July 16 (Renewables Now) - Denmark-based Babcock & Wilcox Vølund A/S has handed over a 40-MW biomass-fired power plant in Wales to its client Margam Green Energy Ltd, a special purpose vehicle run by clean energy infrastructure investor Glennmont Partners.
Vølund’s parent company, Babcock & Wilcox Enterprises Inc (NYSE:BW), said Monday its unit will stay onboard the plant and operate it on behalf of the client under a 15-year operations and maintenance (O&M) contract.
It took an investment of GBP 160 million (USD 200m/EUR 177.2m) to develop and build the Margam Green Energy plant. Construction began in 2016 and the plant entered commercial operation this June. The facility, located in the Welsh suburb of Margam near Port Talbot, will burn waste wood to generate enough power to meet consumption needs of around 75,000 households.
(GBP 1.0 = USD 1.25/EUR 1.11)