299 MW Teeside biomass plant secures funding

Middlesborough in northeast England is to be the site of what its developers purport to be the world’s biggest biomass combined heat and power plant.

Site preparation works will commence in a few weeks after news that the Teeside biomass CHP plant at Teesport secured £650m in funding
Teeside biomass plant model
Project developer MGT Power announced in July 2015 that it was partnering with Macquarie Capital and Macquarie Commodities and Financial Markets to deliver the project. Macquarie and Danish pension fund PKA, will now become the joint owners of MGT Teesside, which will own and manage the Tees Renewable Energy Plant (Tees REP).

The project will be built under a turnkey engineering, procurement and construction contract by a consortium of Tecnicas Reunidas of Spain and Samsung Construction and Trading (SCT) of South Korea.

“The Tees REP project has had to overcome many hurdles in development but we have now successfully reached the next stage despite the difficult financing environment,” said Ben Elsworth, CEO of MGT Teesside.

Tees REP will be fuelled by wood pellets and chips from the United States and Europe that will be delivered directly via ships arriving at Tees Dock adjacent to the plant. The CHP plant itself will be compromised of one circulating fluidised bed boiler supplied by Amec Foster Wheeler.

Commercial operations are due to start in 2020.

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