£150m refinancing of Lincs biomass plant
A renewable energy plant in Lincolnshire is the subject of the biggest ever institutional-only financing in the UK biomass sector so far.
The Sleaford Renewable Energy Plant (REP) has been re-geared for £150m by clean energy infrastructure fund managers, Glennmont Partners through its dedicated Glennmont Clean Energy Fund Europe I by a “large European institutional investor”.
Glennmont raises long-term capital to invest in alternative power generation projects including wind farms, biomass power stations, solar parks and small-scale hydro power plants.
Sleaford REP is a 40MWe straw-fired biomass plant. It has been in operation since 2014 and is being operated by Burmeister & Wain Scandinavian Contractor (BWSC).
The plant benefits from 2 ROCs under the UK renewable energy regime as “good quality CHP plant”, providing free heat to the local community under long term offtake contracts.
