE facilities, 15 anaerobic digestion plants and a materials recovery facility with a combined capacity of 70 MW.

The plants range in size from 200 kW to 20 MW. Twelve of them are located in Northern Ireland, seven are situated in England and one is in Scotland. The largest of the acquired assets is the Mersey Bioenergy facility in Widnes, near Liverpool. It is a 20-MW biomass waste-wood plant with the annual capacity to generate enough power to supply the equivalent of 49,000 local homes.

Following the transaction, BIG has more than 115 MW of operational and late-stage construction assets plus 200 MW of projects in its pipeline. The group expects to make additional investments over the course of the next two years, it said, adding that it is opportunistically considering various UK sites in different stages of the project lifecycle.

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