27 Jan '15, 9am

Glennmont completes purchase of 40MW biomass project in Wales: Deal marks the inclusion of the first biomass g...

Glennmont Partners has completed the purchase of the Margam Green Energy Project from ECO2 Ltd. and Western Logs Group on behalf of its dedicated clean energy fund, Glennmont Clean Energy Fund Europe II1 in a £160m deal. The Margam Green Energy Project will see a new biomass power generation plant built in Port Talbot, Wales, providing 40 MW of renewable energy to the Welsh and UK Energy market. The plant was developed and will be managed by ECO2 Ltd., which has unique experience in developing, building and operating UK biomass plants. Fuel for the plant will be sourced from the waste wood market and will be supplied by Stobart Biomass Products Ltd under a long-term, indexed-linked fuel supply contract. The completion of the deal marks the inclusion of the first biomass generation in Glennmont Clean Energy Fund Europe II and a significant step towards the completion of the...

Full article: http://www.renewableenergyfocus.com/view/41228/glennmont-...

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