BIOMASS
3MWe of renewable electricity &12MWh of reusable heat for Ruthin
Three biomassfired CHP systems be installed at biomass fuel producer Newbridge Energy’s plant in Ruthin in North Wales, UK as part of a corporate expansion plan. The project has received a multimillion pound investment from energy and environment investment business, Iona Capital. The three wood chipfuelled CHP plants are to be supplied by Uniconfort, an Italian biomass equipment supplier, reports UKPN.
pound investment from the independent energy and environmental investment compa- ny, Iona Capital. It is Iona Capital’s third clean energy invest-
N
ment in North Wales, following its investments in biogas projects at St Asaph and Llwyn Isaf, near Caenarfon. Newbridge Energy will increase its work-
force to 48 people over the next six months. The three new wood-chip biomass CHP
plants at Ruthin will generate a combined out- put of 3MWe of renewable electricity and 12MWh of reusable heat and are set to enter operation before the end of 2016. The units will qualify for ROCs and the Renewable Heat
ewbridge Energy will be doubling the size of its workforce and installing three biomass generating units in North Wales after a multi-million
Incentive (RHI) under the UK Government’s tariff support mechanism for renewable power and heat.
Newbridge Energy is managed by Phil Wildbur and Darren Davies who originally acquired the business in 2014 and remain significant shareholders in the company. Newbridge’s main operating subsidiary,
Blazer Fuels, is based at Ruthin and process- es approximately 20,000 tonnes of virgin wood offcuts each year into premium wood fuel pellets and other products. The plant is located adjacent to a fence post manufacturing plant which supplies the majority of its wood offcuts under a long term supply agreement. Phil Wildbur, Director of Newbridge Energy
said: “Iona Capital’s investment provides us with the catalyst and the confidence to invest
"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.”
Phil Wildbur,
Director of Newbridge Energy
34
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.” Nick Ross, joint managing director of Iona Capital said: “Our investment in Newbridge Energy is another example of private infra- structure funds investing on a sustainable green agenda whilst promoting entrepreneur- ial businesses. It is Iona Capital’s third clean energy investment in North Wales.” He concludes: “Over the past five years, Iona has financed over 20 renewable energy projects in Wales, Scotland and England, all of which supply energy and/or heat to the local grid networks. “Creating a sustainable energy sector is a
top priority for the UK and Iona’ s biomass pro- jects provide attractive commercial returns to our investors – predominantly local authority pension funds, as well as long term social and economic benefits to local communities.” The three CHP plants will be supplied by Uniconfort, an Italian biomass equipment supplier. 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.
www.ionacapital.co.uk
AUTUMN 2016 UK POWER NEWS
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