Biomass fuel producer to install biomass CHP plants

Three biomass-fired combined heat and power (CHP) units are to be installed at biomass fuel producer Newbridge Energy’s plant in Ruthin in North Wales, UK as part of the company’s expansion plan.

The project has received a multi-million pound investment from energy and environment investment firm Iona Capital. The exact amount invested was not disclosed.

The three wood chip-fuelled CHP plants are to be supplied by Uniconfort, an Italian biomass equipment supplier, and are planned to generate a total of 3 MWe/12 MWth and to come online before the end of this year. They will qualify for Renewables Obligation Certificates (ROCs) and support from the Renewable Heat Incentive (RHI) under the UK’s tariff support mechanism for renewable power and heat.

Phil Wildbur, director of Newbridge Energy, said: ‘Iona Capital’s investment provides us with the catalyst and the confidence to invest and grow our business. Newbridge Energy is now well positioned to expand its biomass operations throughout North Wales and become one of the leading biomass and wood chip producers in the area.’

Iona Capital has previously invested in two biogas power projects in North Wales.

 

 

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...