Bioenergy Infrastructure Group announces second energy-from-waste project in Hull
Bioenergy Infrastructure Group (BIG), a platform established to invest and operate biomass plants in the UK, has reached financial close on its second waste-to-energy project.
The new £200 million (€284 million) plant has a 25MW capacity and will be located on 7.5 acres in Hull, East Yorkshire.
BIG was established by cornerstone investor Infracapital, alongside shareholders Helios, Aurium and Foresight Group, to become the leading power producer in UK biomass.
BIG was launched on 1 October, along with the announcement of its first project, the
21.5MW Ince Biopower biomass plant in Cheshire.
The plant, to be named Energy Works Hull, will be controlled by BIG. It has already secured
offtake agreements with a 15 year power purchase agreement and a 15 year Contract for
Difference (CfD) – the first waste-to-energy project to achieve financial close with a CfD.
Once operational, the plant will generate enough electricity to power 43,000 homes. The EPC
contractor is M+W Group and the project has a 10 year O&M agreement with Cofely.