•  
  •  
  •  

Greencoat Capital to buy 40-MW UK biomass plant from CIP

Wood chips. Author: PSNH. License: Creative Commons, Attribution-NoDerivs 2.0 Generic

October 24 (Renewables Now) - Specialist asset manager Greencoat Capital LLP has agreed to acquire on behalf of several pension fund clients the owner of a 40-MW biomass power plant in the UK.

More specifically, Greencoat Capital has signed a deal to take over Templeborough Biomass Power Plant Ltd (TBPP) from Copenhagen Infrastructure Partners (CIP) for an undisclosed sum. This is its first investment in a bioenergy asset, it said.

TBPP owns a waste wood biomass plant located in Rotherham that has been operating since early 2019. Greencoat Capital noted that the facility can produce enough power to meet the annual consumption of about 78,000 households.

Rothschild & Co and Mirae Asset Daewoo Co Ltd served as financial advisers to the seller, while Evercore, Poyry and Eco2 consulted Greencoat.

More stories to explore
Share this story
Tags
 
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription